LHX Stock Recent News

L3Harris Technologies, Inc. (NYSE:LHX ) Q4 2024 Earnings Conference Call January 30, 2025 10:30 AM ET Company Participants Daniel Gittsovich - Vice President of Investor Relations Christopher Kubasik - Chairman and Chief Executive Officer Kenneth Bedingfield - Senior Vice President and Chief Financial Officer Conference Call Participants Peter Arment - Robert W. Baird & Co., Inc. Myles Walton - Wolfe Research Douglas Harned - Sanford C.

LHX's total revenues in the fourth quarter of 2024 beat the Zacks Consensus Estimate by 0.3%. The top line also increases 3.4% from the year-ago level.

Although the revenue and EPS for L3Harris (LHX) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

L3Harris (LHX) came out with quarterly earnings of $3.47 per share, beating the Zacks Consensus Estimate of $3.43 per share. This compares to earnings of $3.35 per share a year ago.

L3Harris Technologies forecast 2025 sales above estimates and posted higher-than-expected fourth-quarter results on Thursday, bolstered by strong demand for weapons due to higher defense spending amid global geopolitical tensions.

LHX stock has a four-quarter average earnings surprise of 2.78%. Solid sales and operating margin must have boosted its Q4 earnings.

L3Harris Technologies, formed in 2019, is a multi-domain aerospace and defense specialist with strong growth prospects in communications, ISR, avionics, rocket motors, and cybersecurity. The company reported Q3 revenues of $5.3 billion and $833 million in adjusted operating profits, with a robust backlog of $34 billion. Analysts expect L3Harris to achieve high-end 2024 guidance with $21.3 billion in sales and EPS of $13.06, indicating strong growth potential.

L3Harris (LHX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

LONDONDERRY, N.H.--(BUSINESS WIRE)--L3Harris Technologies (NYSE: LHX) has received a $263 million order from the U.S. Army for continued production of the Enhanced Night Vision Goggle – Binocular (ENVG-B). This is the second order under the full-scale production Indefinite Delivery, Indefinite Quantity program, following a similar award earlier this year. “Our innovative fused night-vision technology provides U.S. soldiers the most sophisticated capability available to identify and engage targe.

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE: LHX) today announced Ken Bedingfield, 52, has been appointed President, Aerojet Rocketdyne, effective Feb. 3, 2025, in addition to his responsibilities as L3Harris' Chief Financial Officer. He succeeds Ross Niebergall, who will remain with the company to support a seamless transition before retiring. Sam Mehta's role will be expanded to lead enterprise Strategic Collaboration Agreements while continuing to lead the Communication Sys.