L3Harris Technologies Inc.
L3Harris Technologies Reports Strong 4Q2024 Results and 2025 Guidance
Summary
L3Harris Technologies, Inc. reported its fourth quarter and full-year 2024 financial results, revealing a 10% increase in annual revenue to $21.3 billion and a 3% rise in fourth quarter revenue to $5.5 billion. The company's GAAP operating margin improved to 9.0% for the full year and 10.3% for the fourth quarter. L3Harris also provided guidance for 2025, anticipating continued growth with an expected total company revenue between $21.8 billion and $22.2 billion. Non-GAAP diluted EPS guidance for 2025 has been revised to exclude amortization of acquisition-related intangible assets, reflecting a more industry-standard presentation.
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About L3Harris Technologies Inc.
L3Harris Technologies Inc. is a leading aerospace and defense technology company offering solutions that impact security, communications, and infrastructure worldwide. Formed through the merger of L3 Technologies and Harris Corporation, L3Harris provides advanced defense systems, communication systems, and electronic systems to government and commercial customers. The company operates across various sectors including space and airborne systems, intelligence and cybersecurity, and aviation systems. It plays a pivotal role in enhancing national security through its innovative products and services, which include tactical communications, geospatial systems, avionics, and cyber security solutions. L3Harris is seen as a crucial player in the global defense industry, contributing to modernizing military capabilities and ensuring strategic technological advancements in aerospace exploration and defense operations. Its operations and technologies are integral to maintaining the functionality and security of critical infrastructure worldwide, with a commitment to meeting the evolving demands of security and defense industries.
Official SEC Documents
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