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L3Harris lifted the upper-end of its annual adjusted profit target on Thursday, betting on sustained weapons demand and robust defense spending amid escalating global security concerns.
U.S. defense contractor L3Harris Technologies Inc will cut 5% of its workforce this year as part of a cost saving measure, CEO Chris Kubasik said in an email to employees seen by Reuters on Tuesday.
L3Harris' (LHX) Q1 results are likely to benefit from solid sales volume growth and positive synergies from the Aerojet Rocketdyne acquisition amid the adverse impacts of higher interest expenses.
3M Co. may be poised to reduce its dividend after a multi-year slide in its stock price, as the company grapples with litigation related to “forever chemicals” and faulty earplugs sold to the U.S. Military, CFRA said.
Finding stocks expected to beat quarterly earnings estimates becomes an easier task with our Zacks Earnings ESP.
L3Harris (LHX) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
L3Harris' (LHX) divestment of its antenna and related business will be accretive to its capital deployment plans.
Gone are the days of cheaply made missiles and artillery shells. Today, nearly every Western-produced weapons system relies on critical semiconductors and microchips to function.
The battle for space dominance is on, with a wide range of publicly traded firms looking to make their mark on worlds beyond Earth. Undoubtedly, the space stocks are exciting, with the potential to offer out-of-this-world growth potential if they can get things right.
Russia's war industry is expanding rapidly, with defense spending rising and the country's GDP reaching an all-time high. The US and global defense spending, in general, is also increasing, and top defense contractors will likely benefit. Raytheon/RTX Corp., L3Harris, and Boeing are my top defense stock picks due to their strong growth potential and profitability prospects in the coming years.