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L3Harris Technologies Inc (LHX)

Upturn stock ratingUpturn stock rating
$255.73
Last Close (24-hour delay)
Profit since last BUY16.17%
upturn advisory
Strong Buy
BUY since 46 days
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Upturn Stock infoUpturn Stock info Stock price based on last close
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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!

Upturn Star Rating

rating

Moderate Performance

These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.

Number of Analysts

rating

25 Analysts rated it

Well-followed company, solid analyst reports, reliable data for confident investing.

1 Year Target Price $262.31

1 Year Target Price $262.31

Analysts Price Target For last 52 week
$262.31 Target price
52w Low $191.09
Current$255.73
52w High $261.75

Analysis of Past Performance

Type Stock
Historic Profit 25.5%
Avg. Invested days 52
Today’s Advisory Strong Buy
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 4.0
Stock Returns Performance Upturn Returns Performance 3.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 07/03/2025

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

ai summary icon Upturn AI SWOT

L3Harris Technologies Inc

stock logo

Company Overview

overview logo 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.

business area logo 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 logo 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

overview logo 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 logo 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

competitor logo 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.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization 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
Full time employees 47000

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.