Latest news with #L3HarrisTechnologies
Yahoo
5 days ago
- Business
- Yahoo
L3Harris (LHX) wins $487 million DoD contract for Terminal Modernization
L3Harris Technologies, Inc. (NYSE:LHX) is one of the 11 best industrial stocks to buy right now. On June 17, the company announced it had secured a $487.3 million cost-plus fixed contract from the US Department of Defense. Jirat Teparaksa/ The contact is for the modernization of enterprise terminals. The company will also offer depot and engineering support services as part of the contract. The Army Contracting Command at Aberdeen Proving Ground is to manage the five-year contract slated for completion in 2030. An area where the contract will be implemented will be determined with each order as the project progresses. The Army and L3Harris have already partnered on a number of similar contracts. In January, the company received a $300 million buy order to supply the Army with handheld, manpack, and small form fit, or HMS, radios. The contract falls under a possible 10-year, $12.7 billion contract Harris was given in 2016. L3Harris Technologies, Inc. (NYSE:LHX) is a global aerospace and defense technology company that provides end-to-end solutions across air, land, sea, space, and cyber domains. It specializes in complex intelligence, surveillance, reconnaissance (ISR), and electronic warfare (EW) systems. While we acknowledge the potential of LHX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. 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
UPI
6 days ago
- Science
- UPI
NASA completes full-duration 'hot fire' test of new RS-25 engine
NASA tests RS-25 engine No. 20001 on Friday, at the Fred Haise Test Stand at NASA's Stennis Space Center at Bay St. Louis, Mississippi. Test teams fired the engine for almost 500 seconds, the same amount of time RS-25 engines fire during a launch of a Space Launch System rocket on Artemis missions to the moon. Photo by NASA June 23 (UPI) -- NASA fired up a full-duration test of its new RS-25 engine that will power the Space Launch System rocket on Artemis missions to the moon, the space agency announced Monday. NASA tested RS-25 engine No. 20001 on Friday at the Fred Haise Test Stand at NASA's Stennis Space Center at Bay St. Louis in Mississippi. The full-duration "hot fire" test was the first since NASA completed certification testing for new production RS-25 engines last year. The engine, built by contractor L3Harris Technologies -- formerly Aerojet Rocketdyne -- was fired up for nearly eight-and-a-half minutes. That is the same amount of time it would take four RS-25 engines to launch an SLS rocket, sending astronauts aboard the Orion into orbit. The engine was also fired up to the 111% power level to test its limits. The test was conducted by a team from NASA, L3Harris and Syncom Space Services, which is the contractor for site facilities. All RS-25 engines are being tested and proven flightworthy at NASA Stennis after the space agency completed its RS-25 certification test series in April 2024. "The newly produced engines on future SLS rockets will maintain the high reliability and safe flight operational legacy the RS-25 is known for while enabling more affordable high-performance engines for the next era of deep space exploration," Johnny Heflin, SLS liquid engines manager, said last year. The RS-25 engine dates back to the 1960s, with a previous iteration of Rocketdyne from the 1970s. NASA's first space shuttle flight used RS-25 engines to launch in April 1981. It will take four RS-25 engines, producing a combined 8.8 million pounds of thrust at liftoff, to launch the SLS rocket for Artemis missions. NASA is targeting the first crewed Artemis mission, Artemis II, for April 2026. It will be the first crewed mission beyond low Earth orbit since Apollo 17 in 1972. During Artemis II, four astronauts will make a trip around the moon. Artemis III will include a lunar landing, which is currently scheduled for 2027.
CNBC
20-06-2025
- Business
- CNBC
The scale of Trump's 'Golden Dome' is a boon for defense stocks even if it isn't completed, says Bernstein
Major defense stocks can still benefit even if President Donald Trump 's "Golden Dome" project fails, according to Bernstein. The prospect of completing the missile defense system before the end of Trump's term in 2029, which the president has cited as his goal for the project, is highly unlikely, analyst Douglas Harned wrote in a note to clients last week. However, that doesn't mean the effort won't drive business for the defense industry, he said. "Even if the system fails to deliver, we expect elements to survive and for companies to profit off efforts, even when they do not succeed — and spending could go much higher," Harned said. Creating such an expansive defense system will likely require contributions and cooperation from the entire industry, Harned explained. Also, Trump has also mentioned extending contracts to some nontraditional companies, Harned said, adding that this decision may not make the project any easier. "While we see little chance that the system will be complete within three years, we expect money will be spent and benefit most major defense contractors," he said. Harned expects L3Harris Technologies , RTX, Northrop Grumman , Lockheed Martin , BAE Systems and Boeing will be among the beneficiaries. Bernstein rates Boeing and L3Harris Technologies overweight, and has a market perform rating on the rest. Harned's $273 per share price target on L3Harris implies nearly 10% upside from Wednesday's $248.83 close, while his $249 price target for Boeing suggests roughly 25% upside. Boeing shares closed at $197.68 on Wednesday, giving it a 13% year to date gain. L3Harris shares are up 19% over the same period. (Markets were closed Thursday.) Trump estimated last month that the project will cost roughly $175 billion, but Harned anticipates it will ultimately cost more than that. About $25 billion has already been included in the 2026 U.S. defense budget, according to Trump. The project's ambitions are a big challenge, according to the analyst. "In order to truly defend the entire US," he said, "it will be necessary to go back to a complex multi-layered system, that can address a wide range of attacks." "The cost of true coverage of the US will be extreme, with the problem that the system would always need to evolve as enemies evolve their capabilities," Harned said. "The situation is analogous to cybersecurity. It is much less expensive to attack than it is to defend."
Business Insider
10-06-2025
- Business
- Business Insider
Cathie Wood's ARK Investment bought 10.7K shares of L3Harris Technologies today
20:21 EDT Cathie Wood's ARK Investment bought 10.7K shares of L3Harris Technologies (LHX) today Confident Investing Starts Here: 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>>
Business Insider
03-06-2025
- Business
- Business Insider
Cathie Wood's ARK Investment buys 5.9K shares of L3Harris Technologies today
21:02 EDT Cathie Wood's ARK Investment buys 5.9K shares of L3Harris Technologies (LHX) today Confident Investing Starts Here: 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>>
