Airbus and L3Harris Secure $1.1 Billion Contracts for Canadian Fleet Support - Bloomberg News
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5 hours ago
0mins
Should l Buy LHX?
Source: moomoo
Airbus and L3 Harris Partnership: Airbus has entered into a significant partnership with L3 Harris to support Canada's fleet operations.
Financial Deal: The collaboration is valued at $1.1 billion, indicating a substantial investment in enhancing fleet capabilities for Canada.
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Analyst Views on LHX
Wall Street analysts forecast LHX stock price to fall
14 Analyst Rating
11 Buy
3 Hold
0 Sell
Strong Buy
Current: 343.000
Low
212.00
Averages
253.50
High
280.00
Current: 343.000
Low
212.00
Averages
253.50
High
280.00
About LHX
L3Harris Technologies, Inc. provides end-to-end technology solutions connecting the space, air, land, sea and cyber domains in the interest of national security. Its segments include Space & Airborne Systems (SAS), Integrated Mission Systems (IMS), Communication Systems (CS), and Aerojet Rocketdyne (AR). The SAS segment supplies full mission solutions as a prime and subsystem integrator in the space, airborne and cyber domains. The IMS segment delivers differentiated mission capabilities and prime systems integration to support intelligence, reconnaissance and surveillance (ISR), passive sensing and targeting, electronic attack, autonomy, power and communications, networks and sensors. CS enables warfighters across all domains with solutions critical to mission success even in the contested environments. The AR segment provides propulsion, power and armament products and systems to the U.S. Government, including the DoD, NASA and various aerospace and defense prime contractors.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Canada Awards $1.5 Billion Contracts to L3Harris and Airbus for Defense Support
- Significant Contract Value: The Canadian government has awarded approximately $1.5 billion in long-term support contracts to L3Harris and Airbus, aimed at enhancing national defense capabilities and ensuring maintenance and technical support for the new CC-330 Husky fleet.
- L3Harris Contract Details: L3Harris secured two contracts worth around $1.1 billion to provide maintenance services, ensuring the new fleet operates efficiently during strategic missions such as refueling, transport, and medical evacuation.
- Airbus Support Agreement: Airbus will receive $374 million for engineering and airworthiness support, ensuring that the nine newly ordered Husky aircraft can effectively replace the aging CC-150 Polaris planes, with the first delivery scheduled for 2027.
- Job Creation Impact: The support program is expected to sustain or create about 720 jobs across Ontario, Quebec, and Alberta, reflecting the Canadian government's strategic decision to address emerging threats and protect national interests.
See More
PUBLIC SERVICES AND PROCUREMENT CANADA: DIA AWARDED TWO CONTRACTS TO L3HARRIS AND A THIRD CONTRACT TO AIRBUS FOR SUPPORT OF THE CC-330 HUSKY FLEET
Contracts Awarded: Public Services and Procurement Canada has awarded two contracts to L3 Harris for unspecified services.
Airbus Contract: A third contract has been awarded to Airbus for support related to the CC-330 Husky fleet.
See More
Airbus and L3Harris Secure $1.1 Billion Contracts for Canadian Fleet Support - Bloomberg News
Airbus and L3 Harris Partnership: Airbus has entered into a significant partnership with L3 Harris to support Canada's fleet operations.
Financial Deal: The collaboration is valued at $1.1 billion, indicating a substantial investment in enhancing fleet capabilities for Canada.
See More
Iran War Drives Transformation in Defense Technology
- Cost-Effectiveness Demand: Defense Secretary's warning against using $2 million missiles to shoot down $20,000 drones highlights the urgent need for defense tech companies to accelerate the development of low-cost drones to meet modern warfare demands.
- Market Opportunities: The U.S. Department of Defense consumed $5.6 billion in munitions within two days of the Iran war outbreak, indicating a pressing need for new drone and counter-drone technologies, which is rapidly boosting valuations and market shares of related startups.
- Accelerated Technological Innovation: The U.S. has introduced the Low-cost Uncrewed Combat Attack System (LUCAS), priced at approximately $35,000, which is becoming a key technology in countering Iranian drone threats and is expected to attract more defense budget allocations.
- Intensified Industry Competition: Although spending in the defense tech sector accounted for less than 1% of contract dollars in 2025, startups like Anduril and Palantir have secured multi-billion dollar contracts, reflecting strong market demand for high-tech solutions.
See More
Zelensky's Surprise Visit to Saudi Arabia for Support
- Military Cooperation Talks: Ukrainian President Zelensky met with Saudi Crown Prince Mohammed bin Salman to discuss escalating military tensions in the Middle East and the war in Ukraine, aiming to enhance cooperation with Gulf nations by offering air defense and drone technology.
- Expert Deployment: Over 200 Ukrainian experts have been dispatched to the Middle East to assist countries in intercepting Iranian attacks that have damaged energy infrastructure, highlighting Ukraine's proactive role in international security cooperation.
- U.S. Resource Reallocation: As the U.S. considers redirecting military resources originally intended for Ukraine to the Middle East, Zelensky's visit aims to secure Gulf nations' support for Ukraine in its ongoing battle against Russian aggression.
- European Aid Uncertainty: The critical €90 billion ($104 billion) EU loan package for Ukraine is now in jeopardy due to Hungary's veto, further intensifying Ukraine's military and economic pressures.
See More
L3Harris Secures U.S. Navy Contract for Submarine Drone System
- Contract Award: L3Harris Technologies has been awarded a contract by the U.S. Defense Innovation Unit to deliver a Torpedo Tube Launch and Recovery system, which allows submarines to deploy and recover autonomous underwater vehicles through standard torpedo tubes, marking a significant expansion in defense technology.
