Orders were 3.2 times quarterly revenue, with the Missile Solutions business recording a book-to-bill ratio of 11.8. Communications & Spectrum Dominance posted a ratio of 1.9, while Space & Mission Systems recorded 1.0.
“Our priority now is to convert that demand into results. We will continue to invest in production capacity and differentiated capabilities across missiles and missile solutions, space, resilient communications and multi-domain sensing, which will enable us to deliver for the warfighter, our customers and our shareholders,” said Sam Mehta, L3Harris president and chief executive officer.
The company’s quarterly and recent awards include seven-year undefinitized contracts worth $6.3 billion for THAAD propulsion and $4.7 billion for PAC-3 Missile Segment Enhancement propulsion. Both figures exclude escalations, and the contracts support increased production of the missile defense systems.
L3Harris also announced a $250 million follow-on contract for standard-range Guided Multiple Launch Rocket System propulsion units. In October, it opened its Arsenal of Freedom solid rocket motor plant in Camden, Arkansas, one of approximately 60 new facilities being built to address munitions demand.
Counter-drone orders included more than $500 million for VAMPIRE systems from the United States and allies. The company delivered the first units to the U.S. Army two months after receiving its order.
An $876 million modification supports development and production preparation for the Navy’s Next Generation Jammer Low Band system. The tactical electronic warfare program adds to the company’s work beyond missile propulsion.
Third-quarter revenue increased 7% to $6.1 billion, or 9% organically, with double-digit growth in Space & Mission Systems and Missile Solutions. The operating income margin rose two percentage points to 13%, while the segment operating margin remained at 15.9%.
