L3Harris Lifts Outlook as 1Q Profit, Revenue Gain

Dow Jones04-30

By Connor Hart

L3Harris Technologies raised its full-year outlook after logging higher profit and revenue in the first quarter, as demand for weapons continued to accelerate.

The defense contractor said Thursday it now expects to notch adjusted earnings of $11.40 to $11.60 this year, up from a prior outlook of $11.30 to $11.50. It backed its view for revenue of $23 billion to $23.5 billion.

Analysts polled by FactSet are looking for adjusted earnings of $11.59 a share on revenue of $23.44 billion.

Chief Executive Christopher Kubasik said L3Harris is operating amid a dynamic global environment, in which demand is accelerating and the future of warfare is driving near-term operational priorities. The company is responding by scaling operations and quickly growing production across the business, he added.

In the first quarter, L3Harris posted a profit of $512 million, compared with $386 million a year earlier. Quarterly earnings of $2.72 a share topped analyst views for $2.53 a share.

Revenue increased 12% to $5.74 billion and came in ahead of Wall Street models for $5.42 billion.

The company's space and mission-systems unit notched revenue of $2.99 billion, a 24% jump from last year. Meanwhile, its communication and spectrum-defense arm logged revenue of $1.86 billion, up 2.5% from a year ago.

Revenue from its missile solutions business climbed 18%, to $990 million.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

April 30, 2026 07:33 ET (11:33 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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It backed its view for revenue of $23 billion to $23.5 billion. \n\n\n  Analysts polled by FactSet are looking for adjusted earnings of $11.59 a share on revenue of $23.44 billion. \n\n\n  Chief Executive Christopher Kubasik said L3Harris is operating amid a dynamic global environment, in which demand is accelerating and the future of warfare is driving near-term operational priorities. The company is responding by scaling operations and quickly growing production across the business, he added. \n\n\n  In the first quarter, L3Harris posted a profit of $512 million, compared with $386 million a year earlier. Quarterly earnings of $2.72 a share topped analyst views for $2.53 a share. \n\n\n  Revenue increased 12% to $5.74 billion and came in ahead of Wall Street models for $5.42 billion. \n\n\n  The company's space and mission-systems unit notched revenue of $2.99 billion, a 24% jump from last year. 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