L3Harris Technologies, IncNYSE: LHX
Industrials · Aerospace & Defense
$303.61
-0.89%
Vol: 119K
Research Digest
Monday, June 15, 2026
No significant overnight updates
No material news in the last 48 hours. A June 10 counter-drone delivery announcement to the U.S. Army falls outside the 48-hour window.
Previous Market Intelligence
13 daysJun 14L3Harris was selected by the US Army to deliver VAMPIRE counter-drone systems under a contract worth up to $106 million, reinforcing its counter-UAS franchise.Positive▶
L3Harris Technologies (LHX) announced on June 10, 2026 that the US Army selected it to deliver VAMPIRE (Vehicle-Agnostic Modular Palletized ISR Rocket Equipment) counter-unmanned aircraft systems under a contract worth up to $106 million. The system provides reconnaissance and strike capability against drones and remotely piloted aircraft and has logged more than 350,000 operational hours in European combat since 2023. The award builds on L3Harris's strong fiscal Q1 2026, when EPS of $2.72 beat the $2.52 estimate on revenue of $5.7 billion versus $5.43 billion expected. It also follows a $170 million Falcon IV communications order from a Central European nation and a $25 million Huntsville manufacturing expansion. Analysts rate the stock Buy and see it as undervalued versus targets. The risk is heavy reliance on government defense budgets and program timing.
May 21L3Harris launched Wraith Shield counter-drone AI software on May 13 and raised 2026 EPS guidance to $11.40-$11.60 after Q1 revenue of $5.744B beat consensus by 12% YoY growth.Positive▶
L3Harris Technologies posted Q1 2026 revenue of $5.744B (up 12% YoY) and EPS of $2.72 vs the $2.58 consensus, prompting management to raise full-year EPS guidance to $11.40-$11.60. Shareholders re-elected all directors at the May 11 annual meeting and rejected a proposal to ease calling special meetings; the company continues to pursue an IPO of its Missile Solutions segment (backed by a $1B DoW convertible preferred) and to sell a majority stake in Space Propulsion & Power. On May 13, L3Harris and DataShapes AI unveiled Wraith Shield software, turning over 100,000 fielded tactical radios into AI-enabled counter-drone systems starting with the AN/PRC-171. Shares are near $307 despite a 15% monthly drawdown. Analyst actions include Bernstein cutting target to $405 and Deutsche Bank lowering to $300.
May 20L3Harris trading near $307-$302 in mid-May 2026 after 15% drawdown despite Q1 EPS beat of $2.72, raised FY guidance, and consensus PT of $382.53; Wraith Shield counter-drone launch May 13.Mixed▶
L3Harris stock is trading near $307.62 as of May 15, 2026, but has absorbed a 15% drawdown over the past month despite operationally strong results. Q1 EPS of $2.72 beat the $2.58 estimate and $5.7B revenue exceeded $5.4B consensus, with management raising full-year EPS guidance to $11.40-$11.60. On May 13, L3Harris and DataShapes AI announced Wraith Shield software, turning 100,000+ fielded tactical radios into AI-enabled counter-drone systems. The Missile Solutions (MSL) business, recently named Axyv, has filed a confidential S-1 with an IPO targeting H2 2026 following a $1B DoD strategic investment. CEO Christopher Kubasik presents at the Bernstein Strategic Decisions Conference May 27. Consensus PT of $382.53 implies meaningful upside from current levels. Risk: defense budget uncertainty and the recent drawdown suggest near-term technical weakness despite strong fundamentals.
May 19L3Harris finalizes deep space nuclear power source design and unveils Wraith Shield counter-drone software on May 13 and May 15.Positive▶
L3Harris announced on May 13 the Wraith Shield counter-drone software that turns 100,000+ Wraith-capable tactical radios into AI-enabled counter-drone systems via the AN/PRC-171 platform. On May 15, the company finalized design of its Next-Gen Radioisotope Thermoelectric Generator for NASA. May 7 saw selection by the US Air Force for ABMS digital infrastructure. CEO Kubasik presents at Bernstein May 27. Shares around $307 after a 15% monthly drawdown despite raised FY guidance ($11.40-$11.60 EPS). Risk: shareholder rejection of governance reform.
