Latest news with #L3Harris
Yahoo
6 days ago
- Business
- Yahoo
Defense contractor L3Harris raises 2025 outlook on steady demand
(Reuters) -U.S. defense contractor L3Harris Technologies raised its annual forecast and beat Wall Street expectations for second-quarter results on Thursday, driven by resilient demand amid rising geopolitical tensions. 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. Sign in to access your portfolio
Yahoo
6 days ago
- Business
- Yahoo
L3Harris stock moves higher as solid Q2 print fuels 2025 guidance hike
-- L3Harris Technologies (NYSE:LHX) shares advanced 2% in premarket trading Thursday after the U.S. defense contractor raised its full-year outlook following stronger-than-expected results in the second quarter. Earnings per share (EPS) in Q2 came in at $2.78, beating the consensus estimate of $2.48. Revenue rose to $5.4 billion, also slightly ahead of the expected $5.32 billion. The company reported $8.3 billion in orders during the quarter, resulting in a book-to-bill ratio of 1.5. Operating margin stood at 10.5%, while the adjusted segment operating margin was 15.9%. 'We delivered impressive second-quarter results, led by a record book-to-bill of 1.5x, solid organic growth, and year-over-year adjusted segment operating margin expansion for the seventh consecutive quarter," said Christopher E. Kubasik, Chair and CEO of L3Harris. "This marks a clear inflection point, with our strongest top-line growth in six quarters and meaningful progress towards our 2026 Financial Framework," he added. L3Harris lifted its full-year 2025 EPS guidance to a range of $10.40 to $10.60, up from the previous $10.30 to $10.50, and in line with the $10.50 consensus. Revenue is now expected to reach approximately $21.75 billion, compared with the earlier outlook of $21.4 billion to $21.7 billion. The company also raised its cash flow forecast to about $2.65 billion, up from the prior range of $2.4 billion to $2.5 billion. Related articles L3Harris stock moves higher as solid Q2 print fuels 2025 guidance hike Risks Rising? Smart Money Dodged 46%+ Drawdowns on These High-Flying Names After soaring 149%, this stock is back in our AI's favor - & already +25% in July
Reuters
6 days ago
- Business
- Reuters
Defense contractor L3Harris raises 2025 outlook on steady demand
July 24 (Reuters) - U.S. defense contractor L3Harris Technologies (LHX.N), opens new tab raised its annual forecast and beat Wall Street expectations for second-quarter results on Thursday, driven by resilient demand amid rising geopolitical tensions. 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.
Morocco World
23-07-2025
- Business
- Morocco World
Royal Moroccan Air Force Signs Major C-130 Fleet Upgrade with L3Harris
Marrakech – The Royal Moroccan Air Force (RMAF) has finalized a contract with American defense contractor L3Harris Technologies for the comprehensive modernization of multiple C-130 aircraft, enhancing Morocco's military transport capabilities. L3Harris announced the agreement on July 14, following an earlier confirmation when the Administration of National Defense formalized the strategic partnership on July 3. The US Embassy's Chargée d'Affaires, Aimee Cutrona, described the deal as 'a milestone moment in the ongoing U.S.-Morocco partnership in defense and aerospace' on her X platform account. According to the official press release, L3Harris will perform extensive modifications, including 'avionics modification, program depot maintenance, engine overhaul and other support efforts' on the Moroccan C-130 fleet. Jason Lambert, President of Intelligence, Surveillance and Reconnaissance at L3Harris, spoke of the importance of the agreement, stating it 'marks the beginning of a strategic, long-term partnership with the Royal Moroccan Air Force to ensure their fleet is ready for any mission.' L3Harris' aircraft maintenance and modification facility in Waco, Texas, will begin the renovation this year and continue the work through 2029. The upgraded fleet aims to improve aircraft availability for various missions, including tactical airlift, humanitarian assistance, and special operations. Rather than replacing its aging C-130 fleet with new aircraft, Morocco has opted for this intermediate approach. According to military sources, this decision aligns with broader strategic planning priorities, considering capabilities already under development and available resources while maintaining reliable air transport capacity. The C-130 Hercules is a four-engine turboprop military transport aircraft that was designed by American manufacturer Lockheed