L3Harris Wins $876M Navy Contract for Next-Gen Jammer
LHX is trading near its 52-week low of $239 (0.4% above the low).
Summary
L3Harris secured an $876 million Navy contract to advance its next-generation jammer program, covering tooling, equipment, demonstration test pods, cybersecurity, and software support for the Navy and Royal Australian Air Force, with completion expected in fiscal 2031. This is a material award for the company, adding to a string of recent defense wins including a $4.7B propulsion contract and a $955M satellite deal. The contract reinforces L3Harris's position in electronic warfare and provides revenue visibility. The stock is trading near its 52-week low, so this positive news could provide support. Watch for further details on the contract's scope and timing.
Updated with a Dow Jones Newswires report · What changed
Updates
· Dow Jones Newswires — The modification covers tooling, equipment, demonstration test pods, cybersecurity, and software support for the Navy and Royal Australian Air Force, with completion expected in fiscal 2031.
At the time of this announcement, LHX was trading at $240.05 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $44.5B. The 52-week trading range was $239.00 to $379.23. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Seeking Alpha.