Defense contractor L3Harris raises 2025 outlook on steady demand
Shares of the company rose 2% in premarket trading.
Demand for arms and military equipment has ballooned in the face of a protracted Russia-Ukraine war and tensions in the Middle East, boosting sales at L3Harris and rivals.
The company, which makes solid rocket motors on the anti-tank Javelin missile system, expects about $21.75 billion in annual revenue, up from its prior forecast of between $21.4 billion and $21.7 billion.
It projected an adjusted profit of between $10.40 and $10.60 per share for the year, up from its previous expectation of $10.30 and $10.50.
The company's adjusted profit of $2.78 per share in the second quarter topped expectation of $2.50, according to data compiled by LSEG.
The defense contractor posted a revenue increase of 2.4% to $5.43 billion, beating estimates of $5.32 billion.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Geeky Gadgets
8 minutes ago
- Geeky Gadgets
Apple Re-Released iOS 26 Beta 4: Here's What Changed!
Apple has officially re-released iOS 26 Beta 4, aligning its build number and features with the iOS 26 Public Beta 1. Identified by build number 23A5297M, this update focuses on addressing bugs, enhancing performance, and introducing minor feature refinements. The re-release also includes updates for iPadOS 26 and the AirPods public betas, offering a more polished experience for both developers and public beta testers. This iteration reflects Apple's ongoing commitment to improving the user experience during the beta testing phase. The video below from Zollotech gives us more details on this re-released version of iOS 26 beta 4. Watch this video on YouTube. Key Updates and Fixes The re-release of iOS 26 Beta 4 addresses several issues identified in earlier beta versions, aiming to enhance system stability and usability. Below are the key fixes included in this update: Performance Optimization: System lag has been significantly reduced, making sure smoother navigation across apps, menus, and multitasking environments. System lag has been significantly reduced, making sure smoother navigation across apps, menus, and multitasking environments. Mail App Fixes: Persistent display issues, such as the unread filter visibility, have been resolved, improving functionality for users who rely on email for daily communication. Persistent display issues, such as the unread filter visibility, have been resolved, improving functionality for users who rely on email for daily communication. Battery Life Improvements: Incremental enhancements have been made to battery performance, though further optimization is expected in future updates. These fixes are particularly beneficial for users who rely on the beta for daily tasks, providing a more seamless and reliable experience. Developers and testers can now explore the platform with fewer interruptions caused by system instability. New Features to Explore While the primary focus of this release is on stability and performance, iOS 26 Beta 4 introduces subtle yet impactful features designed to enhance user customization and interactivity. These additions reflect Apple's attention to detail and its efforts to refine the user experience: Dynamic Wallpapers: A selection of new customizable wallpapers has been introduced, offering visually appealing options for both iOS devices and CarPlay interfaces. A selection of new customizable wallpapers has been introduced, offering visually appealing options for both iOS devices and CarPlay interfaces. Safari Haptic Feedback: Downloading files in Safari now triggers haptic feedback, providing a tactile response that enhances user interaction and awareness. Downloading files in Safari now triggers haptic feedback, providing a tactile response that enhances user interaction and awareness. Podcast Playback Enhancements: Users can now enjoy adjustable playback speeds and improved dialogue clarity, catering to diverse listening preferences and making podcasts more accessible. These features, though subtle, demonstrate Apple's commitment to refining the overall user experience, even in the early stages of software development. Performance Enhancements Benchmark tests conducted on iOS 26 Beta 4 reveal noticeable improvements in system performance. These enhancements are particularly evident in the following areas: CPU Performance: Faster app launches and smoother multitasking have been observed, making the system more responsive for everyday use. Faster app launches and smoother multitasking have been observed, making the system more responsive for everyday use. Battery Optimization: While not yet at its peak, battery life has been improved compared to earlier beta versions, offering extended usage for resource-intensive applications. These performance gains are especially valuable for users running the beta on older devices or those testing resource-heavy applications. The improvements ensure a more efficient and enjoyable experience, even during the beta phase. Release Cycle and Recommendations Apple's beta release cycle appears to be accelerating, with updates now expected on a weekly basis. Beta 5 is anticipated in the coming days, and the final version of iOS 26 is projected to launch in mid-September, coinciding with the release of the iPhone 17. This timeline provides a clear roadmap for developers and public beta testers eager to stay informed and prepared. If you are considering testing the beta, here are some recommendations to guide your decision: For Developers: Staying on the beta track is ideal for those seeking early access to new features, tools, and APIs that can enhance app development and testing. Staying on the beta track is ideal for those seeking early access to new features, tools, and APIs that can enhance app development and testing. For Public Beta Users: If stability is your priority, this re-release offers a more reliable platform for daily use while still allowing you to explore new features. If stability is your priority, this re-release offers a more reliable platform for daily use while still allowing you to explore new features. If Issues Arise: Downgrade options remain available, allowing users to revert to a stable iOS version if the beta does not meet their needs. By following these recommendations, users can make informed decisions about whether to participate in the beta program and how to navigate potential challenges. Looking Ahead The iOS 26 Beta 4 Re-Release represents a significant step forward in Apple's iterative development process. By addressing critical bugs, introducing subtle yet meaningful features, and improving overall performance, this update enhances the experience for both developers and public beta testers. With the final release of iOS 26 on the horizon, Apple continues to refine its software ecosystem, setting the stage for the highly anticipated launch of the iPhone 17. This re-release underscores Apple's dedication to delivering a polished and reliable platform, even during the beta testing phase. Enhance your knowledge on iOS 26 Beta by exploring a selection of articles and guides on the subject. Source & Image Credit: zollotech Filed Under: Apple, Apple iPhone, Top News Latest Geeky Gadgets Deals Disclosure: Some of our articles include affiliate links. If you buy something through one of these links, Geeky Gadgets may earn an affiliate commission. Learn about our Disclosure Policy.
