t u " m n the d territ i re, 11 a - Births and and in th the Residential d all group of the different of r and ng the first Piefe icin it - I and and the states an and 1 100 THE THE PERSON Bill Oxford Introduction After buying GE Aerospace (GE) last week, I have 24.5% aerospace & defense exposure. As my portfolio holds more than 95% of my net worth, it's fair to say roughly a quarter of my wealth depends on this industry. While one could make the case that I have gone too far, I beg to differ. Most of my ae ...

Donald Trump recently proposed establishing a Space National Guard. The Biden administration prefers using Space Force as it is. For defense contractors, either way works. In 2018, then-president Donald Trump instructed the Department of Defense to set up a sixth branch of the U.S. Armed Forces -- a Space Force separate from the Air Force. Eighteen months later, the U.S. Space Force came into being when half of the U.S. Space Command and Air Force Space Command's (AFSPC) 35,000 civilian and military employe ...

Bill Chizek Introduction Something very interesting is happening in the defense sector. Momentum has clearly shifted to the upside despite weakness in the S&P 500. Over the past four weeks alone, the S&P 500 has been outperformed by five of the nation's largest defense contractors. Only The Boeing Company (BA) had a worse performance than the market's 4.4% loss Liftarris Technologies Inc (LHX) Price % Change RTX Cord (RTX) Price > (Change St Change Lookhood (RTX) Price > (Change St Change Lookhood Mumin Cor ...

New 5-year agreement supports L3Harris' Space Business beyond Firefly's existing agreement for three L3Harris launches in 2026 CEDAR PARK, Texas, Aug. 7, 2024 /PRNewswire/ -- Firefly Aerospace, Inc., an end-to-end space transportation company, today announced it signed a multi-launch agreement with L3Harris Technologies (NYSE: LHX) for up to 20 launches on Firefly's Alpha rocket, including two to four missions per year from 2027 to 2031 depending on customer needs. The new agreement is in addition to Firefl ...

Set to Beat the Market? Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely an ...

Excluding one-time items, the company reported GAAP earnings of $1.92 per share, up from $1.83 generated in the prior-year period. L3Harris' second-quarter revenues totaled $5.30 billion, which missed the Zacks Consensus Estimate by 0.1%. However, the top line rose 13% from the year-ago quarter's level of $4.69 billion. Segmental Performance The segment's operating income improved to $215 million from $168 million reported in the year-ago quarter. The operating margin expanded 280 bps to 12.6%, driven by im ...

Commission File Number 1-3863 | --- | --- | --- | |-----------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------| | Securities \nTitle of each class | Registrant's telephone number, including area code: (321) \n registered pursuant to Section 12(b) of \nTrading Symbol(s) | 727-9100 \n the Act: \nName ...

Here is how L3Harris performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: View all Key Company Metrics for L3Harris here>>> The reported revenue compares to the Zacks Consensus Estimate of $5.3 billion, representing a surprise of -0.09%. The company delivered an EPS surprise of +1.89%, with the consensus EPS estimate being $3.18. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the ...

Over the last four quarters, the company has surpassed consensus EPS estimates four times. What's Next for L3Harris? This quarterly report represents an earnings surprise of 1.89%. A quarter ago, it was expected that this technology and communications company would post earnings of $2.89 per share when it actually produced earnings of $3.06, delivering a surprise of 5.88%. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will ...

Non-GAAP Financial Measures Investor Relations Contact: Daniel Gittsovich, 321-724-3170 investorrelations@l3harris.com 1 2 PAGE 11 Table 5 - Operating Income and Margin and Adjusted Segment Operating Income and Margin (Unaudited) 1 2 PAGE 12 Table 6 - Effective Tax Rate on Non-GAAP Income Quarter Ended June 28, 2024 June 30, 2023 | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |--------------------------------------------------------------------------------------------------------------- ...