L3Harris Technologies, Inc.
286.87-0.51 (-0.18%)
Oct 29, 4:00:02 PM EDT · NYSE · LHX · USD
Key Stats
Market Cap
53.67BP/E (TTM)
32.05Basic EPS (TTM)
8.95Dividend Yield
0.02%Recent Filings
10-Q
Q2 FY2025 results
L3Harris Technologies posted solid Q2 FY2025 results, with revenue climbing 2% year-over-year to $5.4B on stronger demand in tactical communications and missile solutions, while year-to-date revenue edged up 0.5% to $10.6B despite the March divestiture of its commercial aviation unit. Operating income surged 20% to $571M in the quarter (derived), lifting margins amid LHX NeXt cost savings and a $75M gain from monetizing legacy assets in IMS, though gross margins dipped slightly to 24.6% from unfavorable EAC adjustments. Diluted EPS rose 27% to $2.44, aligning with 187.8M weighted-average shares and no material anti-dilution effects. Cash from operations totaled $598M year-to-date, funding $822M in share repurchases and $453M in dividends, while free cash flow stood at $451M after $147M capex (derived); total debt eased to $11.1B with $2.0B in credit availability. The CAS sale fetched $831M net proceeds in March 2025, shedding $977M in net assets including $535M goodwill. Yet supply chain disruptions pose ongoing risks to program execution.
8-K
Strong Q2 results boost guidance
L3Harris Technologies posted Q2 2025 revenue of $5.4 billion, up 2% overall and 6% organically, fueled by volume growth and program ramps across segments. Non-GAAP diluted EPS climbed 16% to $2.78, with adjusted segment operating margin edging up 30 basis points to 15.9% thanks to LHX NeXt savings and asset monetization, though cash flow dipped from working capital timing and a legal settlement. Orders hit a record $8.3 billion at 1.5x book-to-bill. The company raised 2025 guidance to $21.75 billion revenue and $10.40-$10.60 non-GAAP EPS, signaling confidence amid rising defense budgets.
8-K
Director equity pay increased
L3Harris Technologies boosted its annual equity retainer for non-employee directors from $190,000 to $200,000 in share units, effective January 3, 2026, following a board recommendation. This modest hike, granted under the 2024 Equity Incentive Plan and vesting after one year, aligns with unchanged $150,000 cash retainers for board service. Directors must hit stock ownership targets within five years. Retention stays straightforward.
8-K
CEO sets stock sale plan
L3Harris Technologies CEO Christopher E. Kubasik established a Rule 10b5-1 trading plan on June 13, 2025, to exercise vested 2018 stock options for up to 97,171 shares expiring in 2028 and sell the underlying shares between September and December 2025, subject to minimum price thresholds. The plan locks in predetermined sales without his discretion, ensuring compliance during the open trading window. His ownership far exceeds company guidelines. Sales will appear in public SEC filings.
8-K
CEO adopts 10b5-1 plan
L3Harris Technologies CEO Christopher E. Kubasik established a Rule 10b5-1 trading plan on April 28, 2025, to exercise vested 2017 stock options for up to 147,411 shares expiring in 2027 and sell the underlying shares between July and September 9, 2025, subject to minimum price thresholds. The plan ensures no discretion over sales during the open trading window. Kubasik's ownership far exceeds company guidelines. Sales will appear in public SEC filings.
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