L3Harris Technologies, Inc.'s Stock Analysis

L3Harris CEO Establishes Stock Sale Plan Under SEC Rule

On February 4, 2026, Christopher Kubasik, the Chairman and CEO of L3Harris Technologies, adopted a pre-arranged stock sale plan in accordance with SEC Rule 10b5-1. This plan, which was established during the company's open trading window, includes the sale of vested options to purchase up to 129,501 shares granted in 2019 and 60,000 shares of common stock, with sales scheduled to begin in May 2026 and conclude by October 30, 2026, subject to specific price thresholds.

Mr. Kubasik will not have discretion over the sales made under this plan, and his ownership interest in the company exceeds the established stock ownership guidelines. Any transactions related to this plan will be disclosed publicly through the appropriate SEC filings. The company does not plan to disclose similar plans adopted by other officers or directors, nor will it report modifications or terminations of such plans unless required in periodic filings.

Feb 06, 2026 16:31:55

L3Harris Technologies Reports Fourth Quarter and Full Year Results

L3Harris Technologies announced its financial results for the fourth quarter and full year 2025, highlighting total orders of $27.5 billion and a book-to-bill ratio of 1.3x. The company reported full-year revenue of $21.9 billion, reflecting a 3% increase, with cash from operations rising 21% to $3.1 billion. The diluted earnings per share (EPS) increased to $8.53 for the year, with a notable rise in adjusted free cash flow, which also grew by 21% to $2.8 billion.

In the fourth quarter, L3Harris generated revenue of $5.6 billion, marking a 2% increase year-over-year. The operating margin for the quarter was reported at 7.0%, while the adjusted segment operating margin stood at 15.7%. The company indicated that its portfolio aligns with key defense priorities, contributing to strong demand and record orders. Additionally, L3Harris is reorganizing its business structure into three segments starting in 2026, which may impact future reporting and performance.

Jan 29, 2026 06:57:40

L3Harris Technologies Restructures Business Segments to Three

L3Harris Technologies has announced a reorganization of its business structure, reducing its segments from four to three. The new segments are Space & Mission Systems, Communications & Spectrum Dominance, and Missile Solutions, each led by designated leaders. This change aims to align the company’s portfolio with future defense needs and enhance operational efficiency.

In conjunction with the reorganization, Edward Zoiss has been appointed Vice President of Engineering & Innovation, while Ken Bedingfield continues as Senior Vice President and Chief Financial Officer. The company plans to provide further details regarding the financial implications of this restructuring during its upcoming earnings call on January 29.

Jan 05, 2026 17:14:37

L3Harris Technologies Reports Third Quarter Financial Results

L3Harris Technologies announced its third quarter financial results for 2025, reporting orders of $6.7 billion and revenue of $5.7 billion, reflecting a 7% increase compared to the previous year, with organic growth at 10%. The company achieved an operating margin of 11.0% and a diluted earnings per share (EPS) of $2.46, which is up 17% from last year. Following this performance, L3Harris has raised its guidance for 2025, citing a strong performance and increasing demand in key areas such as space and munitions.

The financial results showed growth across all segments, driven by higher volumes and increased international deliveries. Notably, the Communication Systems segment saw a 6% increase in revenue, while the Aerojet Rocketdyne segment experienced a 13% rise. However, cash flow from operations decreased by 30% to $546 million due to temporary delays in customer payments. The company remains optimistic about meeting its cash flow guidance for 2025, contingent on the resolution of the ongoing government shutdown.

Oct 30, 2025 06:55:22

L3Harris Reports Q2 2025 Financial Results and Guidance Update

L3Harris Technologies announced its second quarter 2025 financial results, reporting revenue of $5.4 billion, a 2% increase year-over-year, with a notable organic growth of 6%. The company achieved diluted earnings per share (EPS) of $2.44, which represents a 27% increase compared to the previous year. The results were driven by strong demand across various segments, leading to a record book-to-bill ratio of 1.5x and an operating margin of 10.5%. Adjusted segment operating margin rose to 15.9%, reflecting effective cost management and operational efficiencies.

In addition to the strong quarterly performance, L3Harris has updated its financial guidance for 2025, reflecting increased expectations based on the positive results. The company indicated that demand in the defense sector is accelerating, aligning with their strategic focus areas. Cash flow from operations decreased by 15% to $640 million, primarily due to timing issues and legal settlements, while adjusted free cash flow also saw a decline of 20%. Overall, the financial performance highlights a solid position for L3Harris in the current market environment.

