L3Harris has evolved into a high-margin, diversified defense technology leader, uniquely positioned in communications, avionics, and rocket engines after recent acquisitions. Despite mixed Q1 2025 revenue, margin expansion and cost optimization drove strong profit growth; management expects further EPS and margin improvements for the year. My DCF and valuation models indicate L3Harris is moderately undervalued, with a base-case upside of 14% and limited downside risk, supporting a Buy rating.
As one part of his “Make America Great Again” agenda, President Donald Trump is proposing the construction of a “Golden Dome” defense system. This comprehensive, mobile air defense system will be similar to the Golden Dome that protects Israel.
L3Harris Technologies, Inc. (NYSE:LHX ) Bernstein 41st Annual Strategic Decisions Conference May 29, 2025 9:00 AM ET Company Participants Chris Kubasik - Chair and Chief Executive Officer Ken Bedingfield - Senior Vice President and Chief Financial Officer Conference Call Participants Douglas Harned - Bernstein Douglas Harned Okay. Good morning.
Aerospace & Defense Industry | Industrials Sector | Mr. Christopher E. Kubasik CPA CEO | XWBO Exchange | US5024311095 ISIN |
US Country | 47,000 Employees | 10 Mar 2025 Last Dividend | 11 May 2009 Last Split | 31 Dec 1981 IPO Date |
L3Harris Technologies, Inc. is a prominent provider of mission-critical solutions to a global client base that encompasses both government entities and commercial organizations. The company plays a crucial role in developing advanced technology solutions geared towards addressing the complex needs of its clients in various sectors, including defense, space, airborne systems, and communications. Originally established in 1895 and headquartered in Melbourne, Florida, L3Harris Technologies has undergone significant transformations, including a name change from Harris Corporation in June 2019, to better reflect its diversified technology portfolio and strategic focus on innovation and excellence in service provision.
L3Harris Technologies, Inc.'s vast array of products and services is segmented into various categories, each targeting specific customer needs and sectors: