L3Harris publishes 2025 annual report, posts USD 21.9B revenue

Reuters04-02
L3Harris publishes 2025 annual report, posts USD 21.9B revenue
  • L3Harris published fiscal 2025 annual report, highlighting record orders, sustained organic growth, expanded profitability, strong free cash flow despite a 43-day US government shutdown.
  • Backlog reached USD 38.7 billion, supported by demand tied to missile production, missile warning and defense, ISR, resilient communications.
  • Company shifted strategic focus to speed and capacity, citing expanded solid rocket motor output through partnership with Department of War.
  • Portfolio actions included realignment to 3 segments starting 2026, alongside planned sale of majority stake in Space Propulsion & Power Systems.
  • L3Harris set 2028 framework targeting about 8% organic revenue growth, with operating income expected to outpace revenue.


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