L3 Technologies Secures $283.3M Contract for Ground Control Support
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Should l Buy LHX?
Source: seekingalpha
- Contract Value: L3 Technologies has been awarded a $283.3 million ID/IQ contract aimed at providing ground control element support and sustainment services, which will significantly enhance its market position in the defense sector.
- Service Scope: The contract encompasses the necessary logistics support and sustainment services required to maintain and enhance the performance of element systems and ancillary capabilities, ensuring long-term system reliability and operational effectiveness.
- Project Location and Timeline: Work will be performed in Salt Lake City, Utah, and is expected to be completed by January 29, 2031, providing the company with a stable revenue stream over the long term.
- Funding Allocation: At the time of the award, $3.5 million from the Fiscal 2026 operations and maintenance funds will be obligated for this project, indicating government commitment and its positive impact on L3 Technologies' future financial performance.
Discover Tomorrow's Bullish Stocks Today
Analyst Views on LHX
Wall Street analysts forecast LHX stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for LHX is 253.50 USD with a low forecast of 212.00 USD and a high forecast of 280.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
11 Buy
3 Hold
0 Sell
Strong Buy
Current: 342.850
Low
212.00
Averages
253.50
High
280.00
Current: 342.850
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.
- Contract Value: L3 Technologies has been awarded a $283.3 million ID/IQ contract aimed at providing ground control element support and sustainment services, which will significantly enhance its market position in the defense sector.
- Service Scope: The contract encompasses the necessary logistics support and sustainment services required to maintain and enhance the performance of element systems and ancillary capabilities, ensuring long-term system reliability and operational effectiveness.
- Project Location and Timeline: Work will be performed in Salt Lake City, Utah, and is expected to be completed by January 29, 2031, providing the company with a stable revenue stream over the long term.
- Funding Allocation: At the time of the award, $3.5 million from the Fiscal 2026 operations and maintenance funds will be obligated for this project, indicating government commitment and its positive impact on L3 Technologies' future financial performance.
See More
- Defense Stocks Performance: Defense stocks have seen a recent increase in value, attracting investor attention.
- Smart Money Insight: Investors are advised to monitor the actions of institutional investors, referred to as "smart money," for better investment decisions.
See More
- Analyst Rating Changes: Top Wall Street analysts have adjusted their ratings on several companies, indicating a shift in market sentiment that could influence investor decisions and market trends.
- AMZN Stock Outlook: Analysts' opinions on Amazon (AMZN) stock reveal a divergence in expectations for its future performance, prompting investors to pay attention to the latest ratings and price targets.
- Impact of Rating Changes: Upgrades and downgrades from analysts can lead to stock price volatility, necessitating that investors closely monitor these changes to adjust their investment strategies accordingly.
- Market Dynamics Observation: Changes in the overall market environment and economic data may also impact analysts' rating decisions, requiring investors to remain vigilant to address potential market risks.
See More
- Contract Approval: L3Harris Technologies has secured a new U.S. Navy contract to support Marine Corps strike modernization efforts, focusing on Red WolfTM vehicles designed for long-range precision missions, indicating the company's ongoing expansion in the defense sector.
- Production Phase Advancement: The contract selection follows 52 flight tests conducted in various environments, demonstrating that L3Harris's systems are viewed as scalable and cost-effective solutions in military planning, aligning with modern warfare's demand for efficient weaponry.
- Optimistic Market Outlook: L3Harris expects adjusted earnings per share of $11.30 to $11.50 for fiscal 2026, falling short of the market's estimate of $12.46, yet the company raised its sales forecast to a range of $23.0 billion to $23.5 billion, reflecting strong market demand and growth potential.
- Segment Performance: The company anticipates approximately $11.5 billion in revenue from Space & Mission Systems, around $8.0 billion from Communication & Spectrum Dominance, and about $4.4 billion from Missiles Solutions, with an overall operating margin expected to be around 16%, showcasing its competitiveness in the defense industry.
See More
- Contract Award: L3Harris has been selected by the U.S. Naval Air Systems Command to develop, test, and manufacture Red WolfTM vehicles for the Marine Corps' Precision Attack Strike Munition program, marking a significant expansion in the company's defense technology portfolio.
- Technical Advantage: The Red Wolf system extends weapon launch ranges to 200 nautical miles, far exceeding the single-digit range of other rocket-launched missiles, significantly enhancing the Marine Corps' strike capabilities to meet the urgent demand for long-range precision weapons in modern warfare.
- Market Demand: CEO Christopher Kubasik highlighted that recent conflicts and incursions over NATO airspace underscore the urgent need for cost-effective alternatives, with the Red Wolf system poised to provide the Marine Corps with affordable advanced munitions.
- Innovation Program: The system is being deployed through the Long-Range Advanced Missile program to address critical military needs and validate requirements through operational demonstrations, further solidifying L3Harris's leadership in defense innovation.
See More
- Stock Performance: Sandisk's stock has shown remarkable performance since its spinoff from Western Digital.
- Market Impact: The spinoff has positively influenced investor sentiment and market dynamics for Sandisk.
See More











