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0 -0.000845070422535243 -0.0115492957746478 -0.0118131455399061 -0.00687793427230049 0.00556338028169015 0.0238028169014086 0.0287089201877935
Stock impact report

L3Harris cuts 2025 forecasts on aviation business divestiture [Yahoo! Finance Canada]

L3Harris Technologies, Inc. (LHX) 
Last l3harris technologies, inc. earnings: 2/4 06:30 am Check Earnings Report
It completed the sale of its commercial aviation business, through which L3 provided flight training, analytics and avionics services, for $800 million to TJC in March. L3Harris said the sale would result in a reduction of about $525 million to expected revenues this year. Its revenue is now expected to come in between $21.4 billion and $21.7 billion for 2025. U.S. defense contractors, like other industries with complex manufacturing operations, are bracing for impacts from U.S. President Donald Trump's trade war, which has pressured an already strained supply chain. L3Harris reported total revenue of $5.13 billion in the quarter, down 1.5% year-over-year and lower than analysts' average estimate of about $5.22 billion, according to data compiled by LSEG. The fall comes predominantly as its space business saw sales fall 8% on slowing volumes related to classified development programs. It posted an adjusted profit per share of $2.41, compared to expectations of $2.32. (R Show less Read more
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