Gross Profit Analysis: Comparing Lockheed Martin Corporation and L3Harris Technologies, Inc.

Defense Giants' Profits: A Decade of Growth and Competition

__timestampL3Harris Technologies, Inc.Lockheed Martin Corporation
Wednesday, January 1, 201415150000005374000000
Thursday, January 1, 201521600000005302000000
Friday, January 1, 201620430000005142000000
Sunday, January 1, 201721020000005548000000
Monday, January 1, 201823340000007370000000
Tuesday, January 1, 201950740000008367000000
Wednesday, January 1, 202053080000008654000000
Friday, January 1, 202153760000009061000000
Saturday, January 1, 202249270000008287000000
Sunday, January 1, 202351130000008479000000
Monday, January 1, 202455240000006930000000
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A Decade of Defense: Gross Profit Trends in Aerospace Giants

In the ever-evolving landscape of defense and aerospace, Lockheed Martin Corporation and L3Harris Technologies, Inc. have been pivotal players. Over the past decade, from 2014 to 2023, these industry titans have showcased remarkable financial trajectories. Lockheed Martin consistently outperformed, with gross profits peaking at approximately $9 billion in 2021, marking a 69% increase from 2014. Meanwhile, L3Harris Technologies demonstrated a robust growth trajectory, with gross profits more than tripling from 2014 to 2023, despite a slight dip in 2022. This growth underscores the dynamic nature of the defense sector, driven by technological advancements and strategic acquisitions. Notably, the data for 2024 is incomplete, hinting at potential shifts in the competitive landscape. As these companies continue to innovate, their financial performance remains a key indicator of their strategic prowess in the global defense arena.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
28 Jan 2025