L3Harris CFO on Defense Demand, Golden Dome Investment, and Capacity at Scale

Defense Industry Growth and L3Harris's Role

• 🚀 L3Harris is positioned as a trusted disruptor in the defense industry, ready to support government initiatives by investing to deliver capability rapidly and on schedule.
• 💡 The company has been actively engaged in cost-cutting measures to ensure affordability while accelerating the delivery of critical defense capabilities.

The Golden Dome Initiative

• 🎯 The Golden Dome project, a significant homeland missile defense undertaking with an allotted $175 billion, represents a major revenue growth opportunity for L3Harris in 2026 and 2027.
• 🛰️ Opportunities within Golden Dome include space-based sensing, the SDA trunch 3, and the hypersonic ballistic tracking sensor program, which is seen as a multi-billion dollar near-term prospect.
• 💥 L3Harris is also involved in interceptor acceleration for homeland defense programs like THAAD, PAC 3, Standard Missile, and Tomahawk, as well as classified programs and evaluating proposals for space-based interceptors.

Responding to Market Demand

• 📈 L3Harris is experiencing surging demand for defense capabilities, driven by the need for rapid deployment of capacity and advanced technology.
• 💰 The company's focus is on investing ahead of need, ensuring factories are ready for programs like Golden Dome and increasing capacity for solid rocket motors to meet interceptor demands.

Government Investment Discussions

• 🗣️ Regarding discussions about the government potentially taking stakes in defense contractors, L3Harris emphasizes that the critical focus is on scaling capability and capacity rapidly.
• ⚠️ The company prefers to avoid distractions from necessary investments and is committed to delivering maximum capability to the customer.