LHX Latest Report

Financial Performance

L3Harris Technology's total operating revenue in January 3, 2025 was RMB5.523 billion. Through the analysis of this data, we can better understand the company's profitability and market performance. The change in total operating revenue reflects changes in market demand, sales strategies, and overall business conditions, which need to be considered in the context of market environment and competition.

Key Financial Data

1. L3Harris' total operating revenue in 2024 was US$15.802 billion, indicating a stable revenue source.

2. The revenue in the third quarter of 2024 was US$5.292 billion, up about 7.0% year-on-year.

3. The defense spending budget in 2024 was RMB1,665.54 billion, up 7.2%, indicating stable growth potential in the industry.

4. L3Harris launched new anti-jamming waveform packages and upgraded communication infrastructure contracts in 2025, demonstrating its technological innovation capabilities.

5. Competitor Northrop Grumman is expected to report revenue of US$11.01 billion in its upcoming earnings report, showing strong market demand.

Peer Comparison

1. Industry-wide analysis: The overall revenue of the defense and aerospace industry is showing growth, reflecting the improvement in market demand and industry sentiment. The growth in defense spending in 2024 is related to the overall development of the industry, and is expected to continue to drive its profitability.

2. Peer evaluation analysis: L3Harris' revenue growth rate is higher than the industry average, indicating that the company occupies a certain advantage in the market. Compared with Northrop Grumman, L3Harris needs to focus on its market strategy and competitiveness to maintain its market position.

Summary

Through the financial analysis of L3Harris, we see that its total operating revenue remains growing in 2025, benefiting from the stable development of the industry and the company's own innovation capabilities. Despite facing competition, L3Harris still shows strong competitiveness in the market.

Opportunities

1. The company's new products and services are expected to further expand its market share and increase revenue.

2. The continuous growth of defense spending provides stable market demand for the company.

3. When competitors perform poorly, L3Harris has the opportunity to attract more customers.

Risks

1. Strong performance from competitors may pose a threat to L3Harris' market share.

2. Changes in the external economic environment may affect overall sales performance.

3. Fluctuations in industry-wide demand may affect the company's revenue growth.