Aerojet Rocketdyne opened a new solid rocket motor factory in Camden, Arkansas, in 2022. Demand for solid rocket motors is expected to drive continued growth in the business through 2025 and beyond. (Aerojet Rocketdyne)
L3Harris had a strong 2024, Christopher Kubasik, chairman and CEO for L3Harris, said during an earnings call on 30 January, noting important programme wins, including the Next Generation Jammer and solid rocket motors for the Glide Phase Interceptor and Next Generation Interceptor. The latter, along with contracts to supply propulsion systems for the LGM-35 Sentinel intercontinental ballistic missile and the Zeus solid rocket motor developed with Kratos, solidifies L3Harris' position “as the global leader in large solid rocket motor design and manufacturing”, he claimed.
Other wins included a USD1 billion indefinite delivery/indefinite quantity (ID/IQ) contract from the US Navy for software-defined Link 16 terminals and a Defense Innovation Unit award for a prototype command-and-control system able to control thousands of autonomous assets, Kubasik said.
The company also completed the integration of the Aerojet Rocketdyne and Viasat's Tactical Data Link product line acquisitions while divesting its antenna products and Aerojet Ordnance Tennessee non-core businesses, he added.
Results
Fourth-quarter revenue was USD5.5 billion, an increase of 4% organically, with a segment operating margin of 15.3%, Ken Bedingfield, chief financial officer for L3Harris, said during the call. Free cash flow totalled more than USD1 billion, he noted.
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