L3Harris Technologies, Inc. provides mission-critical solutions for government and commercial customers worldwide. It operates through Space & Airborne Systems (SAS), Integrated Mission Systems (IMS), Communication Systems (CS), and Aerojet Rocketdyne (AR) segments. The SAS segment provides satellite space payloads, sensors, and full-mission solutions; classified intelligence and cyber; airborne combat systems; and mission networks for air traffic management operations. The IMS segment offers intelligence, surveillance, and reconnaissance (ISR) systems; passive sensing and targeting; electronic attack platforms; autonomy; power and communications; networks; and sensors. The CS segment provides tactical radios, software, waveforms, satellite terminals, and end-to-end battlefield systems for the U.S. Department of Defense, international, federal, and state agency customers; broadband communications; integrated vision solutions, including helmet-mounted integrated night vision goggles with image intensifier tubes and weapon-mounted sights, aiming lasers, and range finders; and public safety radios, and system applications and equipment. The AR segment offers propulsion technologies and armament systems for strategic defense, missile defense, hypersonic, and tactical systems; and space propulsion and power systems for national security space and exploration missions. 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 based in Melbourne, Florida.
Defense Tech Titan | L3Harris Technologies, a $42.3B market cap aerospace and defense leader, navigates growth challenges while leveraging strategic acquisitions and cost-saving initiatives |
Financial Fortitude | Explore L3Harris's mixed financial performance, with Q3 2024 showing 5% organic growth and EPS of $3.34, surpassing estimates amid industry headwinds |
Strategic Maneuvers | Delve into L3Harris's acquisition of Aerojet Rocketdyne and its LHX NeXT transformation program, aimed at enhancing market position and operational efficiency |
Analyst Outlook | Discover varied analyst perspectives, with price targets ranging from $240 to $274, reflecting mixed sentiment on L3Harris's growth potential and market positioning |
Metrics to compare | LHX | Sector Sector - Average of metrics from a broad group of related Industrials sector companies | Relationship RelationshipLHXPeersSector | |
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P/E Ratio | 29.7x | 48.5x | 12.7x | |
PEG Ratio | 0.68 | 1.12 | 0.03 | |
Price/Book | 2.6x | 6.7x | 1.4x | |
Price / LTM Sales | 2.4x | 3.2x | 1.2x | |
Upside (Analyst Target) | 14.9% | 8.2% | 15.8% | |
Fair Value Upside | Unlock | −8.9% | 6.5% | Unlock |