L3Harris Technologies Reports Fourth Quarter and Full-Year 2024 Results, Initiates 2025 Guidance
L3Harris Technologies (
NYSELHX) reported fourth quarter 2024 diluted EPS of $2.37 on fourth quarter 2024 revenue of $5.5 billion. Fourth quarter 2024 non-GAAP diluted EPS was $3.47. Fourth quarter results reflect growth in the business and continued operational efficiencies driving margin improvement. Reconciliations of non-GAAP results are detailed in tables beginning on page 13.
US Army Awards L3Harris Nearly $300 Million for Resilient Communications Program
The U.S. Army has awarded L3Harris Technologies (
NYSELHX) full-rate Manpack and Leader radio production orders under the Handheld, Manpack & Small Form Fit (HMS) program totaling nearly $300 million.
US Army Awards L3Harris Second Full-Scale ENVG-B Production Order
L3Harris Technologies (
NYSELHX) has received a $263 million order from the U.S. Army for continued production of the Enhanced Night Vision Goggle – Binocular (ENVG-B). This is the second order under the full-scale production Indefinite Delivery, Indefinite Quantity program, following a similar award earlier this year.
L3Harris Names New Aerojet Rocketdyne President, Expands Leadership Roles
L3Harris Technologies (
NYSELHX) today announced Ken Bedingfield, 52, has been appointed President, Aerojet Rocketdyne, effective Feb. 3, 2025, in addition to his responsibilities as L3Harris’ Chief Financial Officer. He succeeds Ross Niebergall, who will remain with the company to support a seamless transition before retiring.
L3Harris CEO Provides DOGE’s Musk and Ramaswamy Recommendations to Modernize National Defense Ecosystem
L3Harris Technologies (
NYSELHX) Co-founder, Chair and CEO Christopher E. Kubasik penned an open letter today to the leaders of the Department of Government Efficiency (DOGE) with recommendations to modernize America’s national defense ecosystem.
L3Harris Sets Date for Fourth Quarter 2024 Earnings Release
L3Harris Technologies (
NYSELHX) will release its fourth quarter 2024 financial results before market opens on Thursday, Jan. 30, 2025.
L3Harris Completes Sale of Specialized Materials Business to BWXT for Approximately $100 Million
L3Harris Technologies (
NYSELHX) has completed the sale of its specialized materials business, Aerojet Ordnance Tennessee, Inc. (A.O.T.), to BWX Technologies, Inc.
NYSE: BWXTNYSEBWXT)
US Navy Awards L3Harris Nearly $1 Billion IDIQ Contract
L3Harris Technologies (
NYSELHX) has received an indefinite delivery, indefinite quantity award from the U.S. Navy, worth up to $999 million, to provide U.S. and coalition forces with resilient communications technology.
L3Harris Electronic Warfare System Completes Safety of Flight Testing
L3Harris Technologies (
NYSELHX) has completed Safety of Flight (SOF) qualification on its Viper Shield™ all-digital electronic warfare (EW) suite for F-16 fighter jets. The company will provide the advanced capability to F-16 fleets for six international partners.
L3Harris to Present at Upcoming Investor Conferences
L3Harris Technologies (
NYSELHX) Chair and CEO Christopher E. Kubasik and Chief Financial Officer Ken Bedingfield will present at Baird’s Global Industrial Conference at 10:50 a.m. ET on Tuesday, Nov. 12, in Chicago. The presentation will stream live on the L3Harris website with a recording available following the event.
L3Harris Technologies Reports Strong Third Quarter 2024 Results, Increases 2024 Guidance
L3Harris Technologies (
NYSELHX) reported third quarter 2024 diluted EPS of $2.10, an increase of 4% from third quarter 2023, on third quarter 2024 revenue of $5.3 billion, an increase of 8%. Third quarter 2024 non-GAAP diluted EPS was $3.34, a 5% increase from third quarter 2023. A reconciliation of non-GAAP results are detailed in tables beginning on page 11.
