L3Harris is raising its full-year outlook after posting a record backlog

What happened: L3Harris raised its full-year outlook after reporting a record backlog, with third-quarter orders of $19.3 billion and revenue up 7%. Key numbers: Orders $19.3 billion. Backlog $53.2 billion, a record. Q3 revenue up 7%. Why it matters: The record backlog and higher revenue supported the company's decision to lift its full-year guidance. Coverage: 3 outlets in 24h

L3Harris raised its full-year outlook after reporting a record backlog, with third-quarter orders of $19.3 billion and revenue up 7%.

The record backlog and higher revenue supported the company's decision to lift its full-year guidance.