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L3Harris Posts Strong Profit Gains On Modest Sales Increase

Cal Biesecker By
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L3Harris Posts Strong Profit Gains On Modest Sales Increase
Ken Bedingfield, chief financial officer of L3Harris Technologies. Photo: L3Harris

L3Harris Technologies [LHX] on Thursday reported a substantial increase in net income in the fourth quarter driven in large part by a charge a year ago in a business that it is divesting and improved operating performance at most of the businesses. The sale of the Commercial Aviation Solutions (CAS) business was expected to conclude last year but deal complexities have led to the company to include the business in its 2025 outlook. L3Harris expects the divesture this year. Net…

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