L3Harris Technologies, Inc.: What Is The Story Behind Its International Growth and Expansion?

L3Harris Technologies, a leading provider of national security solutions, reported strong key performance metrics in the Q1 2024 with an industry-leading margin expansion of 80 basis points to 15.1%. This has fueled an upbeat full-year 2024 margin, EPS, and revenue guidance. The operating income went up by $150 million, boosting EPS by 7% to $3.06 per share majorly because of segment operating margin performance. The company stayed on track with free cash flow and delivered free cash outflow of $156 million. The quarter saw revenue growth by 17% and 5% organically with growth in three of the four segments.