Its Q3 backlog reached a record $53.2 billion, up 47% year-on-year, with a 3.2x book-to-bill ratio. Free cash flow also increased 195% to $1.3 billion, giving the growth story more financial support.
I would consider buying a pullback after the earnings rally, rather than chasing the initial price reaction. My key trigger would be backlog conversion into revenue and free cash flow. A large backlog is encouraging, but it only creates shareholder value if contracts translate into profitable delivery.
For me, the combination of strong order growth, improving cash generation and raised earnings guidance makes LHX the most convincing of the three right now.
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- Miaoj·10-30 22:46thanks for sharingLikeReport