Wot ?!?
All it took to bounce the stock higher was divest the space companies and programs ? Those fat cash-immobile programs.
Why didn’t they do this sooner ? So much bloodshed with folks we lost since April 2024.
Expect more moves like this every few years as LHX responds to the market and challenges of nimble defense startups and China Dual Use adversaries.
Can we rebrand also as:
“The Trusted Transforming Disruptor”
L3harris is getting out of the EW business. Remember where you saw it first.
Competition from better managed companies powered by the talented people driven out of L3's toxic world.
@j5 those people will be fine, the rest of the workforce should be very worried if you are not in a profit center, ie. overhead costs
Uhhoh, Kube is worried about that executive order folks!
"Curb Shareholder Payouts: The administration seeks to limit stock buybacks, dividends, and cap executive pay (e.g., at $5 million) for contractors failing to meet delivery schedules."
Thought Kube was leaving. Hmmm
And tomorrow is Thursday 😔
Not for long
@bd Space and Airborne combined with half of IMS, it’s now lopsidedly the largest by revenue (11 vs 8 vs 4.5B). The Airborne portion of Clifton was one of the only parts ejected from the new SMS segment while it kept the GPS satellites portion. For some reason that went to communications while Amityville went in with the remainder of Aerojet.
If they are trying to offload any particular portion, they just made it more convoluted to do. Unless they’re moving programs or just closing it entirely.
The new SMS segment seems too big, too many sectors, too much management. It’d make sense if they consolidate some of it later this year/next year or sell something. It’s enormous, but the parts don’t seem like they even go together in any meaningful way. Maybe the remaining Airborne stuff with the ISR portion from IMS. Mission Networks seems like it’d have gone better in Comms.
Sr Director level staff decisions supposedly have to be finalized tomorrow. Which will probably inform to some extent which SAS/IMS pieces are being prioritized.
Space and airborne systems is "neXt" to go we're hearing. ..
But, the company is having trouble finding a buyer for the money pit in clifton. Time for a fire sale.