L3Harris Technologies (LHX)
Market Price (12/24/2025): $298.0 | Market Cap: $55.7 BilSector: Industrials | Industry: Aerospace & Defense
L3Harris Technologies (LHX)
Market Price (12/24/2025): $298.0Market Cap: $55.7 BilSector: IndustrialsIndustry: Aerospace & Defense
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 12%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 10%, CFO LTM is 2.5 Bil, FCF LTM is 2.2 Bil | Trading close to highsDist 52W High is -2.5%, Dist 3Y High is -2.5% | Key risksLHX key risks include [1] its high dependence on fluctuating U.S. Show more. |
| Low stock price volatilityVol 12M is 22% | Weak multi-year price returns3Y Excs Rtn is -31% | |
| Megatrend and thematic driversMegatrends include Advanced Aviation & Space, Cybersecurity, and 5G & Advanced Connectivity. Themes include Commercial Space Exploration, Show more. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 12%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 10%, CFO LTM is 2.5 Bil, FCF LTM is 2.2 Bil |
| Low stock price volatilityVol 12M is 22% |
| Megatrend and thematic driversMegatrends include Advanced Aviation & Space, Cybersecurity, and 5G & Advanced Connectivity. Themes include Commercial Space Exploration, Show more. |
| Trading close to highsDist 52W High is -2.5%, Dist 3Y High is -2.5% |
| Weak multi-year price returns3Y Excs Rtn is -31% |
| Key risksLHX key risks include [1] its high dependence on fluctuating U.S. Show more. |
Why The Stock Moved
Qualitative Assessment
AI Analysis | Feedback
The requested time period of August 31, 2025, to today's date (December 24, 2025) is in the future. Therefore, actual past stock movements and their specific explanatory factors for this period cannot be provided. However, available information from the search results offers analyst forecasts and projections for L3Harris Technologies (LHX) within and around 2025, which can shed light on anticipated drivers for the stock.1. Strong Q2 2025 Earnings and Raised Full-Year Guidance: L3Harris Technologies reported strong second-quarter 2025 results, with earnings per share (EPS) of $2.78, surpassing the consensus estimate of $2.48. Revenue also exceeded expectations, reaching $5.4 billion. This performance led the company to raise its full-year 2025 EPS guidance to a range of $10.40 to $10.60 and its revenue forecast to approximately $21.75 billion. This positive financial outlook likely contributes to a bullish sentiment for the stock.
2. Increased Orders and Strong Book-to-Bill Ratio: In Q2 2025, L3Harris reported $8.3 billion in orders, resulting in a robust book-to-bill ratio of 1.5. A high book-to-bill ratio indicates strong demand for the company's products and services, suggesting future revenue growth and positive investor confidence.
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Stock Movement Drivers
Fundamental Drivers
The 4.5% change in LHX stock from 9/23/2025 to 12/23/2025 was primarily driven by a 4.5% change in the company's P/E Multiple.| 9232025 | 12232025 | Change | |
|---|---|---|---|
| Stock Price ($) | 285.00 | 297.83 | 4.50% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 21373.00 | 21373.00 | 0.00% |
| Net Income Margin (%) | 7.94% | 7.94% | 0.00% |
| P/E Multiple | 31.41 | 32.82 | 4.50% |
| Shares Outstanding (Mil) | 187.00 | 187.00 | 0.00% |
| Cumulative Contribution | 4.50% |
Market Drivers
9/23/2025 to 12/23/2025| Return | Correlation | |
|---|---|---|
| LHX | 4.5% | |
| Market (SPY) | 3.7% | 33.7% |
| Sector (XLI) | 2.6% | 61.3% |
Fundamental Drivers
