L3Harris Reduces 2022 Guidance After Flat Q3 Revenue
Revenue was nearly flat for L3Harris Space & Airborne Systems segment in the third quarter of 2022, while its Communication Systems segment saw a
Source: satellitetoday.com
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Rheinmetall, Partners Detail Armored Fighting Vehicle It's Pitching to Replace Army's Bradley
Executives touted each company’s unique technology and expertise as their special sauce.
Source: defenseone.com
L3Harris Wins Contract to Support Missile-Tracking Space Sensors
The U.S. Missile Defense Agency has awarded L3Harris Technologies a $121 million contract to build space flight hardware to demonstrate the company’s solution for the Hypersonic and Ballistic Tracking Space Sensor (HBTSS) program. The HBTSS is one of several proposed missions within the U.S. Department of Defense’s next-generation proliferated Low-Earth Orbit (LEO) space architecture. L3Harris said in a Monday release that this award follows on a 2019 study contract. L3Harris has also been selected for two other layers of the missile warning and defense architecture, including a Spa...
Source: satellitetoday.com
L3Harris Reports Fourth Quarter and 2020 Results; Initiates 2021 Guidance
Fourth quarter revenue decreased 3.6% versus prior year primarily due to divestitures and COVID-related impacts, mainly for commercial-related sales. Organic revenue was flat for the quarter as 3.7% growth in core U.S. and international businesses, excluding commercial aviation and Public Safety, was offset by the anticipated COVID-related decline. At the segment level, revenue growth was driven by Space and Airborne Systems and Communication Systems, offset by a decline in Aviation Systems primarily due to COVID-related impacts. Funded book-to-bill was 0.93 for the quarter. Fourth quarter...
Source: financialbuzz.com
L3Harris Technologies Inc (LHX) Q4 2020 Earnings Call Transcript
Operator Greetings, and welcome to the L3Harris Technologies Fourth Quarter Calendar Year 2020 Earnings Call. [Operator Instructions]. It is now my pleasure to introduce your host, Rajeev Lalwani, Vice President, Investor Relations. You may begin. Rajeev Lalwani -- Vice President of Investor Relations Thank you, Rob. Good morning, and welcome to our fourth quarter 2020 earnings call. On the call with me today are Bill Brown, our CEO; Chris Kubasik, our COO; and Jay Malave, our CFO. First, a few words on forward-looking statements and non-GAAP measures. Forward-looking statements involve risk...
Source: fool.com