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L3Harris Posts Higher Sales, Income In First Quarter

Cal Biesecker By
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L3Harris Posts Higher Sales, Income In First Quarter
L3Harris Technologies Chairman and CEO William Brown. Photo: L3Harris Technologies

L3Harris Technologies [LHX] on Tuesday reported higher pro forma earnings and sales in its first quarter, although the company reduced its financial outlook for 2020 to account for the global slowdown in commercial aerospace business and weakness in its radio business for international, state and local customers due to the COVID-19 pandemic. Pro forma net income, which assumes the merger between the former Harris Corp. and L3 Technologies was in effect a year ago, was up 17 percent to $808…

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