L3Harris Secures $400 Million THAAD Contract
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 days ago
0mins
Should l Buy LHX?
Source: Newsfilter
- Significant Contract Value: L3Harris Technologies has secured a nearly $400 million contract to produce additional solid rocket boost motors and Liquid Divert and Attitude Control Systems (LDACS), enhancing the THAAD system for the Missile Defense Agency and ensuring national security.
- Successful Interception Record: The THAAD system boasts a 100% success rate in 17 interception tests since production began, underscoring its critical role in defending against short, medium, and intermediate-range missiles, thereby solidifying L3Harris's leadership in defense technology.
- Milestone Early Delivery: In 2024, L3Harris delivered its 1,000th solid rocket boost motor and 1,000th LDACS ahead of schedule, demonstrating its efficient production capabilities and rapid response to customer needs, which enhances client trust.
- Manufacturing Base Distribution: L3Harris manufactures THAAD solid rocket boost motors in Huntsville, Alabama, and Camden, Arkansas, while LDACS are produced in Los Angeles, ensuring production flexibility and supply chain stability.
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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: 352.120
Low
212.00
Averages
253.50
High
280.00
Current: 352.120
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.
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- Successful Interception Record: The THAAD system boasts a 100% success rate in 17 interception tests since production began, underscoring its critical role in defending against short, medium, and intermediate-range missiles, thereby solidifying L3Harris's leadership in defense technology.
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- Market Dynamics: The booming nature of the defense industry is reshaping market dynamics and investment strategies.
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- VisionWave's New System Development: VisionWave Holdings Inc. has announced the initiation of early-stage architecture and feasibility work on an AI-controlled intelligent radar system designed to enhance radar survivability and continuity of sensing through a distributed mesh decoy architecture, which, if successful, will significantly boost its market competitiveness.
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- Intellectual Property Strategy: VisionWave is advancing an intellectual property strategy to protect key architectural elements of the system, including distributed-node role definitions and AI-supervised network behavior policies, ensuring its technological advantages remain competitive in the market.
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Canada's Defense Strategy: Canada has introduced a new defense strategy that may influence investment opportunities in the defense industry.
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- Successful Interception Record: The THAAD system boasts a 100% success rate in 17 interception tests since production began, underscoring its critical role in defending against short, medium, and intermediate-range missiles, thereby solidifying L3Harris's leadership in defense technology.
- Milestone Early Delivery: In 2024, L3Harris delivered its 1,000th solid rocket boost motor and 1,000th LDACS ahead of schedule, demonstrating its efficient production capabilities and rapid response to customer needs, which enhances client trust.
- Manufacturing Base Distribution: L3Harris manufactures THAAD solid rocket boost motors in Huntsville, Alabama, and Camden, Arkansas, while LDACS are produced in Los Angeles, ensuring production flexibility and supply chain stability.
See More
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See More
