L3Harris (LHX)
Industrials · Defense and Government Contracting
L3Harris is a major U.S. defense and government contractor providing integrated defense systems, intelligence, surveillance, and reconnaissance technologies to government and military customers worldwide.
What L3Harris does
L3Harris Technologies is a large defense and aerospace contractor primarily serving U.S. government and military customers. The company designs, manufactures, and integrates advanced electronic systems and technologies for defense, intelligence, and communications applications. With 75% of revenue derived from fixed-price contracts, L3Harris generates substantial revenue from government contracts subject to audit, regulation, and potential termination at government convenience.
Themes: ["Defense spending","U.S. government contracting","Military modernization","Fixed-price contract risk","Government audit exposure"]
Fundamentals
- Price$289.87 as of 2026-07-09 close
- Market cap$53.9B as of 2026-07-10
- 1-year return+11.9% as of 2026-07-09 close
- P/E31.10 as of 2026-07-10
- Net margin+7.5% as of 2026-07-10
- Gross margin+24.9% as of 2026-07-10
- ROE+8.9% as of 2026-07-10
- Debt / equity0.58 as of 2026-07-10
- Revenue growth (YoY)-20.8% as of 2026-07-10
- Revenue CAGR (3y)+4.6% SEC XBRL
- Beta0.51 as of 2026-07-10
Dividend: yield +1.7%; 2-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Fixed-price contract cost overruns: 75% of revenue from fixed-price contracts exposes the company to losses from inflation, supply chain disruption, labor market pressures, and underestimated technical requirements.","Government audit adjustments and contract termination: U.S. government audits can result in revenue reduction, profit forfeiture, and termination at government convenience with limited compensation.","Stringent procurement regulations and compliance requirements: Subject to extensive government oversight, suspension/debarment risk, and evolving socioeconomic and environmental regulations that could impact contract performance and future bid eligibility."]
Competitors & peers
- Raytheon Technologies
- Lockheed Martin
- General Dynamics
- Northrop Grumman
- Boeing
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.