L3harris Technologies (LHX) Investor presentation summary

Investment highlights

• Consistent delivery on commitments with a focused strategy for future warfare needs.

• World-class leadership team with deep operational expertise.

• Strong financials, including market-leading growth, margins, and free cash flow.

Financial performance and outlook

• 2026 revenue guidance at $23.0B, exceeding prior financial framework, with 6% CAGR.

• Adjusted segment operating margin projected at 14.8% for 2026, over 100 bps above framework.

• Adjusted free cash flow guidance for 2026 at $2.8B, with 14% CAGR.

• 2028 targets: $27B revenue (8% organic CAGR), $4.4B segment operating income (9% CAGR), $5B cash from operations, $3.5B free cash flow.

Strategic initiatives and portfolio

• Portfolio realigned for customer priorities: Space & Mission Systems (SMS), Communications & Spectrum Dominance (CSD), and Missile Solutions (MSL).

• Sale of majority stake in Space Technology group to focus on core growth areas and SRM expansion.

• Investments in missile solutions and capacity expansion to meet durable demand.