L3Harris Technologies Reports Strong Third Quarter 2024 Results, Increases 2024 Guidance

Revenue: Third quarter revenue increased 10%, primarily driven by robust demand for our resilient communication equipment, related waveforms, and night vision devices. Growth for software defined tactical radios was especially strong across international markets, in particular from NATO countries, reflecting demand for our superior capabilities for critical battlefield communications equipment and waveforms.

Operating Margin: Third quarter operating margin increased 350 bps as a result of strong performance from higher volumes, favorable high margin international mix, proprietary waveform license sales, and LHX NeXt cost savings.

AR

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Third Quarter

 

Year to Date

 

2024 Guidance

 

 

($ millions)

 

2024

 

 

 

2023

 

 

Change

 

 

2024

 

 

 

2023

 

 

Change

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

$

      596

 

 

$

    455

 

 

31

%

 

$

   1,719

 

 

$

    455

 

 

278

%

 

$2,400 - $2,500

 

 

Operating margin

 

12.6

%

 

 

12.3

%

 

60 bps

 

 

12.9

%

 

 

12.3

%

 

60 bps

 

mid 12%

(Prior: high 11%)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


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