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L3Harris Technologies Inc (LHX)



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Upturn Advisory Summary
07/03/2025: LHX (3-star) is a STRONG-BUY. BUY since 46 days. Profits (16.17%). Updated daily EoD!
1 Year Target Price $262.31
1 Year Target Price $262.31
14 | Strong Buy |
5 | Buy |
6 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 25.5% | Avg. Invested days 52 | Today’s Advisory Strong Buy |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Large-Cap Stock | Market Capitalization 47.81B USD | Price to earnings Ratio 30.3 | 1Y Target Price 262.31 |
Price to earnings Ratio 30.3 | 1Y Target Price 262.31 | ||
Volume (30-day avg) 25 | Beta 0.75 | 52 Weeks Range 191.09 - 261.75 | Updated Date 07/4/2025 |
52 Weeks Range 191.09 - 261.75 | Updated Date 07/4/2025 | ||
Dividends yield (FY) 1.91% | Basic EPS (TTM) 8.44 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 7.55% | Operating Margin (TTM) 13.33% |
Management Effectiveness
Return on Assets (TTM) 4.06% | Return on Equity (TTM) 8.52% |
Valuation
Trailing PE 30.3 | Forward PE 24.33 | Enterprise Value 59136935464 | Price to Sales(TTM) 2.25 |
Enterprise Value 59136935464 | Price to Sales(TTM) 2.25 | ||
Enterprise Value to Revenue 2.78 | Enterprise Value to EBITDA 16.05 | Shares Outstanding 186946000 | Shares Floating 186121206 |
Shares Outstanding 186946000 | Shares Floating 186121206 | ||
Percent Insiders 0.34 | Percent Institutions 89.86 |
Upturn AI SWOT
L3Harris Technologies Inc

Company Overview
History and Background
L3Harris Technologies was formed in 2019 through the merger of L3 Technologies and Harris Corporation. Harris Corporation was founded in 1895. L3 Technologies was formed in 1997. The combined entity aims to be a leading global aerospace and defense technology innovator.
Core Business Areas
- Integrated Mission Systems: Provides a broad range of solutions in intelligence, surveillance, reconnaissance (ISR), and electronic warfare systems. This segment develops and manufactures sophisticated technologies for government and commercial customers.
- Space and Airborne Systems: Specializes in space-based payloads, sensors, and advanced communications systems. It offers solutions for satellite and airborne intelligence, surveillance, reconnaissance, and communication missions.
- Communication Systems: Delivers secure communication systems and equipment for government and commercial customers. This includes tactical radios, satellite communication terminals, and other networked solutions.
Leadership and Structure
Christopher E. Kubasik serves as the Chair and Chief Executive Officer. The company has a traditional hierarchical structure with various business segments reporting to executive leadership.
Top Products and Market Share
Key Offerings
- Space-Based Payloads: L3Harris develops and manufactures payloads for satellites. They are a major player in this growing market, competing with companies like Lockheed Martin, Boeing, and Northrop Grumman. Market share data is fragmented across specific payload types but estimated to be around 10-15% of the total addressable market. Revenue from this product is significant, but an exact number is not publicly available.
- Tactical Radios: L3Harris is a leading provider of tactical radios to the U.S. military and its allies. Key competitors include Thales, Elbit Systems, and Collins Aerospace. Market share estimated at 30-35% globally. Revenue from this segment is also significant and undisclosed.
- Electronic Warfare Systems: L3Harris designs and manufactures electronic warfare systems. These include jammers, sensors, and countermeasures. Competitors include Raytheon Technologies, BAE Systems, and Northrop Grumman. Specific market share is difficult to determine due to security sensitivities.
Market Dynamics
Industry Overview
The aerospace and defense industry is currently characterized by strong demand due to geopolitical instability and increased defense spending by governments worldwide. Technological advancements in areas such as artificial intelligence, cybersecurity, and space exploration are driving innovation and competition.
Positioning
L3Harris is positioned as a leading technology innovator in the aerospace and defense industry. Its competitive advantages include a broad portfolio of solutions, a strong customer base, and a commitment to research and development.
Total Addressable Market (TAM)
The global aerospace and defense market is estimated to be worth over $800 billion annually. L3Harris is well positioned to capture a significant share of this TAM through its diverse product offerings and strong customer relationships.
Upturn SWOT Analysis
Strengths
- Broad portfolio of aerospace and defense solutions
- Strong customer relationships with the U.S. government and its allies
- Significant investment in research and development
- Experienced management team
- Global presence
Weaknesses
- Dependence on government contracts
- Integration challenges following the L3 and Harris merger
- Exposure to cybersecurity risks
- Potential for cost overruns on large contracts
Opportunities
- Increased defense spending by governments worldwide
- Growing demand for advanced technologies in areas such as artificial intelligence and cybersecurity
- Expansion into new markets, such as commercial space exploration
- Strategic acquisitions to expand capabilities and market share
Threats
- Budget cuts by governments
- Increased competition from other aerospace and defense companies
- Geopolitical instability
- Supply chain disruptions
Competitors and Market Share
Key Competitors
- RTX
- BAE.L
- NOC
Competitive Landscape
L3Harris competes with other major aerospace and defense companies on the basis of technology, price, and customer service. L3Harris's strengths include its broad portfolio of solutions and its strong customer relationships. Disadvantages may include post-merger integration challenges.
Major Acquisitions
AOC Technologies
- Year: 2023
- Acquisition Price (USD millions): 275
- Strategic Rationale: Enhance advanced mission management and electronic warfare capabilities
Growth Trajectory and Initiatives
Historical Growth: L3Harris has experienced growth through organic expansion and strategic acquisitions. The L3 and Harris merger has created a larger and more diversified company with enhanced growth potential.
Future Projections: Analyst projections vary depending on the economic outlook and industry trends. Future growth is expected to be driven by increased defense spending, technological advancements, and strategic initiatives.
Recent Initiatives: Recent initiatives include investments in research and development, strategic acquisitions, and efforts to improve operational efficiency.
Summary
L3Harris is a major player in the aerospace and defense industry with strong government relationships. They offer a diverse portfolio and are positioned for growth given current geopolitical trends. Post-merger integration continues to be a focus as is management of government contracts. They need to stay ahead on technology and cost management.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings (10-K, 10-Q)
- Analyst Reports
- Industry Publications
- Company Website
Disclaimers:
This analysis is for informational purposes only and should not be considered investment advice. Market conditions and company performance can change rapidly. All financial figures should be verified.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About L3Harris Technologies Inc
Exchange NYSE | Headquaters Melbourne, FL, United States | ||
IPO Launch date 1981-12-31 | Chairman & CEO Mr. Christopher E. Kubasik CPA | ||
Sector Industrials | Industry Aerospace & Defense | Full time employees 47000 | Website https://www.l3harris.com |
Full time employees 47000 | Website https://www.l3harris.com |
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.
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