L3Harris Technologies, Inc. (LHX) Stock

About L3Harris Technologies, Inc.

L3Harris Technologies, Inc. is a prominent technology firm specializing in aerospace and defense, delivering vital, high-stakes solutions to governmental and commercial clients across the globe. Its diverse operations are organized into several key segments: The Integrated Mission Systems division is responsible for providing versatile intelligence, surveillance, and reconnaissance (ISR) platforms, alongside various communication technologies. This unit also offers comprehensive support for fleet management, as well as the development, modification, and routine maintenance of sensors for ISR and airborne operations. Furthermore, it develops and integrates specialized mission systems tailored for naval vessels and maritime operations, including sophisticated signals and multi-intelligence platforms, autonomous surface and undersea vehicles, and advanced power and ship control electronics. Cutting-edge electro-optical and infrared technologies are also part of its offerings. The Space and Airborne Systems segment is dedicated to providing sophisticated space payloads, advanced sensor technologies, and complete mission solutions for space-based operations. It also offers secure intelligence and robust cyber defense capabilities, specialized avionics for mission-specific applications, and state-of-the-art electronic warfare systems. The Communication Systems division delivers reliable tactical communication tools and secure, broadband mobile networked communication devices. This encompasses airborne, space, and surface data link terminals, ground stations, and portable tactical satellite communication (SATCOM) systems designed for manned aircraft, unmanned aerial vehicles (UAVs), and naval vessels. The segment also produces integrated night vision systems, mountable on helmets and weapons, along with radio systems, applications, and equipment essential for critical public safety and professional communication needs. Additionally, it supplies SATCOM terminals and integrated battlefield management networks. Finally, the Aviation Systems segment focuses on defense-oriented aviation products, training for commercial pilots, and mission-critical network solutions for effective air traffic management. Originally established in 1895 as Harris Corporation, the company adopted its current name, L3Harris Technologies, Inc., in June 2019. Its headquarters are located in Melbourne, Florida.

L3Harris Technologies, Inc. is led by CEO Christopher E. Kubasik, employs 47,000 people, headquartered in Melbourne, US, publicly traded since 1981.

L3Harris Technologies, Inc. (LHX) stock trades at $297.53 with a market capitalization of $55.43B. The stock is valued at a price-to-earnings (P/E) ratio of 32.50, price-to-book of 2.92, price-to-sales of 2.56. Over the past 52 weeks the stock has ranged between $243.84 and $379.23, and currently trades 21.5% below its 52-week high. It pays a dividend yielding 1.57%.

On profitability, L3Harris Technologies, Inc. generates a return on equity (ROE) of 8.18%, return on capital employed of 10.95%, an operating margin of 9.83%, a net profit margin of 7.71%.

In its most recent fiscal year, L3Harris Technologies, Inc. reported annual revenue of $21.9B, net profit of $1.6B, revenue has compounded at 3.7% a year over the last five years, profit at 7.5% a year. Profit growing faster than revenue points to expanding margins.

The balance sheet shows a debt-to-equity ratio of 0.11 — a conservative balance sheet with little leverage risk, a current ratio of 1.19, total assets of $41.2B, $1.1B in cash and equivalents.

LHX has an average daily trading volume of 1,370,785 shares, a beta of 0.75 (less volatile than the overall market).

Official website: www.l3harris.com