L3Harris Raises 2026 Profit Forecast Due to Increased Weapons Demand
L3Harris Technologies raised its 2026 profit forecast after exceeding first-quarter revenue estimates, driven by strong demand for its weapons and military intelligence systems from the Pentagon. The company's missile solutions segment saw an 18% revenue increase, and its space and mission systems business reported a 24% rise in first-quarter sales.
Tickers: $LHX
Topics: defense industry IPO military contracts profit forecast revenue growth