L3Harris Technologies, IncNYSE: LHX
Industrials · Aerospace & Defense
$314.09
-2.02%
Vol: 1.0M
Research Digest
Friday, May 1, 2026
L3Harris beat Q1 2026 earnings with $2.72 EPS vs. expected $2.58, raised full-year guidance to $11.40-$11.60, and filed for Missile Solutions IPO backed by $1B DoD investment.
L3Harris delivered strong Q1 2026 results exceeding expectations with $5.7B in sales and $2.72 EPS versus expected $2.58, raising full-year guidance. The company secured a $1B Department of Defense investment in Missile Solutions business and filed confidential S-1 for a second-half IPO. Major $1B expansion underway for solid rocket motor operations in Virginia. Record backlog of $40B supports future growth.
Previous Market Intelligence
13 daysApr 30L3Harris raised 2026 profit forecast after beating Q1 revenue estimates on strong weapons demand and filed IPO for Missile Solutions unit.Positive▶
L3Harris Technologies beat Q1 revenue expectations with $5.74B in sales versus $5.42B consensus. The company lifted its 2026 profit forecast citing strong Pentagon demand. The Missile Solutions segment posted 18% revenue growth, and Space and Mission Systems posted 24% growth. L3Harris confidentially filed for an IPO of its Missile Solutions business under a January Department of Defense deal involving a $1 billion federal investment. The company outlined a $1 billion expansion of its Virginia Advanced Propulsion Facilities for solid rocket motor operations.
Apr 16L3Harris announces $1B+ Virginia rocket motor expansion; Q1 earnings April 30Positive▶
L3Harris Technologies announced more than $1 billion investment in Virginia Advanced Propulsion Facilities, doubling manufacturing space and creating 350+ jobs. The company is modernizing and expanding solid rocket motor production in Camden, Arkansas and Huntsville, Alabama. Baird lifted price target to $420 from $385 after investor day. L3Harris won $400M THAAD system contract and intends SRM business IPO in H2 2026. Stock trading at $356.53, up 0.27%; analyst consensus Buy with $383.40 average target. Q1 2026 earnings due April 30 before market open.
Apr 15L3Harris wins $465M US Army night-vision contract and U.S. Space Force modernization work, signaling strong defense demand.Positive▶
L3Harris Technologies received a $465 million contract award from the US Army to supply binocular night-vision systems under the BiNOD program spanning seven years. The company also secured a $150 million Space Force contract and showcased autonomous electronic warfare capabilities on April 14. Q1 2026 earnings set for April 30 with new CFO Kenneth Sharp.
Apr 14L3Harris wins $465M Army night-vision contract and $150M Space Force modernization deal, signaling strong defense demand.Positive▶
L3Harris secured $465M seven-year Army contract for NOVA night-vision goggle systems under BiNOD program on April 13. Won $150M Space Force contract for MOSSAIC ground system modernization. New CFO Kenneth Sharp took office March 1. Q1 2026 earnings scheduled for April 30.
Apr 13L3Harris wins $150M Space Force contract for surveillance modernization; Q1 earnings April 30.Positive▶
L3Harris received a $150 million contract from U.S. Space Force to modernize critical ground systems for the MOSSAIC program. Director John Rogers purchased 4,000 shares on April 10 at $43.34. Baird lifted price target to $420 from $385. Q1 earnings release set for April 30. Buy consensus from 11 analysts with positive momentum around NASA's Artemis II.
Apr 10L3Harris will report Q1 earnings April 30 with momentum from Artemis II moon mission and defense awards.Positive▶
L3Harris Technologies will release Q1 2026 results before market open on April 30, 2026. The company supported NASA Artemis II crewed moon mission by supplying over 100 propulsion, thruster, and avionics components. L3Harris was recognized for its role in the HBTSS program. Stock has shown robust 71.8% total shareholder return over past year.
Apr 9L3Harris wins $150M Space Force MOSSAIC contract; partners with Xoople on AI satellite constellation.Positive▶
L3Harris Technologies secured $150M contract from U.S. Space Force Space Systems Command for Maintenance of Space Situational Awareness Integrated Capabilities (MOSSAIC) program to modernize ground systems for faster decision-making and threat warning. Company partnered with Xoople to co-develop first satellite constellation optimized for AI era. L3Harris supplied 100+ components for NASA Artemis II lunar mission. Stock up 1.72% ($5.94 gain) on April 8. Q1 2026 earnings scheduled for April 30. Average analyst rating: Buy with $336.92 PT (down 6.92% from current $361.97).
