L3Harris Technologies (LHX) has been marked as one of the best drone stocks with a steady accumulation of contracts including a $214 Million deal with German Military. Investment giants
Jim Cramer and Goldman Sachs remain bullish about the performance of L3Harris, citing its worthwhile presence in the defense tech space. Despite facing reductions in defense spending, the company's financial prospects don't seem to be dragging the stock down. Institutional shareholders hold major stakes (88%) of L3harris stock, implying strong investor trust. In another positive move, L3Harris Technologies recently increased its dividend to $1.20. They announced a quarterly
dividend hike of 3.4% and rewarded shareholders with
a respectable 34% return achieved over the last five years. L3Harris Technologies' quarterly earnings missed expectations due to low Q1 revenue, however, they quickly bounced back and beat earnings in the following quarter. In terms of debt management, L3Harris Technologies maintains a healthy balance sheet. But the company's recent decision to
sell its aviation business led to a cut in 2025 forecasts. Despite this, L3Harris Technologies' leadership remains optimistic about the company's future, particularly their strategic focus on defense technology.
L3harris Technologies LHX News Analytics from Wed, 23 Oct 2024 07:00:00 GMT to Thu, 15 May 2025 21:49:25 GMT -
Rating 8
- Innovation 7
- Information 9
- Rumor -5
