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LHX / L3Harris: Trading At A Discount Despite Favorable Competitive Positioning And M&A Upside

L3Harris: Trading At A Discount Despite Favorable Competitive Positioning And M&A Upside
Recent geopolitical shifts to boost global military spending, providing an attractive investment case for the entire defense sector, with most of the additional funding estimated to go to US players. L3Harris stock currently trades at a c.18% FY23 estimated EBITDA multiple discount to peers due to uncertainty about its debt profile following TDL and AJRD acquisitions and recent margin contraction. This discount is not justified in my opinion given LHX's strong competitive positioning in key military growth areas such as Communications and Space and industry leading margins. Read More
Posted: Oct 4 2023, 05:57
Author Name: Seeking Alpha
Views: 111440

LHX News  

L3Harris Technologies, Inc. (LHX) Q3 2023 Earnings Call Transcript

By Seeking Alpha
October 27, 2023

L3Harris Technologies, Inc. (LHX) Q3 2023 Earnings Call Transcript

L3Harris Technologies, Inc. (NYSE:LHX ) Q3 2023 Earnings Conference Call October 27, 2023 8:30 AM ET Corporate Participants Mark Kratz - Vice Presiden more_horizontal

L3Harris (LHX) Beats on Q3 Earnings, Ups '23 Sales View

By Zacks Investment Research
October 27, 2023

L3Harris (LHX) Beats on Q3 Earnings, Ups '23 Sales View

L3Harris' (LHX) Q3 revenues of $4,915 million beats the Zacks Consensus Estimate by 2%. Revenues also rise 15.8% from the year-ago quarter? more_horizontal

L3Harris is growing 'double-digits' in space business, says CEO Chris Kubasik

By CNBC Television
October 26, 2023

L3Harris is growing 'double-digits' in space business, says CEO Chris Kubasik

Chris Kubasik, L3Harris chair and CEO, joins 'Closing Bell Overtime' to talk quarterly results. more_horizontal

Cramer's Stop Trading: L3Harris Technologies

By CNBC Television
October 23, 2023

Cramer's Stop Trading: L3Harris Technologies

CNBC's Jim Cramer explains why he is keeping an eye on shares L3Harris Technologies. more_horizontal

Will Higher Input Cost Hurt L3Harris (LHX) in Q3 Earnings?

By Zacks Investment Research
October 20, 2023

Will Higher Input Cost Hurt L3Harris (LHX) in Q3 Earnings?

L3Harris' (LHX) Q3 results are likely to reflect the impact of inflation-induced higher input costs despite the benefits of higher commercial product more_horizontal

RTX Secures $30.6M Contract for Radar Interface Unit Lite

By Zacks Investment Research
October 20, 2023

RTX Secures $30.6M Contract for Radar Interface Unit Lite

RTX clinches a $30.6 million contract for the Radar Interface Unit lite from the Army. more_horizontal

3 Space Stocks That Are Shooting for the Stars

By InvestorPlace
October 19, 2023

3 Space Stocks That Are Shooting for the Stars

Investing in space stocks is no longer science fiction. In fact, Morgan Stanley is forecasting that the global space industry could be valued at over more_horizontal

L3Harris: Financial Data Needs Strong Trend Reversal

By Seeking Alpha
October 19, 2023

L3Harris: Financial Data Needs Strong Trend Reversal

L3Harris: Financial Data Needs Strong Trend Reversal more_horizontal


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