Who Generates Higher Gross Profit? Howmet Aerospace Inc. or L3Harris Technologies, Inc.

Aerospace Giants: A Battle of Gross Profits

In the competitive world of aerospace and defense, Howmet Aerospace Inc. and L3Harris Technologies, Inc. have been vying for supremacy in gross profit generation. Over the past decade, L3Harris Technologies has consistently outperformed Howmet Aerospace, with a staggering 67% higher average gross profit. From 2014 to 2023, L3Harris's gross profit surged, peaking in 2021 with a remarkable 5.38 billion, while Howmet's highest was 2.97 billion in 2019. Notably, L3Harris's gross profit in 2023 was nearly 2.7 times that of Howmet's. This trend highlights L3Harris's robust financial health and strategic market positioning. As the aerospace industry evolves, these figures underscore the importance of innovation and strategic investments in maintaining competitive advantage. Stay tuned as these industry titans continue to shape the future of aerospace technology.