L3Harris Selected by U.S. Navy for Red Wolf System Development
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Newsfilter
- 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.
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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: 356.020
Low
212.00
Averages
253.50
High
280.00
Current: 356.020
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.
L3Harris Selected by U.S. Navy for Red Wolf System Development
- 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.

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