L3Harris Technologies, Inc. Reports Earnings Results for the Fourth Quarter Ended January 1, 2021
January 29, 2021 at 05:07 pm IST
Share
L3Harris Technologies, Inc. announced earnings results for the fourth quarter ended January 1, 2021. For the fourth quarter, the company announced net income was USD 193 million compared to USD 393 million a year ago. Basic earnings per share was USD 0.92 compared to USD 1.79 a year ago. Diluted earnings per share was USD 0.91 compared to USD 1.77 a year ago. Diluted earnings per share from continuing operations was USD 0.92 compared to USD 1.77 a year ago. For the full year, net income was USD 1,119 million compared to USD 1,333 million a year ago. Basic earnings per share was USD 5.23 compared to USD 8.04 a year ago. Diluted earnings per share was USD 5.19 compared to USD 7.89 a year ago. Basic earnings per share from continuing operations was USD 5.24 compared to USD 8.04 a year ago. Diluted earnings per share from continuing operations was USD 5.19 compared to USD 7.9 a year ago.
L3Harris Technologies, Inc. specializes in the design, manufacturing and marketing of information and communication equipment for the defense, government agency, and commercial structure markets. Net sales break down by family of products as follows:
- integrated mission systems (32.4%): intelligence, surveillance and reconnaissance systems, communication systems, electrical and electronic systems for marine platforms, advanced electro-optical and infrared solutions, etc. ;
- space and airborne systems (28.3%): payload systems, sensors, complete mission solutions, confidential intelligence systems, cyber defense solutions, electronic warfare systems, etc;
- communication systems (23.8%): tactical communication systems, broadband communications, integrated visual communications solutions, etc;
- aviation systems (15.5%): air defense systems, commercial aircraft equipment, pilot training solutions and air traffic management systems.
Net sales break down by source of income between sales of products (78.9%) and services (26.1%).
The United States account for 90.2% of net sales.
L3HARRIS TECHNOLOGIES, INC. 