Martin in the 1950s. Known for its robustness and versatility, it performs a wide range of missions, including troop and equipment transport, aerial delivery, refueling, humanitarian missions, medical evacuations, and firefighting operations. The modernization program also addresses security imperatives, particularly following the Guelmim accident in 2011. According to sources, it will enhance avionics and onboard systems, potentially extending the operational lifespan of the aircraft by 15 to 20 years while strengthening Moroccan teams' expertise in managing new-generation equipment. This contract forms part of Morocco's ongoing military modernization strategy. In recent months, the Royal Armed Forces have acquired various new equipment, including up to 600 Stinger anti-aircraft missiles approved by the US in April in a potential $825-million deal. The country is also set to purchase 612 Javelin missiles and 200 launch units from the US in a deal worth approximately $260 million, according to an official notice published in the US Federal Register on May 30. In March, the RMAF also received its first batch of AH-64E Apache attack helicopters from Boeing, part of a $440 million contract signed in 2020 for 24 helicopters with an option for 12 more. In February, Morocco secured Chinese-made TB-001K 'Scorpion' drones for reconnaissance and strike missions. During the same month, the country received its first delivery of Bayraktar Akinci drones from Turkey following a 2023 agreement. L3Harris Technologies already supplies smart weapons systems for Morocco's F-16 fighter jets, enabling pilots to double their aircraft's munitions capacity. The new C-130 modernization contract further solidifies the defense relationship between Rabat and Washington, bound by nearly 250 years of history, while enhancing the North African country's regional strategic capabilities. While Moroccan pilots have reportedly tested the C-390 Millennium from Brazilian company Embraer as a potential addition to their transport fleet, the current focus remains on extending the operational life of the existing C-130 aircraft through comprehensive modernization. Tags: Military modernizationThe Royal Moroccan Air Force (RMAF)
Yahoo
23-07-2025
- Business
- Yahoo
Increasing Expansion in Deep-Sea Exploration, Rapid Growth of Renewable Energy, Rising Demand in Climate and Environmental Research
The report offers an in-depth analysis of the global autonomous underwater vehicle (AUV) market, covering key segments such as payload and product types, applications, and regional dynamics. It highlights trends, growth drivers, and market projections from 2024 to 2030, with a focus on innovations and major players like L3Harris, Kongsberg, and Teledyne Marine, optimizing strategies for diverse applications in military, commercial, and academic sectors. Global Autonomous Underwater Vehicles Market Dublin, July 16, 2025 (GLOBE NEWSWIRE) -- The "Autonomous Underwater Vehicles: Global Markets to 2030" report has been added to offering. The global market for autonomous underwater vehicles (AUVs) was valued at $2.4 billion in 2024 and is estimated to increase from $2.7 billion in 2025 to reach $5.9 billion by 2030, at a compound annual growth rate (CAGR) of 16.7% from 2025 through 2030. The report provides a comprehensive regional analysis covering North America, Europe, Asia-Pacific and the Rest of the World (RoW), including Latin America, the Middle East and Africa. It evaluates the market dynamics, including drivers, challenges and emerging trends, while highlighting innovations in material design and performance enhancement. The study concludes with an analysis of major market players and their offerings. The base year for the study is 2024, with projections for the years 2025 through 2030, including compound annual growth rate (CAGR) for the forecast period. AUVs are unmanned, self-guided submersibles used for underwater applications across multiple sectors. These vehicles enable precise data collection, exploration and monitoring in environments that are otherwise difficult or dangerous for human access. AUVs improve the efficiency, safety and depth of underwater operations by offering high-resolution imaging, real-time data transmission and autonomous navigation AUV market is witnessing strong growth, fueled by increasing demands in defense, oil and gas, environmental observation, and oceanographic research markets. Seabed mapping, pipeline inspection, underwater surveillance and marine habitat analysis are some applications reflecting the benefits of AUVs compared with