May 18L3Harris launched AI-enabled counter-drone Wraith Shield on May 13 and won U.S. Air Force ABMS digital infrastructure contract on May 7.Positive▶
On May 13, 2026, L3Harris and DataShapes AI unveiled Wraith Shield software, converting Wraith-capable tactical radios into AI-enabled counter-drone detection systems, deploying on the RF-9820S/AN/PRC-171 later in 2026. On May 7, the U.S. Air Force selected L3Harris to develop the secure digital infrastructure backbone for its Advanced Battle Management System network. Shares rose 3.3% on May 12 amid the news flow. At the May 11 annual meeting, shareholders re-elected all directors and rejected an easier-special-meeting reform, supporting management's missile-IPO and propulsion-divestiture plans. Bernstein lowered its target to $405 from $435 while JPMorgan and Argus maintained Buy.
May 15L3Harris wins US Air Force ABMS digital infrastructure contract and launches AI counter-drone Wraith Shield software on tactical radios.Positive▶
L3Harris was selected on May 7, 2026 by the US Air Force to develop key features of the secure, resilient digital infrastructure backbone for the Advanced Battle Management System (ABMS) command-and-control network. On May 13, L3Harris and DataShapes AI announced Wraith Shield software that converts existing Wraith-capable tactical radios into AI-enabled counter-drone detection and disruption systems. Q1 2026 (released May 7) revenue was $5.74B vs $5.4B consensus and adjusted EPS $2.72 vs $2.58 estimate; FY EPS guidance lifted to $11.40-$11.60. Shares rose 3.3% on May 12 to ~$309 and trade near $307.62 on May 14. The 2026 annual meeting (May 11) saw all 11 directors re-elected with 92.2% participation. Risk: Bernstein cut PT to $405 from $435 on May 4, citing defense-budget pacing.
May 14Deutsche Bank cuts L3Harris price target to $300 from $326 even as company posts blowout Q1 with 15% organic growth and 1.4x book-to-billMixed▶
L3Harris shares rose 3.3% to $309.47 on May 12, 2026 following strong Q1 2026 results showing $5.74B revenue (beating $5.4B consensus) and $2.72 diluted EPS (vs $2.58 estimate) with 15% organic revenue growth. The book-to-bill ratio hit 1.4x with $7.8B in bookings against $5.7B in revenue, signaling strong backlog momentum. On May 7, the U.S. Air Force selected L3Harris to develop key features of the Advanced Battle Management System (ABMS) secure digital infrastructure. The May 11 annual meeting saw all eleven directors elected. The company declared a $1.25 quarterly dividend with ex-date June 5. On May 12, Deutsche Bank lowered its price target to $300 from $326 while Bernstein trimmed to $405 from $435, though Goldman Sachs and Argus reaffirmed Buy.
May 13L3Harris shares rose 3.3% to $309.47 on May 12 after winning a U.S. Air Force contract on May 9 to build digital infrastructure for the Advanced Battle Management System (ABMS) network.Positive▶
On May 9, 2026, the U.S. Air Force selected L3Harris to develop the secure digital infrastructure underpinning the ABMS command-and-control network, a core element of the DoD's CJADC2 strategy. Shares rose 3.3% to $309.47 on May 12 on the win. On May 11, the company held its annual shareholder meeting where all 11 directors were re-elected with 92.2% of shares voting. The award builds on Q1 2026 revenue of $5.74B (+11.9% YoY) and raised full-year EPS guidance of $11.40-$11.60. Risk: insider selling and a recent 15% drawdown suggest caution despite the operationally strong quarter.
