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Business/Financial

Earnings Soar At L3Harris In First Quarter As COVID Impacts Ebb

By Cal Biesecker

Friday, April 30th, 2021

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Earnings Soar At L3Harris In First Quarter As COVID Impacts Ebb

L3Harris Technologies Chairman and CEO William Brown. Photo: L3Harris Technologies

L3Harris Technologies [LHX] last Friday reported strong earnings in its first quarter due to gains across its business segments and fewer impairment charges related to the COVID-19 pandemic although sales remained relatively flat. Net income increased 140 percent to $466 million, $2.25 earnings per share (EPS), from $194 million (99 cents EPS) a year ago. Adjusted earnings, which exclude impacts from COVID and the divestiture of the former aviation security business, were up 7 percent to $862 million ($3.18 EPS),…

Congress

HASC Wants Info On Army’s Plans To Pursue Autonomous Aerial Delivery, Surface Vessels For Logistics

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Congress

McConnell: “Safe To Conclude There Will Not Be A Third Reconciliation Bill”

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Congress

HASC’s Final FY ‘27 NDAA Expands Systems Eligible For Multi-Years, Includes LTAMDS, IBCS, ARRW

House defense authorizers added a measure to their version of the next defense policy bill that would expand the list of weapons platforms eligible for multi-year contracts, to include the […]

Congress

HASC Bill Would Allow Air Force To Buy More Than 267 F-15EXs

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