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L3Harris Technologies, Inc.

LHX · NYSE

Market closed$282.01$-2.42 (-0.85%)After hours $282.50 · +0.17%

Key statistics

Previous close$284.43
Open$286.61
Day high$290.20
Day low$281.56
52-week high$379.23
52-week low$260.22
Market cap52.54B
Volume892.36K
Average volume1.40M
P/E ratio25.50
Forward P/E15.17
EPS11.06
Dividend yield+1.74%

Market context

Why it moved

LHX declined modestly as institutional selling pressure from major holders like California Public Employees Retirement System and HSBC weighed on the stock, overshadowing the company's strong recent earnings beat and a notable U.S. Space Force satellite contract win.

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What is happening

Recent company-specific developments and publisher coverage.

July 18, 2026L3Harris Technologies edged lower amid a broader risk-off session, as investors rotated away from defense names following escalating U.S.-Iran military exchanges and a tech-driven market selloff. Despite the day's weakness, the investment case for L3Harris remains compelling: the company posted a strong Q1 beat ($2.72 EPS vs. $2.53 expected, revenue up 11.9% YoY to $5.74B) and raised FY2026 EPS guidance to $11.40–$11.60, while its planned Axyv missile division IPO and a $1B DoD preferred equity investment have drawn renewed analyst attention. Morgan Stanley maintained a bullish sector outlook ahead of Q2 earnings, and consensus analyst sentiment sits at "Moderate Buy" with an average price target of $354.75—roughly 26% above current levels.

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July 17, 2026L3Harris Technologies closed modestly lower, underperforming the broader industrials sector, as tech-driven market weakness weighed on equities broadly. Investors continue to monitor the company's strategic positioning around its planned Axyv missile division spinout and a U.S. Space Force contract awarded last week to build 18 missile-tracking satellites for the Golden Dome program. Despite a record $40.7B backlog and strong Q1 results ($2.72 EPS, $5.74B revenue), the stock trades well below its 52-week high of $379.23, with analysts maintaining a "Moderate Buy" consensus and an average price target of $354.75, implying significant upside. Morgan Stanley's bullish aerospace and defense sector outlook, citing a potential ~$1.1T FY2027 defense budget, provides a constructive backdrop ahead of Q2 earnings.

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July 16, 2026L3Harris Technologies closed modestly lower despite a landmark contract win, as the U.S. Space Force awarded the company roughly $955 million to build 18 missile-tracking satellites for the Golden Dome program — part of a broader $1.75 billion SDA award alongside Sierra Space. The pullback, in line with broader defense sector softness (RTX also fell ~1.5%), may reflect investor caution ahead of Q2 earnings season and sector-wide valuation reassessment, even as Morgan Stanley remains constructive on defense and analysts maintain a consensus 'Moderate Buy' with an average price target of $354.75 — well above current levels.

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July 15, 2026L3Harris Technologies edged higher, closing modestly up as a significant U.S. Space Force contract award captured investor attention. The company secured a deal to produce 18 Accelerated Missile Defense Tranche 3 (AMDT3) satellites supporting the Golden Dome initiative, adding to a backlog of over 70 missile tracking and defense satellites on order. The win reinforces L3Harris's positioning as a key beneficiary of elevated defense spending, building on strong Q1 results — EPS of $2.72 beat estimates of $2.53 on revenue of $5.74B (+11.9% YoY) — and a record $40.7B backlog, with analysts maintaining a consensus Moderate Buy and average price target of $354.75, well above current levels. Shares also gained in after-hours trading (+1.28%), potentially reflecting continued enthusiasm around the satellite contract.

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July 14, 2026L3Harris Technologies edged lower Monday, closing down modestly as broader market weakness from renewed U.S.-Iran hostilities weighed on equities — despite a major after-hours catalyst. The company announced a U.S. Space Force contract to produce 18 Accelerated Missile Defense Tranche 3 satellites supporting the Golden Dome initiative, adding to its portfolio of over 70 missile tracking satellites on order. The contract win underscores L3Harris's strategic positioning in space-based defense, following a strong Q1 beat (EPS $2.72 vs. $2.53 est., revenue up 11.9% YoY) and raised FY2026 guidance. Shares rebounded in after-hours trading, gaining 0.82%, while analysts maintain a Moderate Buy consensus with a $354.75 average price target.

