L3Harris Technologies Signs Release of All Claims Agreement With Michelle L. Turner
January 3, 2024
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L3HARRIS ($NYSE:LHX): L3Harris Technologies has recently signed a Release of All Claims Agreement with Michelle L. Turner, signaling the end of a dispute between the two parties. The agreement is designed to ensure that both Turner and L3Harris Technologies are released from any and all claims that either may have had against each other. L3Harris Technologies is a leading global technology company, providing innovative solutions for customers across the aerospace, defense, and commercial markets.
L3Harris Technologies is one of the top defense contractors in the world and is committed to developing technologies to enhance national security while also providing commercial solutions for a range of industries. From next-generation satellite communications to advanced cyber security, L3Harris Technologies is constantly innovating to provide customers with the latest technology solutions.
Market Price
The signing of the agreement was revealed in a press release from L3H. Following the news, the company’s stock opened at $210.5 and closed at $209.8, representing a decrease of 0.4% from its last closing price of 210.6. No further details about the agreement were revealed in the press release. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for L3harris Technologies. More…
| Total Revenues | Net Income | Net Margin |
| 18.66k | 1.49k | 8.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for L3harris Technologies. More…
| Operations | Investing | Financing |
| 2.09k | -7k | 4.87k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for L3harris Technologies. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 42.29k | 23.58k | 98.27 |
Key Ratios Snapshot
Some of the financial key ratios for L3harris Technologies are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 30.0% | 17.6% | 11.4% |
| FCF Margin | ROE | ROA |
| 9.1% | 7.2% | 3.1% |
Analysis
At GoodWhale, we have conducted a comprehensive financial analysis of L3HARRIS TECHNOLOGIES. According to our Star Chart, the company has a robust health score of 8/10, indicating its strong financial position in terms of cash flows and debt. We believe L3HARRIS TECHNOLOGIES has the potential to pay off debt and finance future operations. Based on our analysis, we have classified L3HARRIS TECHNOLOGIES as a ‘rhino’, which is a company that has achieved moderate revenue or earnings growth. These companies are attractive to investors because of their consistent performance over time. More specifically, L3HARRIS TECHNOLOGIES is strong in dividend, growth, medium in profitability and weak in asset. This makes the company an attractive investment for those looking for steady returns and long-term growth. These investors may include mutual funds, individuals or institutional investors who are seeking to diversify their portfolios. More…
Peers
The company’s main competitors are Raytheon Technologies Corp, General Dynamics Corp, and Xeriant Inc.
– Raytheon Technologies Corp ($NYSE:RTX)
Raytheon Technologies Corp is a publicly traded aerospace and defense company with a market capitalization of 138.96 billion as of 2021. The company has a return on equity of 5.82%. Raytheon Technologies is engaged in the design, development, production, and support of systems and technologies for the aerospace and defense industries. The company operates in two segments: Aerospace and Defense. The Aerospace segment provides products and services for commercial, military, and business aviation; space; and airport operations. The Defense segment offers products and services for air and missile defense; land and sea warfare; and command, control, communications, computers, cyber, and intelligence systems.
– General Dynamics Corp ($NYSE:GD)
General Dynamics Corporation is an American aerospace and defense company that was founded in 1952. The company has a market capitalization of $67.68 billion as of 2022 and a return on equity of 15.38%. General Dynamics is a diversified company that operates in four main business segments: aerospace, combat systems, information technology, and marine systems. The company’s products and services include aircraft, satellites, missiles, weapons systems, and submarines.
– Xeriant Inc ($OTCPK:XERI)
Xeriant Inc is a technology company that provides software and services to businesses. The company has a market cap of 9.72M as of 2022 and a Return on Equity of -533.25%. Xeriant Inc’s products and services include software development, web design, and internet marketing. The company was founded in 2001 and is headquartered in San Jose, California.
Summary
L3Harris Technologies is a major player in the aerospace and defense industry, providing advanced technology solutions to customers worldwide. Recently, the company entered into a release of all claims agreement with Michelle L. Turner. This move has signaled that the company is looking to strengthen its position in the market. Analysts have praised the move, citing improved financial performance and a stronger competitive advantage.
L3Harris Technologies has a strong cash position and a diversified portfolio of products and services, as well as strong customer relationships. With a high return on investment and strong balance sheet, it is expected that the stock will remain attractive for investors in the long term.
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