Apr 8L3Harris Powers Artemis II Moon Mission; New AI Satellite PartnershipPositive▶
L3Harris Technologies announced successful support for NASA's historic Artemis II mission with over 100 components including RS-25 engines and Orion systems. Additionally, L3Harris partnered with Xoople to co-develop a first-of-its-kind satellite constellation optimized for the AI era. The company received a $150 million Space Force contract for ground systems modernization.
Apr 7L3Harris powers historic Artemis II lunar mission with 100+ propulsion and avionics elements driving aerospace momentumPositive▶
L3Harris successfully powered Artemis II mission providing RS-25 engines, RL10 engine, Orion Main engine, and 100+ total elements supporting first crewed moon journey in 50+ years. Company building 18 infrared satellites for Proliferated Warfighter Space Architecture to track hypersonic missiles. Sam Mehta appointed President overseeing Space & Mission Systems and Communications & Spectrum Dominance segments. Q1 2026 earnings release scheduled April 30. YTD return 12.7%, 1-year return 67.9%. Stock at $378.51 up 1.72% recent session. Among 12 analysts average rating Buy with $336.92 target (5.36% downside risk).
Apr 6L3Harris appoints Sam Mehta president and schedules Q1 2026 earnings for April 30Positive▶
L3Harris appointed Sam Mehta president overseeing Space & Mission Systems and Communications & Spectrum Dominance segments (effective immediately). Kenneth Sharp named SVP/CFO (March 16). Ken Bedingfield appointed to lead Missile Solutions with focus on solid rocket motor manufacturing and planned Missile Solutions IPO later in 2026. Powered historic Artemis II mission launch. Canada awarded MAS (L3Harris subsidiary) two contracts worth ~$1.1B for aircraft fleet sustainment and materiel support. 2025 results: $21.9B revenue, $10.73 non-GAAP diluted EPS. 2026 guidance: $23.0-23.5B revenue, $11.30-11.50 GAAP diluted EPS, ~$3.0B free cash flow. Dividend increased to $1.25/share (annualized $5.00 vs prior $4.80). Q1 2026 earnings April 30 at 10:30 a.m. ET. Analyst consensus Buy with $336.92 target.
Apr 3L3Harris supplies 18 infrared satellites for Proliferated Warfighter Space Architecture to track hypersonic threats.Positive▶
L3Harris Technologies is building 18 infrared satellites as part of the Proliferated Warfighter Space Architecture to strengthen space defense against advanced missile threats. Contributed $100+ component to NASA's Artemis II mission. Recent leadership changes include a new CFO appointment, and planned IPO for Missile Solutions segment. Stock up 1.89% to $360.60.
Apr 2L3Harris appoints new CFO Kenneth Sharp; Q1 2026 earnings April 30Positive▶
L3Harris appoints new CFO Kenneth Sharp effective March 16; announces leadership restructuring; Q1 2026 earnings April 30.
Apr 1L3Harris Technologies sets Q1 2026 earnings for April 30 amid strong defense spending momentum and planned Missile Solutions spinoff.Positive▶
L3Harris will release Q1 2026 results on April 30. The company continues to benefit from rising global defense spending and record Q4 orders of $27.5 billion. Recent developments include a planned IPO of its Missile Solutions business and a THAAD-related contract. Analysts have Strong Buy rating.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| LHXL3HARRIS | $314.09 | -2.02% | -10.6% | 23.7x | 0.75 | $59.9B |
| GEGENERAL | $287.56 | -0.82% | +0.4% | 33.4x | 1.43 | $302.9B |
| RTXRTX | $174.46 | -0.91% | -11.3% | 23.3x | 0.43 | $237.1B |
| BABOEING | $227.67 | -0.59% | +7.9% | 52.3x | 1.13 | $180.5B |
| LMTLOCKHEED | $513.30 | -0.90% | -18.8% | 16.1x | 0.24 | $119.4B |
| HWMHOWMET | $240.10 | -1.21% | +2.7% | 43.3x | 1.24 | $97.4B |
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