L3 Harris Technologies (LHX) Stock
US defence contractor powering military communications and systems. Here's the price, business snapshot, and what's worth knowing about L3 Harris Technologies in September 2026.
L3Harris Technologies (LHX) is a US aerospace and defence contractor formed from the merger of L3 and Harris in 2019. It supplies avionics, communications, surveillance, electronic warfare, and space systems to military and government customers, with commercial applications in security and critical communications. The company benefits from a sizeable contracted backlog and recurring programme revenues, supporting relatively stable cash flows and investment in R&D. Key drivers include US defence spending, international sales, and technology upgrades (satcom, sensing and EW). At a market cap of about $54.69 billion, L3Harris sits among mid‑to‑large defence primes, with a track record of margin improvement through integration and cost discipline. Risks include programme delays, budgetary shifts, contract competition, and regulatory scrutiny; performance can vary with contract timing and geopolitical changes. This summary is for educational purposes only and is not personal investment advice — suitability depends on individual goals and risk tolerance.
Why It’s Moving
LHX faces a tug-of-war between major missile-defense wins and fresh analyst caution.
- L3Harris received a roughly $60 million U.S. Air Force contract on September 14 to continue producing cockpit-selectable height-of-burst sensors, adding near-term program support but remaining modest relative to the company’s overall scale.
- The company announced a potentially $4.7 billion, seven-year PAC-3 MSE propulsion award from Lockheed Martin, strengthening its long-term missile-defense backlog, although the contract is currently undefinitized and final terms could still change.
- Melius Research downgraded LHX to Hold, while reports cited contract-timing delays, supply-chain pressure and program charges; those execution concerns help explain why analysts remain cautious despite the new awards.
LHX faces a tug-of-war between major missile-defense wins and fresh analyst caution.
- L3Harris received a roughly $60 million U.S. Air Force contract on September 14 to continue producing cockpit-selectable height-of-burst sensors, adding near-term program support but remaining modest relative to the company’s overall scale.
- The company announced a potentially $4.7 billion, seven-year PAC-3 MSE propulsion award from Lockheed Martin, strengthening its long-term missile-defense backlog, although the contract is currently undefinitized and final terms could still change.
- Melius Research downgraded LHX to Hold, while reports cited contract-timing delays, supply-chain pressure and program charges; those execution concerns help explain why analysts remain cautious despite the new awards.
Sixth Month Growth Performance
When is the next earnings date for L3 HARRIS TECHNOLOGIES INC (LHX)?
L3Harris Technologies (LHX) is expected to report its next earnings on October 29, 2026. The release will cover the company’s third quarter of fiscal 2026. The date appears to be an analyst-calendar estimate rather than a formally confirmed company announcement.
Stock Performance Snapshot
Analyst Rating
Analysts recommend buying L3 Harris stock, with a target price suggesting significant potential growth.
Financial Health
L3 Harris is performing well with strong revenue and cash flow, indicating solid financial stability.
Dividend
L3 Harris Technologies' dividend yield of 1.99% is moderate, providing some income for investors. If you invested $1000, you would be paid $19.90 a year in dividends (based on the last 12 months).
Why You’ll Want to Watch This Stock
Defence‑driven revenue
Substantial contracted backlog and recurring support revenue can provide predictable cash flow, though outcomes depend on contract timing and budgets.
Global customer base
Sales to US and allied governments offer scale and diversification, but international sales face export controls and geopolitical risks.
Tech and modernisation
Investment in sensors, satcom and electronic warfare supports long‑term demand, balanced by execution risk and competitive pressure.
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