L3Harris Technologies (NYSE: LHX) will release its first quarter 2025 financial results before the market opens on Thursday, April 24, 2025.

The company will then host an earnings call on Thursday, April 24, 2025, at 10:30 a.m. ET. Participants are encouraged to listen via webcast at L3Harris.com.

A recording of the call will be available on L3Harris.com beginning at approximately 12 p.m. ET on April 24, 2025.

L3HARRIS SOLID ROCKET MOTORS POWER SUCCESSFUL U.S. MISSILE DEFENSE TEST

L3Harris Technologies has successfully demonstrated its new eSR-19 advanced large solid rocket motor in a recent U.S. Missile Defense Agency test. The air-launched Medium Range Ballistic Missile target, equipped with a Hypersonic Target Vehicle, was launched from a C-17 aircraft near Hawaii. The test, known as Flight Test Other-40, showcased the missile’s capabilities and helped the USS Pinckney track and simulate interception using an upgraded Standard Missile 6.

The eSR-19 motor, an enhanced version of the SR-19 used in Minuteman III missiles, features a lighter composite case and other improvements to increase performance. The motor powered the missile's first and second stages during the exercise. According to Aerojet Rocketdyne President Ken Bedingfield, the new design allows for a wider range of realistic target scenarios, helping the Missile Defense Agency develop and refine test strategies.

This successful test marks the 39th launch by L3Harris in support of the U.S. missile defense program, reinforcing the company’s role in strengthening national security through advanced propulsion and target systems.

L3Harris Technologies, Inc. has entered into a new $2.5 billion, five-year senior unsecured revolving credit facility, replacing its previous $2 billion facility. The new agreement, effective February 18, 2025, allows the company to borrow, prepay, and re-borrow funds under specific conditions. The facility includes provisions for wholly-owned subsidiaries in the U.S., Canada, or the U.K. to be designated as borrowers, with obligations guaranteed by L3Harris.

Additionally, L3Harris established a new $500 million, 364-day senior unsecured revolving credit facility, replacing a prior $1.5 billion facility that matured on January 24, 2025. This facility allows for borrowing and repayment through February 17, 2026, with interest rates tied to SOFR or base rate benchmarks.

Both agreements include customary financial covenants, representations, and warranties, and they provide flexibility for L3Harris to manage its capital needs. The prior credit agreements have been terminated without penalty.

L3Harris Technologies reported strong fourth-quarter and full-year 2024 financial results, achieving a record $34 billion backlog and surpassing cost-saving targets. Fourth-quarter revenue increased 3% to $5.5 billion, with full-year revenue rising 10% to $21.3 billion, reflecting solid demand across its defense and aerospace businesses. GAAP diluted EPS for Q4 was $2.37, while non-GAAP diluted EPS was $3.47. For the full year, GAAP diluted EPS was $7.87, and non-GAAP diluted EPS reached $13.10. Adjusted free cash flow for 2024 totaled $2.3 billion, a 14% increase.

Key business segments showed mixed performance: Integrated Mission Systems (IMS) revenue grew 9% in Q4, driven by higher aircraft missionization volume and increased demand for advanced electronics. Communication Systems (CS) revenue rose 5% on strong international demand for tactical radios. Space & Airborne Systems (SAS) saw a 4% revenue decline, mainly due to lower F-35-related volume, while Aerojet Rocketdyne (AR) revenue increased 5% as missile production ramped up.

The company is targeting $1.2 billion in cost savings from its LHX NeXt initiative by 2025, a year ahead of schedule. For 2025, revenue is projected between $21.8 billion and $22.2 billion, with adjusted segment operating margin expected in the mid-to-high 15% range. Non-GAAP diluted EPS (new methodology) is forecasted between $10.55 and $10.85, reflecting a 10% growth.

L3Harris remains focused on operational efficiencies, international expansion, and shareholder returns, leveraging its position as a leading defense contractor in a dynamic global market.