L3Harris (LHX) Bets On International Expansion To Drive Future Revenue Growth

L3Harris Technologies (LHX) is aggressively expanding its footprint across international markets, positioning itself to serve a much broader customer base beyond U.S. borders.

In fiscal 2025, the company’s international revenues reached $4.8 billion, accounting for 22% of total revenues across its global operations.

L3Harris serves customers in more than 100 countries, giving the company exposure to a diverse and wide-ranging set of international defense and technology markets.

The company’s international operations are backed by marketing organizations and regional sales offices spanning Europe, the Middle East and Africa, Asia-Pacific, and Canada.

This geographic infrastructure allows L3Harris to maintain closer relationships with foreign customers and actively pursue new opportunities across multiple regions simultaneously.

No single foreign country accounted for more than 5% of revenues in fiscal 2025, a distribution that provides meaningful geographic diversification against regional risk.

International deliveries played a direct role in supporting L3Harris’ overall fiscal 2025 revenue growth, with consolidated revenues rising 3% to $21.865 billion for the year.

Higher volumes, including new program ramps and increased international deliveries, were cited as key contributors to that consolidated revenue performance.

L3Harris competes internationally against large defense companies, focusing on opportunities that align with its specific technological capabilities and broader strategic objectives.

Its established international marketing infrastructure across multiple regions positions the company to continue pursuing expansion in global defense markets going forward.

Other major aerospace and defense players are also capitalizing on growing international demand, with General Dynamics (GD) and RTX Corporation (RTX) both generating significant revenue outside the United States.

General Dynamics generated $9.2 billion from non-U.S. government and commercial customers in 2025, representing 17% of the company’s consolidated revenues.

RTX posted $41.3 billion in international sales in 2025, representing 47% of total net sales, with customers spread across Europe, Asia-Pacific, the Middle East, and other regions.

On the earnings front, the Zacks Consensus Estimate for LHX projects year-over-year earnings per share growth of 9.79% in 2026 and 14.44% in 2027.

LHX is currently trading at a forward 12-month price-to-sales ratio of 1.89X, a notable discount compared to the industry average of 2.26X.

Over the past year, LHX shares have fallen 11.8%, a decline that nonetheless compares favorably to the broader industry’s drop of 13.7% over the same period.

LHX stock currently carries a Zacks Rank of 3, which translates to a Hold rating under that firm’s classification system.