L3Harris Technologies' (LHX) Q1 revenues surge more than 100% year over year driven by post-merger inclusion of L3 operations.
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.
L3Harris Technologies, Inc. (NYSE:LHX) reported first quarter 2020 revenue of $4.6 billion, up 168% and 5% versus prior-year GAAP and pro forma1, respectively. GAAP EPS was $0.99, down 51% versus prior-year GAAP and down 43% versus prior-year pro forma. Non-GAAP EPS2 was $2.80, up 21% versus prior-year adjusted pro forma. Net income was $194 million, down 20% and 52% versus prior-year GAAP and pro forma, respectively. Adjusted earnings before interest and taxes (EBIT)2 was $808 million, up 17% versus prior-year adjusted pro forma, and margin increased 170 basis points (bps) to 17.5%.
Aerospace and defense company lowers full-year revenue outlook due to coronavirus Continue reading...
L3Harris Technologies awarded third LRIP order on U.S. Army’s HMS Manpack IDIQ contract.
L3Harris Technologies (NYSE: LHX) today announced the final results and settlement of the previously announced offers to exchange all of the outstanding notes issued by L3Harris as set forth in the table below for an equal principal amount of new notes registered under the Securities Act of 1933, as amended.
L3Harris Technologies (NYSE:LHX) will host a conference call on Tuesday, May 5, 2020, at 9 a.m. Eastern Time (ET) to discuss its first quarter calendar year 2020 financial results.
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L3Harris Technologies (NYSE:LHX) has had a rough three months with its share price down 22%. However, stock prices are...
L3Harris (LHX) Q1 results are expected to reflect merger-related synergies as well as lower costs
Adaptas Solutions, LLC, a leader in mass spectrometry and analytical instrument contract design and manufacturing, completed the previously announced acquisition of L3Harris Technologies' (NYSE: LHX) Applied Kilovolts and Analytical Instrumentation business.
The Board of Directors of L3Harris Technologies (NYSE:LHX) has declared a quarterly cash dividend of 85 cents per share on the common stock, payable June 16, 2020, to shareholders of record as of the close of business on June 2, 2020.
U.S. Space Force awards L3Harris Technologies $500 million IDIQ contract for Anti-Jam Satellite Communications Modem.
Newly released documents show U.S. immigration authorities have used a secretive cell phone snooping technology hundreds of times across the U.S. in the past three years. The documents, obtained through a public records lawsuit by the American Civil Liberties Union and seen by TechCrunch, show that U.S. Immigration and Customs Enforcement (ICE) deployed cell site simulators — known as stingrays — at least 466 times between 2017 and 2019, which led to dozens of arrests and apprehensions. Although the numbers offer a rare insight into how often ICE uses this secretive and controversial technology, the documents don't say how many Americans also had their phones inadvertently ensnared by these surveillance devices.
L3Harris Technologies (NYSE:LHX) today completed the previously announced sale of its airport security and automation business to Leidos (NYSE:LDOS) for $1 billion.
Image source: The Motley Fool. L3Harris Technologies (NYSE: LHX)Q1 2020 Earnings CallMay 05, 2020, 9:00 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGreetings, and welcome to the L3Harris Technologies first-quarter calendar-year 2020 earnings call.
L3Harris Technologies (NYSE:LHX) Chairman and CEO William M. Brown and Senior Vice President and Chief Financial Officer Jay Malave will participate in Bernstein’s 36th Annual Strategic Decisions Conference via audio call on Thursday, May 28, 2020.
A photo is available on Business Wire's website and the Associated Press Photo Network of L3Harris employees Raymond Gremminger and Joan Weathers in Waco, Texas combining the spirit of Earth Day with COVID-19 relief support by recycling surplus materials to produce cloth face masks for fellow employees and customers throughout the United States. Company employees are participating in a wide range of Earth Day initiatives to showcase their commitment to reduce, reuse and recycle materials at L3Harris’ more than 400 locations worldwide.
Over the past five trading sessions, the defense biggies put up a mixed show.While General Dynamics gained the most, with its share price rising 5.9%, L3Harris lost the most.
MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) is accelerating more than $100 million in payments to small business suppliers nationwide – supporting companies that play a critical role in sustaining regional economies and ensure the nation’s security.