Defense contractor L3Harris raises full-year earnings guidance after reporting $7.3 billion in Q2 orders and a $42 billion backlog.
L3Harris Technologies raised its 2026 earnings per share forecast to a range of $11.80-$12.00, up from prior guidance. The company cited strong Q2 performance, with orders reaching $7.3 billion and a book-to-bill ratio of 1.2x.
Backlog grew by over $1 billion to $42 billion, while the trailing 12-month book-to-bill ratio stood at 1.3x. The company also announced plans to revisit its Missile Solutions IPO in mid-2027, delaying the timeline by a year.
Management attributed the outlook upgrade to robust demand and operational execution, positioning the firm for sustained growth.