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LHX L3Harris

L3Harris Technologies is an agile global aerospace and defense technology innovator, delivering end-to-end solutions that meet customers' mission-critical needs. The company provides advanced defense and commercial technologies across air, land, sea, space and cyber domains. L3Harris has approximately $18 billion in annual revenue and 48,000 employees, with customers in more than 100 countries.

Company profile

Ticker
LHX
Exchange
NYSE
Website
www.l3harris.com/
CEO
William Brown
Employees
Incorporated
Delaware
Location
Florida
Fiscal year end
Jan 01
Sector
Manufacturing > Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing
Industry (SIC)
Search, Detection, Navigation, Guidance, Aeronautical Sys
Northrop Grumman • Raytheon • Garmin • Flir Systems • Teledyne • Telenav • MIND Technology • PASSUR Aerospace • Coda Octopus • Applied Energetics ...
Former names
HARRIS CORP /DE/
SEC CIK
0000202058
Corporate docs
IRS number
340276860

LHX stock data

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News

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Stocks That Hit 52-Week Highs On Friday
16 Apr 21
Friday's morning session saw 420 companies set new 52-week highs.
ComSovereign Acquires Communication Systems Solutions Provider Innovation Digital For $8M
14 Apr 21
L3Harris Technologies, American Rheinmetall Vehicles Sign Agreement To Jointly Develop U.S. Army's New Optionally Manned Fighting Vehicle
14 Apr 21
Highlights: Provides vehicle mission systems and cybersecurity Allows easy and affordable upgrades through modular open-system design Leverages L3Harris multi-domain expertise by bridging airborne-to-ground
Credit Suisse Maintains Outperform on L3Harris Technologies, Raises Price Target to $223
13 Apr 21
Benzinga's Top Ratings Upgrades, Downgrades For April 8, 2021
8 Apr 21

Press releases

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L3Harris Technologies Selected for Future US Weather Satellite Imager Design Phase Study
5 Apr 21
Highlights: Continues development of next-generation weather imagers concept Leverages proven, high-maturity technology to provide low-risk solution Provides a capability leap for future weather forecasting NASA
L3Harris Technologies to Announce First Quarter Results on Friday, April 30, 2021
30 Mar 21
L3Harris Technologies (NYSE:LHX) will host a conference call on Friday, April 30, 2021, at 8:30 a.m. Eastern Time (ET) to discuss its first quarter 2021 financial results. The dial-in numbers for the teleconference are
L3Harris Technologies to Provide Next-Generation Electronic Warfare System for F-16 Multirole Fighter
22 Mar 21
Highlights: Protects aircraft from emerging electronic threats with advanced digital technologies Continues company's 30-year legacy of electronic warfare systems on F-16s Positions company to secure additional
Liberty Resumes Trading on the TSX Venture Exchange Under the Symbol "SCAN"
22 Mar 21
L3Harris Technologies to Provide Next-Generation Electronic Warfare System for F-16 Multirole Fighter
22 Mar 21

Calendar

1 Mar 21
18 Apr 21
1 Jan 22

Financial summary

Financial statements Chart LHX financial data
Quarter (USD)
 Jan 21 Oct 20 Jul 20 Apr 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
 Jan 21 Jun 19 Jun 18 Jun 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from L3Harris earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 1.28B 1.28B 1.28B 1.28B 1.28B 1.28B
Cash burn (monthly) 21.67M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 78.11M n/a n/a n/a n/a n/a
Cash remaining 1.2B n/a n/a n/a n/a n/a
Runway (months of cash) 55.3 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Recent insider trades

LHX insider ownership history Insider history
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Apr 21 Millard Robert B Phantom Stock Units Common Stock, Par Value $1.00 Grant Aquire A No No 203.62 202.58 41.25K 1,145.67
1 Apr 21 Sean J Stackley Phantom Stock Units Common Stock, Par Value $1.00 Discretionary Aquire I No No 203.62 94.42 19.23K 187.31
1 Apr 21 Edward J Zoiss Phantom Stock Units Common Stock, Par Value $1.00 Discretionary Aquire I No No 203.62 195.68 39.84K 1,128.64
26 Feb 21 William M Brown Performance Stock Units Common Stock, Par Value $1.00 Grant Aquire A No No 0 30,235 0 30,235
26 Feb 21 William M Brown RSU Common Stock, Par Value $1.00 Grant Aquire A No No 0 15,118 0 15,118
26 Feb 21 William M Brown NQSO Common Stock, Par Value $1.00 Grant Aquire A No No 181.91 65,228 11.87M 65,228
26 Feb 21 Todd W. Gautier Performance Stock Units Common Stock, Par Value $1.00 Grant Aquire A No No 0 4,811 0 4,811
26 Feb 21 Todd W. Gautier RSU Common Stock, Par Value $1.00 Grant Aquire A No No 0 2,406 0 2,406
26 Feb 21 Todd W. Gautier NQSO Common Stock, Par Value $1.00 Grant Aquire A No No 181.91 10,378 1.89M 10,378
Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q4 2020

