Latest news with #LHX
Yahoo
4 days ago
- Business
- Yahoo
L3Harris Technologies price target raised to $270 from $240 at TD Cowen
TD Cowen analyst Gautam Khanna raised the firm's price target on L3Harris Technologies (LHX) to $270 from $240 and keeps a Buy rating on the shares. The firm updated its model as the company's 2026 targets seem more plausible than before as order momentum has shown improvement. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today's best-performing stocks on TipRanks >> Read More on LHX: Disclaimer & DisclosureReport an Issue L3Harris pays U.S. $62M to settle False Claims Act allegations L3Harris breaks ground on construction of five solid rocket motor facilities Trump Trade: White House announces 'Golden Dome' missile-defense shield Truist says Golden Dome concept selected, Lockheed Martin called out by name L3Harris could rally on Golden Dome briefing, says JPMorgan
Yahoo
28-05-2025
- Business
- Yahoo
L3Harris Technologies, Inc. (LHX) to Support Canada's National Security with Advanced ISR Imaging Technology
On Monday, L3Harris Technologies, Inc. (NYSE:LHX) announced it was awarded a contract by the Canadian Commercial Corporation for 16 WESCAM MX-20 surveillance and targeting systems for the Royal Canadian Air Force's P-8A aircraft. The systems will help conduct critical maritime and overland patrol and reconnaissance missions. A military jetfighter against a deep blue sky with the sun behind it. Tom Kirkland, Vice President and General Manager, Targeting and Sensor Systems, at L3Harris Technologies, Inc. (NYSE:LHX) stated the following on the agreement: 'Integrating our proven technology with the P-8A equips Canada with the most advanced ISR imaging solution. Maritime and national security, including missions in the Arctic, require extremely reliable systems like the WESCAM MX-20 to enhance critical security coast-to-coast.' The latest contract builds on L3Harris Technologies, Inc. (NYSE:LHX)'s announcement last year to supply 11 WESCAM MX-20 systems for Canada's fleet of MQ-9B SkyGuardian, a remotely piloted aircraft. The company has delivered approximately 8,000 WESCAM MX-Series EO/IR systems to customers worldwide. These systems are active in more than 87 countries, supporting air, land, and sea missions on over 260 different platforms. L3Harris Technologies, Inc. (NYSE:LHX) is a vital player in the aerospace and defense industry, specializing in end-to-end technology solutions connecting the air, space, land, and sea domains in national security. The company is currently being tapped for America's $175B Golden Dome System project. You can read more on this here. While we acknowledge the potential of LHX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than LHX and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: ChatGPT Stock Advice: Top 12 Stock Recommendations and 10 Cheap Rising Stocks to Buy Right Now. Disclosure: None.
Yahoo
22-05-2025
- Business
- Yahoo
L3Harris Gets $255 Price Target From JPMorgan After Golden Dome Recognition
On May 21, JPMorgan reaffirmed its Overweight rating and $255 price target for L3Harris Technologies Inc. (NYSE:LHX), following a government briefing that noted the defense contractor's participation in a major defense program known as Golden Dome. The Golden Dome, which covers a range of defense-related systems, is poised to allocate a substantial amount of funding to several contractors. Major industry participants, such as Lockheed Martin, are anticipated to make significant contributions to the program's development, despite L3Harris having already established a role in certain aspects of it. The program, which President Trump initially ordered in January, aims to develop a network of potentially hundreds of satellites to track, detect, and intercept incoming missiles. At the program briefing, which was attended by Senator Jim Banks of Indiana, L3Harris Technologies Inc. (NYSE:LHX) received recognition for its contributions, particularly through its space systems facility in Fort Wayne, Indiana. The company has invested $150 million to build out the facility, which has better positioned it as a major player in national security manufacturing and increased its ability to secure contracts linked to crucial defense programs. While we acknowledge the potential of LHX to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than LHX and that has 100x upside potential, check out our report about the cheapest AI stock. Read More: and Disclosure: None. Sign in to access your portfolio
Yahoo
22-05-2025
- Business
- Yahoo
L3Harris Gets $255 Price Target From JPMorgan After Golden Dome Recognition
On May 21, JPMorgan reaffirmed its Overweight rating and $255 price target for L3Harris Technologies Inc. (NYSE:LHX), following a government briefing that noted the defense contractor's participation in a major defense program known as Golden Dome. The Golden Dome, which covers a range of defense-related systems, is poised to allocate a substantial amount of funding to several contractors. Major industry participants, such as Lockheed Martin, are anticipated to make significant contributions to the program's development, despite L3Harris having already established a role in certain aspects of it. The program, which President Trump initially ordered in January, aims to develop a network of potentially hundreds of satellites to track, detect, and intercept incoming missiles. At the program briefing, which was attended by Senator Jim Banks of Indiana, L3Harris Technologies Inc. (NYSE:LHX) received recognition for its contributions, particularly through its space systems facility in Fort Wayne, Indiana. The company has invested $150 million to build out the facility, which has better positioned it as a major player in national security manufacturing and increased its ability to secure contracts linked to crucial defense programs. While we acknowledge the potential of LHX to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than LHX and that has 100x upside potential, check out our report about the cheapest AI stock. Read More: and Disclosure: None. Sign in to access your portfolio
Yahoo
21-05-2025
- Business
- Yahoo
Why L3Harris Stock Inched Higher on Wednesday
President Trump called for building a $175 billion Golden Dome missile defense system Tuesday. L3Harris was specifically named as one likely participant in the program. Investors rushed to buy L3Harris stock at the market open Wednesday. 10 stocks we like better than L3Harris Technologies › Defense stock L3Harris Technologies (NYSE: LHX) is getting some positive attention on Wall Street today, after President Trump announced plans yesterday to spend $175 billion to build a Golden Dome missile shield over the United States. Shares of the defense contractor surged nearly 5% at the open, and remain up 1.3% as of 10:15 a.m. ET. "Once fully constructed, the Golden Dome will be capable of intercepting missiles even if they are launched from other sides of the world," promised the president, while predicting the missile defense system will be operational within three years, and within his current term of office. "We have officially selected an architecture for this state-of-the-art system," added the president, and allocated $25 billion to begin construction within the new "Big, Beautiful Bill" -- the president's budget proposal for fiscal year 2026. Commenting on Trump's announcement, J.P. Morgan analyst Seth Seifman observed that "LHX got a shout-out" at the press conference, although "many [other] contractors [will also] participate" in it. Northrop Grumman, Lockheed Martin, Palantir, and RTX Corp were all named as potential beneficiaries of Golden Dome, along with private space and defense companies SpaceX and Anduril. The analyst noted that L3Harris recently completed a $125 million expansion of its satellite manufacturing facility in Fort Wayne, Indiana, and has been a repeat winner of contracts to build tracking layer satellites for the Space Force's Proliferated Warfighter Space Architecture missile detection and tracking system, which is presumed to be part of Golden Dome. "Another avenue for LHX to participate is with rocket motors for interceptors," added J.P., giving L3Harris yet another route to profit under Trump's Golden Dome. Before you buy stock in L3Harris Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and L3Harris Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $642,582!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $829,879!* Now, it's worth noting Stock Advisor's total average return is 975% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Rich Smith has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends L3Harris Technologies and Palantir Technologies. The Motley Fool recommends Lockheed Martin and RTX. The Motley Fool has a disclosure policy. Why L3Harris Stock Inched Higher on Wednesday was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
