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L3Harris Posts Robust Third Quarter On Broad Strength

Cal Biesecker By
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L3Harris Posts Robust Third Quarter On Broad Strength
L3Harris Technologies' is expanding and modernizing its rocket motor facilities in Camden, Ark. Image: L3Harris

Aided by strong results across its portfolio and an ongoing transformation initiative, L3Harris Technologies [LHX] on Thursday reported strong third quarter results. Net income rose 16 percent to $462 million, $2.46 earnings per share (EPS), from $400 million ($2.10 EPS) a year ago. Net income through the first nine months of the year is up 24 percent to $1.3 billion ($6.92 EPS). Absent acquisition and divestiture-related expenses, costs related to the LHX NeXT business transformation initiative, and taxes related to…

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