$LHX

L3Harris Technologies' (LHX) fair value estimate was reduced by 2% to $335.33 by analysts. Revenue growth remains at 6.86%, while net profit margin slightly decreased to 11.17%. The future P/E ratio adjusted to 25.15x, and the discount rate increased to 8.47%. The company's backlog, missile capacity, and space pipeline are key growth drivers, but risks include reliance on prime contractors and U.S. budget constraints.

The U.S. Army selected 30 finalists for its xTech|Apex Intercept contest, seeking affordable interceptors for the Patriot air defense system. Finalists include RTX, Northrop Grumman, and others, each receiving $25,000. Winners may receive up to $1 million and potential contracts. The Army aims to add cheaper effectors to the Patriot system.

L3Harris has been awarded a contract under Australia's LAND 4111 program to provide C4I solutions for Bushmaster vehicles. The company will design, integrate, and install communication systems over three years. This reinforces L3Harris' commitment to the Australian Defence Force.

L3Harris Technologies (LHX) announced it will release Q3 2026 earnings on Oct. 29, 2026, before market open, followed by a call at 10:30 a.m. ET. The company provides defense technology solutions.

Camden, Arkansas, is a small town housing major defense contractors like Lockheed Martin, L3Harris, Raytheon, and General Dynamics. These companies are under pressure to rapidly increase missile production to replenish US stockpiles depleted by conflicts. The town faces challenges like housing shortages and a shrinking population, which strain the workforce. Defense Secretary Pete Hegseth visited Camden, highlighting its role in national defense.

L3Harris Technologies (LHX) secured a $6b contract from Lockheed Martin for THAAD propulsion production. Despite a 22.3% YTD share price decline, analysts estimate a fair value of $342.36, suggesting undervaluation. Growth prospects are tied to U.S. defense budget increases and missile/space programs, but risks include budget constraints and supply chain issues.

U.S. defense stocks gained attention as Boeing (BA) won fighter-jet contracts, RTX (RTX) and L3Harris (LHX) secured missile deals, and Ondas (ONDS) expanded its counter-drone portfolio. Defense Secretary Pete Hegseth announced an Autonomous Warfare Command to advance AI and drone tech. BA secured a $2.38B F-15EX contract and a $20B F/A-XX development program. RTX won a $20.7B AMRAAM missile contract, while LHX received a $6B THAAD propulsion deal.

L3Harris Technologies director David S. Regnery received 157.3 phantom stock units on October 1, 2026, under the 2019 Non-Employee Director Compensation Plan. These units will be settled in L3Harris common stock upon his separation from service. The units were valued at approximately $38,000 based on the stock's price of $238.40.

L3Harris Technologies (LHX) reports that Kenneth L. Bedingfield, President of Missile Solutions, acquired 26.94 phantom stock units on October 1, 2026. These units are economically equivalent to common shares and will be settled in cash upon retirement or other events. Bedingfield's total position is now 381.18 units, including 1.86 units from dividend credits.

Three U.S. defense contractors—L3Harris (LHX), Northrop Grumman (NOC), and Huntington Ingalls (HII)—are trading below their 52-week highs despite strong earnings and guidance. L3Harris reported $3.13 EPS, up 8.4% in revenue, and $771M in free cash flow. Northrop Grumman had $7.68 EPS, a record $104.69B backlog, and 53.5% higher free cash flow. Huntington Ingalls posted $5.27 EPS, 10.9% revenue growth, and a $57.3B backlog. Each faces specific challenges but shows potential for recovery.