The 21.8% change in LHX stock from 6/24/2025 to 12/23/2025 was primarily driven by a 14.3% change in the company's P/E Multiple.| 6242025 | 12232025 | Change | |
|---|---|---|---|
| Stock Price ($) | 244.55 | 297.83 | 21.79% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 21246.00 | 21373.00 | 0.60% |
| Net Income Margin (%) | 7.55% | 7.94% | 5.10% |
| P/E Multiple | 28.72 | 32.82 | 14.27% |
| Shares Outstanding (Mil) | 188.50 | 187.00 | 0.80% |
| Cumulative Contribution | 21.78% |
Market Drivers
6/24/2025 to 12/23/2025| Return | Correlation | |
|---|---|---|
| LHX | 21.8% | |
| Market (SPY) | 13.7% | 25.1% |
| Sector (XLI) | 8.7% | 49.2% |
Fundamental Drivers
The 42.5% change in LHX stock from 12/23/2024 to 12/23/2025 was primarily driven by a 39.1% change in the company's Net Income Margin (%).| 12232024 | 12232025 | Change | |
|---|---|---|---|
| Stock Price ($) | 209.03 | 297.83 | 42.48% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 21142.00 | 21373.00 | 1.09% |
| Net Income Margin (%) | 5.71% | 7.94% | 39.08% |
| P/E Multiple | 32.83 | 32.82 | -0.05% |
| Shares Outstanding (Mil) | 189.60 | 187.00 | 1.37% |
| Cumulative Contribution | 42.46% |
Market Drivers
12/23/2024 to 12/23/2025| Return | Correlation | |
|---|---|---|
| LHX | 42.5% | |
| Market (SPY) | 16.7% | 35.4% |
| Sector (XLI) | 19.1% | 50.6% |
Fundamental Drivers
The 53.9% change in LHX stock from 12/24/2022 to 12/23/2025 was primarily driven by a 27.0% change in the company's Total Revenues ($ Mil).| 12242022 | 12232025 | Change | |
|---|---|---|---|
| Stock Price ($) | 193.51 | 297.83 | 53.91% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 16834.00 | 21373.00 | 26.96% |
| Net Income Margin (%) | 6.71% | 7.94% | 18.28% |
| P/E Multiple | 32.76 | 32.82 | 0.18% |
| Shares Outstanding (Mil) | 191.30 | 187.00 | 2.25% |
| Cumulative Contribution | 53.83% |
Market Drivers
12/24/2023 to 12/23/2025| Return | Correlation | |
|---|---|---|
| LHX | 48.6% | |
| Market (SPY) | 48.4% | 29.6% |
| Sector (XLI) | 42.3% | 46.8% |
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| LHX Return | -3% | 15% | -0% | 4% | 2% | 43% | 68% |
| Peers Return | -7% | 17% | 29% | -4% | 18% | 31% | 109% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 17% | 114% |
Monthly Win Rates [3] | |||||||
| LHX Win Rate | 42% | 67% | 33% | 42% | 75% | 75% | |
| Peers Win Rate | 50% | 57% | 62% | 48% | 60% | 65% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| LHX Max Drawdown | -24% | -9% | -2% | -21% | -4% | -7% | |
| Peers Max Drawdown | -33% | -9% | -3% | -22% | -4% | -9% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: LMT, NOC, RTX, GD, LDOS. See LHX Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/23/2025 (YTD)
How Low Can It Go
| Event | LHX | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -40.4% | -25.4% |
| % Gain to Breakeven | 67.9% | 34.1% |
| Time to Breakeven | 658 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -34.7% | -33.9% |
| % Gain to Breakeven | 53.1% | 51.3% |
| Time to Breakeven | 498 days | 148 days |
| 2018 Correction | ||
| % Loss | -26.7% | -19.8% |
| % Gain to Breakeven | 36.4% | 24.7% |
| Time to Breakeven | 128 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -57.7% | -56.8% |
| % Gain to Breakeven | 136.6% | 131.3% |
| Time to Breakeven | 1,653 days | 1,480 days |
Compare to FLY, ATRO, BETA, GE, RTX
In The Past
L3Harris Technologies's stock fell -40.4% during the 2022 Inflation Shock from a high on 3/7/2022. A -40.4% loss requires a 67.9% gain to breakeven.
