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L3Harris Reports Strong Second Quarter

Cal Biesecker By
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L3Harris Reports Strong Second Quarter
Illustration of one of several future L3Harris Technologies Solid Rocket Motor production facilities currently under construction set to build Javelin rocket motors at its Orange County, Va. campus. (Image: L3Harris Technologies)

Buoyed by higher operating income across its business segments and improved sales, L3Harris Technologies [LHX] on Thursday posted strong overall financial results in the second quarter. Net income jumped 25 percent to $458 million, $2.44 earnings per share (EPS), from $367 million ($1.92 EPS) a year ago. Adjusted earnings of $2.78 per share, which excludes acquisition costs, losses from divestitures, costs related to the ongoing LHX NeXt business transformation effort, and taxes related to these various items, handily topped consensus…

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