L3Harris Secures $250 Million Lockheed Martin Contract to Make Rocket Propulsion Units

Lockheed Martin (LMT) is expanding its missile defense portfolio, focusing on upgrades and new interceptors like PAC-3 MSE, THAAD, and PAC-3 ACE. Recent tests and contracts, including a $53.86B government deal, aim to boost production and integration. The company is also developing PAC-3 Edge and QuadStar for future defense needs, citing increased demand from U.S. and allied forces.

L3Harris Technologies (LHX) secured a $250 million contract from Lockheed Martin (LMT) to produce GMLRS rocket motors. The order, the largest in program history, will be fulfilled at LHX's new Arkansas facility. LHX shares rose 0.42% to $237.97 on the NYSE.

L3Harris Technologies (LHX) won a $250M contract from Lockheed Martin to produce rocket propulsion units at its new Arkansas facility. The company offers a 2.17% dividend yield, a 47% payout ratio, and a GF Value of $268.06, suggesting an 11.4% undervaluation. LHX's GF Score is 84, indicating strong financial health but moderate financial strength and low momentum.

L3Harris Technologies received a $250 million contract from Lockheed Martin to produce rocket propulsion units. The work will be done at a new facility in Camden, Arkansas, set to open later this year, featuring advanced automation.

L3Harris (LHX) won a $250M contract from Lockheed Martin (LMT) to produce GMLRS propulsion units. The work will be done at a new Arkansas facility, which is set to open later in 2026. L3Harris claims it has doubled GMLRS output in recent years, leveraging advanced manufacturing techniques.

L3Harris Technologies (NYSE:LHX) secured a $250M contract from Lockheed Martin for GMLRS propulsion units, the largest in the program's history. Production will occur at a new Arkansas facility. The company has increased output through advanced manufacturing. L3Harris supplies these units to the U.S. and allies.