Overview
- The company reported Q1 revenue of $5.74 billion and EPS of $2.72 on Thursday, beating estimates and lifting its full-year profit goal.
- L3Harris now guides adjusted EPS of $11.40 to $11.60 for 2026, while revenue guidance stays at $23.0 billion to $23.5 billion.
- L3Harris disclosed late Wednesday a confidential IPO filing for its missile solutions unit under a deal first outlined in January.
- The Department of Defense committed $1 billion to the new company to boost solid rocket motors used in Tomahawk missiles and Patriot interceptors.
- Rising orders tied to recent conflicts drove 24% growth in space and mission systems and 18% in the missile segment in the quarter.