$LHX

L3Harris Technologies (LHX) stock rose 1% to $264.50 after Jefferies initiated coverage with a Hold rating and $315 price target, citing uncertainty over leadership changes and the IPO of its Missile Solutions unit. The stock has fallen 25% over six months but has a $42B backlog and raised 2026 revenue guidance to $23-23.5B. Defense peers had no major news.

Xpeng (XPEV), On Holding (ONON), and L3Harris (LHX) hit 52-week lows. XPEV's Q2 revenue rose 49.7% to $2.91B, but net loss widened to RMB 1.34B. Analysts cut XPEV's price targets. ONON fell on weak footwear demand. LHX declined amid spending concerns and leadership changes.

L3Harris (LHX) reported that Lauren N. Barnes, President of Space & Mission Systems, holds 2,045 shares, stock options for 3,316 shares, and RSUs for 808 shares. Options expire between 2034-2036 with exercise prices ranging from $206.11 to $355.16. RSUs vest between 2027-2029, subject to continued employment.

L3Harris Technologies (LHX) disclosed that officer Christopher T. Aebli holds 4,432 shares of common stock, multiple stock options with exercise prices ranging from $181.91 to $355.16, and restricted stock units over 350, 425, and 282 shares. The options and units are subject to continued employment and vesting terms.

L3Harris Technologies (LHX) reported Q2 FY2026 revenue of $5.88B, up 8.4%, and EPS of $3.13, up 28.3%. Despite growth, shares fell 2.5% post-earnings. Analysts project 10.7% EPS growth for FY2026. The stock has underperformed the S&P 500 and ITA ETF over the past year. Deutsche Bank lowered its price target to $268, maintaining a 'Hold' rating. The mean price target is $366.78, implying 37.5% upside.

RTX and L3Harris (LHX) are benefiting from rising defense budgets and demand for advanced military tech. RTX has a diversified portfolio, including commercial aerospace and defense, and recently secured significant contracts. L3Harris focuses on defense electronics and space tech, with recent wins in electronic warfare and undersea systems. RTX's 2026 sales and EPS are expected to grow 8.4% and 14.8%, respectively, while LHX's are projected to rise 8.2% and 9.4%. RTX's stock has outperformed LHX

Andrew Sather, co-host of The Investing for Beginners Podcast, avoids SpaceX's IPO due to uncertainty and potential insider selling. He prefers profitable space companies: Northrop Grumman (NOC), Lockheed Martin (LMT), and L3Harris (LHX). NOC reported Q2 2026 Space Systems revenue of $2.753B, up 4% YOY. LMT reported Q2 Space revenue of $3.496B, up 6% YOY. LHX reported Space & Mission Systems revenue of $3B, up 7% YOY.

L3Harris Technologies (LHX) reaffirmed its 2026 guidance, maintaining targets for revenue, growth, margins, EPS, and free cash flow. The company named Mehta as CEO and promoted Barnes and Aebli to leadership roles. Analysts suggest the leadership changes are unlikely to impact core operations.

L3Harris Technologies Integrated Systems L.P. received a $232M payment from the Department of the Air Force on May 19, 2026, according to USASpending.gov. The company has received $6.35B in government contracts over the past year. Additionally, there have been recent trades of LHX stock by members of Congress and insiders, as well as significant hedge fund activity.

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