LHX
NYSE · Aerospace & Defense
L3Harris Technologies Inc
$288.91
+2.79 (+0.98%)
LHX News12 articles
L3Harris Shares Plunge $4.8B as Missile Unit IPO Delayed
L3Harris shares dropped 7.7% this week after a delayed missile IPO wiped out $4.8B in market value, despite strong Q2 earnings and record backlog.
From Dive Sites to Air Force One: The Vast Price Gap in Retired 747s
Retired 747s range from a $100,000 reef-destined jet to a $200 million U.S. support aircraft. Boeing (BA) shares edged up 1.2% as services margins outpaced defense. Earnings due Tuesday.
Defense Focus Boosts eVTOL Stocks: Joby and Archer Surge
Joby Aviation (JOBY) shares rose 3.2% to $7.71, while Archer Aviation (ACHR) surged 20.3%, driven by defense sector interest and new aircraft announcements.
Defense Sector Interest Lifts Joby and Archer Aviation Stocks
Joby Aviation shares rose 3.4% and Archer Aviation surged 20.2% after defense partners detailed progress on hybrid and autonomous aircraft, with Joby completing a 148-mile flight and Archer targeting 2027 for Thunder's first flight.
Air Force Base Defense Plan May Split Spending Across Multiple Systems
The U.S. Air Force is exploring a modular base-defense approach that could spread spending across launchers, sensors, missiles, and command systems, reducing reliance on a single supplier.
Space Stocks Slide as New Horizons Reactivation Highlights Network Strain
Pure-play space stocks tumbled 10.3% on average as New Horizons' successful wake-up underscored NASA's Deep Space Network limitations, while heritage affiliates slipped only 0.5%.
Kratos Shares Rise as Drone Backlog Share Declines, Broader Defense Mix Strengthens
Kratos shares gained 4.6% amid a drone stock rally, but its backlog mix is shifting away from unmanned systems, highlighting a broader defense portfolio.
ARK Invest Acquires 3.3 Million SpaceX Shares on IPO Day, Exits Teradyne, Iridium, Archer
ARK Invest acquired nearly 3.3 million SpaceX shares on its IPO day, funding the purchase by selling stakes in Teradyne, Iridium, Twist Bioscience, and Archer Aviation.
Kratos Defense Slips 6.5% as Investors Await Profit from Drone and Space Contracts
Kratos Defense shares fell 6.5% to $61.26, cutting market cap to $10.6B, as investors question profit timing from new contracts including a $446.8M Space Force deal and Mk1 Firejet drone.
AST SpaceMobile Targets April 10 for BlueBird 7 Launch Amid Rival Rocket Lab's ESA Milestone
AST SpaceMobile has scheduled its BlueBird 7 satellite launch for April 10, while Rocket Lab successfully completed its first dedicated mission for the European Space Agency. Both companies are advancing amid a backdrop of robust financial results and industry momentum.
Defense Stocks Rally Ahead of Holiday; AST SpaceMobile Unveils $1B Financing
U.S. defense and space equities advanced Friday, led by Lockheed Martin and Huntington Ingalls, while AST SpaceMobile announced a major $1 billion financing initiative. Markets are closed Monday for the Presidents Day holiday.
RTX Dividend Maintained Amid Pentagon Scrutiny on Defense Contractor Payouts
RTX affirmed its quarterly dividend while defense contractors await a Pentagon list that could restrict shareholder returns. The company's Raytheon unit has been flagged for responsiveness concerns.