L3Harris Technologies, Inc. (NYSE: LHX) is a leading aerospace and defense technology company, specializing in advanced communication systems, electronic warfare, and mission-critical solutions for government, defense, and commercial customers worldwide.
Key Takeaways:
- L3Harris Technologies has a strong position in the defense and aerospace sector
- The stock price is expected to show consistent growth over the coming decades
- Factors such as geopolitical events, technological advancements, and market conditions will influence the stock’s performance
- Long-term investors may find LHX an attractive option for portfolio growth
Overview of L3Harris Technologies, Inc.
L3Harris Technologies emerged in 2019, uniting L3 Technologies and Harris Corporation. L3, born in 1997, excelled in intelligence and surveillance systems, while Harris, dating back to 1895, pioneered communications equipment. This fusion aimed to bolster their combined strengths in integrated mission systems.
Headquartered in Melbourne, Florida, L3Harris now serves diverse clients, including the U.S. Department of Defense and commercial entities. The company leverages its rich history to innovate across air, land, sea, space, and cyber domains, strengthen its position as a leading aerospace and defense technology provider.
L3Harris Technologies, Inc. Company Profile
| Country | United States |
| Ticker Symbol | LHX |
| Exchange | NYSE |
| Founded | 2019 |
| IPO Date | 1981 |
| Industry | Defense and Aerospace |
| Sector | Technology |
| Employees | 50,000 |
| CEO | Chris Kubasik |
| Market Cap (September 11, 2024) | $43.06 billion |
| Website | l3harris |
L3Harris Technologies, Inc. (LHX) Balance Sheet Analysis
L3Harris Technologies’ 2023 balance sheet shows significant growth, with total assets reaching $41.69 billion, up 24.4% from 2022. Total liabilities increased to $22.86 billion, while shareholder equity slightly rose to $18.83 billion.
The company’s debt levels surged, with total debt at $13.13 billion and net debt at $12.57 billion. Working capital decreased to $0.05 billion, potentially indicating liquidity challenges.
Net tangible assets declined to -$9.75 billion, reflecting a high level of intangible assets. Invested capital grew to $31.89 billion, while shares outstanding slightly decreased to 189.81 million.
Overall, L3Harris’ balance sheet expansion suggests major acquisitions or growth initiatives in 2023, accompanied by increased leverage and potential financial risks.
Balance Sheet Data Source: finance.yahoo
L3Harris Technologies, Inc. Stock Price History
L3Harris Technologies, Inc. (NYSE: LHX) had its IPO in the year 1981. L3Harris Technologies (LHX) has undergone three stock splits since 1997. The first 2:1 split occurred on September 29, 1997, followed by another 2:1 split on March 31, 2005. The most recent split was on May 11, 2009, with a 10000:9448 ratio. Consequently, one share purchased before the 1997 split would now equal 4.233700254022 shares.1
As of September 11, 2024, the stock price stands at $227.01.
LHX Stock Price Forecast 2024
For the remainder of 2024, we anticipate moderate growth in LHX stock price. The company’s strong fundamentals and ongoing defense contracts are likely to support this upward trend. We project a potential increase of 11% by year-end, taking into account current market conditions and the company’s performance. L3Harris’s recent investments in advanced radar systems for naval applications are expected to boost investor confidence.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2024 | $207.01 | $251.98 | $302.38 |
LHX Stock Price Forecast 2025
In 2025, we expect L3Harris Technologies to continue its upward momentum. With potential new contract wins and expansion into emerging technologies, the stock could see a growth of around 12% compared to 2024. This increase reflects the company’s ability to adapt to changing defense needs and market demands. The company’s focus on developing AI-driven battlefield management systems is likely to drive growth in this period.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2025 | $254.25 | $282.22 | $338.66 |
LHX Stock Price Forecast 2026
The year 2026 may bring further gains for LHX stockholders. Our analysis suggests a possible 13% increase in stock price, driven by the company’s continued innovation in areas such as artificial intelligence and cybersecurity for defense applications. This growth rate indicates steady progress and market confidence in L3Harris’s strategies. The company’s expansion into commercial space technologies is expected to open up new revenue streams.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2026 | $287.30 | $318.91 | $382.69 |
LHX Stock Price Forecast 2027
As we look towards 2027, the outlook for L3Harris Technologies remains positive. We project a potential 14% growth in stock price, reflecting the company’s expanding global presence and its role in modernizing military communications systems. This increase suggests a strengthening market position and investor confidence. L3Harris’s partnerships with leading tech firms for quantum computing applications in defense are likely to boost its market value.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2027 | $327.52 | $363.55 | $436.26 |
LHX Stock Price Forecast 2028
In 2028, L3Harris may see accelerated growth, potentially reaching a 15% increase in stock price. This projection is based on anticipated advancements in space-based technologies and the company’s involvement in next-generation defense systems. The stock’s performance could benefit from increased government spending on space and defense initiatives. The company’s role in developing autonomous underwater vehicles for naval defense is expected to contribute significantly to its growth.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2028 | $376.65 | $418.09 | $501.71 |
LHX Stock Price Forecast 2029
For 2029, we forecast continued strong performance for LHX stock, with a potential 11% growth. This increase could be driven by the company’s expanding role in providing integrated solutions for both military and commercial applications. The stock’s value may also be bolstered by the company’s focus on efficiency and innovation. L3Harris’s advancements in hypersonic defense systems are expected to secure major contracts, driving stock value.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2029 | $418.08 | $464.07 | $556.88 |
LHX Stock Price Forecast 2030