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AI Analysis | Feedback
Like a **Lockheed Martin** that specializes in advanced electronics, communications, and space systems for defense.
Similar to **Raytheon Technologies**, but with a strong focus on cutting-edge communications, sensors, and electronic warfare.
Think of it as a **Honeywell Aerospace** dedicated to advanced military and government electronics and communications technology.
AI Analysis | Feedback
- Defense Electronics: Develops and manufactures electronic warfare, intelligence, surveillance, and reconnaissance (ISR) systems for military applications.
- Communication Systems: Provides secure tactical radios, satellite communication terminals, and broadband networking solutions for defense and public safety.
- Space Systems: Offers satellite payloads, optical systems, and ground control solutions for national security and civil space missions.
- Aeronautical Systems: Designs and integrates avionics, mission systems, and components for military aircraft and unmanned aerial vehicles.
- Rocket Propulsion Systems: Develops and manufactures rocket engines and missile propulsion systems for space launch, strategic, and tactical applications.
AI Analysis | Feedback
L3Harris Technologies (LHX) sells primarily to government entities, most notably the United States Government, which consistently accounts for the majority of its revenue. It also serves international governments and commercial customers.
While its largest single customer is the U.S. Government (which is not a "company" in the traditional sense), L3Harris Technologies also sells its advanced systems, components, and services to other major defense prime contractors. These companies integrate L3Harris's products into their larger platforms and systems, which are then often sold to governments worldwide. Therefore, significant customers in the "other companies" category include:
Lockheed Martin Corporation (Symbol: LMT)
RTX Corporation (Symbol: RTX)
The Boeing Company (Symbol: BA)
Northrop Grumman Corporation (Symbol: NOC)
AI Analysis | Feedback
- RTX Corporation (RTX)
- Honeywell International Inc. (HON)
- Spirit AeroSystems Holdings, Inc. (SPR)
AI Analysis | Feedback
Christopher E. Kubasik, Chair & Chief Executive Officer
Appointed Chief Executive Officer in June 2021 and Chair in June 2022, Christopher E. Kubasik possesses over 30 years of experience in the aerospace and defense industry. Before the L3Harris merger in 2019, he served as CEO of L3 Technologies. Prior to joining L3 Technologies in 2015, he held the role of President and Chief Operating Officer at Lockheed Martin Corporation. He also served as President and CEO of the Seabury Advisory Group LLC, an aviation and A&D professional services firm. Earlier in his career, he was a partner at Ernst & Young.
Kenneth L. Bedingfield, Senior Vice President and Chief Financial Officer
Kenneth L. Bedingfield was appointed Senior Vice President and Chief Financial Officer effective December 11, 2023. He brings three decades of experience across complex defense, technology, and financial services organizations. Prior to joining L3Harris, he served as Chief Executive Officer of Epirus, Inc., where he led the startup from research and development through production of electronic components and directed energy systems. Before Epirus, Mr. Bedingfield was the Corporate Vice President and CFO for Northrop Grumman for five years. He began his career with KPMG, where he was a Partner leading the Aerospace and Defense Audit practice.
Edward J. Zoiss, President, Space & Airborne Systems
Edward J. Zoiss is responsible for the business strategy, financial performance, successful execution, and growth of the Space & Airborne Systems segment. Before the L3Harris merger in June 2019, he was president of Harris Corporation's Electronic Systems segment. Mr. Zoiss joined Harris in 1995 as a principal mechanical engineer and progressed through various leadership roles, including director of Research and Development and vice president of Business Development for National Programs. He holds 13 patents.
Ross Niebergall, President, Aerojet Rocketdyne Segment
Ross Niebergall was appointed President of the Aerojet Rocketdyne Segment in 2023, following L3Harris' acquisition of the propulsion systems maker. Previously, he held the position of Vice President and Chief Technology Officer of L3Harris, where he led the company's engineering and technology organization. He joined Harris Corporation in 2017 as Vice President and Chief Technology Officer prior to its merger with L3 Technologies. Before Harris, he served as Vice President and Deputy for Development Programs, Engineering, and Technology for Raytheon's Intelligence, Information, and Services unit, and as Chief Executive Officer of U.S. operations for the Thales-Raytheon Systems joint venture.
