L3Harris Technologies, Inc.

LHX

US5024311095

Aerospace & Defense

Real-time Estimate Cboe BZX Other stock markets 09:42:11 2024-04-25 am EDT			5-day change	1st Jan Change
207 ^USD	-0.34%		+3.13%	-1.38%

12:48pm	Northrop quarterly profit rose on strong global defense spending	RE
Apr. 24	Global markets live: Heineken, AT&T Hasbro, Visa, Boeing...

L3Harris Technologies, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 30, 2022

January 26, 2023 at 04:02 pm EST

L3Harris Technologies, Inc. reported earnings results for the fourth quarter and full year ended December 30, 2022. For the fourth quarter, the company reported net income was USD 416 million compared to USD 484 million a year ago. Basic earnings per share from continuing operations was USD 2.18 compared to USD 2.48 a year ago. Diluted earnings per share from continuing operations was USD 2.17 compared to USD 2.46 a year ago.
For the full year, net income was USD 1,062 million compared to USD 1,846 million a year ago. Basic earnings per share was USD 5.54 compared to USD 9.17 a year ago. Diluted earnings per share was USD 5.49 compared to USD 9.09 a year ago.

Latest news about L3Harris Technologies, Inc.

Northrop quarterly profit rose on strong global defense spending	06:48am	RE
Global markets live: Heineken, AT&T Hasbro, Visa, Boeing...	Apr. 24
Declaration of Voting Results by L3Harris Technologies	Apr. 23	CI
L3Harris Technologies to Eliminate 5% of Jobs	Apr. 23	MT
L3Harris Technologies to Reportedly Eliminate 5% of Workforce in 2024	Apr. 23	MT
US defense contractor L3Harris to cut 5% of workforce to save costs, email shows	Apr. 23	RE
Alembic Global Upgrades L3Harris Technologies to Overweight From Neutral, Price Target at $238	Apr. 22	MT
L3Harris Technologies Maintains Quarterly Dividend at $1.16 Per Share; Payable June 18 to Shareholders of Record June 4	Apr. 19	MT
L3Harris Technologies, Inc. Announces Quarterly Dividend, Payable on June 18, 2024	Apr. 19	CI
L3Harris Technologies to Expand Solid Rocket Motor Production Site in Orange County, Virginia	Apr. 18	MT
Bernstein Adjusts Price Target on L3Harris Technologies to $240 From $237	Apr. 18	MT
L3Harris Technologies Gets $256 Million Order From US Army for Night Vision Technology	Apr. 15	MT
Kratos Defense & Security Solutions Completes Static Test Firing of Zeus 2 Solid Rocket Motor	Apr. 15	MT
U.S. Army Awards L3Harris ENVG-B Production Order	Apr. 15	CI
Iridium Gets Contract With L3Harris to Provide Satellite Timing Sync Service to Back US FAA	Apr. 09	MT
Wall Street Set to Open Slightly Higher as Investors Await Wednesday's Inflation Data	Apr. 09	MT
Laser Photonics Receives Marking System Order From L3Harris Technologies; Shares Surge Pre-Bell	Apr. 09	MT
Investors Eye Wednesday Inflation Data as US Futures Tread Water Tuesday Pre-Bell	Apr. 09	MT
L3Harris Technologies to Sell Antenna Business for $200 Million	Apr. 05	MT
Kanders & Company, Inc. entered into an agreement to acquire Non-Core Assets of L3Harris Technologies, Inc. for $200 million.	Apr. 04	CI
UBS Adjusts L3Harris Technologies Price Target to $233 From $229, Maintains Neutral Rating	Apr. 02	MT
John Chevedden Files a Notice of Exempt Solicitation to L3Harris Technologies	Mar. 29	CI
L3harris Technologies Insider Sold Shares Worth $9,814,933, According to a Recent SEC Filing	Mar. 27	MT
3M Appoints William Brown as CEO, Michael Roman as Executive Chairman; Shares Rise	Mar. 12	MT
3M: new CEO appointed for early May	Mar. 12	CF

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Company Profile

L3Harris Technologies, Inc. specializes in the design, manufacturing and marketing of information and communication equipment for the defense, government agency, and commercial structure markets. Net sales break down by family of products as follows: - integrated mission systems (32.4%): intelligence, surveillance and reconnaissance systems, communication systems, electrical and electronic systems for marine platforms, advanced electro-optical and infrared solutions, etc. ; - space and airborne systems (28.3%): payload systems, sensors, complete mission solutions, confidential intelligence systems, cyber defense solutions, electronic warfare systems, etc; - communication systems (23.8%): tactical communication systems, broadband communications, integrated visual communications solutions, etc; - aviation systems (15.5%): air defense systems, commercial aircraft equipment, pilot training solutions and air traffic management systems. Net sales break down by source of income between sales of products (78.9%) and services (26.1%). The United States account for 90.2% of net sales.

Sector

Aerospace & Defense

Calendar

2024-04-24 - Q1 2024 Earnings Release

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S&P 500

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Ratings for L3Harris Technologies, Inc.

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Investor Rating

ESG Refinitiv

B+

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

207.7 USD

Average target price

244.6 USD

Spread / Average Target

+17.74%

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