L3Harris Technologies (LHX) DCF: History & Chart

L3Harris Technologies, Inc.(LHX)

Aerospace & Defense · Melbourne Florida, FL

$245.54-2.83 (-1.14%)

Delayed quote: Sep 11, 2026, 4:00 PM EDT

About L3Harris Technologies, Inc.

L3Harris Technologies, Inc. is a prominent technology firm specializing in aerospace and defense, delivering vital, high-stakes solutions to governmental and commercial clients across the globe. Its diverse operations are organized into several key segments: The Integrated Mission Systems division is responsible for providing versatile intelligence, surveillance, and reconnaissance (ISR) platforms, alongside various communication technologies. This unit also offers comprehensive support for fleet management, as well as the development, modification, and routine maintenance of sensors for ISR and airborne operations. Furthermore, it develops and integrates specialized mission systems tailored for naval vessels and maritime operations, including sophisticated signals and multi-intelligence platforms, autonomous surface and undersea vehicles, and advanced power and ship control electronics. Cutting-edge electro-optical and infrared technologies are also part of its offerings. The Space and Airborne Systems segment is dedicated to providing sophisticated space payloads, advanced sensor technologies, and complete mission solutions for space-based operations. It also offers secure intelligence and robust cyber defense capabilities, specialized avionics for mission-specific applications, and state-of-the-art electronic warfare systems. The Communication Systems division delivers reliable tactical communication tools and secure, broadband mobile networked communication devices. This encompasses airborne, space, and surface data link terminals, ground stations, and portable tactical satellite communication (SATCOM) systems designed for manned aircraft, unmanned aerial vehicles (UAVs), and naval vessels. The segment also produces integrated night vision systems, mountable on helmets and weapons, along with radio systems, applications, and equipment essential for critical public safety and professional communication needs. Additionally, it supplies SATCOM terminals and integrated battlefield management networks. Finally, the Aviation Systems segment focuses on defense-oriented aviation products, training for commercial pilots, and mission-critical network solutions for effective air traffic management. Originally established in 1895 as Harris Corporation, the company adopted its current name, L3Harris Technologies, Inc., in June 2019. Its headquarters are located in Melbourne, Florida.

Melbourne Florida, FL

45,000 employees

www.l3harris.com

Industrials / Aerospace & Defense

Sector: Industrials
Industry: Aerospace & Defense
CEO: Sam Mehta

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L3Harris Technologies, Inc. (LHX) DCF Valuation

Price is INSIDE the estimated range

$107.09

$249.81

Model scenario range

$245.54

Today's price

TGM's two-stage DCF values L3Harris Technologies, Inc. (LHX) between $107.09 and $249.81 depending on assumptions, with a base case of $162.98. Growth is taken from the company's own record (blend of 5-year revenue and FCF growth), fading to 2.5% long-run; the discount rate (7.9%) reflects its beta.

What would today's price require?

Growth the price assumes+11.4%/yr

Actual FCF growth, last 5 years+2.8%/yr

$245.54 is justified only if free cash flow grows about +11.4% a year (fading to 2.5% long-run) at a 7.9% required return — faster than the company has actually grown.

Scenario	FCF growth (fading to 2.5%)	Discount	Value / share
Conservative	0.7%/yr	8.9%	$107.09
Base case	3.7%/yr	7.9%	$162.98
Optimistic	6.7%/yr	6.9%	$249.81
Third-party model estimate (FMP)	independent reference · retrieved Sep 11, 2026 · assumptions not provided		$285.76

The FMP figure is a third-party point estimate. Its cash-flow forecast, discount rate, terminal growth, and valuation date are not included in the stored response, so TGMCharts presents it only as a reference—not as an intrinsic-value conclusion or price target.

Price|PE Ratio|FCF Yield|All Metrics

Current Price

$245.54

Market-Implied Growth

+11.4%/yr

vs +2.8% 5Y actual

Model Scenario Range

$107.09 – $249.81

model output — not a price target

LHX DCF Fair Value Calculator

Edit the assumptions to see how they change the estimated fair value. Opens seeded with TGM's data-driven base case for LHX (growth from its own 5-year record, discount from its beta), so the sandbox starts where the scenarios above leave off. Illustrative model — not investment advice.

FCF Growth Rate3.7%/yr

Historical FCF CAGR: 3Y 15.2% · 5Y 2.8% · 10Y 13.8%

Discount Rate (WACC)7.9%

Terminal Growth2.5%

Projection Years10yr

Base inputs: FCF $2.0B · 0.19B shares · net debt $10.2B

Estimated Fair Value

$162.98

-33.6% vs $245.54

Current price$245.54

Third-party model estimate (FMP)$285.76

Sensitivity — fair value by discount rate × terminal growth

How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 3.7%/yr FCF growth and 10-year horizon fixed. Green = above today's $245.54; red = below. Your current case is outlined.

WACC ↓ / Terminal →	1.50%	2.00%	2.50%	3.00%	3.50%
5.9%	$222	$253	$292	$345	$419
6.9%	$170	$189	$213	$242	$280
7.9%	$135	$148	$163	$181	$204
8.9%	$109	$118	$129	$141	$156
9.9%	$89.17	$96.03	$104	$113	$123