LHX institutional ownership history Ownership history

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

81.5% owned by funds/institutions
13F holders
 Current Prev Q Change
Total holders 1100 1018 +8.1%
Opened positions 174 79 +120.3%
Closed positions 92 129 -28.7%
Increased positions 362 406 -10.8%
Reduced positions 413 378 +9.3%
13F shares
 Current Prev Q Change
Total value 31.65B 29.48B +7.3%
Total shares 167.45M 168.59M -0.7%
Total puts 666.2K 957K -30.4%
Total calls 371.58K 1.32M -71.9%
Total put/call ratio 1.8 0.7 +147.7%
Largest owners
 Shares Value Change
Vanguard 17.31M $3.27B -3.5%
BLK Blackrock 16.87M $3.19B -0.5%
STT State Street 8.87M $1.68B -3.4%
JHG Janus Henderson 8.3M $1.57B +25.8%
Capital International Investors 7.89M $1.49B +30.7%
WFC Wells Fargo & Co. 5.8M $1.1B +5.7%
Longview Partners 4.57M $864.58M NEW
Capital Research Global Investors 4.08M $770.61M -18.8%
Capital World Investors 4.02M $760.72M +8.5%
Clearbridge Advisors 3.5M $661.96M -3.2%
Largest transactions
 Shares Bought/sold Change
Longview Partners 4.57M +4.57M NEW
Artisan Partners Limited Partnership 51.82K -3.2M -98.4%
TROW T. Rowe Price 3.49M -2M -36.5%
Norges Bank 1.97M +1.97M NEW
Capital International Investors 7.89M +1.85M +30.7%
JHG Janus Henderson 8.3M +1.7M +25.8%
Capital Research Global Investors 4.08M -943.53K -18.8%
Vanguard 17.31M -632.68K -3.5%
Citadel Advisors 8.29K -625.83K -98.7%
AMP Ameriprise Financial 731.54K -618.01K -45.8%
Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

?
Competition
Boeing • General Dynamics • Motorola Solutions • Raytheon Technologies • PASSUR Aerospace • Viasat • Bae Systems • Lockheed Martin • Intevac • Elbit Systems
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
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Removed: acoustic, affiliate, affordable, Aireon, amounted, Armed, asymmetrical, ATC, ATM, backbone, backpack, bandwidth, Basingstoke, BCA, began, broadcast, brokering, built, CapRock, Carlo, CECOM, channel, civilian, collectibility, collection, commercially, communicate, compatibility, competitor, concept, conformal, connect, connectivity, constellation, continuously, conventional, cryptographic, datacomm, dedicated, deep, denied, deployed, deploying, discrete, dissemination, Eagle, earliest, embedded, engineer, ESM, exploitation, explosive, extract, Falcon, FASB, fiber, fielded, Fighting, finite, Fit, flexible, forensic, formulation, foundation, fuel, globally, Grid, HF, highest, history, Hornet, hosted, Hotspot, imagery, imaging, immaterial, ineffective, informed, integral, intensifier, interface, interoperability, interoperable, IP, Iridium, jamming, LMR, map, McGladrey, McKinsey, mismatch, modeling, modular, Monte, Motorola, multiband, multifactor, multifunction, multimission, narrowband, NOAA, nonforfeitable, North, NSA, occupied, offering, optic, optimizing, overstated, overvalued, paragraph, payload, peer, pertaining, phase, podded, Poseidon, PPA, predictive, prevalent, principle, produce, productivity, prudent, qualifying, radar, Raptor, Reaper, receiver, reconfigurable, redirect, reinvest, renewed, repatriate, retrospectively, rifleman, Roanoke, RSM, secure, securely, sensing, serving, shift, shorter, simplify, SIP, smart, soldier, solving, spare, SpeedCast, SRP, standardized, statewide, STC, stealth, stranded, subsurface, summarize, Super, superior, supplied, sustain, switching, team, telemetry, telephone, terrestrial, tool, toughest, track, tracking, transmission, Trump, trunked, TSR, understated, unearned, unified, upgradeable, user, variant, vehicular, ViaSat, VIDA, video, virtually, waveform, wideband, WiFi
From filing 10-K 2020 FY

Financial reports

View all
10-K
2020 FY
Annual report
1 Mar 21
10-Q
2020 Q3
Quarterly report
2 Nov 20
10-Q
2020 Q2
Quarterly report
4 Aug 20
10-Q
2020 Q1
Quarterly report
7 May 20
10-KT
2020 FY
Filing
3 Mar 20
10-Q
2020 Q1
Quarterly report
31 Oct 19
10-K
2019 FY
Annual report
22 Aug 19
10-Q
2019 Q3
Quarterly report
2 May 19
10-Q
2019 Q2
Quarterly report
30 Jan 19
10-Q
2019 Q1
Quarterly report
26 Oct 18

