L3harris Technologies Inc recorded an increase in cost of sales by 14.81 % year on year, relative to one quarter ago cost of sales fell by -73.26 % in Q1.
L3harris Technologies Inc's Comment on Supply Chain
The company procures various materials such as electronic components, printed circuit boards, metals, and plastics from multiple suppliers and subcontractors, reflecting the diversity of its products and the geographic distribution of its facilities. It depends on a limited number of certified microelectronics component suppliers. The company has faced component shortages due to the global pandemic, natural disasters, and changing regulatory conditions, resulting in industry-wide supply chain disruptions. While the business is not seasonal, its revenue distribution may be influenced by contract timing, U.S. Government funding availability, product deliveries, and customer acceptance.
L3harris Technologies Inc's Comment on Supply Chain
The company procures various materials such as electronic components, printed circuit boards, metals, and plastics from multiple suppliers and subcontractors, reflecting the diversity of its products and the geographic distribution of its facilities. It depends on a limited number of certified microelectronics component suppliers. The company has faced component shortages due to the global pandemic, natural disasters, and changing regulatory conditions, resulting in industry-wide supply chain disruptions. While the business is not seasonal, its revenue distribution may be influenced by contract timing, U.S. Government funding availability, product deliveries, and customer acceptance.
Sources:
L3harris Technologies Inc 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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