BreakingNews.ie
9 minutes ago
- BreakingNews.ie
Starmer to raise Gaza ceasefire and UK steel tariffs in Trump meeting
Keir Starmer is expected to raise the prospect of reviving ceasefire talks between Israel and Hamas and the future of tariffs on British steel as he meets Donald Trump in Scotland. The British Prime Minister will travel to Ayrshire, where the US president is staying at his Turnberry golf resort, for wide-ranging discussions on trade and the Middle East as international alarm grows over starvation in Gaza. Advertisement The two leaders have built a rapport on the world stage despite their differing political backgrounds, with Mr Trump praising Starmer for doing a 'very good job' in office ahead of their talks on Monday. But humanitarian conditions in Gaza and uncertainty over US import taxes on key British goods in America threaten to complicate their bilateral meeting. The US president has been playing golf at his Turnberry resort in Scotland (PA) Peace talks in the Middle East came to a standstill last week after Washington and Israel recalled negotiating teams from Qatar, with White House special envoy Steve Witkoff blaming Hamas for a 'lack of desire' to reach an agreement. Since then, Israel has promised military pauses in three populated areas of Gaza to allow designated UN convoys of aid to reach desperate Palestinians. Advertisement But the UK, which is joining efforts to airdrop aid into the enclave and evacuate children in need of medical assistance, has said that access to supplies must be 'urgently' widened. In his talks with Mr Trump, Starmer will 'welcome the President's administration working with partners in Qatar and Egypt to bring about a ceasefire in Gaza', Number 10 said. 'He will discuss further with him what more can be done to secure the ceasefire urgently, bring an end to the unspeakable suffering and starvation in Gaza and free the hostages who have been held so cruelly for so long.' The leaders will also talk 'one-on-one about advancing implementation of the landmark Economic Prosperity Deal so that Brits and Americans can benefit from boosted trade links between their two countries', it said. Advertisement The agreement signed at the G7 summit last month slashed trade barriers on goods from both countries. But tariffs for the steel industry, which is of key economic importance to the UK, were left to stand at 25 per cent rather than falling to zero as originally agreed. Concerns had previously been raised that the sector could face a levy of up to 50 per cent – the US's global rate – unless a further agreement was made by July 9th, when Mr Trump said he would start implementing import taxes on America's trading partners. But that deadline has been and gone without any concrete update on the status of UK steel. Advertisement Downing Street said that both sides are working 'at pace' to 'go further to deliver benefits to working people on both sides of the Atlantic' and to give UK industry 'the security it needs'. The two leaders are also expected to discuss the war in Ukraine, which Number 10 said would include 'applying pressure' on Vladimir Putin to end the invasion, before travelling on together for a private engagement in Aberdeen. It comes after Mr Trump announced he had agreed 'the biggest deal ever made' between the US and the European Union after meeting Ursula von der Leyen for high-stakes talks at Turnberry on Sunday. After a day playing golf, the US leader met the President of the EU Commission to hammer out the broad terms of an agreement that will subject the bloc to 15 per cent tariffs on most of its goods entering America. Advertisement This is lower than a 30 per cent levy previously threatened by the US president. The agreement will include 'zero for zero' tariffs on a number of products including aircraft, some agricultural goods and certain chemicals, as well as EU purchases of US energy worth 750 billion dollars (€638 billion) over three years. Speaking to journalists on Sunday about his meeting with, Mr Trump said: 'We're meeting about a lot of things. We have our trade deal and it's been a great deal. 'It's good for us. It's good for them and good for us. I think the UK is very happy, they've been trying for 12 years to get it and they got it, and it's a great trade deal for both, works out very well. 'We'll be discussing that. I think we're going to be discussing a lot about Israel. 'They're very much involved in terms of wanting something to happen. 'He's doing a very good job, by the way.' Mr Trump's private trip to the UK comes ahead of a planned state visit in September.
