L3Harris Secures $614M US Special Operations Command Contract
LHX sits 17% above its 52-week low of $245.12.
Summary
L3Harris Technologies secured a $614 million contract from the US Special Operations Command to provide Integrated Radio Frequency Countermeasures services, with $40 million obligated immediately. This substantial award strengthens the company's defense backlog and revenue outlook. It follows a period of strong Q1 financial results and strategic investments in manufacturing facilities, underscoring L3Harris's continued growth in critical defense technologies.
At the time of this announcement, LHX was trading at $286.10 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $53.9B. The 52-week trading range was $245.12 to $379.23. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.