- System Capabilities: The system is designed to operate with the Iver4 900 autonomous underwater vehicles and has been tested by U.S. and allied naval forces for missions including intelligence collection, surveillance, reconnaissance, mine detection, and seabed operations, enhancing the operational capabilities of submarines.
- Operational Advantages: This system enables submarines to conduct missions without surfacing, thereby reducing operational exposure, while incorporating lithium-ion battery technology that supports longer mission durations and battery swaps, ensuring continuous operational capability.
- Multi-Platform Compatibility: L3Harris's system is designed to work across multiple submarine classes and with allied platforms, aligning with cooperation initiatives among Australia, the United Kingdom, and the United States focused on advanced defense technologies, further promoting the integration of manned and unmanned systems in naval operations.
See More
Canada Awards $1.5 Billion Contracts to L3Harris and Airbus for Defense Support
- Significant Contract Value: The Canadian government has awarded approximately $1.5 billion in long-term support contracts to L3Harris and Airbus, aimed at enhancing national defense capabilities and ensuring maintenance and technical support for the new CC-330 Husky fleet.
- L3Harris Contract Details: L3Harris secured two contracts worth around $1.1 billion to provide maintenance services, ensuring the new fleet operates efficiently during strategic missions such as refueling, transport, and medical evacuation.
- Airbus Support Agreement: Airbus will receive $374 million for engineering and airworthiness support, ensuring that the nine newly ordered Husky aircraft can effectively replace the aging CC-150 Polaris planes, with the first delivery scheduled for 2027.
- Job Creation Impact: The support program is expected to sustain or create about 720 jobs across Ontario, Quebec, and Alberta, reflecting the Canadian government's strategic decision to address emerging threats and protect national interests.
See More
PUBLIC SERVICES AND PROCUREMENT CANADA: DIA AWARDED TWO CONTRACTS TO L3HARRIS AND A THIRD CONTRACT TO AIRBUS FOR SUPPORT OF THE CC-330 HUSKY FLEET
Contracts Awarded: Public Services and Procurement Canada has awarded two contracts to L3 Harris for unspecified services.
Airbus Contract: A third contract has been awarded to Airbus for support related to the CC-330 Husky fleet.
See More
Airbus and L3Harris Secure $1.1 Billion Contracts for Canadian Fleet Support - Bloomberg News
Airbus and L3 Harris Partnership: Airbus has entered into a significant partnership with L3 Harris to support Canada's fleet operations.
Financial Deal: The collaboration is valued at $1.1 billion, indicating a substantial investment in enhancing fleet capabilities for Canada.
See More
Iran War Drives Transformation in Defense Technology
- Cost-Effectiveness Demand: Defense Secretary's warning against using $2 million missiles to shoot down $20,000 drones highlights the urgent need for defense tech companies to accelerate the development of low-cost drones to meet modern warfare demands.
- Market Opportunities: The U.S. Department of Defense consumed $5.6 billion in munitions within two days of the Iran war outbreak, indicating a pressing need for new drone and counter-drone technologies, which is rapidly boosting valuations and market shares of related startups.
- Accelerated Technological Innovation: The U.S. has introduced the Low-cost Uncrewed Combat Attack System (LUCAS), priced at approximately $35,000, which is becoming a key technology in countering Iranian drone threats and is expected to attract more defense budget allocations.
- Intensified Industry Competition: Although spending in the defense tech sector accounted for less than 1% of contract dollars in 2025, startups like Anduril and Palantir have secured multi-billion dollar contracts, reflecting strong market demand for high-tech solutions.
See More
Zelensky's Surprise Visit to Saudi Arabia for Support
- Military Cooperation Talks: Ukrainian President Zelensky met with Saudi Crown Prince Mohammed bin Salman to discuss escalating military tensions in the Middle East and the war in Ukraine, aiming to enhance cooperation with Gulf nations by offering air defense and drone technology.
- Expert Deployment: Over 200 Ukrainian experts have been dispatched to the Middle East to assist countries in intercepting Iranian attacks that have damaged energy infrastructure, highlighting Ukraine's proactive role in international security cooperation.
- U.S. Resource Reallocation: As the U.S. considers redirecting military resources originally intended for Ukraine to the Middle East, Zelensky's visit aims to secure Gulf nations' support for Ukraine in its ongoing battle against Russian aggression.
- European Aid Uncertainty: The critical €90 billion ($104 billion) EU loan package for Ukraine is now in jeopardy due to Hungary's veto, further intensifying Ukraine's military and economic pressures.
See More
L3Harris Secures U.S. Navy Contract for Submarine Drone System
- Contract Award: L3Harris Technologies has been awarded a contract by the U.S. Defense Innovation Unit to deliver a Torpedo Tube Launch and Recovery system, which allows submarines to deploy and recover autonomous underwater vehicles through standard torpedo tubes, marking a significant expansion in defense technology.
- System Capabilities: The system is designed to operate with the Iver4 900 autonomous underwater vehicles and has been tested by U.S. and allied naval forces for missions including intelligence collection, surveillance, reconnaissance, mine detection, and seabed operations, enhancing the operational capabilities of submarines.
- Operational Advantages: This system enables submarines to conduct missions without surfacing, thereby reducing operational exposure, while incorporating lithium-ion battery technology that supports longer mission durations and battery swaps, ensuring continuous operational capability.
- Multi-Platform Compatibility: L3Harris's system is designed to work across multiple submarine classes and with allied platforms, aligning with cooperation initiatives among Australia, the United Kingdom, and the United States focused on advanced defense technologies, further promoting the integration of manned and unmanned systems in naval operations.
See More