As we enter the new decade, L3Harris Technologies is positioned for significant growth. We project a possible 12% increase in stock price for 2030, reflecting the company’s long-term contracts and its ability to adapt to evolving global security challenges. This growth rate suggests a robust outlook for the company’s financial health and market position. The company’s expansion into cyber warfare defense solutions is likely to open up new market opportunities. This projected growth for L3Harris is comparable to other strong performers in different sectors, such as the WCN stock price forecast, which also shows promising long-term potential.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2030 | $468.25 | $519.76 | $623.71 |
LHX Stock Price Forecast 2031
In 2031, the stock may continue its upward trajectory with a projected 13% growth. This increase could be attributed to L3Harris’s expanding portfolio of products and services, particularly in areas such as unmanned systems and electronic warfare. The company’s focus on research and development may contribute to its market value. L3Harris’s innovative approach to space-based early warning systems is expected to secure long-term government contracts.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2031 | $529.12 | $587.33 | $704.80 |
LHX Stock Price Forecast 2032
For 2032, we anticipate a potential 14% rise in LHX stock price. This growth may be fueled by the company’s increasing role in space exploration and satellite communications, as well as its continued dominance in traditional defense sectors. The company’s advancements in quantum sensing for military applications are likely to set it apart from competitors.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2032 | $603.20 | $669.55 | $803.46 |
LHX Stock Price Forecast 2033
As we look towards 2033, L3Harris Technologies may see another year of substantial growth, with a projected 15% increase in stock price. This rise could be attributed to the company’s advancements in quantum computing applications for defense and its expanding presence in emerging markets. L3Harris’s development of next-generation air traffic control systems is expected to drive growth in both defense and commercial sectors.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2033 | $693.68 | $769.99 | $923.99 |
LHX Stock Price Forecast 2034
In 2034, we forecast a continued strong performance for LHX stock, with a potential 11% growth. This increase may be driven by the company’s role in developing next-generation air traffic control systems and its contributions to enhanced global security measures. The company’s innovations in AI-driven predictive maintenance for military equipment are expected to significantly reduce operational costs for its clients.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2034 | $769.98 | $854.68 | $1,025.62 |
LHX Stock Price Forecast 2035
For 2035, our analysis suggests a possible 12% rise in stock price. This growth projection is based on L3Harris’s anticipated leadership in integrating artificial intelligence into defense systems and its expanding role in space-based communications. L3Harris’s development of advanced electronic warfare systems for next-generation fighter jets is likely to secure major international contracts. While L3Harris focuses on defense, other industries like entertainment are also seeing significant growth projections. Our TKO stock prediction provides insight into another dynamic market sector.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2035 | $862.38 | $957.24 | $1,148.69 |
LHX Stock Price Forecast 2036
As we move into 2036, L3Harris Technologies may experience another year of significant growth, with a projected 13% increase in stock price. This rise could be attributed to the company’s innovations in autonomous defense systems and its growing influence in shaping global security policies. The company’s breakthroughs in quantum encryption for military communications are expected to revolutionize secure data transmission.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2036 | $974.49 | $1,081.68 | $1,298.02 |
LHX Stock Price Forecast 2037
In 2037, we anticipate continued strong performance for LHX stock, with a potential 14% growth. This increase may be driven by the company’s expanded portfolio of space-based assets and its role in developing advanced cybersecurity solutions for both government and commercial sectors. L3Harris’s development of hypersonic defense systems is expected to address emerging global security threats effectively.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2037 | $1,110.92 | $1,233.12 | $1,479.74 |
LHX Stock Price Forecast 2038
For 2038, our analysis points to a possible 15% rise in stock price. This growth projection is based on L3Harris’s anticipated breakthroughs in quantum sensing technologies and its increasing role in global space exploration initiatives. The company’s innovations in autonomous underwater vehicles for deep-sea exploration and defense are likely to open up new market opportunities.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2038 | $1,277.56 | $1,418.09 | $1,701.71 |
LHX Stock Price Forecast 2039
As we approach the end of the 2030s, L3Harris Technologies may see another year of substantial growth, with a projected 11% increase in stock price. This rise could be attributed to the company’s leadership in developing advanced energy solutions for defense applications and its expanding global footprint. L3Harris’s development of AI-powered predictive analytics for global threat assessment is expected to be a game-changer in the defense industry.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2039 | $1,418.09 | $1,574.08 | $1,888.90 |
LHX Stock Price Forecast 2040
In 2040, we forecast continued strong performance for LHX stock, with a potential 12% growth. This increase may be driven by the company’s role in shaping the future of defense technology, including advancements in hypersonic systems and next-generation electronic warfare capabilities. The company’s breakthroughs in quantum computing applications for complex battle simulations are expected to revolutionize military strategy and planning. As technology drives growth in defense, it’s also transforming other industries. For instance, our ULTA stock price performance examines how tech is influencing long-term prospects in the beauty retail sector.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2040 | $1,588.26 | $1,762.97 | $2,115.56 |
LHX Stock Price Forecast 2050
Looking ahead to 2050, our long-term projection for L3Harris Technologies stock is highly optimistic. We anticipate the stock price could reach $7,100, representing a 302% increase from 2040. This forecast is based on the company’s potential to remain at the forefront of technological innovation, its ability to adapt to changing global security needs, and its strong market position.
