L3Harris Secures New U.S. Navy Contract
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 31 2026
0mins
Should l Buy LHX?
Source: Benzinga
- Contract Approval: L3Harris Technologies has secured a new U.S. Navy contract to support Marine Corps strike modernization efforts, focusing on Red WolfTM vehicles designed for long-range precision missions, indicating the company's ongoing expansion in the defense sector.
- Production Phase Advancement: The contract selection follows 52 flight tests conducted in various environments, demonstrating that L3Harris's systems are viewed as scalable and cost-effective solutions in military planning, aligning with modern warfare's demand for efficient weaponry.
- Optimistic Market Outlook: L3Harris expects adjusted earnings per share of $11.30 to $11.50 for fiscal 2026, falling short of the market's estimate of $12.46, yet the company raised its sales forecast to a range of $23.0 billion to $23.5 billion, reflecting strong market demand and growth potential.
- Segment Performance: The company anticipates approximately $11.5 billion in revenue from Space & Mission Systems, around $8.0 billion from Communication & Spectrum Dominance, and about $4.4 billion from Missiles Solutions, with an overall operating margin expected to be around 16%, showcasing its competitiveness in the defense industry.
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Analyst Views on LHX
Wall Street analysts forecast LHX stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for LHX is 253.50 USD with a low forecast of 212.00 USD and a high forecast of 280.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
11 Buy
3 Hold
0 Sell
Strong Buy
Current: 342.220
Low
212.00
Averages
253.50
High
280.00
Current: 342.220
Low
212.00
Averages
253.50
High
280.00
About LHX
L3Harris Technologies, Inc. provides end-to-end technology solutions connecting the space, air, land, sea and cyber domains in the interest of national security. Its segments include Space & Airborne Systems (SAS), Integrated Mission Systems (IMS), Communication Systems (CS), and Aerojet Rocketdyne (AR). The SAS segment supplies full mission solutions as a prime and subsystem integrator in the space, airborne and cyber domains. The IMS segment delivers differentiated mission capabilities and prime systems integration to support intelligence, reconnaissance and surveillance (ISR), passive sensing and targeting, electronic attack, autonomy, power and communications, networks and sensors. CS enables warfighters across all domains with solutions critical to mission success even in the contested environments. The AR segment provides propulsion, power and armament products and systems to the U.S. Government, including the DoD, NASA and various aerospace and defense prime contractors.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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