RBC Capital cuts L3Harris price target to $265 from $310
On Oct. 15, RBC’s Ken Herbert kept Sector Perform and cut the target to $265 from $310. RBC cited defense-budget uncertainty and post-FY27 spending concerns; it expected strong Q3 bookings and aerospace aftermarket results, but no increase to its commercial-delivery outlook.
L3Harris wins $250 million Lockheed Martin GMLRS propulsion contract
On Oct. 12, L3Harris announced a $250 million follow-on Lockheed Martin contract for standard-range GMLRS propulsion units at a record program quantity. The company said it has doubled GMLRS motor output in recent years.
L3Harris analyst consensus and latest target revisions
As of Oct. 16, 20 analysts polled by S&P Global had a Buy consensus and $316.65 average target. Recent cuts included TD Cowen $370 to $280 (Oct. 9), Goldman Sachs $405 to $361 (Oct. 12), Bernstein $346 to $318 (Oct. 14), and RBC $310 to $265 (Oct. 15).
Bernstein cuts L3Harris target to $318 from $346
On Oct. 14, Bernstein’s Douglas Harned maintained Outperform and cut the target to $318 from $346. He cited a difficult U.S. defense Q3 setup, a stalled congressional budget delaying program funding, and uncertainty ahead of the Nov. 3 midterm elections.
L3Harris Technologies, Divergent Technologies Sign Agreement To Use Divergent’s Additive Production Processes For L3Harris' Wolf Pack Family Of Munitions
L3Harris Technologies, Divergent Technologies Sign Agreement To Use Divergent’s Additive Production Processes For L3Harris' Wolf Pack Family Of Munitions（摘要待生成）
L3Harris and Divergent team up on mass-munitions production
On Oct. 13, L3Harris and Divergent Technologies signed a teaming agreement to scale production of L3Harris’ Red Wolf and Green Wolf munitions using Divergent’s additive manufacturing processes. L3Harris said its launched-effects portfolio has completed 60 flight demonstrations.
L3Harris begins delivering VAMPIRE counter-drone systems to U.S. Army
On Oct. 13, L3Harris said initial VAMPIRE counter-unmanned systems deliveries to the Army arrived within two months of its $106 million order. The company said the system has logged more than 350,000 operational hours since 2023.
L3Harris receives $55 million U.S. Army night-vision award
On Oct. 12, L3Harris said the U.S. Army awarded it $55 million to supply NOVA night-vision goggles for the Binocular Night Observation Device program. The company said it will move directly into full-rate production.