L3Harris Technologies, Inc.


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SKU: LHX Category:


This is our first report on L3Harris, a large tech player providing products, systems and services that have defense and civil government applications, as well as commercial applications. The company has had a weak revenue performance since the start of 2022 and faced some shortages of electronic components that adversely affected the business. With its diversified and broad portfolio and continued execution on margin front, L3Harris did manage to deliver an earnings beat. The infrared instrument of L3Harris Technologies has been launched recently. This is going to significantly improve the capability of capturing high-resolution imagery and various vital information on the battlefield from space. On the B-52, the company received $1 billion IDIQ 10-year contract having the potential of expanding its scope of the programs for including EW hardware like radar warning receivers. L3Harris has successfully managed its overhead costs and drove its E3 program. In the space domain, the company has continued to advance its exquisite and responsive business with various earlier stage awards. On the international background, the firm was awarded a $100 million contract for providing capabilities on 12-multi-mission aircraft. We initiate coverage on the stock with a ‘Hold’ rating.

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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