L3Harris reduces 2022 guidance after falling short on Q3 expectations

By Shelley K. Mesch / October 28, 2022 at 12:20 PM
L3Harris Technologies reduced its 2022 outlook after failing to reach expectations in its third-quarter results, the company announced in its earnings report released Thursday evening. Like many executives in the defense industrial base, L3Harris CEO Christoper Kubasik pointed at supply-chain problems that have persisted longer than expected. “Supply chain is really the focus and it’s quite volatile,” Kubasik said during Friday morning’s earnings call. For L3Harris, lead times for many parts have gone “from 18 days to 18 months,” Kubasik...

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