Current reports

View all
8-K
Other Events
2 Mar 21
8-K
L3Harris Technologies Signs Definitive Agreements to Sell Its Military Training and Combat Propulsion Systems Businesses for $1.45 Billion
1 Mar 21
8-K
L3Harris Reports Fourth Quarter and 2020 Results; Initiates 2021 Guidance
29 Jan 21
8-K
Other Events
14 Dec 20
8-K
Other Events
25 Nov 20
8-K
Other Events
12 Nov 20
8-K
L3Harris Reports Strong Third Quarter 2020 Results and Raises Outlook
30 Oct 20
8-K
Departure of Directors or Certain Officers
1 Sep 20
8-K
L3Harris Reports Second Quarter 2020 Results
31 Jul 20
8-K
L3Harris Technologies, Inc. Announces Final Results and Settlement of Exchange Offers
5 May 20

Registration and prospectus

View all
424B5
Prospectus supplement for primary offering
12 Nov 20
FWP
Free writing prospectus
10 Nov 20
424B3
Prospectus supplement
10 Nov 20
424B3
Prospectus supplement
31 Mar 20
424B5
Prospectus supplement for primary offering
6 Mar 20
S-4
Registration of securities issued in business combination transactions
4 Mar 20
FWP
Free writing prospectus
4 Mar 20
424B3
Prospectus supplement
4 Mar 20
424B5
Prospectus supplement for primary offering
15 Nov 19
FWP
Free writing prospectus
13 Nov 19

Proxies

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DEFA14A
Additional proxy soliciting materials
11 Mar 21
DEF 14A
Definitive proxy
11 Mar 21
DEFA14A
Additional proxy soliciting materials
6 Apr 20
DEFA14A
Additional proxy soliciting materials
3 Apr 20
DEFA14A
Additional proxy soliciting materials
12 Mar 20
DEF 14A
Definitive proxy
12 Mar 20
PRE 14A
Preliminary proxy
2 Mar 20
DEFA14A
Additional proxy soliciting materials
10 Sep 19
DEF 14A
Definitive proxy
10 Sep 19
DEF 14A
Definitive proxy
5 Sep 18

Other

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SD
Conflict minerals disclosure
1 Jun 20
EFFECT
Notice of effectiveness
1 Apr 20
UPLOAD
Letter from SEC
29 Mar 20
CORRESP
Correspondence with SEC
26 Mar 20
CORRESP
Correspondence with SEC
26 Mar 20
CORRESP
Correspondence with SEC
26 Mar 20
CORRESP
Correspondence with SEC
12 Mar 20
UPLOAD
Letter from SEC
8 Mar 20
CORRESP
Correspondence with SEC
17 Feb 20
CORRESP
Correspondence with SEC
29 Jan 20

Ownership

View all
4
L3HARRIS / EDWARD J ZOISS ownership change
5 Apr 21
4
L3HARRIS / Sean J Stackley ownership change
5 Apr 21
4
L3HARRIS / ROBERT B MILLARD ownership change
5 Apr 21
4
L3HARRIS / EDWARD J ZOISS ownership change
2 Mar 21
4
L3HARRIS / Todd A. Taylor ownership change
2 Mar 21
4
L3HARRIS / Sean J Stackley ownership change
2 Mar 21
4
L3HARRIS / SCOTT T MIKUEN ownership change
2 Mar 21
4
L3HARRIS / DANA A MEHNERT ownership change
2 Mar 21
4
L3HARRIS / JESUS MALAVE JR ownership change
2 Mar 21
4
L3HARRIS / CHRISTOPHER E KUBASIK ownership change
2 Mar 21

Patents

View all
GRANT
Utility
Hierarchical neural network image registration
13 Apr 21
One or more neural networks generate a first vector field from an input image and a reference image.
GRANT
Utility
Infrared detector having a directly bonded silicon substrate present on top thereof
13 Apr 21
A direct bonding method for infrared focal plane arrays, includes steps of depositing a thin adhesion layer on infrared radiation detecting material, removing a portion of the thin adhesion layer with a chemical-mechanical polishing process, forming a bonding layer at a bonding interface, and bonding the infrared radiation detecting material to a silicon wafer with the thin adhesion layer as a bonding layer.
GRANT
Utility
Communication systems with body worn plate design
6 Apr 21
Systems and methods for operating a communication device.
GRANT
Utility
Indium-based interface structures, apparatus, and methods for forming the same
6 Apr 21
Indium-based interface systems, structures, and methods for forming the same are provided.
APP
Utility
Quantum Communication System Having Time to Frequency Conversion and Associated Methods
1 Apr 21
A quantum communications system may include a transmitter node, a receiver node, and a quantum communications channel coupling the transmitter node and receiver node.

Transcripts

View all
2020 Q4
Earnings call transcript
29 Jan 21
2020 Q3
Earnings call transcript
30 Oct 20
2020 Q2
Earnings call transcript
31 Jul 20
2020 Q1
Earnings call transcript
5 May 20
2019 Q4
Earnings call transcript
4 Feb 20
2019 Q3
Earnings call transcript
30 Oct 19
2019 Q4
Earnings call transcript
31 Jul 19
2019 Q3
Earnings call transcript
1 May 19
2019 Q2
Earnings call transcript
29 Jan 19
2018 Q4
Earnings call transcript
31 Jul 18

Reddit threads

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