L3Harris Wins $955M Space Force Contract for 18 Golden Dome Satellites
LHX is trading near its 52-week low of $257.35 (12% above the low).
Summary
L3Harris secured a $955 million contract from the Space Development Agency to build 18 satellites for the Golden Dome missile defense shield. This adds to at least 70 missile-tracking and defense satellites ordered from the U.S., with five already in orbit. The award follows a series of defense wins, including a $614 million SOCOM radio contract in late June, and aligns with the company's expanded satellite manufacturing capacity. Production begins immediately, reinforcing L3Harris's position in the growing space defense market.
At the time of this announcement, LHX was trading at $288.00 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $53.8B. The 52-week trading range was $257.35 to $379.23. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.