Thread regarding L3Harris Technologies layoffs

Portfolio Reshaping

"And finally, reshaping our portfolio to focus on high-margin, high-growth, technology-differentiated businesses where we can win and generate attractive returns. While this is an ongoing process, we've begun marketing several businesses that we've assessed as non-core. And our plan is to announce transactions as they occur and use the net proceeds to repurchase shares to offset dilution."

https://finance.yahoo.com/news/edited-transcript-lhx-earnings-conference-224058129.html

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2 replies (most recent on top)

Gautam J. Khanna, Cowen and Company, LLC, Research Division - MD & Senior Analyst [27]


Couple of questions. First, I was wondering can you give us any sense of the size of the divestments that you guys have identified.


William M. Brown, L3Harris Technologies, Inc. - Executive Chairman & CEO [28]


No. I don't think we're going to be prepared to do that today, Gautam. What I'm very encouraged about is the fact that in a relatively short period of time, I think we've aligned across the management team and with the Board on how we're thinking about the portfolio. We're moving quickly on a number of different businesses. We'll announce the transactions as we go forward. And as we do, then I'll size them for investors. But I think it would be premature to give you any sort of a target at this point.

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"Orders were strong as we continue to solidify our position on Big Safari programs, increase share in electro-optical and enhance our unmanned maritime franchise."

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