U.S. defense contractor L3Harris Technologies exceeded Wall Street expectations in Q2, driven by high demand amid geopolitical tensions. Shares rose 2% in premarket trading. Revenue increased 2.4% to $5.43 billion, beating estimates. The company raised its annual revenue forecast to $21.75 billion and adjusted profit to $10.40-$10.60 per share.

The surge in demand for arms and military equipment, fueled by the Russia-Ukraine conflict and Middle East tensions, has boosted sales at L3Harris and competitors. The company’s adjusted profit of $2.78 per share in Q2 surpassed expectations of $2.50. The outlook for the year is optimistic, with a projected profit increase.

Read more at Yahoo Finance: Defense contractor L3Harris raises 2025 outlook on steady demand