0.05%
0.85%
-14.31%
-6.54%
1.75%
1.32%
-4.19%
AI Spotlight on LHX
Company Description
L3Harris Technologies, Inc., an aerospace and defense technology company, provides mission-critical solutions for government and commercial customers worldwide.The company's Integrated Mission Systems segment provides multi-mission intelligence, surveillance, and reconnaissance (ISR) systems; and communication systems, as well as fleet management support, sensor development, modification, and periodic depot maintenance services for ISR and airborne missions.It also manufactures and integrates mission systems for maritime platforms, such as signals intelligence and multi-intelligence platforms; unmanned surface and undersea autonomous solutions; and power and ship control systems and other electronic and electrical products and systems.
In addition, this segment offers advanced electro-optical and infrared solutions.Its Space and Airborne Systems segment offers space payloads, sensors, and full-mission solutions; classified intelligence and cyber defense solutions; mission avionics; and electronic warfare systems.The company's Communication Systems segment provides tactical communications; broadband secured mobile networked communication equipment, including airborne, space, and surface data link terminals, ground stations, and transportable tactical satellite communication (SATCOM) systems for use in manned aircraft, unmanned aerial vehicles, and naval ships; and helmet and weapon mounted integrated night vision systems.
This segment also offers radios, systems applications, and equipment for critical public safety and professional communications; and SATCOM terminals and battlefield management networks.Its Aviation Systems segment offers defense aviation products; commercial pilot training; and mission networks solutions for air traffic management.The company was formerly known as Harris Corporation and changed its name to L3Harris Technologies, Inc.
in June 2019.L3Harris Technologies, Inc.was founded in 1895 and is headquartered in Melbourne, Florida.
Market Data
| Last Price | 212.06 |
| Change Percentage | 0.05% |
| Open | 207.4 |
| Previous Close | 211.95 |
| Market Cap ( Millions) | 40221 |
| Volume | 1488366 |
| Year High | 265.74 |
| Year Low | 200.18 |
| M A 50 | 224.61 |
| M A 200 | 228.58 |
Financial Ratios
| FCF Yield | 4.46% |
| Dividend Yield | 2.19% |
| ROE | 6.35% |
| Debt / Equity | 5.90% |
| Net Debt / EBIDTA | 13.82% |
| Price To Book | 2.05 |
| Price Earnings Ratio | 33.31 |
| Price To FCF | 22.44 |
| Price To sales | 1.9 |
| EV / EBITDA | 10.44 |
News
- Jan -30 - L3Harris Technologies, Inc. (LHX) Q4 2024 Earnings Call Transcript
- Jan -30 - L3Harris Q4 Earnings Surpass Estimates, Revenues Increase Y/Y
- Jan -30 - L3Harris (LHX) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
- Jan -30 - L3Harris (LHX) Q4 Earnings and Revenues Surpass Estimates
- Jan -30 - L3Harris forecasts upbeat annual sales on strong defense demand
- Jan -27 - Will Segmental Sales Bolster L3Harris Technologies Stock in Q4 Earnings?
- Jan -26 - L3Harris Technologies: A Rare Undervalued U.S. Aerospace And Defense Stock To Buy
- Jan -21 - US Army Awards L3Harris Second Full-Scale ENVG-B Production Order
- Jan -21 - L3Harris Names New Aerojet Rocketdyne President, Expands Leadership Roles
- Jan -15 - L3Harris: Now Is The Time To Buy This Dividend Heavyweight
- Jan -14 - Trillion-Dollar Shakeup: 3 Dividend Gems I Love In This Market
- Jan -06 - L3Harris Sets Date for Fourth Quarter 2024 Earnings Release
- Jan -06 - L3Harris Completes Sale of Specialized Materials Business to BWXT for Approximately $100 Million
- Jan -06 - BWXT Completes Acquisition of L3Harris' A.O.T. Business
- Jan -02 - Got $5,000? These 3 Stocks Are Absurdly Cheap Buys Heading Into 2025
- Dec -20 - Buy These 5 3D Printing Stocks to Strengthen Your Portfolio for 2025
- Dec -17 - LHX or EADSY: Which Is the Better Value Stock Right Now?
- Dec -17 - After Plunging -9.1% in 4 Weeks, Here's Why the Trend Might Reverse for L3Harris (LHX)
- Dec -10 - L3Harris Is Likely To Benefit From Increased Defense Spending Amid U.S.-China Tensions
- Dec -09 - Red, White, And Wealth: Building An All-American Dividend Portfolio
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Space & Airborne Systems
Expected Growth : 4.5 %
What the company do ?
L3Harris Technologies' Space and Airborne Systems segment provides advanced solutions for space, airborne, and ground-based systems, including satellites, sensors, and communication systems.
Why we expect these perspectives ?
L3Harris' Space & Airborne Systems segment growth is driven by increasing demand for advanced satellite communications, surveillance, and navigation systems. The segment benefits from the company's strong relationships with government agencies, such as NASA and the US Department of Defense, as well as its investments in research and development to stay ahead of emerging threats and opportunities.
Segment n°2 -> Integrated Mission Systems
Expected Growth : 4.8 %
What the company do ?
Integrated Mission Systems from L3Harris Technologies, Inc. provide advanced solutions for defense, intelligence, and commercial customers, integrating sensors, communications, and mission systems for enhanced situational awareness.
Why we expect these perspectives ?
