L3Harris Technologies, Inc. (LHX, Financial) announced its first-quarter financial results, revealing revenue of $5.1 billion, which fell short of the $5.22 billion anticipated by analysts. Despite this, the company emphasized robust operational execution and program performance, driving growth in their adjusted segment operating margin.
CEO Christopher Kubasik highlighted the company's ongoing alignment with key national security objectives, which continues to drive demand for their solutions. Additionally, the company has maintained a disciplined capital deployment strategy, returning nearly $800 million to shareholders via dividends and share buybacks during the quarter. This marks the 24th consecutive yearly increase in dividends.
L3Harris is optimistic about its position in supporting evolving defense priorities for the new administration, leveraging strategic partnerships to accelerate delivery of critical solutions. With the completion of the Commercial Aviation Solutions divestiture, L3Harris has revised its guidance while upholding its commitment to free cash flow.
Overall, L3Harris remains confident in its ability to achieve its financial goals for 2026 and sustain long-term growth.
