Sign In
Search
Business/Financial

Taxes Take A Bite Out Of L3Harris’ Income, Sales Eke Out A Gain In Third Quarter

Cal Biesecker By
SHARE:
Taxes Take A Bite Out Of L3Harris’ Income, Sales Eke Out A Gain In Third Quarter
L3Harris Technologies Chairman and CEO William Brown. Photo: L3Harris Technologies

L3Harris Technologies [LHX] last Friday posted a slight decline in third quarter earnings due to higher taxes and sales edged up despite headwinds from the coronavirus and the sale of a business unit. Net income fell a percent to $430 million, $1.98 earnings per share (EPS), from $435 million ($1.90 EPS) a year ago. Per share earnings were higher on a lower share count. Higher taxes trimmed off an otherwise solid bottom-line performance at the operating level where profit was…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Business/Financial

Avio Breaks Ground On New Solid Rocket Motor Facility Expected To Begin Production In 2029

Business/Financial

DoD Takes Equity Stake In Steel Firm As Part Of Funding Raise

Business/Financial

U.K. Defense Firm OpenWorks Expands Into U.S. Market

Business/Financial

Counter-Drone Tech Company Fortem Closes $50 Million Series B Round

Trending

Army Picks Initial 30 Finalists For Low-Cost Interceptor Demonstrations
USAF Looks for Long-Range Communications Drones Deployable from AFSOC Fixed Wing Platforms
Boeing Picked For Navy’s F/A-XX Carrier Fighter
USAF Awards Raytheon Nearly $21 Billion for AMRAAM Foreign Orders
U.S. Space Force Pins Hopes on Space-Based Radar Systems, Northrop Grumman Building GMTI System

Congress Updates

Congress

Rep. Himes Signals Increased Contractor Oversight, if Democrats Win House

Rep. Jim Himes (D-Conn.), the ranking member of the House Permanent Select Committee on Intelligence, plans to increase the committee’s contractor oversight if the Democrats win control of the House […]

Congress

CBO Estimates Loss of One-Half to Two-Thirds of U.S. Missile Interceptors Since June Last Year

A new Congressional Budget Office report estimates the cost of the Iran war through Aug. 1 as $38 billion and says that the U.S. has likely depleted between one-half and […]

Missile Defense

Fischer Says Golden Dome Boosters Need To Increase Capitol Hill Support With Information, Warns Against Counting On Reconciliation

NATIONAL HARBOR, Md. – A Senate Armed Services panel chair today said boosters of the Golden Dome program still have work to do to increase support on Capitol Hill while […]

Navy/USMC

HII Executive Outlines Its Shipbuilding Acceleration Strategy

An HII [HII] shipbuilding executive last week told lawmakers how the company plans to improve and accelerate shipbuilding throughout via workforce improvements, adding new shipbuilding infrastructure and reinforcing distributed shipbuilding […]

The Force Multipliers

Force Multipliers

Michael Harrison – SANS Institute

Force Multipliers

Michael DiOrio – Dataminr

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Job Feed

Post a Job // Post a Resume