May 12L3Harris selected by US Air Force on May 9 to develop digital infrastructure backbone of Advanced Battle Management System (ABMS) networkPositive▶
The US Air Force selected L3Harris on May 9, 2026 to develop key features of the secure and resilient digital infrastructure underpinning its Advanced Battle Management System (ABMS) command and control network, strengthening data integration and providing real-time battlefield visibility. The win follows strong Q1 2026 results with revenue of $5.74B (beat $5.4B estimate) and EPS of $2.72 (beat $2.58), prompting raised full-year EPS guidance to $11.40-$11.60. L3Harris also confidentially filed an S-1 for its newly created Missile Solutions IPO under the name Axyv after a $1B Department of War investment closed in April, targeting H2 2026. Despite operational strength shares trade near $302, down 15% in a month. J.P. Morgan and Argus reaffirmed Buy in early May; Bernstein cut its target to $405 from $435.
May 11L3Harris raises 2026 EPS guidance after Q1 beat with 15% organic growth and $1B DoW investmentPositive▶
L3Harris reported Q1 2026 revenue of $5.74 billion (vs. $5.4B consensus) and EPS of $2.72 (vs. $2.58 estimate). Organic revenue grew 15% and book-to-bill was 1.4x with $7.8B in orders. Management raised full-year EPS guidance to $11.40-$11.60 from $11.30-$11.50. The company closed a $1 billion strategic investment from the Department of War in its Missile Solutions business (rebranded Axyv) ahead of a planned 2H 2026 IPO; L3Harris will retain over 80% post-IPO. L3Harris also announced a $1B+ solid rocket motor production expansion in Virginia and won contracts for USAF ABMS digital infrastructure and Polish Navy Miecznik-class frigates.
May 8L3Harris reports record backlog and raises FY26 guidance amid record 15% organic revenue growthPositive▶
L3Harris reported Q1 2026 revenue of $5.74B with adjusted EPS of $2.72 (+15% organic growth). Management raised FY26 EPS guidance to $11.40-$11.60 from $11.30-$11.50. Book-to-bill ratio of 1.4x indicates $7.8B in orders booked against $5.7B revenue. Major catalyst: $1B strategic investment from Department of War in Missile Solutions business (renamed Axyv) with IPO targeted H2 2026. Recent contract wins include $65M ATACMS motors for Army. 11 analysts rate Buy with $356.73 target (+18.83%).
May 7L3Harris delivered strong Q1 results; raised FY26 guidance on defense demand surgePositive▶
L3Harris reported Q1 2026 EPS of $2.72 (beat $2.58 est.) with 15% organic revenue growth and backlog nearing $40B. The company secured $65M ATACMS rocket motor contract (2027-2028 shipments) and raised FY26 outlook. Missile Solutions preparing for H2 2026 IPO with government backing. Bernstein cut PT to $405 from $435 (May 4) but consensus Buy rating with 12-month PT of $356.73 (+17.87% upside). Cash dividend raised to $1.25 (ex-date Jun 5).
May 6L3Harris Q1 2026 revenue beats at $5.74B with record $40.7B backlog and $1B DoD missile investmentPositive▶
L3Harris reported Q1 2026 with sales of $5.74 billion and net income of $512 million, beating expectations. The company received $7.8 billion in orders (1.4x book-to-bill) and grew backlog to record $40.7 billion. The company announced a $1.27 billion manufacturing expansion in Orange County, Virginia for solid rocket motors and closed a $1 billion strategic investment from the Department of War in its Missile Solutions business. Full-year 2026 guidance raised to $23-23.5B revenue and $11.40-11.60 EPS.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| LHXL3HARRIS | $303.61 | -0.89% | -1.6% | 22.5x | 0.75 | $57.1B |
| GEGENERAL | $346.55 | +14.84% | +5.5% | 34.8x | 1.35 | $315.3B |
| RTXRTX | $184.05 | +4.59% | +0.0% | 23.3x | 0.30 | $237.0B |
| BABOEING | $228.93 | +4.24% | -0.5% | 51.5x | 1.21 | $173.1B |
| LMTLOCKHEED | $532.70 | +1.90% | -1.0% | 16.3x | 0.10 | $120.5B |
| HWMHOWMET | $270.69 | +4.15% | +1.1% | 43.4x | 1.19 | $104.0B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price below 200d MA — bearish structure.