L3Harris Technologies
Builds tactical communications, sensing, mission systems and missile propulsion for government customers.
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Profile
Supplies U.S. and allied government customers with tactical communications, electronic warfare, space and airborne mission systems, and missile propulsion. Revenue comes mainly from government development, production and sustainment contracts, with U.S. government customers accounting for roughly three quarters.
Designs, integrates and sustains defense technology through Space & Mission Systems, Communications & Spectrum Dominance, and Missile Solutions. The portfolio spans satellite payloads and missile-warning sensors, airborne reconnaissance and aircraft missionization, maritime systems, tactical radios and data links, electronic warfare, night vision, targeting sensors, and solid-rocket propulsion.
Serves U.S. agencies, prime contractors and allied governments through development, production and sustainment contracts. Its integration work joins communications, sensors, software and mission systems across space, air, land and sea, while Missile Solutions adds propulsion, sensing and guidance across missile and munition programs. Roughly three quarters of revenue comes from U.S. government customers; procurement rules, export controls, security requirements and budget decisions shape contract timing and execution.
Company facts
Categories
Key statistics
Year to date −13.7% · Average volume (30d) 1.6M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 26, 2026 | Jefferies | Downgrade | Buy | Hold | $295 | $315 |
| Jan 14, 2026 | UBS | Target | $323 | |||
| Jan 14, 2026 | Truist Financial | Target | $364 | |||
| Jan 13, 2026 | Vertical Research | Target | $355 | |||
| Dec 16, 2025 | Morgan Stanley | Upgrade | Equal Weight | Overweight | $350 | $367 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 29, 2026Q2 FY26 | $2.80 | $3.13 | +11.8% | $5.81B | $5.88B | +1.2% | −8.61% |
| Apr 30, 2026Q1 FY26 | $2.53 | $2.72 | +7.5% | $5.42B | $5.74B | +6.0% | −2.24% |
| Jan 29, 2026Q4 FY25 | $2.76 | $2.86 | +3.6% | $5.77B | $5.65B | −2.1% | −3.70% |
| Oct 30, 2025Q3 FY25 | $2.58 | $2.70 | +4.7% | $5.52B | $5.66B | +2.4% | −2.30% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $5.13B | $5.43B | $5.66B | $5.65B | $5.74B | $5.88B | |
| Gross profit | $1.35B | $1.34B | $1.49B | $1.45B | $1.40B | $1.50B | |
| Operating income | $554.0M | $584.0M | $631.0M | $376.0M | $642.0M | $654.0M | |
| Net income | $386.0M | $458.0M | $462.0M | $300.0M | $512.0M | $600.0M | |
| Diluted EPS | $2.04 | $2.44 | $2.46 | $1.59 | $2.72 | $3.13 | |
| Gross margin | 26.3% | 24.6% | 26.4% | 25.6% | 24.4% | 25.5% | |
| Operating margin | 10.8% | 10.8% | 11.2% | 6.7% | 11.2% | 11.1% |
Fiscal years (4-quarter sums)FY21 $17.81B · FY22 $17.06B · FY23 $19.42B · FY24 $21.33B · FY25 $21.87B
Revenue by product · Q1 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jul 3, 2026Cash & short-term investments $1.52B · Total debt $11.00B · Total assets $42.94B · Shareholders' equity $20.85B
Dividends
Raised for 25 straight years — most recently to $1.25 from $1.20 in Mar 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 5, 2026 | Jun 5 | Jun 26 | $1.25 | |
| Mar 6, 2026 | Mar 6 | Mar 20 | $1.25 | raised from $1.20 |
| Nov 17, 2025 | Nov 17 | Dec 5 | $1.20 | |
| Sep 5, 2025 | Sep 5 | Sep 22 | $1.20 | |
| Jun 3, 2025 | Jun 3 | Jun 18 | $1.20 | |
| Mar 10, 2025 | Mar 10 | Mar 21 | $1.20 | raised from $1.16 |
| Nov 18, 2024 | Nov 18 | Dec 6 | $1.16 | |
| Sep 6, 2024 | Sep 6 | Sep 20 | $1.16 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 186.22M · Float 185.39M · 99.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 19.02M | 10.21% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 12.16M | 6.53% | 13F | Aug 13, 2026 |
| Vanguard Portfolio Management LLC | 9.60M | 5.16% | 13F | Aug 13, 2026 |
| State Street Corp | 9.10M | 4.89% | 13F | Aug 7, 2026 |
| Capital World Investors | 6.61M | 3.55% | 13F | Aug 12, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 5, 2026 | Melanie Rakita | officer: Vice President & CHRO | −2,180 | $310.45 |
| Mar 2, 2026 | Samir Mehta | officer: Pres., Space & Mission Sys. | −5,528 | $370.32 |
| Mar 2, 2026 | Melanie Rakita | officer: Vice President & CHRO | −751 | $370.32 |
| Feb 26, 2026 | Melanie Rakita | officer: Vice President & CHRO | −2,378 | $341.45 |
| Mar 2, 2026 | Jon Rambeau | officer: Pres., Coms. & Spec. Dom. | −5,528 | $370.32 |
Peers
- Northrop Grumman
Widest overlap: EW, ISR, space sensors, and solid-rocket propulsion.
- RTX
Primary rival in airborne EW, avionics, and missile defense electronics.
- Lockheed Martin
Dominant space-prime competing directly on SDA missile-warning satellites.
- General Dynamics
Head-to-head in tactical communications, C2 networking, and mission systems.
- Boeing
Competes in airborne ISR platform integration and special-mission aircraft.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| L3Harris Technologies | $262.82 | +0.01% | $48.94B | 26.5 | 21.3 | 2.1 | +8.4% |
| Northrop Grumman | $546.65 | +0.20% | $77.51B | 17.3 | 18.6 | 1.8 | +5.1% |
| RTX | $212.00 | +0.13% | $285.33B | 37.3 | 28.8 | 3.1 | +14.5% |
| Lockheed Martin | $564.08 | +0.07% | $130.13B | 20.8 | 17.9 | 1.7 | +10.5% |
| General Dynamics | $376.45 | −0.75% | $102.63B | 23.1 | 21.7 | 1.9 | +8.1% |
| Boeing | $209.76 | −0.03% | $165.84B | 90.8 | 152.1 | 1.8 | +8.0% |
| Median | 23.1 | 21.7 | 1.8 | +8.1% |