L3Harris Technologies' Integrated Mission Systems segment growth is driven by increasing demand for advanced communication systems, electronic warfare capabilities, and intelligence, surveillance, and reconnaissance (ISR) solutions. The company's expertise in integrating complex systems and its strong relationships with government agencies and defense contractors also contribute to its growth.
Segment n°3 -> Communication Systems
Expected Growth : 4.2 %
What the company do ?
L3Harris Technologies' Communication Systems provide advanced, secure, and reliable communication solutions for military, government, and commercial customers, enabling seamless information exchange.
Why we expect these perspectives ?
L3Harris Technologies' Communication Systems segment growth is driven by increasing demand for advanced communication networks, rising adoption of 5G and satellite communications, and growing need for secure communication solutions in the defense and public safety sectors, as well as expanding presence in international markets.
Segment n°4 -> Aerojet Rocketdyne
Expected Growth : 5.2 %
What the company do ?
Aerojet Rocketdyne, a subsidiary of L3Harris Technologies, Inc., is a leading manufacturer of aerospace and defense products, including rocket engines and missiles.
Why we expect these perspectives ?
Aerojet Rocketdyne's 5.2% growth is driven by increasing demand for space exploration and national security, coupled with L3Harris Technologies' strategic investments in hypersonic and missile defense systems. Additionally, the company's focus on cost reduction and operational efficiency has improved profitability, enabling investments in research and development to drive future growth.
Segment n°5 -> Corporate
Expected Growth : 4.0 %
What the company do ?
L3Harris Technologies, Inc. is a global aerospace and defense technology innovator, providing advanced solutions for government and commercial customers.
Why we expect these perspectives ?
L3Harris Technologies, Inc.'s corporate segment growth of 4.0% is driven by increasing demand for advanced communication systems, expansion in the unmanned aerial vehicle (UAV) market, and strategic acquisitions. Additionally, the company's focus on innovation, cost savings initiatives, and a strong order backlog contribute to its growth momentum.
L3Harris Technologies, Inc. Products
| Product Range | What is it ? |
|---|---|
| Aviation Systems | L3Harris Technologies provides a range of aviation systems, including communication systems, navigation systems, and surveillance systems for military and commercial aircraft. |
| C6ISR Systems | L3Harris Technologies offers a range of C6ISR (Command, Control, Communications, Computers, Cyber-Effects, and Intelligence, Surveillance, and Reconnaissance) systems for military and government agencies. |
| Electronic Systems | L3Harris Technologies provides electronic systems, including electronic warfare, night vision, and communication systems for military and defense applications. |
| Geospatial Solutions | L3Harris Technologies offers geospatial solutions, including satellite imaging, mapping, and analytics for government and commercial customers. |
| Mission Networks | L3Harris Technologies provides mission networks, including communication networks, data links, and satellite communications for military and government agencies. |
| Space and Airborne Systems | L3Harris Technologies offers space and airborne systems, including satellites, payloads, and sensors for government and commercial customers. |
| Training and Simulation | L3Harris Technologies provides training and simulation solutions, including flight simulators, ground simulators, and virtual training systems for military and commercial customers. |
L3Harris Technologies, Inc.'s Porter Forces
Threat Of Substitutes
L3Harris Technologies, Inc. operates in a niche market with high barriers to entry, reducing the threat of substitutes. However, the company's products and services can be substituted with those of its competitors, posing a moderate threat.
Bargaining Power Of Customers
L3Harris Technologies, Inc. has a diverse customer base, including government agencies and commercial customers. The company's customers have limited bargaining power due to the specialized nature of its products and services.
Bargaining Power Of Suppliers
L3Harris Technologies, Inc. relies on a network of suppliers for components and materials. While the company has some bargaining power due to its size and scale, suppliers may still exert some pressure on prices and delivery terms.
Threat Of New Entrants
The defense and aerospace industry has high barriers to entry, including significant capital requirements and regulatory hurdles. New entrants would face significant challenges in competing with established players like L3Harris Technologies, Inc.
Intensity Of Rivalry
The defense and aerospace industry is highly competitive, with several established players competing for contracts and market share. L3Harris Technologies, Inc. faces intense rivalry from companies like Lockheed Martin, Boeing, and Raytheon Technologies.
Strength
Capital Structure
| Value | |
|---|---|
| Debt Weight | 40.93% |
| Debt Cost | 3.97% |
| Equity Weight | 59.07% |
| Equity Cost | 7.13% |
| WACC | 5.83% |
| Leverage | 69.29% |
L3Harris Technologies, Inc. : Quality Control
L3Harris Technologies, Inc. passed 3 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| GE | General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems. It also offers aftermarket services … |
| NOC | Northrop Grumman Corporation operates as an aerospace and defense company worldwide. The company's Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems. This segment also offers unmanned autonomous … |
| HEI | HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services in the United States and internationally. The company's Flight Support Group segment provides … |
| RTX | Raytheon Technologies Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers worldwide. It operates through four segments: Collins Aerospace Systems, Pratt & … |
| LMT | Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. It operates through four segments: … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
🥇
Lockheed Martin
A-Score
1-Year Total Return ->
🥈
L3Harris
A-Score
1-Year Total Return ->
🥉
Raytheon Technologies
A-Score
1-Year Total Return ->
4
HEICO
A-Score
1-Year Total Return ->
5
Northrop Grumman
A-Score
1-Year Total Return ->
6
