L3Harris Technologies (LHX) PT Raised to $252 at Vertical Research Partners
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Arlington Capital Partners Signs Definitive Agreement to Acquire L3Harris Technologies’ Electron Devices and Narda Microwave-West Divisions; Will Form Stellant Systems
August 3, 2021 8:00 AM EDTWASHINGTON--(BUSINESS WIRE)-- Arlington Capital Partners (Arlington), a Washington, DC-area private equity firm, today announced that an affiliate has entered into definitive agreements to acquire L3Harris Technologies (NYSE: LHX) Electron Devices and Narda Microwave-West divisions (the Company). The agreement is subject to customary closing conditions and regulatory approvals.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210803005575/en/
After closing, the Company will operate independently as Stellant Systems (Stellant)... More
L3Harris Reports Strong Second Quarter 2021 Results
August 3, 2021 6:30 AM EDTRevenue $4.7 billion, up 5.0% versus prior year and 6.2% on an organic1 basis Margins and earnings Net income margin of 8.8%; adjusted earnings before interest and taxes (EBIT) margin3 of 18.6% GAAP earnings per share from continuing operations (EPS) of $2.01, up 55% Non-GAAP EPS3 of $3.26, up 15% Cash flow and capital deployment Operating cash flow of $720 million; adjusted free cash flow (FCF)3 of $685 million Returned $1,057 million to shareholders through $850 million in share... More
