LHX
IndustrialsL3Harris Technologies, Inc. · Aerospace & Defense · $58B
What is L3Harris Technologies, Inc.?
L3Harris Technologies is a large-cap aerospace and defense company delivering mission-critical systems to government and commercial customers across the globe. Headquartered in Melbourne, Florida, it operates across intelligence, communications, space, and electronic warfare markets.
L3Harris generates revenue through three primary segments: Integrated Mission Systems, Space and Airborne Systems, and Communication Systems. The company designs, manufactures, and supports ISR platforms, space payloads, tactical radios, electronic warfare systems, and night vision equipment. Its customers are predominantly government and defense agencies, making long-term contracts and program awards central to its business model. Fleet management, depot maintenance, and cyber defense solutions round out its service portfolio.
L3Harris traces its roots to 1981 and is headquartered in Melbourne, Florida.
- Multi-mission ISR and airborne surveillance systems
- Space payloads, sensors, and full-mission solutions
- Tactical communications and SATCOM terminals
- Electronic warfare and mission avionics systems
- Night vision and electro-optical infrared solutions
Is LHX a Good Stock to Buy?
UQS Score rates LHX as Below Average overall, reflecting a profile where no single pillar stands out as a clear strength.
Across the five pillars, Quality, Moat, Growth, Risk, and Valuation each land at a Neutral rating — suggesting L3Harris is neither a standout performer nor a clear laggard relative to sector peers. The company's diversified defense portfolio and long-cycle government contracts provide a degree of revenue predictability that underpins its Neutral Quality and Moat assessments.
With every pillar rated Neutral, investors should note that the composite Below Average UQS Score reflects limited differentiation — the stock does not score well enough in any dimension to offset weaknesses elsewhere.
See the exact pillar breakdown and full financial metrics by signing up for a UQS Pro account. Sign up free →
Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does LHX pay dividends?
Yes — L3Harris Technologies, Inc. pays a dividend.
L3Harris pays a regular dividend, which is relatively common among established defense primes that generate steady contract-backed cash flows. The dividend reflects management's commitment to returning capital to shareholders alongside reinvestment in program development. Income-oriented investors may find the dividend cadence appealing, though the full yield context is available in the Pro view.
When does LHX report earnings?
L3Harris Technologies reports earnings on a quarterly cadence, typical for US-listed large-cap equities.
The company's results tend to reflect the rhythm of defense program awards, contract renewals, and government budget cycles. Revenue visibility is generally supported by a backlog of multi-year government contracts across its three segments.
For the most recent quarter's results and guidance updates, visit L3Harris Technologies' investor relations page directly.
LHX Price History
+71.6% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in L3Harris Technologies, Inc.?
Based on L3Harris Technologies, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
LHX Long-term Outlook
With Growth and Risk both rated Neutral, L3Harris presents a measured fundamental outlook. Defense spending tailwinds — particularly in ISR, space, and electronic warfare — could support steady top-line progression, but the company's scale and integration complexity may temper margin expansion. The Neutral Valuation label suggests the market is not pricing in a significant discount or premium relative to fundamentals.
Growth drivers
- Sustained government demand for ISR and electronic warfare capabilities
- Expansion in space payloads and classified intelligence programs
- Tactical communications modernization across allied defense forces
Key risks
- Dependence on US and allied government budget appropriations
- Program execution risk across large, complex defense contracts
- Competitive pressure from larger and more specialized defense primes
LHX vs Peers
L3Harris competes across several defense and aerospace niches, facing peers that range from highly specialized component suppliers to full-spectrum defense primes.
TransDigm focuses on proprietary aerospace components with a highly acquisitive model, contrasting with L3Harris's systems-integration and government-program approach.
Rocket Lab is a smaller, growth-oriented launch and space systems company, occupying a different risk and scale profile compared to L3Harris's established defense prime status.
General Dynamics is a broader defense prime with significant land systems and IT services exposure, competing with L3Harris in communications and mission systems.
Frequently Asked Questions
What does L3Harris Technologies do?
L3Harris Technologies designs and delivers mission-critical aerospace and defense solutions. Its three segments cover intelligence and surveillance systems, space and airborne payloads, and tactical communications. Customers are primarily government and defense agencies in the US and allied nations.
Does LHX pay dividends?
Yes, L3Harris pays a regular dividend. The company's contract-backed revenue model supports consistent capital returns to shareholders. For current yield and payout details, the full dividend data is available to UQS Pro members.
When does LHX report earnings?
L3Harris reports on a standard quarterly cadence. Exact upcoming dates are not provided by our data source — check the company's investor relations page or a financial calendar for the next scheduled report.