Jon Rambeau, President, Integrated Mission Systems
Jon Rambeau was named President of L3Harris' Integrated Mission Systems in September 2022. He is responsible for the segment's specialization in advanced maritime and airborne intelligence, surveillance, and reconnaissance platforms. Mr. Rambeau brings 26 years of experience in the aerospace and defense industry, having previously served as Vice President and General Manager of Integrated Warfare Systems and Sensors for Lockheed Martin's Rotary and Mission Systems business, where he began his career as a mechanical engineer.
AI Analysis | Feedback
The key risks to L3Harris Technologies (LHX) are primarily driven by its significant exposure to government defense spending, the nature of its contracts, and the competitive landscape of the aerospace and defense industry.
- Dependence on Government Contracts and Defense Spending Fluctuations: L3Harris Technologies generates a substantial portion of its revenue, approximately 80%, from federal contracts. This heavy reliance exposes the company to the inherent risks of changes in U.S. government defense spending, budget cuts, and shifts in policy. Any significant reduction in defense budgets or changes in national security priorities could materially impact the company's financial performance and order growth.
- Risks Associated with Fixed-Price Contracts and Potential Cost Overruns: A large percentage of L3Harris's revenue, around 75%, is derived from fixed-price contracts. This contract structure places the burden of cost overruns and unexpected expenses on the company, rather than the customer. In an environment of inflation or unforeseen operational challenges, these contracts can lead to reduced margins or even losses, impacting profitability.
- Intense Competition and Slower Organic Growth: L3Harris operates within a highly competitive aerospace and defense market, facing numerous established players and specialized technology firms. The company has experienced slower organic growth rates compared to some of its industry peers, which could potentially weaken its competitive position, lead to a loss of market share, and limit opportunities for contract wins over the long term. This competitive pressure can also restrict margin expansion in already saturated market segments.
AI Analysis | Feedback
The U.S. Department of Defense's (DoD) increasing emphasis on rapidly integrating commercial off-the-shelf (COTS) technologies, leveraging open-source solutions, and engaging non-traditional defense contractors, including commercial technology companies and startups. This strategic shift aims to accelerate innovation, reduce costs, and improve acquisition agility, posing a threat to traditional prime contractors like L3Harris Technologies who historically rely on bespoke, high-cost, and long-development cycle proprietary systems. This could lead to a fragmentation of contracts and direct competition from agile new entrants in areas such as software-defined systems, artificial intelligence, machine learning, cybersecurity, and rapid prototyping.
AI Analysis | Feedback
L3Harris Technologies (symbol: LHX) operates across various defense and commercial technology domains, offering a range of products and services. The addressable markets for their main products and services are sized as follows:
- Tactical Communications: The global tactical communications market was valued at approximately USD 21.60 billion in 2025 and is projected to grow to about USD 29.65 billion by 2030, with a Compound Annual Growth Rate (CAGR) of 6.54%.
- Electronic Warfare (EW) Systems: The global electronic warfare market was valued at USD 17.91 billion in 2023, with projections to reach USD 36.64 billion by 2031 at a CAGR of 9.44%. Another estimate places the global market at USD 15.23 billion in 2024, expanding to USD 89.45 billion by 2035 at a CAGR of 14.59%. In North America, this market accounted for 45.34% of the global share in 2023, valued at USD 16.85 billion.
- Intelligence, Surveillance, and Reconnaissance (ISR) Systems: The global intelligence, surveillance, and reconnaissance market is estimated to be approximately USD 53.85 billion in 2025, with an anticipated growth to USD 73.45 billion by 2029 at an 8.1% CAGR. Another report projects the global ISR market to grow from USD 44.4 billion in 2025 to USD 76.5 billion by 2035. North America was the largest regional market for ISR in 2024, and is expected to exceed USD 26.5 billion by 2034.
