L3Harris Inks Multi-Year Deal to Boost Tomahawk Missile Production
LHX is trading near its 52-week low of $244.76 (1.3% above the low) on light trading volume (0.3× avg).
Summary
L3Harris signed a multi-year agreement with the Naval Air Warfare Center to increase Tomahawk missile production. The deal adds to a string of recent defense wins, including a $4.7B propulsion contract from Lockheed Martin and a $955M satellite award. It reinforces the company's position in missile systems and supports the growing backlog. No financial terms were disclosed, but the agreement signals sustained demand for precision munitions.
At the time of this announcement, LHX was trading at $247.82 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $46.1B. The 52-week trading range was $244.76 to $379.23. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.