L3Harris Technologies, Inc.

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SKU: LHX Category:

Description

L3Harris Technologies, Inc. delivered a mixed result in the last quarterly result, with revenues below market expectations, but it managed to surpass the analyst consensus in terms of earnings. The company’s management is making significant strides toward achieving the targeted cost savings of $40 million to $50 million in the Aerojet Rocketdyne acquisition. They have successfully closed the Aerojet Rocketdyne headquarters in California and are well-prepared to transition all employees to the L3Harris payroll system and benefits on January 1. The IT team has seamlessly interconnected all networks, facilitating efficient communication. Furthermore, they have outlined a long-term IT strategy to optimize operations. L3Harris Technologies’ top priority is enhancing deliveries in the rocket motor sector. Efforts to strengthen sub-tier suppliers have been deployed to address munitions and rocket motor industry challenges. The utilization of the Defense Production Act funding, along with expanding facilities, will contribute to increasing capacity and revitalizing the business, with noticeable improvements expected by the end of 2024 and beyond. L3Harris Technologies’ strategic rationale for the Aerojet Rocketdyne acquisition aligns with its goal to build a defense-focused, technology-driven company that adapts to growing markets.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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