LHX·Defense prime contractor (space systems & missile-tracking satellites, missile propulsion, tactical comms & electronic warfare, ISR/airborne)

L3Harris Technologies

ConvictionStrong

Long-cycle US government program contractor (cost-plus + fixed-price), ~75% DoD/government, revenue recognized over time on multi-year programs backed by a ~2x-revenue backlog. Capital-light relative to platform OEMs; cash returned via dividend + buyback while deleveraging post-Aerojet.

Revenuefact

$5.744B Q1 FY26qtr ended Apr 3 2026; fact); FY25 $21.9B

Rev growthfact

+12% reported / +15% organic YoYQ1 FY26; fact); FY26 guide $23.0–23.5B ≈ +7% organic

Gross margin

Not separately disclosed by L3Harrisproxy is 15.7% adjusted segment operating margin (Q1 FY26; fact

Op marginfact

11.4% GAAP total operating marginQ1 FY26; fact); FY26 guide 'low 16%' segment OM

Capex intensity

Low~2–3% of revenue (estimate); rising as Missile Solutions solid-rocket-motor capacity ramps

Market cap

~$54Bprice ~$288.50, Jun 25 2026; fact

Price · 1-year trend

real · weekly

$289+17% 1yUSD

52-week range

$247 – $367

52w lowas of 2026-06-25 · Yahoo Finance52w high

Across the boards

The thesis on this name

opportunityStrong

Space / launch economics

Full context

The read

Where our coverage leans

Coverage leans bullish

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Full financial intelligence for L3Harris Technologies

Earnings, margins & COGS, the income-statement breakdown, SWOT, moats & dependencies, the supplier–customer ecosystem graph, top signals & trends, and the valuation range.

Income statement & margin structure
SWOT, moats & dependency map
Supplier–customer ecosystem graph
Signals, trends & valuation range

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Not investment advice — analyst work product for a qualified professional.· intel vintage Jun 2026· sign in (free) for the analyst summary; Pro unlocks full intelligence