L3Harris Technologies, Inc. reported a revenue increase of 7% for the third quarter of 2025, reaching $5.659 billion compared to $5.292 billion in the same period last year. Year-to-date revenue also saw a rise of 3%, totaling $16.217 billion, up from $15.802 billion in 2024. The company's net income for the third quarter was $462 million, or $2.46 per diluted share, reflecting a 15% increase from $400 million, or $2.10 per diluted share, in the prior year. Year-to-date net income rose to $1.306 billion, compared to $1.049 billion in 2024, resulting in a diluted EPS of $6.92, up 26% from $5.50.
The financial performance was bolstered by higher revenues across all segments, particularly in Communication Systems (CS), Integrated Mission Systems (IMS), Space & Airborne Systems (SAS), and Aerojet Rocketdyne (AR). Notably, the CS segment reported a 6% increase in revenue to $1.462 billion, driven by higher international deliveries and program ramps. The IMS segment also saw a 6% revenue increase to $1.700 billion, primarily due to classified program ramp-ups. However, the absence of the CAS disposal group, divested in March 2025, impacted overall revenue and gross margins.
In terms of operational developments, L3Harris's total assets decreased to $41.014 billion as of October 3, 2025, down from $42.001 billion at the beginning of the year. The company reported a contractual backlog of $36.3 billion, with expectations to recognize approximately 45% of this backlog as revenue over the next twelve months. The company’s employee headcount remained stable, and it continues to focus on strategic initiatives, including the LHX NeXt program aimed at enhancing operational efficiency.
The filing also highlighted changes in the tax environment, with the enactment of the One Big Beautiful Bill Act (OBBBA) impacting the effective tax rate, which rose to 18.5% for the third quarter compared to 6.0% in the previous year. This increase was attributed to the new tax provisions and the divestiture of the CAS group. Looking ahead, L3Harris remains cautious about potential impacts from ongoing geopolitical tensions and the U.S. government shutdown, which could affect funding and contract awards.
Overall, L3Harris Technologies, Inc. continues to navigate a complex market landscape while maintaining a focus on growth and operational efficiency, with a positive outlook for the upcoming quarters despite external challenges.
About L3HARRIS TECHNOLOGIES, INC. /DE/
L3Harris Technologies is a leading defense contractor providing integrated solutions across space, air, land, sea, and cyber domains. Its core segments include Space & Airborne Systems, Integrated Mission Systems, Defense Electronics, and Communication Systems, serving government and commercial markets worldwide. The company offers advanced technology products, systems, and services focused on national security, intelligence, and aerospace, leveraging innovation and strategic partnerships to maintain a competitive edge.
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