L3Harris Technologies Reports Strong Second Quarter 2024 Results, Increases 2024 Guidance

Revenue: Second quarter revenue increased 4%, primarily from higher volumes in Broadband Communications and increased Department of Defense (DoD) sales in Tactical Communications.

Operating Margin: Second quarter operating margin decreased 80 bps primarily from higher domestic tactical radio mix and timing of software sales, partially offset by LHX NeXt cost savings and the favorable impact of legal settlements.

AR

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Second Quarter

 

Year to Date

 

2024 Guidance*

 

 

($ millions)

2024

 

2023

 

Change

 

2024

 

2023

 

Change

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

$

581

 

 

$

 

 

 

 

$

1,123

 

 

$

 

 

 

 

$2,400 - $2,500

 

 

Operating margin

 

12.9

%

 

 

%

 

 

 

 

13.1

%

 

 

%

 

 

 

high 11%*

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


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