Sign In
Search
Business/Financial

L3Harris’ Earnings Fall In Fourth Quarter Despite Solid Sales Gains

Cal Biesecker By
SHARE:
L3Harris’ Earnings Fall In Fourth Quarter Despite Solid Sales Gains
Christopher "Chris" Kubasik, chairman and CEO of L3Harris Technologies. Photo: L3Harris

L3Harris Technologies [LHX] last Thursday posted lower net income in its fourth quarter due to ongoing macroeconomic issues while sales grew on the strength of the tactical radio, space and classified programs. The “Macroeconomic environment remains dynamic,” Christopher Kubasik, chairman and CEO of L3Harris, said in the company’s investor letter that was released after the markets closed last Thursday. Inflation remains a bugaboo, raising material and labor costs and in turn lowering operating margin. L3Harris projects about a $400 million…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Business/Financial

HII Reports Strong Fourth Quarter And 2025 On Shipbuilding, Mission Tech

Business/Financial

Northrop Grumman Expects Agreement Soon To Accelerate B-21 Production; Pausing Buybacks

Business/Financial

U.S. Taking Equity Stake In Mining Company USA Rare Earth

Business/Financial

Cybersecurity Firm Supporting Defense Companies Raises $31 Million In Early Funding Round

Trending

Lockheed Offering Robinson’s R66 For Army’s Flight School Next, Moving To Phase III With Bell, M1
RTX Signs Framework Agreements With DoD To Increase Production On Five Munitions
Current F-35 Configuration Complicates Fielding Of APG-85 Radar
DoD Selects 25 Vendors To Compete In First Round Of Drone Dominance Program
Saudi Arabia, Israel Get Nod For $15.7 Billion In Combined U.S. Arms Sales

Contract Updates

R&M Government Services (Las Cruces, New Mexico) – $23,894,784

R&M Government Services,* Las Cruces, New Mexico, has been awarded a maximum $23,894,784 firm-fixed-price, indefinite-quantity contract for battery compartments. This was a sole-source acquisition using justification 10 U.S. Code 3204 (a)(1), as stated in the Federal Acquisition Regulation 6.302-1. This…

L3Harris Technologies Inc. (Clifton, New Jersey) – $9,571,947

L3Harris Technologies Inc., Clifton, New Jersey, is being awarded $9,571,947 for a firm-fixed-price contract for the procurement of 74 radio frequency amplifiers in support of Navy F/A-18E/F/G aircraft. The contract does not include an option provision. All work will be…

Sikorsky Aircraft Corp. a Lockheed Martin Co. (Stratford, Connecticut) – $21,600,000

Sikorsky Aircraft Corp., a Lockheed Martin Co., Stratford, Connecticut, is awarded a not-to-exceed $21,600,000 cost reimbursable undefinitized order (N0001926F1016) against a previously issued basic ordering agreement (N0001923G0002). This order provides for instantaneous access to 105% Transient Engine Torque test and…

Amentum Mitie Pacific LLC (Chantilly, Virginia) – $85,236,794

Amentum Mitie Pacific LLC, Chantilly, Virginia, is awarded an $85,236,794 fixed-price-award-fee, indefinite-delivery/indefinite-quantity contract for base operating support services at Navy Support Facility, Diego Garcia. Work will be performed at Diego Garcia, British Indian Ocean Territory, and is expected to be…

The Force Multipliers

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Force Multipliers

Force Multipliers – Krista McKendree

Force Multipliers

Force Multipliers – Fred Taylor

Job Feed

Post a Job // Post a Resume