Thread regarding L3Harris Technologies layoffs

The Ten Per Cent Solution

After inking Leidos deal [to buy $1 billion of UK based assets from LHX), L3Harris details plans to divest up to 10% of balance sheet

[The CEO] has signaled before that more divestitures would be on the horizon, but the revenue figure detailed Tuesday offered a deeper look at how much of L3Harris' cash operations executives are willing to part with to move in the new direction. Plans are afoot to shed anywhere from 8% to 10% of company revenue — or between $1.44 billion and $1.8 billion in Tuesday's earnings — in future divestitures. “As we've said before, this will not impact our $3 billion free cash flow target in 2022.” The types of businesses that could go on the auction block are those with "lower operating margins than the rest of the core company."

I think this came out of today's conference call. So the question is....

Do ya feel lucky???

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Post ID: @OP+13lCVkvo

3 replies (most recent on top)

percent is one word you dolt

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Post ID: @2ubm+13lCVkvo

In a year or two years from now, L3Harris will become a $20Bln business - half of what it's now...

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Post ID: @1hok+13lCVkvo

The lucky ones will be those whose operations do get divested from the Cube & Billy show and hopefully end up in a parent company that gives a sh*t about them....

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Post ID: @1jvc+13lCVkvo

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