- Maritime Systems (under Integrated Mission Systems): The global maritime safety system market was valued at USD 30.31 billion in 2024 and is projected to reach USD 70.68 billion by 2033, growing at a CAGR of 10.0%. The North America maritime safety system industry held a 34.1% share of the global market in 2024. The U.S. maritime safety system market size was approximately USD 12.07 billion in 2024 and is projected to reach around USD 24.41 billion by 2034.
- Mission Critical Communication: The global mission-critical communication market was valued at USD 19.98 billion in 2024 and is projected to grow from USD 22.02 billion in 2025 to reach USD 47.97 billion by 2033, at a CAGR of 10.22%. North America is experiencing robust growth in this market.
- Aerospace Propulsion: Null
AI Analysis | Feedback
L3Harris Technologies (LHX) is expected to drive future revenue growth over the next 2-3 years through several key factors:- Increased International Demand and Deliveries: The company has observed strong international demand, particularly for resilient software-defined communication equipment, leading to increased international deliveries across its Communication Systems and other segments. This growing global market for defense technologies presents a significant opportunity for sustained revenue expansion.
- Growth in Key Strategic Domains: L3Harris is strategically positioned for growth in high-priority areas such as space-based systems, missile and munitions programs, hypersonics, autonomy, and intelligence, surveillance, and reconnaissance (ISR) programs. The acquisition and strong performance of Aerojet Rocketdyne, specifically in missile and munitions production, significantly enhances capabilities and market share in these critical defense sectors.
- Robust Order Backlog and New Contract Wins: The company has reported a record pipeline and strong orders, indicated by a healthy book-to-bill ratio of 1.2x or higher in recent quarters, and a record backlog of $34 billion at the end of 2024. Securing significant new contracts, such as the $2.2 billion Korea Airborne Early Warning & Control award, boosts the order book and provides clear visibility for future revenue.
- New Program Ramps and Higher Production Volumes: Revenue growth is expected from new program ramps and increased production volumes across various segments. This includes growth in missile and munitions programs, as well as the Next Generation Jammer program, as these move from development into full production.
- Strategic Alignment with Growing U.S. and Allied Defense Budgets: L3Harris is benefiting from a generational investment cycle in defense, with increasing U.S. and allied defense budgets aligned with national security priorities. This favorable policy environment and demand for advanced defense solutions provide a strong tailwind for the company's revenue growth.
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Share Repurchases
- L3Harris Technologies committed to over $3.7 billion in share buybacks from 2024 to 2026, targeting 100% cash return post-deleveraging.
- In October 2022, the Board approved an additional $3.0 billion share repurchase authorization, bringing the total current authorization to approximately $4.5 billion.
- The company repurchased $569 million of shares in the first quarter of 2025 and returned $1.4 billion to shareholders through dividends and share repurchases in 2024.
Share Issuance
- No significant share issuances for capital raising purposes by L3Harris Technologies were identified in the last 3-5 years.
Outbound Investments
- L3Harris Technologies completed the acquisition of Aerojet Rocketdyne in July 2023, forming a fourth business segment.
- The company acquired the Tactical Data Links (TDL) product line for approximately $1.96 billion, with the acquisition completed in January 2023.
- Since its merger, L3Harris has divested 13 non-core businesses, representing approximately $2 billion in non-core revenue, while also investing in over 40 high-tech, dual-use technology companies.
Capital Expenditures
- Capital expenditures for L3Harris Technologies were $342 million in fiscal 2021, $252 million in fiscal 2022, $449 million in fiscal 2023, and $408 million in fiscal 2024.
- For the latest twelve months ending June 27, 2025, capital expenditures were $343 million.
- The company has made timely investments ahead of the curve in growth areas such as space and munitions, reflecting a focus on innovation and supporting future growth.
