L3Harris (LHX) Q1 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Thu, April 30, 2026 astatine 11:18 AM CDT 40 min read

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Date

Thursday, April 30, 2026 astatine 10:30 a.m. ET

Call participants

• Chair and CEO — Christopher E. Kubasik

• Chief Financial Officer — Kenneth A. Sharp

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Full Conference Call Transcript

Christopher E. Kubasik: Thanks, Tony, and bully morning, everyone. I would similar to commencement by thanking Kenneth L. Bedingfield for his two-plus years arsenic CFO, and for taking connected the rocket solutions conception president relation this past year. Ken is present focused afloat clip connected expanding coagulated rocket centrifugal accumulation capableness successful enactment of the Munitions Acceleration Council program. I would besides similar to invited our caller CFO, Ken Sharp, to today's call. He joined the squad successful mid-March and has deed the crushed running. I proceed to judge L3Harris Technologies, Inc. attracts the champion endowment successful the industry, and I americium excited astir what we are gathering here.

Also, I would similar to convey our employees for a large archetypal quarter—one of the champion we person had—and particularly those employees that are guardant deployed supporting our warfighter. The planetary information situation is evolving rapidly, and the implications for our customers are progressively clear. Across the Middle East, Europe, and the Indo-Pacific, the menace situation is driving greater urgency astir readiness, resilience, and modernization. Our customers are focused connected capabilities that tin beryllium rapidly fielded, and they are looking for partners that tin deliver. This positions america good to thrust industry-leading growth. Our strategy is aligned with lawsuit demand. The Trump medication has made it wide that rebuilding the defence concern basal is simply a nationalist information imperative.

The Pentagon and Congress are progressively supportive of multiyear procurement authorities and different mechanisms to amended throughput crossed the ecosystem. In enactment of that imperative, determination has been a measurement alteration successful the DoD fund petition driven by the request for affordable solutions that tin beryllium produced astatine velocity and scale. With a $1.1 trillion basal fund request, and $350 cardinal successful reconciliation funding, the projected fund sends a beardown awesome that our federation indispensable put successful the concern base. Specifically, the president's petition reinforces request signals for captious missiles and munitions, SDA tracking layer, Compass Call concern jets, and tactical connection modernization—all of which align with our halfway strengths.

At the aforesaid time, our allies are expanding their defence budgets. There is simply a greater urgency astir modernization successful Europe and different cardinal planetary markets. Our planetary book-to-bill was 2.2 for the quarter. Over the past 5 years, we person embraced the unsocial trusted disruptor strategy that positions america betwixt accepted primes and the caller defence tech companies. We are delivering astatine the scales expected of a premier combined with the agility and accelerated missionization of caller defence tech companies. Our consistently beardown fiscal results show the occurrence of our strategy. Everything we person done for the past 5 years is positioning america for sustained maturation for the adjacent decade.