Financial Performance - Total revenue for the first quarter of 2025 was $5,132 million, a decrease of 1.5% from $5,211 million in the first quarter of 2024[90]. - The operating income for the first quarter of 2025 was $525 million, an increase from $378 million in the first quarter of 2024[90]. - Net EAC adjustments for the first quarter of 2025 resulted in a loss of $21 million before income taxes, compared to a gain of $19 million in the same period of 2024[79]. - The company completed the sale of its CAS disposal group for cash proceeds of $831 million, with a pre-tax loss of $17 million recognized in the first quarter of 2025[83][85]. - Capital expenditures for the first quarter of 2025 totaled $59 million, significantly lower than $115 million in the first quarter of 2024[100]. - The company reported a total of $301 million in depreciation and amortization for the first quarter of 2025, down from $320 million in the same period of 2024[100]. - The CS segment generated revenue of $1,352 million in the first quarter of 2025, up from $1,294 million in the first quarter of 2024[90]. - The IMS segment reported revenue of $1,592 million in the first quarter of 2025, a decrease from $1,627 million in the first quarter of 2024[90]. Environmental Liabilities - As of March 28, 2025, the estimated environmental liability under applicable statutes and regulations for identified sites was $637 million[105]. - The recoverable portion of environmental costs from the U.S. Government was recorded as $463 million as of March 28, 2025[106]. - The current and non-current portions of the estimated environmental liability are included in "Other current liabilities" and "Other long-term liabilities" on the balance sheet[105]. - The current and non-current portions of the recoverable costs are included in "Other current assets" and "Other non-current assets" on the balance sheet[106]. - The company is identified as a potentially responsible party under various environmental laws, with uncertainties regarding liability and cost sharing[104]. - The company is subject to numerous environmental laws and regulations, with some liabilities considered de minimis[104]. Legal Matters - The company is involved in various legal proceedings, but as of March 28, 2025, the accrual for potential unfavorable resolutions was not material[103]. - The company has recorded accruals for losses related to legal matters that are considered probable and can be reasonably estimated[103]. - The company’s management believes that any probable settlements or judgments will not have a material adverse effect on its financial condition[103]. Strategic Initiatives - The company is undergoing the LHX NeXt initiative, expected to continue through 2026, aimed at transforming multiple functions and increasing competitiveness[94]. Market Risk - There were no material changes in market risk exposure during the first quarter of 2025 compared to the previous fiscal year[176]. Backlog - As of March 28, 2025, the company's ending backlog was $33.2 billion, with an expectation to recognize approximately 50% of this revenue over the next twelve months[82].

Exhibit 99.1 Earnings Release L3Harris Technologies Reports First Quarter 2025 Results, Updates 2025 Guidance Highlights* MELBOURNE, Fla., April 24, 2025 — L3Harris Technologies (NYSE: LHX) reported first quarter 2025 diluted EPS of $2.04 on first quarter 2025 revenue of $5.1 billion. First quarter 2025 non-GAAP diluted EPS was $2.41. Reconciliations of non-GAAP results are detailed in tables beginning on page 10. "We're building on our momentum with a strong start to the year, driven by solid operational e ...

Core Viewpoint - L3Harris Technologies, Inc. (LHX) is expected to report first-quarter 2025 results on April 24, 2025, with a projected revenue growth of 0.9% year-over-year, despite a decline in earnings per share by 23.5% compared to the previous year [1][7][9]. Group 1: Revenue Performance by Segment - The Integrated Mission Systems (IMS) segment is anticipated to see a revenue increase of 1.4% year-over-year, with estimates at $1,692 million, driven by higher demand for defense electronics and airborne sensors [2]. - The Communication Systems unit is expected to report revenues of $1,309 million, reflecting a growth of 1.2% from the prior year, supported by increased demand for resilient communication equipment [3]. - The Aerojet Rocketdyne segment is projected to achieve revenues of $561.7 million, indicating a growth of 3.6% year-over-year, aided by synergies from its acquisition and strong demand for rocket motor production [4]. - The Space and Airborne Systems (SAS) segment is estimated to generate revenues of $1,719.4 million, which represents a decline of 1.8% from the previous year, impacted by the divestiture of its antenna business and challenges in classified development programs [5][6]. Group 2: Overall Financial Expectations - The overall revenue for LHX is estimated at $5.26 billion for the first quarter, marking a growth of 0.9% from the prior-year quarter [7]. - Despite solid revenue growth expectations, the earnings per share estimate is pegged at $2.34, reflecting a significant decline of 23.5% year-over-year, primarily due to lower non-cash non-service FAS pension income [9]. - The company has an Earnings ESP of -1.77% and a Zacks Rank of 3, indicating that the model does not predict a definitive earnings beat for this quarter [10].

In its upcoming report, L3Harris (LHX) is predicted by Wall Street analysts to post quarterly earnings of $2.34 per share, reflecting a decline of 23.5% compared to the same period last year. Revenues are forecasted to be $5.26 billion, representing a year-over-year increase of 0.9%.The consensus EPS estimate for the quarter has undergone a downward revision of 1.8% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial est ...

Wall Street expects a year-over-year decline in earnings on higher revenues when L3Harris (LHX) reports results for the quarter ended March 2025. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on April 24. On the o ...

