Northrop quarterly profit rose on strong global defense spending [Yahoo! Finance]
L3Harris Technologies, Inc. (LHX)
Last l3harris technologies, inc. earnings: 2/4 06:30 am
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Source: Yahoo! Finance
International demand for U.S. weaponry has risen following Russia's invasion of Ukraine and conflicts in the Middle East. "Robust global defense spending and our strong backlog, along with expanding margins, continue to support our multi-year outlook for free cash flow growth," said CEO Kathy Warden. Profit in Northrop's Defense Systems segment rose 11% in the first quarter, helped by higher demand for rocket motors and Stand-in Attack Weapon, a tactical air-to-surface missile. Northrop and L3Harris are the only companies that supply sought-after rocket motors, used in guided multiple-launch rocket systems, that played a crucial role in supporting Ukraine's defense efforts against Russian forces. Northrop's aeronautic systems business posted a 25% jump in operating income, benefiting from strong demand for E2 Hawkeye aircraft and Lockheed Martin's F-35. Northrop Grumman, the largest subcontractor for the F-35 jet delivery to Pentagon, has not yet been affected by delays in
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LHX
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- Is L3Harris Technologies (LHX) Stock Outpacing Its Aerospace Peers This Year? [Yahoo! Finance]Yahoo! Finance
- L3Harris Technologies, Inc. (NYSE: LHX) had its price target raised by analysts at JPMorgan Chase & Co. from $240.00 to $250.00. They now have an "overweight" rating on the stock.MarketBeat
- L3Harris Technologies Insiders Sold US$3.0m Of Shares Suggesting Hesitancy [Yahoo! Finance]Yahoo! Finance
- L3Harris Technologies, Inc. (NYSE:LHX) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
LHX
Earnings
- 4/25/24 - Beat
LHX
Sec Filings
- 5/1/24 - Form S-8
- 4/26/24 - Form 10-Q
- 4/25/24 - Form 8-K
- LHX's page on the SEC website