LHX Stock Recent News

L3Harris Technologies is outperforming the market, driven by a strong defense sector and successful strategic moves, including the Aerojet Rocketdyne acquisition. The company's diversified portfolio, improving margins, and expanding backlog position it well for future growth, with expectations of strong EPS and dividend increases. Despite market volatility, L3Harris's attractive valuation and financial strength make it a compelling investment, with the potential for significant long-term returns.

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.

New 5-year agreement supports L3Harris' Space Business beyond Firefly's existing agreement for three L3Harris launches in 2026 CEDAR PARK, Texas, Aug. 7, 2024 /PRNewswire/ -- Firefly Aerospace, Inc., an end-to-end space transportation company, today announced it signed a multi-launch agreement with L3Harris Technologies (NYSE: LHX) for up to 20 launches on Firefly's Alpha rocket, including two to four missions per year from 2027 to 2031 depending on customer needs. The new agreement is in addition to Firefly's existing multi-launch agreement with L3Harris for three Alpha missions in 2026.

Due to milestones like NASA's Artemis 2 Moon orbit in late 2024, space stocks remain popular. Astronauts are already preparing for this voyage toward a permanent Moon presence.

Does L3Harris (LHX) have what it takes to be a top stock pick for momentum investors? Let's find out.

L3Harris' (LHX) second-quarter earnings top the Zacks Consensus Estimate, while revenues rise year over year. The company increases its 2024 earnings outlook.

L3Harris Technologies, Inc. (NYSE:LHX ) Q2 2024 Earnings Conference Call July 26, 2024 8:30 AM ET Company Participants Daniel Gittsovich - VP, IR Christopher E. Kubasik - Chair and CEO Kenneth L.

While the top- and bottom-line numbers for L3Harris (LHX) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

L3Harris (LHX) came out with quarterly earnings of $3.24 per share, beating the Zacks Consensus Estimate of $3.18 per share. This compares to earnings of $2.97 per share a year ago.

L3Harris raised its outlook for 2024 after beating Wall Street estimates for second-quarter profit on Thursday, betting on sustained weapons demand and robust defense spending amid escalating global security concerns.