Group 1: Company Overview - L3Harris (LHX) shares increased by 6.8% to close at $214.35, with trading volume significantly higher than usual, contrasting with a 5.5% loss over the past four weeks [1][2] - The recent rise in LHX's share price is linked to the U.S. President's announcement of a substantial increase in defense spending, with approximately $1 trillion allocated to defense in the upcoming fiscal 2026 budget [2] Group 2: Earnings Expectations - L3Harris is projected to report quarterly earnings of $2.55 per share, reflecting a year-over-year decline of 16.7%, while revenues are expected to reach $5.25 billion, a slight increase of 0.8% from the previous year [3] - The consensus EPS estimate for L3Harris has been revised down by 0.6% over the last 30 days, indicating a negative trend in earnings estimate revisions, which typically does not lead to price appreciation [4] Group 3: Industry Context - L3Harris is part of the Zacks Aerospace - Defense industry, where another company, Textron (TXT), saw a 9.6% increase in its stock price, closing at $66.78, despite a -17.3% return over the past month [4] - Textron's consensus EPS estimate remains unchanged at $1.23, representing a 2.5% increase from the previous year, and it also holds a Zacks Rank of 3 (Hold) [5]

Company Overview - L3Harris Technologies, Inc. (LHX) has delivered the first missionized OA-1K Skyraider II aircraft to the U.S. Air Force Special Operations Command, which is expected to enhance LHX's revenue performance in the first quarter of 2025 [1] - The Skyraider II is based on the multi-purpose OA-1 Sky Warden aircraft and can perform various missions, including close air support and armed intelligence, surveillance, and reconnaissance [2] Product Features - The versatility of the Skyraider II allows Special Operations Forces (SOF) to counter rivals across a wide range of military operations, with the capability to operate from challenging airfields [3] - L3Harris is on track to deliver more Skyraider II aircraft, which may attract additional customers and lead to increased contract flows [3] Market Growth Potential - Rising military conflicts and technological advancements are driving nations to increase defense spending, with a forecasted compound annual growth rate of 4.7% for the global military aviation market from 2025 to 2030 [4] - L3Harris is positioned to benefit from this market growth as a major supplier of innovative avionic systems tested on various aircraft platforms, including the F-35 Lightning II [5] Competitive Landscape - Other defense companies likely to benefit from the military aviation market include Boeing, Lockheed Martin, and Embraer, each with strong product portfolios and growth estimates [6][7][8] - Boeing has a long-term earnings growth rate of 17.4% and a projected 25.7% sales improvement for 2025 [7] - Lockheed Martin has a long-term earnings growth rate of 10.6% with a 4.6% sales improvement forecast for 2025 [8] - Embraer is expected to see a 15.1% sales growth in 2025, with a notable earnings surprise average of 138.39% over the last four quarters [9] Stock Performance - Over the past three months, L3Harris shares have increased by 2.8%, while the industry has seen a growth of 12.2% [10]

Core Insights - ABB has secured a contract with L3Harris Technologies to develop a high-resolution infrared interferometer system for the Himawari-10 satellite, which will enhance weather forecasting capabilities in the Asia-Pacific region for the next decade [1][4]. Group 1: Contract and Technology - The interferometer system will be integrated into the Himawari-10 satellite, enabling 3D mapping of the Earth's atmosphere [1][6]. - The L3Harris sounder will operate at an altitude of 36,000 km in geostationary orbit, significantly improving the Japan Meteorological Agency's ability to predict extreme weather events [2][3]. Group 2: Impact on Weather Forecasting - The new sounder will provide a 30-minute revisit capability, greatly enhancing the quality and quantity of data available for weather prediction models compared to current systems [2][3]. - Hyperspectral infrared sounders, first introduced in 2011, have transformed weather forecasting, and the Himawari-10 is expected to further improve forecasting accuracy for Japan and the Asia-Pacific region [4][6]. Group 3: Company Background - ABB is a global leader in electrification and automation, with over 140 years of history and approximately 110,000 employees worldwide [5]. - The company focuses on enabling sustainable and resource-efficient industrial operations through its engineering and digitalization expertise [5].

Core Insights - The focus is on fundamental analysis and disciplined market research to identify investment opportunities in small cap companies with strong fundamentals, large cap companies facing temporary setbacks, and stable companies with solid dividend yields and growth potential [1]. Group 1 - The analyst has a strong quantitative background with a Ph.D. in Chemical Engineering and an MBA, indicating a robust analytical skill set for evaluating companies [1]. - The investment strategy emphasizes identifying small cap companies with growth potential, which may offer higher returns compared to larger, more established firms [1]. - Large cap companies undergoing temporary setbacks are also a focus, suggesting a strategy to capitalize on potential recovery and value appreciation [1]. Group 2 - The emphasis on stable companies with solid dividend yields indicates a preference for income-generating investments, appealing to risk-averse investors [1].

Core Insights - Albert Anthony is a Croatian-American media personality who has gained over 1,000 followers on investor platforms since 2023, focusing on markets and stocks [1] - He is set to launch a new book titled "Financial Markets: Growing A Dividend Income Portfolio" in 2025, coinciding with an ongoing series of articles on the same topic [1] - Albert Anthony has a background in management and information systems analysis, having worked in the IT department of a top-10 financial firm [1] Company Overview - Albert Anthony & Co. is a sole proprietorship registered in Austin, Texas, and is wholly owned by Albert Anthony [1] - The company does not provide personalized financial advisory services but offers general market commentary based on publicly available data [1] Investment Focus - Albert Anthony has launched the Future Investor Fund, which aims to build a dividend portfolio [1] - The brand emphasizes a focus on dividend income as a key investment strategy [1]