|Bid||234.99 x 900|
|Ask||244.90 x 1000|
|Day's Range||237.45 - 239.55|
|52 Week Range||200.71 - 279.71|
|Beta (5Y Monthly)||0.68|
|PE Ratio (TTM)||24.61|
|Forward Dividend & Yield||4.48 (1.87%)|
|Ex-Dividend Date||Sept 01, 2022|
|1y Target Est||N/A|
Two years ago, SpaceX announced an evolution in its business. Elon Musk's pioneering space company -- famous primarily for its low-cost launch rockets -- landed a $149.2 million contract to build satellites for the Pentagon's Space Development Agency. Building on its experience developing its own Starlink communications satellites, SpaceX was picked to work alongside established defense contractor and radio communications specialist L3Harris (NYSE: LHX) to build four Tranche 0 Tracking Layer satellites to track missile launches for the Department of Defense.
L3Harris Technologies (LHX) Q2 revenues of $4,135 million miss the Zacks Consensus Estimate by 2.3%. Moreover, revenues decline 11.4% year over year.
L3Harris (LHX) delivered earnings and revenue surprises of 2.22% and 2.34%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?