L3Harris secures $214 million orders from Germany

ROCHESTER, N.Y. - L3Harris Technologies (NYSE: LHX), a prominent player in the Aerospace & Defense industry with a market capitalization of $40.37 billion and annual revenue of $21.25 billion, has secured multiple orders from Germany as part of the country’s Digitalization – Land Based Operations (D-LBO) program. The orders, which are expected to reach a total of $214 million, involve the delivery of interoperable communication systems aimed at enhancing the operational capabilities of the German armed forces.

The communication solutions provided by L3Harris are designed to be resilient, leveraging battle-tested hardware and robust waveform technology. These systems are intended to make the German armed forces more operationally efficient and enable coalition interoperability, a critical factor in ensuring effective coordination among allies.

Sam Mehta, President of Communication Systems at L3Harris, emphasized the importance of resilient and immediate communication among allies in countering threats. He stated, "We are proud to support our NATO ally with our trusted communications technology, which has demonstrated its value in the field by protecting soldiers and networks at the tactical edge."

These recent orders for Germany come on the heels of other awards L3Harris has received for its Falcon® radios, including orders from the Netherlands’ FOXTROT program and the U.S. Army’s HMS program.

L3Harris Technologies positions itself as the "Trusted Disruptor" in the defense industry, focusing on delivering comprehensive technology solutions that span various domains, including space, air, land, sea, and cyber, with the goal of addressing national security concerns.

The company’s statement includes forward-looking remarks regarding order values and potential future performance, which are inherently subject to risks and uncertainties. L3Harris has clarified that these statements are based on management’s current expectations and are made under the safe harbor provisions of relevant securities laws. According to InvestingPro data, the company maintains strong financial metrics with a PEG ratio of 0.69, suggesting attractive valuation relative to growth. Subscribers to InvestingPro can access comprehensive analysis, including 6 additional ProTips and detailed financial health scores.

The information provided in this article is based on a press release statement from L3Harris Technologies. Based on InvestingPro’s Fair Value analysis, L3Harris currently appears undervalued, presenting a potential opportunity for investors. For detailed insights and access to the comprehensive Pro Research Report covering L3Harris and 1,400+ other US stocks, consider exploring undervalued opportunities through an InvestingPro subscription.

In other recent news, L3Harris Technologies reported its first-quarter 2025 financial results, which showed a mixed performance. The company exceeded earnings expectations with an earnings per share (EPS) of $2.41, surpassing the forecasted $2.32, but its revenue of $5.13 billion fell short of the projected $5.22 billion. Despite the revenue miss, L3Harris maintained its revenue guidance for 2025, projecting between $21.4 billion and $21.7 billion. The company also outlined ongoing strategic initiatives targeting $1.2 billion in savings. In light of these developments, Bernstein SocGen raised L3Harris’s stock target from $267 to $273, maintaining an Outperform rating. Analyst Douglas Harned from Bernstein SocGen expressed confidence in the company’s fundamentals despite the impact of strategic divestitures. L3Harris continues to focus on its defense technologies and international contracts, aiming for a revenue target of $23 billion by 2026. The company returned nearly $800 million to shareholders through share repurchases and dividends in the first quarter.

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