L3Harris Technologies, Inc.

LHX

US5024311095

Aerospace & Defense

Market Closed - Nyse Other stock markets 21:00:02 01/07/2024 BST			5-day change	1st Jan Change
222 ^USD	-1.17%		-1.57%	+5.38%

06-18	CesiumAstro, Inc. announced that it has received $65 million in funding from a group of investors	CI
06-17	L3Harris to Collaborate With Accenture to Drive 'Technology Reinvention'	MT

L3Harris Technologies, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 29, 2023

January 25, 2024 at 09:06 pm

L3Harris Technologies, Inc. reported earnings results for the fourth quarter and full year ended December 29, 2023. For the fourth quarter, the company reported sales was USD 5,340 million compared to USD 4,578 million a year ago. Net income was USD 158 million compared to USD 416 million a year ago. Basic earnings per share from continuing operations was USD 0.83 compared to USD 2.18 a year ago. Diluted earnings per share from continuing operations was USD 0.83 compared to USD 2.17 a year ago.
For the full year, net income was USD 1,227 million compared to USD 1,062 million a year ago. Basic earnings per share from continuing operations was USD 6.47 compared to USD 5.54 a year ago. Diluted earnings per share from continuing operations was USD 6.44 compared to USD 5.49 a year ago.

Latest news about L3Harris Technologies, Inc.

CesiumAstro, Inc. announced that it has received $65 million in funding from a group of investors	06-17	CI
L3Harris to Collaborate With Accenture to Drive 'Technology Reinvention'	06-17	MT
L3Harris Technologies, Inc. and Accenture Collaborate to Accelerate Technology Reinvention for Growth	06-17	CI
Starliner flight is one big step for Boeing's space capsule, but many hurdles remain	06-10	RE
L3Harris Technologies Secures $34 Million Contract to Upgrade B-52 Operations	06-06	MT
L3harris Technologies Insider Sold Shares Worth $11,472,333, According to a Recent SEC Filing	06-05	MT
L3Harris Technologies Sells Antenna, Related Businesses for $200 Million	06-03	MT
Wells Fargo Adjusts Price Target on L3Harris Technologies to $262 From $245, Keeps Overweight Rating	06-03	MT
Transcript : L3Harris Technologies, Inc. Presents at Bernstein?s 40th Annual Strategic Decisions Conference, May-30-2024 09:56 AM	05-30
Viasat shares fall as slowing fixed broadband hurts revenue outlook	05-21	RE
Department of Defense Extends Sidus Space and L3Harris? Mentor-Protégé Program for A Second Year	05-21	CI
Norway sovereign wealth fund excludes three companies over ethical concerns	05-15	RE
Norges Bank excludes three companies from government pension fund	05-15	RE
Norges Bank Investment Mgmt Says Norges Bank Decided To Exclude Three Companies From Government Pension Fund Global	05-15	RE
3M shareholders vote down executives' pay packages in annual meeting	05-14	RE
Wells Fargo Raises Price Target on L3Harris Technologies to $245 From $238, Overweight Rating Maintained	05-06	MT
Melius Research Raises Price Target on L3Harris Technologies to $259 From $254	05-03	MT
Citigroup Adjusts Price Target on L3Harris Technologies to $253 From $245	05-01	MT
JPMorgan Adjusts Price Target on L3Harris Technologies to $250 From $240	05-01	MT
Barclays Raises Price Target on L3Harris Technologies to $245 From $238, Maintains Overweight Rating	04-30	MT
RBC Capital Raises L3Harris Technologies' Price Target to $250 From $245, Keeps Outperform Rating	04-29	MT
UBS Raises L3Harris Technologies Price Target to $240 From $233, Maintains Neutral Rating	04-29	MT
Alembic Global Adjusts Price Target on L3Harris Technologies to $251 From $238	04-29	MT
Bernstein Adjusts Price Target on L3Harris Technologies to $245 From $240	04-29	MT
Goldman Sachs Adjusts Price Target on L3Harris Technologies to $185 From $184	04-29	MT

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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

31/07/2024 - Q2 2024 Earnings Release (Projected)

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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

224.6 USD

Average target price

250.2 USD

Spread / Average Target

+11.43%

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Company calendar

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