Jul 24, 2025 06:55:38

L3Harris Board Increases Annual Equity Retainer for Directors

On July 17, 2025, L3Harris Technologies' Board of Directors approved an increase in the annual equity retainer for non-employee directors from $190,000 to $200,000 in director share units. This change will take effect on January 3, 2026, following the recommendation of the Nominating and Governance Committee.

Details regarding the annual compensation for L3Harris’ non-employee directors, effective January 3, 2026, have been included as an exhibit in the current report. This adjustment in compensation may have implications for investor considerations regarding the company's governance and director incentives.

Jul 18, 2025 16:35:09

L3Harris Technologies Reports Q1 2025 Earnings and Guidance Update

L3Harris Technologies announced its first quarter 2025 results, reporting revenue of $5.1 billion and diluted earnings per share (EPS) of $2.04. The company also reported a non-GAAP diluted EPS of $2.41, marking a 7% increase compared to the previous year. The operating margin improved to 10.2%, and the adjusted segment operating margin rose to 15.6%. The company returned nearly $800 million to shareholders through dividends and share repurchases, including a 24th consecutive annual dividend increase.

The company updated its 2025 guidance following a divestiture and a solid first quarter performance. The divestiture of the Commercial Aviation Solutions business will reduce expected revenue for the Integrated Mission Systems segment by approximately $525 million for the year. Adjusted segment operating margin guidance for Communication Systems was raised to around 25%, while Integrated Mission Systems revenue expectations were lowered to approximately $6.3 billion. The updated non-GAAP diluted EPS guidance is now projected to be between $10.30 and $10.50, reflecting a 7% growth.

Apr 24, 2025 06:55:27

L3Harris Technologies Establishes New Credit Facilities with Adjustments

L3Harris Technologies has established a new $2.5 billion revolving credit facility, replacing its previous $2 billion facility. This new agreement allows for borrowing and re-borrowing under certain conditions and includes provisions for subsidiary borrowers. The company also created a new $500 million 364-day credit facility, which replaces a prior $1.5 billion facility. Both new agreements include interest rates that may vary based on the company's debt ratings, and there are no early termination penalties associated with the changes.

On the negative side, the new revolving credit facility has a lower initial borrowing capacity compared to its predecessor, which may limit financial flexibility. Additionally, while L3Harris incurred no penalties for terminating the previous agreements, the reduced amounts in both new facilities could indicate a more conservative approach to borrowing amid changing financial conditions. The terms of the agreements also include various fees that could impact overall costs.

Feb 21, 2025 16:34:26

L3Harris Technologies Reports $21.3 Billion Revenue in 2024

L3Harris Technologies achieved notable financial results in 2024, reporting revenue of $21.3 billion, a 10% increase from the previous year. The company also recorded $24.2 billion in orders, resulting in a book-to-bill ratio of 1.14x. Cash from operations rose to $2.6 billion, and adjusted free cash flow reached $2.3 billion. The fourth quarter saw revenue of $5.5 billion, up 3%, with a diluted earnings per share (EPS) of $2.37, reflecting growth and operational efficiencies driving margin improvements.

However, some segments faced challenges, particularly the Space & Airborne Systems division, which reported a 4% decline in fourth quarter revenue due to the divestiture of its antenna business and lower F-35 related volume. Additionally, the Communication Systems segment experienced a decrease in operating margin, attributed to a higher mix of domestic radios and a non-cash impairment related to the Tactical Data Links acquisition. Overall, while the company showed growth, certain operational setbacks and market conditions impacted specific segments.

Jan 30, 2025 07:00:30

L3Harris Technologies Reports Strong Q3 2024 Earnings Results

L3Harris Technologies announced impressive third-quarter results for 2024, with revenue rising by 8% to $5.3 billion and a diluted earnings per share (EPS) of $2.10, marking a 4% increase from the previous year. The company also reported a strong order intake of $7.2 billion, leading to a book-to-bill ratio of 1.4, which indicates solid demand for their services. Additionally, L3Harris raised its 2024 revenue guidance to between $21.1 billion and $21.3 billion, reflecting confidence in their ongoing strategies and initiatives, particularly the LHX NeXt cost savings program, which is expected to exceed its original targets significantly. 

However, there were some challenges in the results, including a slight decrease in operating margin to 9.4%, attributed to increased unallocated items and higher interest expenses. The company faced obstacles in certain classified development programs, which impacted growth in some segments. Despite these issues, the overall performance and positive outlook on revenue and cost savings suggest that L3Harris is on a promising path, bolstered by robust demand in their core areas of business.

Oct 24, 2024 16:05:23