conventional manned or tethered solutions. Offshore energy development expansion, rising maritime security issues, and the requirement for high-quality underwater information are also fueling Includes 38 data tables and 39 additional tables An analysis of the global market and technologies for autonomous underwater vehicles (AUVs) Analyses of global market trends, with revenue data from 2024, estimates for 2025, forecast for 2027 and projected CAGRs through 2030 Estimates of the market's size and revenue prospects, accompanied by a market share analysis by product type, payload type, application and region Facts and figures pertaining to market dynamics, technological advancements, regulations, industry structure, and the impacts of macroeconomic variables Insights derived from Porter's Five Forces model, global supply chain and trade analyses (export/import scenario) Patent analysis, and emerging trends and developments in patent activity Overview of sustainability trends and ESG developments, with emphasis on consumer attitudes, and the ESG scores and practices of leading companies Analysis of the industry structure, including companies' market shares and rankings, strategic alliances, M&A activity and a venture funding outlook Company profiles of major players within the industry, including L3Harris Technologies Inc., Kongsberg Maritime, Teledyne Marine Technologies Inc., SAAB AB, and Exail. Key Attributes: Report Attribute Details No. of Pages 120 Forecast Period 2025 - 2030 Estimated Market Value (USD) in 2025 $2.7 Billion Forecasted Market Value (USD) by 2030 $5.9 Billion Compound Annual Growth Rate 16.7% Regions Covered Global Key Topics Covered: Chapter 1 Executive Summary Market Outlook Scope of Report Market Summary Market Dynamics and Growth Factors Emerging Technologies Segmental Analysis Regional Analysis Conclusion Chapter 2 Market Overview Current Market Overview Future Outlook Macroeconomic Factors Analysis GDP Growth Inflation Interest Rates Fuel Prices and Energy Demand Impact of the U.S.-China Trade War Supply Chain Disruptions Innovation and R&D Challenges Strategic Response by Key Players Value Chain Analysis Component Development Manufacturing and Assembly Distribution and Logistics Application and Deployment Ongoing Support and Performance Optimization Porter's Five Forces Analysis Bargaining Power of Suppliers Bargaining Power of Consumers Potential for New Entrants Level of Competitiveness Availability of Substitutes Chapter 3 Market Dynamics Key Takeaways Market Drivers Increasing Defense Spending Growing Demand for Oceanographic Research Increasing Cost Efficiency and Safety Market Restraints/Challenges High Initial Investment Technical Challenges Market Opportunities Increasing Expansion in Deep-Sea Exploration Rapid Growth of Renewable Energy Sector Rising Demand for AUVs in Climate and Environmental Research Chapter 4 Regulatory Landscape Overview Regulatory Scenario of AUVs Chapter 5 Emerging Technologies and Patent Analysis Overview Emerging Technologies AI and ML Swarm Technology Underwater Communication Systems Energy Harvesting Patent Analysis Regional Patterns Key Findings Chapter 6 Market Segment Analysis Segmentation Breakdown Market Breakdown by Payload Type Key Takeaways Sensors Inertial Navigation Systems (INS) Others Market Breakdown by Product Type Key Takeaways Shallow AUVs Medium-sized AUVs Large AUVs Market Breakdown by Application Key Takeaways Military and Defense Commercial Academic Geographic Breakdown Market Breakdown by Region Key Takeaways North America Europe Asia-Pacific Rest of the World Chapter 7 Competitive Landscape Key Takeaways Market Ecosystem Analysis Component Suppliers AUV Manufacturers Original Equipment Manufacturers (OEMs) Analysis of Key Companies L3Harris Technologies Inc. Kongsberg Maritime Teledyne Marine Technologies Inc. Saab AB Exail Strategic Analysis Recent Developments Chapter 8 Environmental, Social and Governance (ESG) Perspective Key Takeaways Environmental Impact Social Impact Governance Impact Status of ESG in the AUV Market Concluding Remarks Chapter 9 AppendixCompanies Featured Atlas Elektronik Gmbh Boston Engineering Evologics Gmbh Exail General Dynamics Mission Systems Inc. International Submarine Engineering Ltd. Kearfott Corp. Klein Kongsberg Maritime Kraken Robotics Inc. L3Harris Technologies Inc. Lockheed Martin Corp. Oceaneering International Inc. Saab Ab Teledyne Marine Technologies Inc. For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Global Autonomous Underwater Vehicles Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
