An L3Harris office building. JHVEPhoto As a dividend growth investor, one of the most important attributes to me is a track record of vigorous dividend growth. Of course, a pattern of rewarding shareholders in the past doesn't always perfectly correlate to a future of rewarding shareholders when the fundamentals deteriorate (Walgreens Boots Alliance's (WBA) dividend cut, anybody?). But in this rapidly changing world, I have found the dividend growth strategy to be a winner for me. That's because it keeps ...

Egorych/E+ via Getty Images L3Harris Technologies (NYSE:LHX) is well-positioned to benefit from increased global defense spending amid geopolitical tensions, shows strong growth in its Space and Airborne Systems segment, is reducing debt and targeting significant organic growth and free cash flow, and is undervalued compared to peers, offering an attractive investment opportunity. A recent investor day for LHX emerged as a positive event for the company's stock. A key insight from this event is the manageme ...

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) will release financial results for its fourth quarter on Thursday, Jan. 25, 2024, after market close. The company’s results will be published in an Investor Letter and made available at L3Harris.com. The company will host a call on Friday, Jan. 26, 2024, at 8:30 a.m. ET. The dial-in numbers for the teleconference are (U.S.) 877-407-6184 and (International) +1 201-389-0877, and participants will be directed to an operator. Please allow at le ...

L3Harris Technologies, Inc. (NYSE:LHX) Q3 2023 Earnings Conference Call October 27, 2023 8:30 AM ET Corporate Participants Mark Kratz - Vice President, Investor Relations Chris Kubasik - Chief Executive Officer Michelle Turner - Chief Financial Officer Conference Call Participants Kristine Liwag - Morgan Stanley Gautam Khanna - TD Cowen Noah Poponak - Goldman Sachs Scott Deuschle - Deutsche Bank Jason Gursky - Citi Richard Safran - Seaport Global Research Ken Herbert - RBC Capital Markets Matt Akers - Wells ...

For the quarterly period ended September 29, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to ______________ Commission File Number 1-3863 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 L3HARRIS TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) Delawar ...

L3Harris Technologies, Inc. (NYSE:LHX) Q2 2023 Earnings Call Transcript July 27, 2023 8:00 AM ET Company Participants Mark Kratz - VP, IR Chris Kubasik - CEO Michelle Turner - CFO Conference Call Participants Peter Arment - Baird Seth Seifman - JPMorgan Robert Spingarn - Melius Research Doug Harned - Bernstein Sheila Kahyaoglu - Jefferies Pete Skibitski - Alembic Global Myles Walton - Wolfe Research Operator Greetings, and welcome to the L3Harris Technologies Second Quarter 2023 Earnings Conference Call. At ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Registrant's telephone number, including area code: (321) 727-9100 | Securities registered pursuant to Section 12(b) of the Act: | | | | --- | --- | --- | | Title of each class | Trading Symbol(s) | Name of each exchange on which registered | | Common Stock, par value $1.00 per share | LHX | New York Stock Exchange | For the qu ...

Financial Data and Key Metrics - Revenue grew by 9% YoY, with all segments contributing to growth [33] - Operating income increased in two out of three segments despite headwinds [33] - EPS for Q1 was $2.86, with expectations to build from there [33] - Free cash flow improved significantly to over $300 million, up from the previous year [33] - The company front-loaded its share repurchase commitment, with $400 million completed in Q1 and $100 million remaining for the year [11] Business Line Data and Key Metrics - The space business recorded $1.5 billion in new prime space awards, with a book-to-bill ratio over 2.0 [66] - International orders accounted for 30% of the $5.8 billion record orders in Q1, with a book-to-bill ratio over 1.5 for international markets [6] - The company submitted over $7 billion in space proposals in the last six months, indicating strong growth potential [66] Market Data and Key Metrics - The President's budget request of $842 billion for defense represents a 3% growth, with a 4% increase in investment accounts [4] - The company expects a book-to-bill ratio over 1.0 for the year, driven by international growth and defense spending [4] - The Defense Production Act (DPA) funding of $215 million for Aerojet Rocketdyne supports capacity and production enhancements [7][8] Company Strategy and Industry Competition - The company is focusing on divestitures to generate cash for the Aerojet Rocketdyne acquisition, targeting $1 billion in proceeds from two or three divestitures [1][2] - The acquisition of Aerojet Rocketdyne is strategic, filling a gap in the portfolio and aligning with growth markets highlighted in recent budget decisions [61] - The company is leveraging its domestic footprint to drive international growth, particularly in the space domain [94] Management Commentary on Operating Environment and Future Outlook - Management is confident in the 2023 close of the Aerojet Rocketdyne acquisition, citing no vertical or horizontal competition with the company [36][61] - The company is optimistic about supply chain improvements, with 1,300 alternative parts introduced to mitigate shortages [96] - Management expects margins to improve in the second half of the year, driven by higher-margin product deliveries and easing supply chain constraints [73][74] Other Important Information - The company is undergoing an enterprise transformation, focusing on cost savings and efficiency improvements, with tangible results expected in the next 90 days [102][103] - Working capital improved by $300 million YoY, with a target to reduce working capital days to 53-54 by year-end [106][107] - The company is targeting a leverage ratio below 3 over the next few years, with $14 billion in debt expected post-Aerojet acquisition [119] Q&A Session Summary Question: Timing and process for Aerojet Rocketdyne acquisition [57] - The company is gathering data for the FTC's second request, with a submission expected by June [58] - Management is confident in the deal closing in the second half of 2023, citing no competition with Aerojet Rocketdyne [36][61] Question: Supply chain improvements and potential upside to guidance [27] - The company has introduced 1,300 alternative parts to mitigate supply chain challenges, with improvements tracking as expected [96] - If supply chain improvements accelerate, there could be upside to the full-year guidance [43] Question: Margin improvement drivers for the second half of the year [98] - Margins are expected to improve due to higher-margin product deliveries and easing supply chain constraints [73][74] - Fixed-price backlog impacts, particularly in the ISR business, are stabilizing, which will help margins in the second half [48] Question: Capital allocation and debt management [118] - The company plans to continue share buybacks and dividends, with a focus on reducing debt to maintain an investment-grade credit rating [119][134] - Post-Aerojet acquisition, the company aims to bring its leverage ratio below 3 over the next few years [119] Question: International growth and space business opportunities [26] - The space business is seeing strong international growth, with 50% of the $1.5 billion in bookings coming from international markets [40] - The company is well-positioned in the space domain, with 33 satellites in backlog and significant growth opportunities [39][66]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to ______________ Commission File Number 1-3863 L3HARRIS TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) (State or o ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 30, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to ______________ Commission File Number 1-3863 L3HARRIS TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) Delaware 34-0276860 ...