Is LHX a good stock to buy?
The UQS Score rates LHX as Below Average, with all five pillars — Quality, Moat, Growth, Risk, and Valuation — landing at Neutral. This composite profile suggests limited differentiation versus sector peers. Pro members can view the full pillar breakdown to form their own assessment.
Is LHX overvalued?
LHX carries a Neutral Valuation rating on the UQS platform, indicating the stock is neither clearly cheap nor obviously expensive relative to its fundamentals. The complete valuation metrics are available in the Pro view.
How does LHX compare to its competitors?
L3Harris sits alongside peers like General Dynamics, TransDigm, and Rocket Lab, each with distinct business models. L3Harris differentiates through its breadth across ISR, space, and communications — though its Neutral pillar ratings suggest it does not decisively outperform peers on quality or growth metrics.
What is LHX's market cap bracket?
L3Harris Technologies is classified as a large-cap company. This places it among the more established and liquid names in the aerospace and defense sector, typically attracting institutional investor attention.
Who founded L3Harris Technologies?
L3Harris Technologies was formed through the merger of L3 Technologies and Harris Corporation, with Harris Corporation's roots dating to 1895. The combined entity was established in 2019. Founding history for both predecessor companies is widely available through public records.
Is LHX a long-term quality investment?
As a long-term quality indicator, LHX's Below Average UQS Score — driven by five Neutral pillar ratings — suggests the company does not currently demonstrate the kind of durable competitive advantages or growth profile that typically characterize high-conviction long-term holdings. Pro members can track pillar changes over time.
What is the main competitive advantage of L3Harris?
L3Harris's breadth across ISR, space, electronic warfare, and tactical communications gives it a diversified program base. Long-cycle government contracts provide revenue visibility. However, the Neutral Moat rating on UQS suggests these advantages are not yet translating into a clearly defensible competitive position relative to peers.
What sector does LHX belong to?
LHX is classified in the Industrials sector, specifically within the aerospace and defense industry. Defense primes like L3Harris are often evaluated on government budget exposure, contract backlog, and program execution alongside traditional industrial metrics.
Is LHX a growth stock or value stock?
With both Growth and Valuation rated Neutral on the UQS platform, LHX does not fit neatly into either category. It lacks the elevated growth profile of a pure growth stock and does not carry the discounted valuation signal of a classic value play.
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Pro Analysis
LHX — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 7, 2026 | 46.9 | 42.4 | 46.0 | 46.6 | 43.6 | 59.7 | +0.2 |
| May 4, 2026 | 46.7 | 42.4 | 46.0 | 46.6 | 43.6 | 58.7 | 0.0 |
| May 3, 2026 | 46.7 | 42.4 | 46.0 | 46.4 | 43.6 | 58.6 | +0.1 |
| May 2, 2026 | 46.6 | 42.4 | 46.0 | 46.4 | 43.6 | 58.2 | 0.0 |
| Apr 26, 2026 | 46.6 | 42.4 | 46.0 | 46.1 | 43.6 | 58.2 | +0.5 |
| Apr 19, 2026 | 46.1 | 42.4 | 46.0 | 46.1 | 43.6 | 54.7 | +0.2 |
| Apr 18, 2026 | 45.9 | 42.3 | 46.0 | 46.1 | 43.6 | 53.7 | -1.0 |
| Apr 17, 2026 | 46.9 | 42.3 | 46.0 | 46.1 | 43.6 | 60.6 | -0.1 |
| Apr 16, 2026 | 47.0 | 42.2 | 46.0 | 46.1 | 43.6 | 61.0 | +0.1 |
| Apr 15, 2026 | 46.9 | 42.2 | 46.0 | 46.1 | 43.6 | 60.7 | -1.0 |
LHX — Pillar Breakdown
Quality
— 44.1/100 (25%)L3Harris Technologies, Inc. has average quality metrics, with room for improvement in margins or capital efficiency.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 46.9/100 (20%)L3Harris Technologies, Inc. shows steady but unspectacular growth, typical for mature companies.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 58.0/100 (15%)L3Harris Technologies, Inc. maintains a reasonable risk profile with manageable debt levels.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 63.8/100 (15%)L3Harris Technologies, Inc. trades at a reasonable valuation with decent earnings yield and FCF multiples.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 46/100 (25%)L3Harris Technologies, Inc. possesses some competitive advantages but faces meaningful competition. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for LHX.
Score Composition
Financial Data
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How is the LHX UQS Score Calculated?
The UQS (Unified Quality Score) for L3Harris Technologies, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses L3Harris Technologies, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether L3Harris Technologies, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.