L3Harris begins deliveries of VAMPIRE counter‑drone systems to U.S. Army
L3Harris Technologies started shipping VAMPIRE counter‑unmanned systems to the U.S. Army, fulfilling a contract worth $106 million. The company opened a dedicated production line in Huntsville, Alabama to support the order. Deutsche Bank reduced its price target for L3Harris to $241, down from $269, after the delivery announcement. The firm also completed the first flight test of its Red Wolf air‑launched vehicle from an MH‑60 helicopter.
Why it matters
Deutsche Bank’s lower target suggests a more cautious outlook for L3Harris earnings. The $106 million contract adds to the company’s revenue pipeline and may support future sales growth.
Key facts
- 1The U.S. Army placed a $106 million order for VAMPIRE counter‑drone systems. tradingview.com
- 2Initial deliveries were made within two months of the order. tradingview.com
- 3L3Harris opened a dedicated production facility in Huntsville, Alabama for the VAMPIRE systems. tradingview.com
- 4Deutsche Bank cut its price target for L3Harris to $241, down from $269. marketscreener.com
- 5L3Harris shares were $234.26, a decline of 1.67% on the day. marketscreener.com
- 6The company completed the first flight test of its Red Wolf air‑launched vehicle from an MH‑60 helicopter. seekingalpha.com
Summary written by AlphAI AI Desk from 6 of 6 sources. Not investment advice. Figures are as stated by the linked sources.