$LHX

Simply Wall St reports L3Harris Technologies (LHX) signed two long-term framework agreements with the U.S. Department of War and Lockheed Martin to expand propulsion production for PAC-3 MSE and THAAD missile defense systems. The article cites LHX closing at $286.12 and a consensus fair value/price target of $374, with analyst targets ranging from $285 to $443.

China’s Ministry of Commerce added 10 US firms to an export control list on June 22, restricting access to Chinese-made dual-use items tied to drones, robotic hardware, and swarm software. The action targets companies including Red Cat Holdings (and Teal Drones) and L3Harris, and follows a December 2025 FCC ban on imports from DJI and Autel. Restrictions take effect Aug. 5, 2026.

The U.S. Space Force awarded $615 million across three contracts to develop space-based airborne moving target indicator (AMTI) capabilities, citing supplier diversification and different sensing technologies. Rocket Lab and STR were named, and a third contractor was undisclosed for operational security. The awards follow a May $4.16 billion SpaceX contract for an initial AMTI constellation by 2028.

The article highlights L3Harris (LHX), Cenovus Energy (CVE), and Sanofi (SNY). L3Harris reported 9.3% Y/Y revenue growth to $5.9B and forecasts FY2026 revenue of $23.58B, with a 1.2x book-to-bill. Cenovus revenue rose 41.5% Y/Y to C$17.4B, forecasting 2026 upstream production of 970-1,010 MBOE/d. Sanofi posted Q2 revenue up 16.1% Y/Y and pharma sales up 48.3% to EUR 1.3B.

AE Industrial Partners completed its $845 million acquisition of L3Harris Technologies’ space propulsion, power, and electronics units on Aug. 4, 2026, relaunching Rocketdyne as a standalone company with 60% control. L3Harris keeps 40% and retains missile propulsion, solid rocket motors, and RS-25 engines. Rocketdyne’s portfolio includes the RL10 upper-stage engine and related systems; L3Harris plans a Missile Solutions IPO for mid-2027.

Defense contractors told investors they expect sustained Pentagon weapons demand despite uncertainty over FY27 reconciliation funding. The Pentagon’s request totals $1.15T base plus $350B reconciliation. RTX CEO Chris Calio cited bipartisan support for munitions and noted framework deals not in backlog. Lockheed flagged shifting priorities. General Dynamics, Northrop, and L3Harris said base funding supports growth.

L3Harris Technologies said it successfully deployed its first perimeter truss reflector on ViaSat-3 Flight 3. SpaceX launched the satellite in late April, the third in Viasat’s trio of GEO high-capacity satellites, planned for an Asia-Pacific position. L3Harris builds deployable mesh reflector apertures for UHF-Band to Ka-Band.

Leidos says it was selected by Sierra Space to supply infrared sensing payloads and operational support for 18 AMDT3 Tracking Layer satellites under the US Space Development Agency’s Golden Dome missile defense program. Leidos will integrate flight-proven sensors with onboard digital signal processing and provide sustainment. SDA awarded about $1.75bn for 36 AMDT3 satellites to L3Harris and Sierra Space.

The US Space Force, via Space Systems Command, selected 15 companies for a $981 million IDIQ contract vehicle (NITE-STAR) to develop next-generation space test and training capabilities. The contract spans two five-year ordering periods and aims to speed technology development for contested space operations. Selected firms include BAE Systems, CACI, L3Harris, Lockheed Martin, Northrop Grumman, Boeing, and Rocket Lab.

The U.S. Defense Department announced July 27 two seven-year agreements to expand propulsion capacity for Patriot and THAAD interceptors, involving L3Harris Technologies and Lockheed Martin. The article says the shortage benefits RTX as well. It cites Lockheed’s $230B backlog and Q2 revenue $20.1B, L3Harris Q2 revenue $5.9B, and RTX record $289B backlog.