Latest Trefis Analyses
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
Select ideas related to LHX. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11212025 | CNM | Core & Main | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 17.7% | 17.7% | -1.6% |
| 11212025 | VRRM | Verra Mobility | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 4.4% | 4.4% | -1.2% |
| 11212025 | LII | Lennox International | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 6.3% | 6.3% | 0.0% |
| 11212025 | ADP | Automatic Data Processing | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 2.2% | 2.2% | -1.2% |
| 11212025 | CW | Curtiss-Wright | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | 6.3% | 6.3% | -0.4% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for L3Harris Technologies
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 320.83 |
| Mkt Cap | 87.8 |
| Rev LTM | 46,218 |
| Op Inc LTM | 4,712 |
| FCF LTM | 3,378 |
| FCF 3Y Avg | 2,766 |
| CFO LTM | 4,578 |
| CFO 3Y Avg | 4,071 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 4.7% |
| Rev Chg 3Y Avg | 7.7% |
| Rev Chg Q | 7.7% |
| QoQ Delta Rev Chg LTM | 1.9% |
| Op Mgn LTM | 10.3% |
| Op Mgn 3Y Avg | 10.2% |
| QoQ Delta Op Mgn LTM | 0.1% |
| CFO/Rev LTM | 9.0% |
| CFO/Rev 3Y Avg | 9.9% |
| FCF/Rev LTM | 7.0% |
| FCF/Rev 3Y Avg | 7.2% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 87.8 |
| P/S | 1.9 |
| P/EBIT | 17.8 |
| P/E | 24.3 |
| P/CFO | 19.9 |
| Total Yield | 5.7% |
| Dividend Yield | 1.5% |
| FCF Yield 3Y Avg | 4.3% |
| D/E | 0.2 |
| Net D/E | 0.2 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 4.1% |
| 3M Rtn | 2.7% |
| 6M Rtn | 22.4% |
| 12M Rtn | 31.0% |
| 3Y Rtn | 50.9% |
| 1M Excs Rtn | -0.5% |
| 3M Excs Rtn | -1.4% |
| 6M Excs Rtn | 7.9% |
| 12M Excs Rtn | 15.4% |
| 3Y Excs Rtn | -30.5% |
Comparison Analyses
Segment Financials
Assets by Segment| $ Mil | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Corporate | 10,679 | 7,966 | 8,690 | |
| Integrated Mission Systems (IMS) | 10,631 | 11,283 | 11,830 | 8,906 |
| Space and Airborne Systems (SAS) | 9,085 | 8,475 | 8,151 | 6,943 |
| Communication Systems (CS) | 7,084 | 5,800 | 6,035 | 5,746 |
| Aerojet Rocketdyne (AR) | 4,208 | |||
| Other non-reportable businesses | 3 | |||
| Aviation Systems | 5,026 | |||
| Other | 10,339 | |||
| Total | 41,687 | 33,524 | 34,709 | 36,960 |
Price Behavior
| Market Price | $297.83 | |
| Market Cap ($ Bil) | 55.7 | |
| First Trading Date | 12/29/2006 | |
| Distance from 52W High | -2.5% | |
| 50 Days | 200 Days | |
| DMA Price | $286.16 | $257.76 |
| DMA Trend | up | indeterminate |
| Distance from DMA | 4.1% | 15.5% |
| 3M | 1YR | |
| Volatility | 26.1% | 22.2% |
| Downside Capture | 74.29 | 22.53 |
| Upside Capture | 82.19 | 53.72 |
| Correlation (SPY) | 32.9% | 35.4% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.49 | 0.46 | 0.50 | 0.14 | 0.39 | 0.43 |
| Up Beta | 0.24 | 0.65 | 0.42 | -0.13 | 0.54 | 0.47 |
| Down Beta | 1.55 | 0.83 | 0.81 | 0.41 | 0.31 | 0.36 |
| Up Capture | -16% | -14% | 32% | 25% | 25% | 16% |
