Sign In
Search
Business/Financial

Taxes Take A Bite Out Of L3Harris’ Income, Sales Eke Out A Gain In Third Quarter

Cal Biesecker By
SHARE:
Taxes Take A Bite Out Of L3Harris’ Income, Sales Eke Out A Gain In Third Quarter
L3Harris Technologies Chairman and CEO William Brown. Photo: L3Harris Technologies

L3Harris Technologies [LHX] last Friday posted a slight decline in third quarter earnings due to higher taxes and sales edged up despite headwinds from the coronavirus and the sale of a business unit. Net income fell a percent to $430 million, $1.98 earnings per share (EPS), from $435 million ($1.90 EPS) a year ago. Per share earnings were higher on a lower share count. Higher taxes trimmed off an otherwise solid bottom-line performance at the operating level where profit was…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Business/Financial

Rocket Lab Closes Mynaric Acquisition At Higher Price Than Originally Agreed

Business/Financial

Powerus, DFT Team To Deliver Enhanced Drone Interceptors

Business/Financial

X-Bow Providing Rocket Assisted Takeoff Kit For AEVEX Long-Range Loitering Munition

Business/Financial

On-Orbit Services Startup Starfish Space Raises $110 Million To Execute Missions, Boost Production

Trending

Army Names FLRAA As Cheyenne II; Plans First Unit With 24 Aircraft In FY ‘30 While Noting Timeline ‘Variables’
Lockheed Martin Boosts Venture Arm To $1 Billion
Lockheed Martin Planning Next-Generation Space Dominance Demos On Orbit
Trump’s $1.15 Trillion Request For DoD Is The ‘New Normal,” HASC Chairman Says
Defense Watch: EA-37s in Wargame, Laser Use OK’d, Army ADOC, UAS Award, FMD Chief Back

Congress Updates

Army

Army Secretary Says “We Need To Over-Invest in FLRAA To Get It Online As Quickly As Possible”

Rep. Ken Calvert (R-Calif.), chairman of the House Appropriations Committee’s defense panel (HAC-D), said on Thursday that the Army’s budget plan beginning in fiscal 2027 has more than $2 billion […]

Congress

Pentagon Fiscal 2027 Budget To Address Cannibalization Of Parts For F-35, Legislator Says

The Pentagon’s upcoming fiscal 2027 budget request will help reduce the cannibalization of parts for the F-35 fighter by Lockheed Martin [LMT], the chairman of the House Armed Services Committee’s […]

Budget

Trump’s $1.15 Trillion Request For DoD Is The ‘New Normal,” HASC Chairman Says

COLORADO SPRINGS, Colo.—The Trump administration’s nearly $1.2 trillion baseline defense budget request for fiscal year 2027 will be adopted and will be the foundation for the “new normal” going forward, […]

Congress

Trump Wants Second Reconciliation Bill On His Desk By June 1

President Donald Trump on Wednesday called on Congress to pass and send a second reconciliation bill to his desk by June 1. The deadline follows congressional Republicans’ backing a pursuit […]

The Force Multipliers

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Force Multipliers

Force Multipliers – Krista McKendree

Force Multipliers

Force Multipliers – Fred Taylor

Job Feed

Post a Job // Post a Resume