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L3Harris Technologies, Inc. provides mission-critical solutions for government and commercial customers worldwide. The company’s Integrated Mission Systems segment provides intelligence, surveillance, and reconnaissance (ISR) systems, passive sensing and targeting, electronic attack, autonomy, power and communications, and networks and sensors, as well as advanced combat systems for air, land, and sea sectors. Its Space and Airborne Systems segment offers space payloads, sensors, and full-mission solutions; classified intelligence and cyber; mission avionics; electronic warfare systems; and mission networks systems for air traffic management operations. The company’s Communication Systems segment provides broadband communications; tactical radios, software, satellite terminals, and end-to-end battlefield systems for the U.S. Department of Defense, international, federal, and state agency customers; integrated vision solutions, including helmet-mounted integrated night vision goggles with leading-edge image intensifier tubes and weapon-mounted sights, aiming lasers, and range finders; and public safety radios, and system applications and equipment. Its Aerojet Rocketdyne segment provides propulsion technologies and armament systems for strategic defense, missile defense, hypersonic, and tactical systems; and space propulsion and power systems for national security, and 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.
Defense Dynamics | L3Harris Technologies showcases mixed performance in aerospace and defense, with strong Q3 results but slower organic growth compared to industry peers |
Financial Fortitude | Company raises 2024 outlook and targets 16%+ margins by 2026, demonstrating confidence in cost-saving initiatives and operational efficiency |
Market Positioning | Explore L3Harris's competitive stance in key segments like Communication Systems and Integrated Mission Systems, driving revenue growth |
Analyst Perspectives | Price targets range from $240 to $274, reflecting varied views on L3Harris's growth potential and market challenges in the defense secto |
Metrics to compare | LHX | Sector Sector - Average of metrics from a broad group of related Industrials sector companies | Relationship RelationshipLHXPeersSector | |
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P/E Ratio | 35.1x | 31.3x | 11.8x | |
PEG Ratio | −1.89 | 0.54 | 0.03 | |
Price/Book | 2.2x | 2.6x | 1.4x | |
Price / LTM Sales | 2.0x | 2.1x | 1.2x | |
Upside (Analyst Target) | 28.1% | 26.2% | 20.5% | |
Fair Value Upside | Unlock | 5.6% | 6.2% | Unlock |