| Bmk +ve Days | 12 | 25 | 38 | 73 | 141 | 426 |
| Stock +ve Days | 6 | 15 | 29 | 70 | 125 | 379 |
| Down Capture | 73% | 57% | 45% | -7% | 35% | 70% |
| Bmk -ve Days | 7 | 16 | 24 | 52 | 107 | 323 |
| Stock -ve Days | 13 | 26 | 33 | 55 | 123 | 367 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Comparison of LHX With Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| LHX | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 42.2% | 20.4% | 18.8% | 72.9% | 9.0% | 3.7% | -11.4% |
| Annualized Volatility | 22.2% | 18.8% | 19.5% | 19.2% | 15.3% | 17.2% | 35.0% |
| Sharpe Ratio | 1.50 | 0.85 | 0.76 | 2.72 | 0.36 | 0.05 | -0.14 |
| Correlation With Other Assets | 50.7% | 35.5% | 13.6% | 18.9% | 40.8% | 13.1% | |
ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data
| Comparison of LHX With Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| LHX | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 11.9% | 13.8% | 14.8% | 18.9% | 11.8% | 4.7% | 35.5% |
| Annualized Volatility | 23.2% | 17.2% | 17.1% | 15.5% | 18.7% | 18.9% | 48.9% |
| Sharpe Ratio | 0.45 | 0.64 | 0.70 | 0.98 | 0.51 | 0.16 | 0.62 |
| Correlation With Other Assets | 47.7% | 32.3% | 12.0% | 21.1% | 34.9% | 11.2% | |
ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Comparison of LHX With Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| LHX | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 15.9% | 13.5% | 14.8% | 15.1% | 6.8% | 5.4% | 69.1% |
| Annualized Volatility | 25.3% | 19.9% | 18.0% | 14.8% | 17.6% | 20.8% | 55.8% |
| Sharpe Ratio | 0.60 | 0.60 | 0.71 | 0.85 | 0.31 | 0.23 | 0.90 |
| Correlation With Other Assets | 58.3% | 47.8% | 6.5% | 23.0% | 45.6% | 9.0% | |
ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/30/2025 | 3.1% | 0.1% | -4.7% |
| 7/24/2025 | 1.3% | 1.7% | 2.4% |
| 4/24/2025 | -0.0% | 1.7% | 10.6% |
| 1/30/2025 | 0.1% | -1.4% | -2.8% |
| 10/24/2024 | 3.5% | 1.4% | 2.1% |
| 7/25/2024 | -5.7% | -5.8% | -5.2% |
| 4/25/2024 | 3.5% | 1.9% | 7.7% |
| 1/25/2024 | 2.2% | 2.4% | 3.5% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 14 | 16 | 15 |
| # Negative | 10 | 8 | 9 |
| Median Positive | 2.3% | 2.1% | 4.5% |
| Median Negative | -2.6% | -4.9% | -4.7% |
| Max Positive | 7.9% | 11.1% | 18.3% |
| Max Negative | -6.3% | -8.2% | -12.2% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 10302025 | 10-Q 10/3/2025 |
| 6302025 | 7242025 | 10-Q 6/30/2025 |
| 3312025 | 4242025 | 10-Q 3/28/2025 |
| 12312024 | 2142025 | 10-K 1/3/2025 |
| 9302024 | 10252024 | 10-Q 9/27/2024 |
| 6302024 | 7262024 | 10-Q 6/28/2024 |
| 3312024 | 4262024 | 10-Q 3/29/2024 |
| 12312023 | 2202024 | 10-K 12/29/2023 |
| 9302023 | 10272023 | 10-Q 9/29/2023 |
| 6302023 | 7262023 | 10-Q 6/30/2023 |
| 3312023 | 4282023 | 10-Q 3/31/2023 |
| 12312022 | 2242023 | 10-K 12/30/2022 |
| 9302022 | 10312022 | 10-Q 9/30/2022 |
| 6302022 | 7292022 | 10-Q 7/1/2022 |
| 3312022 | 4292022 | 10-Q 4/1/2022 |
| 12312021 | 2252022 | 10-K 12/31/2021 |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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