L3Harris’s pioneering work in quantum-based global communication networks and its leadership in developing AI-driven autonomous defense systems for space, air, land, and sea are expected to revolutionize the industry. The company’s focus on sustainable and environmentally friendly defense technologies is likely to open up new market opportunities and secure its position as a forward-thinking industry leader.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2050 | $6,816 | $7,100 | $8,520 |
Conclusion
Our analysis of L3Harris Technologies, Inc. (NYSE: LHX) stock price forecast from 2024 to 2050 reveals a pattern of consistent and substantial growth. We project the stock price to reach $7,100 by 2050, representing a remarkable increase over 26 years. This growth is attributed to the company’s strong market position, continuous innovation in aerospace and defense technologies, and its ability to adapt to changing global security landscapes.
FAQs
1. What is the future of LHX share price?
Based on our analysis, the future of L3Harris Technologies (LHX) share price appears promising. We project steady growth over the coming decades, with the stock price potentially reaching $7,100 by 2050. This represents a significant increase from its current value of $227.01 as of September 11, 2024.
Our forecast suggests annual growth rates between 11% and 15% for most years, with the potential for higher returns in some periods. The company’s ongoing innovations in aerospace and defense technologies, expansion into new markets, and ability to secure long-term contracts are expected to drive this growth.
2. Is LHX a good long-term stock?
LHX shows strong potential as a long-term investment. The company’s consistent focus on innovation, its strategic position in the defense and aerospace sectors, and its ability to adapt to changing global security needs contribute to its appeal.
Our projections indicate substantial growth over the next few decades, which could make it an attractive option for investors with a long-term horizon. The company’s involvement in emerging technologies such as quantum computing, AI-driven defense systems, and space-based assets further strengthens its long-term prospects.
3. What is the LHX 10 year outlook?
The 10-year outlook for LHX is positive. By 2034, we project the stock price could reach an average of $854.68, with a potential high of $1,025.62. This represents a significant increase from its current value. Over this period, we expect L3Harris to capitalize on advancements in areas such as autonomous systems, electronic warfare, and space technologies.
The company’s focus on developing next-generation air traffic control systems and enhanced global security measures is likely to drive growth. Additionally, L3Harris’s expansion into commercial space technologies and quantum encryption for military communications could open up new revenue streams.
4. Is LHX a buy hold or sell?
Based on our analysis, LHX could be considered a “buy” or “hold” for investors, depending on their individual financial goals and risk tolerance. The projected long-term growth and the company’s strong position in the defense and aerospace industries make it an attractive option for those looking to invest in this sector. For existing shareholders, holding onto LHX stock could potentially yield significant returns over time.
5. Who are the major competitors of LHX?
L3Harris Technologies, Inc. (NYSE: LHX) faces competition from several major players in the aerospace and defense technology industry. These competitors include:
- Lockheed Martin Corporation (NYSE: LMT): Competes in military communications, electronics, and defense systems.
- Northrop Grumman Corporation (NYSE: NOC): A competitor in cybersecurity, defense electronics, and unmanned systems.
- Raytheon Technologies Corporation (NYSE: RTX): Known for defense electronics, communications, and missile systems.
- BAE Systems plc (LSE: BA): Competes in electronic warfare, cybersecurity, and military communications.
- General Dynamics Corporation (NYSE: GD): Overlaps in C4ISR systems and defense technology solutions.
- Thales Group (Euronext Paris: HO): A competitor in defense electronics, communications systems, and aerospace technology.
- Boeing Defense, Space & Security (a division of The Boeing Company, NYSE: BA): Competes in military communications, space systems, and defense electronics.
- Leonardo S.p.A. (BIT: LDO): Competes in electronics, communications systems, and cybersecurity.
- SAIC (Science Applications International Corporation, NYSE: SAIC): Focuses on IT, cybersecurity, and defense electronics.
- Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS): Specializes in unmanned systems, satellite communications, and electronic warfare.
These companies are significant players in the defense, aerospace, and security markets, often competing with L3Harris for similar contracts and projects.
Disclaimer:
The stock price predictions provided herein are based on historical data, current market trends, and analysis. However, past performance does not guarantee future results. Stock markets are inherently volatile and subject to numerous economic, political, and market factors that can cause rapid and unpredictable fluctuations in stock prices. The information provided is for educational and informational purposes only and should not be construed as financial advice. It is strongly recommended that you consult with a qualified financial advisor before making any investment decisions. Invest responsibly and consider your individual financial situation, risk tolerance, and investment objectives before acting on any information provided.
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