L3Harris and Palantir Announce Strategic Partnership
L3Harris Technologies (
NYSELHX) and Palantir Technologies Inc.
NYSE: PLTRNYSEPLTR)
L3Harris Announces Quarterly Dividend
The Board of Directors of L3Harris Technologies (
NYSELHX) has declared a quarterly cash dividend of $1.16 per common share, payable Dec. 6, 2024, to shareholders of record as of the close of business Nov. 18, 2024.
L3Harris Appoints Trane Technologies Chair and CEO Dave Regnery to Board of Directors
L3Harris Technologies (
NYSELHX) today announced that David S. Regnery, Chair and Chief Executive Officer of Trane Technologies plc, has been appointed to its Board of Directors.
L3Harris Introduces New Autonomous Ground Vehicle
L3Harris Technologies (
NYSELHX) debuted its new autonomous reconnaissance and security vehicle system, Diamondback™, at the Association of the United States Army’s annual meeting this week.
L3Harris Sets Date for Third Quarter 2024 Earnings Release
L3Harris Technologies (
NYSELHX) will release its third quarter 2024 financial results on Thursday, Oct. 24, 2024, after market close.
L3Harris Completes Spectrum Dominance Milestone
L3Harris Technologies (
NYSELHX) has met a key spectrum dominance milestone by initiating production of its Viper Shield™ all-digital electronic warfare (EW) suite for F-16 fighter jets. The company will be providing the advanced capability to F-16 fleets in six countries.
US Navy Awards L3Harris $587 Million Contract for Next Generation Jammer – Low Band Program
L3Harris Technologies (
NYSELHX) has received a five-year contract, worth up to $587.4 million, to deliver custom tactical jamming pods designed to modernize the U.S. Navy’s Aerial Electronic Attack capability.
L3Harris to Present at Upcoming Investor Conferences
L3Harris Technologies (
NYSELHX) Chair and CEO Christopher E. Kubasik and Chief Financial Officer Ken Bedingfield will present at the Jefferies 2024 Industrials Conference at 8:40 a.m. ET on Thursday, Sept. 5, in New York City. The presentation will stream live on the L3Harris website with a recording available following the event.
L3Harris Announces 2030 Sustainability Goals
L3Harris Technologies (
NYSELHX) has announced new sustainability goals that further demonstrate its commitment to environmental stewardship. By 2030, L3Harris plans to reduce greenhouse gas emissions by 60%, water use by 20%, and solid waste by 10%. In addition, L3Harris is committing to sourcing 40% of its total electricity from renewable sources.
Aerospace Stock Fires Up a Solid EPS Beat and Raises GuidanceLeading aerospace and defense contractor RTX Co. (
NYSERTX) shares surged to new 52-week highs after reporting robust Q2 2024 earnings.
L3Harris Highlights Performance Progress One Year After Acquiring Aerojet Rocketdyne
L3Harris Technologies (
NYSELHX) has marked the one-year anniversary of its acquisition of power and propulsion provider Aerojet Rocketdyne with significant performance progress.
L3Harris Technologies Reports Strong Second Quarter 2024 Results, Increases 2024 Guidance
L3Harris Technologies (
NYSELHX) reported second quarter 2024 diluted EPS of $1.92, on second quarter revenue of $5.3 billion. Second quarter 2024 non-GAAP diluted EPS1 was $3.24, as compared to non-GAAP diluted EPS1 of $2.97 for the second quarter of 2023, a 9% increase. A reconciliation of non-GAAP results are detailed in tables beginning on page 11.
L3Harris Announces Quarterly Dividend
The Board of Directors of L3Harris Technologies (
NYSELHX) has declared a quarterly cash dividend of $1.16 per common share, payable Sept. 20, 2024, to shareholders of record as of the close of business on Sept. 6, 2024.
