L3Harris Technologies reported its earnings for the full year ending January 2, 2025. Revenue increased by 3% to $20.54 billion, driven by higher volumes across most segments, including new program ramps and increased international deliveries. Gross margin improved, reflecting higher volumes in the AR and CS segments, partially offset by the absence of contributions from the CAS disposal group. Net income for the period was $1.61 billion. Net income attributable to shareholders was also $1.61 billion. Diluted earnings per share $(EPS)$ stood at $8.53. The company's effective tax rate for the year was 16.9%. L3Harris continues to prioritize performance, growth, and innovation, with ongoing investments supporting profitable growth opportunities and a focus on operational excellence. The company announced that, starting in fiscal 2026, its LHX NeXt initiative will become fully integrated into standard operations, with ongoing cost savings measured as part of operational improvements under its e3 (excellence, everywhere, everyday) framework.

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