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July 11, 2026L3Harris Technologies closed modestly higher, edging up as defense sector tailwinds and a reported ~$500 million missile defense follow-on contract bolstered investor sentiment. The contract win aligns with the company's strategic push into missile and space capabilities, highlighted by its planned Axyv missile division spinout backed by a $1 billion DoD preferred equity investment. Despite trading well below its 52-week high of $379.23 and a consensus analyst target of $354.75, Morningstar recently flagged defense contractors like L3Harris as back in value territory after overcorrecting from earlier highs, with Q1 results showing $5.74B revenue and a record $40.7B backlog.

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July 10, 2026L3Harris Technologies closed modestly lower despite announcing $84 million in new U.S. Army orders for Next Generation Command and Control (NGC2) manpack Falcon communication systems — its second NGC2 award following an initial $24 million contract in October. The pullback came amid broader market pressure from escalating U.S.-Iran military exchanges threatening the Strait of Hormuz ceasefire, which weighed on equity sentiment even as defense stocks broadly benefited from the geopolitical backdrop. Investors are also watching the company's Q2 2026 earnings call scheduled for July 29, with Wall Street maintaining a Moderate Buy consensus and a $354.75 average price target well above current levels.

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July 9, 2026L3Harris Technologies edged lower alongside a broader market risk-off session, as President Trump declared the U.S.-Iran ceasefire 'over,' sparking a surge in oil prices and weighing on equities broadly. Despite the macro headwinds, L3Harris remains well-positioned as a defense beneficiary of escalating Middle East tensions, with a record $40.7B backlog, strong Q1 beats ($2.72 EPS, $5.74B revenue), and a planned Q2 earnings call on July 29 drawing investor attention — all while analysts maintain a Moderate Buy consensus with a $354.75 average price target.

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Defence Industry Europe · July 18, 2026L3Harris positions missionized business jets as lower-cost path for ISR, AEW&C and electronic attack fleets in global marketSimply Wall Street · July 18, 2026L3Harris (LHX) Stock Could Be A Bargain On Cash Flow Despite Strong ReturnsSimply Wall Street · July 17, 2026L3Harris (LHX) Wins Space Force Deal To Build 18 Missile Defense SatellitesShield AI · July 16, 2026L3Harris and Shield AI complete autonomous electronic warfare flight testBusiness Wire · July 6, 2026L3Harris Sets Date for Second Quarter 2026 Earnings ReleaseGuruFocus · June 19, 2026L3Harris Technologies (LHX) Secures $106 Million Army Contract fInvestor's Business Daily · January 13, 2026L3Harris Lands $1 Billion DOD Investment, Plans Missile IPO
Benzinga · July 15, 2026Trump’s Golden Dome Push Gets $1.75 Billion Boost, Space Force Orders 36 Missile-Tracking Satellites From Sierra Space and L3Harris
Benzinga · July 14, 2026Congressman Buys Defense Stock While Serving on Armed Services Committee: What Investors Should Know
Mt Newswire · July 13, 2026L3Harris Gets US Space Force Contract for Missile Defense Satellites
Benzinga · July 13, 2026L3Harris Technologies Receives A Contract From The U.S. Space Force’s Space Development Agency To Produce 18 Accelerated Missile Defense Tranche 3 Satellites To Support The Golden Dome For America’s Space-based Capabilities; Size Not Disclosed
Mt Newswire · July 9, 2026L3Harris Technologies Gets $84 Million US Army Communications Systems Orders
Benzinga · July 9, 2026L3Harris Technologies Bags Orders Totaling $84M In Support Of US Army For Next Generation Command And Control Manpack Falcon Systems
Mt Newswire · July 7, 2026Deutsche Bank Adjusts Price Target on L3Harris Technologies to $285 From $300
Mt Newswire · July 6, 2026L3Harris Awarded Up to $499.6 Million Missile Defense Agency Contract

Peers

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