Reuters
9 minutes ago
- Reuters
EU Russia sanctions add fuel to red-hot global diesel market
LONDON, July 28 (Reuters) - New European Union sanctions targeting Russia's oil industry will reshuffle global diesel flows for the second time since 2022, adding pressure to an already red-hot market. Diesel prices have proven surprisingly resilient so far this year. U.S. President Donald Trump's sweeping tariff announcement in April sparked concerns that global economic and trade activity was about to decelerate sharply. But these fears failed to materialize after Trump rowed back many of these threats and engaged in trade negotiations. The diesel market is seen as a proxy for global economic activity because the fuel is mostly used in trucks, ships and power generators as well as agricultural and industrial machinery. In Europe, around a quarter of the passenger car fleet runs on diesel, a significantly higher proportion than in other regions. U.S. diesel demand, based on a four-week average, has been nearly 5% higher so far in 2025 than a year ago at 3.8 million barrels per day, according to the Energy Information Administration. Meanwhile, India's diesel consumption in May climbed 2.1% from a year earlier and China's demand appeared to be strong in June, judging by high refinery crude processing. This is a far cry from the weak environment many imagined we might be seeing after Trump escalated his global trade war. One major support for refining margins in recent months has been low diesel stocks. Combined inventories of diesel in the United States, Europe and Singapore are around 20% below their 10-year average. Diesel stocks typically build during the northern hemisphere summer, when refinery output is at its highest. Beyond the mixed demand picture, there are a host of other reasons for the slow diesel inventory build. These include unplanned refinery outages, such as Israel's 197,000-barrels per day refinery in Haifa that was hit during the 12-day war with Iran in June, and the closure of the 113,000-bpd Lindsey refinery in northeast England following its owner's bankruptcy. The global shortage in heavy and medium crude oil grades, which have higher diesel yields, has further limited refining output. The shortage is the result of U.S. sanctions on Venezuelan crude exports, a drop in Canadian output due to wildfires and lower exports of those grades by OPEC members. The outlook for diesel was further complicated last week after the EU adopted its 18th package of sanctions against Russia over its war in Ukraine. The measures, aimed at limiting Moscow's revenue from oil exports, included an import ban on refined products made from Russian crude. The ban, which would likely kick in next year, seeks to close a loophole that Russia has been exploiting since the EU halted most imports of the country's crude and refined products in the wake of Moscow's invasion of Ukraine in February 2022. Russia accounted for 40% of Europe's diesel imports in 2021, representing nearly a quarter of the region's total consumption. To address the shortfall following the 2022 ban, Europe increased diesel imports from China, India and Turkey. At the same time, those three countries sharply increased imports of cheap Russian crude oil, which meant Europe was effectively buying products made from Russian feedstock. Indian refiners, which accounted for 16% of Europe's imports of diesel and jet fuel last year, are set to be particularly hard hit by the latest ban, as 38% of India's crude imports in 2024 were from Russia, according to Kpler data. The ban would likely have a smaller impact on imports by Turkey, where Russian crude tends to be used by refineries that supply the domestic market. Plants that export fuel to Europe tend to process non-Russian crude. The main winners will likely be Gulf states. The new EU ban exempts countries that are net exporters of crude, even if they import Russian oil. This would allow refineries in Saudi Arabia, the United Arab Emirates and Kuwait to increase exports to Europe, taking market share from Indian competitors. The most likely outcome from these new sanctions, whose details have yet to be specified, is a reorganization of global diesel shipping flows. Indian refiners, including the giant 1.2 million Reliance refining complex in Jamnagar, will need to find new outlets for their fuels. This will likely include markets in Africa, where Indian operators would be competing for market share with Nigeria's newly-built 650,000-bpd Dangote refinery, the continent's largest. At the same time, Middle Eastern refiners will direct more diesel towards Europe and less fuel towards closer Asian markets. This, in turn, will likely lead to higher freight costs – and that could ultimately push up prices at the pump in Europe. This situation would get even more complicated if President Trump follows through on the threat to hit countries that buy Russian oil with a 100% tariff if Moscow doesn't agree to stop the fighting in Ukraine by September. This all means that even if oil demand begins to falter, the combination of low global diesel inventories and tightening sanctions on Russia will likely support diesel prices and refining margins in the months ahead. Enjoying this column? Check out Reuters Open Interest (ROI),, opens new tabyour essential new source for global financial commentary. ROI delivers thought-provoking, data-driven analysis. Markets are moving faster than ever. ROI, opens new tab can help you keep up. Follow ROI on LinkedIn, opens new tab and X., opens new tab
