
L3Harris Technologies [LHX] on Monday reported higher earnings despite lower sales in its fourth quarter, aided by ongoing performance initiatives and an easier comparison versus a year ago when the company suffered various charges related to the downturn in the commercial aerospace market and COVID-19 impacts. Net income in the quarter jumped 163 percent to $484 million, $2.46 earnings per share (EPS), from $184 million (92 cents EPS) a year ago. Adjusting for various pension items, impairment charges and integration…