Cathie Wood's ARK Makes $18 Million Defense Bet; Woodward Spikes On Q4 Trounce | Investor's Business DailyBREAKING: [Tech Futures Lead Gains As Teradyne, Palantir Surge]---Woodward stock soared early Tuesday, set to breakout on earnings and a major price target hike. Cathie Wood and her ARK Invest firm loaded up on nearly $18 million worth of defense stocks Monday, including heavyweights Lockheed Martin, L3Harris and AeroVironment. Woodward (WWD), a maker of fuel controls, ignition systems and airframes for ...

摩根士丹利将L3Harris Technologies的目标价从367美元上调至390美元，维持"增持"评级。(格隆汇) ...

January 30, 2026 11:00 AM GMT Aerospace & Defense | North America Flyby: Record $530bn Defense Backlog Fuels Growth With aggregate Defense Prime backlog at an all-time high of ~ $530bn, we take stock of trends in backlog and revenue growth, which support our Attractive view of the Defense sector. Defense Backlog Predicts Topline Growth What stood out to us in the 4Q25 earnings results so far is that U.S. Defense companies are reporting record backlog levels. Aggregate Defense Prime backlog stands at a recor ...

Core Insights - L3Harris Technologies has secured a new U.S. Navy contract to support Marine Corps strike modernization efforts, focusing on the Red WolfTM vehicles for long-range precision missions [1][2] - The contract follows extensive operational testing and transitions from demonstrations to production and fielding [2] - The military is increasingly prioritizing affordable systems that can deploy at scale, especially in light of vulnerabilities exposed by recent conflicts involving mass-produced drones [3] Program Scope and Timing - The Navy's selection of L3Harris was announced after 52 successful vehicle flights in various environments, including low-altitude firings from a Marine AH-1Z helicopter [2] Battlefield Advantages - The Red Wolf system enhances engagement distance for weapons launched from vertical takeoff platforms, demonstrating ranges of about 200 nautical miles during testing [4] - The vehicle supports beyond line-of-sight communications and autonomous over-the-horizon engagements, allowing more aircraft to participate in strike operations [5] Financial Guidance - For fiscal 2026, L3Harris expects adjusted earnings per share between $11.30 and $11.50, below the Street's estimate of $12.46, while raising its revenue outlook to $23.0 billion to $23.5 billion, slightly above the consensus estimate [6] - By segment, projected revenues include approximately $11.5 billion from Space & Mission Systems, around $8.0 billion from Communication & Spectrum Dominance, and approximately $4.4 billion from Missiles Solutions, with total operating margins expected in the low 16% range [7] - The company anticipates free cash flow of approximately $3.0 billion [8]

Defense contractor L3Harris Technologies said on Friday it had secured a U.S. Navy deal to develop Red Wolf vehicles for the Marine Corps' precision-strike program. ...

Core Insights - Global defense spending is increasing due to geopolitical tensions, benefiting companies like AeroVironment, Inc. (AVAV) and L3Harris Technologies, Inc. (LHX) [1] - Investments in unmanned systems, satellite communications, space hardware, cyber defense, and advanced weapons are creating favorable conditions for both companies [1] Summary of AeroVironment (AVAV) - AVAV specializes in unmanned aerial systems and space-qualified hardware for various orbits and cislunar missions [2] - The company has expanded its defense footprint with a $75 million task order from the U.S. Air Force for biotechnology and materials science development [4] - AVAV has made progress in advanced airspace operations by installing a new Beyond Visual Line of Sight (BVLOS) airspace management facility [5] - The Zacks Consensus Estimate for AVAV's fiscal 2026 EPS is $3.46, indicating a 5.5% growth, with revenue estimates at $2.00 billion, reflecting a 143.4% increase [10] Summary of L3Harris Technologies (LHX) - LHX is a diversified defense contractor with strong capabilities in communications, space systems, electronic warfare, and tactical networks [2] - The company reported Q4 2025 revenues of $5.65 billion, a 2.4% increase from the previous year, and EPS improved to $2.86, representing a 10.0% year-over-year growth [6] - LHX delivered the first MC-55A aircraft to the U.S. Air Force and secured a contract for a next-generation imaging payload for South Korea's GEO-KOMPSAT-5 satellite [7][8] - The Zacks Consensus Estimate for LHX's 2026 EPS is $12.39, indicating a 16.3% year-over-year growth, with revenue estimates at $23.40 billion, showing a 6.5% increase [11] Comparative Analysis - LHX has outperformed AVAV in stock price performance, with a 23.1% gain compared to AVAV's 20.8% decline over the past three months [12] - LHX's valuation is more attractive, trading at a forward Price/Sales (P/S F12M) multiple of 2.83X compared to AVAV's 6.47X [15] - LHX is positioned as the stronger stock due to its diversified operations, steady growth, and attractive valuation, making it a better option for investors seeking growth and reliability in the defense sector [17]

L3Harris Stock Tumbles on Earnings. What's Frightening Investors. - Barron'sSkip to Main ContentThis copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.# L3Harris Stock Rises. Guidance Was Confusing.By [Mackenzie Tatananni]and [Al Root]ShareResize---ReprintsIn this article[LHX][S ...

Financial Data and Key Metrics Changes - Revenue for 2025 was $21.9 billion, representing a 5% organic growth, with adjusted segment operating margin at 15.8%, up 40 basis points [16] - Non-GAAP EPS increased to $10.73, an 11% rise over 2024, while adjusted free cash flow grew to $2.8 billion, over 20% increase [16] - For Q4, revenue was $5.6 billion, up 6% organically, with a segment operating margin of 15.7%, also up 40 basis points [16] Business Line Data and Key Metrics Changes - Communications Systems (CS) delivered $5.7 billion in revenue for 2025, with a margin of 25.2%, reflecting 4% growth and 50 basis points margin expansion [17] - Integrated Mission Systems (IMS) reported $6.6 billion in revenue, achieving 8% organic growth with a margin of 12.2% [17] - Space and Airborne Systems (SAS) generated $6.9 billion in revenue, with a margin of 12.3% [18] - Aerojet Rocketdyne achieved 12% organic revenue growth, exceeding $2.8 billion with a margin of 12.5% [19] Market Data and Key Metrics Changes - The company ended 2025 with a record backlog and order book exceeding $38 billion, with a Book-to-Bill ratio of 1.3 [11] - Key wins included a $2.2 billion award from South Korea for next-generation airborne early warning jets and an $850 million SDA contract for 18 satellites [12][14] Company Strategy and Development Direction - The company is focusing on evolving its business by aligning its portfolio with fast-growing defense priorities and pursuing strategic partnerships [4][5] - Plans include an IPO for the missile solutions business in the second half of 2026, with the Department of War as an anchor investor [5][20] - The company aims to enhance production capacity for critical missile programs and has begun construction to expand capacity on solid rocket motors [8] Management's Comments on Operating Environment and Future Outlook - Management highlighted a complex and rapidly evolving defense environment, emphasizing the importance of speed and execution [8] - The company anticipates continued strong demand for its products, with expectations of double-digit growth for the missile solutions business [30] - The 2026 guidance includes revenue expectations of $23 billion to $23.5 billion, representing 7% organic growth [20] Other Important Information - The company has reorganized its business segments from four to three to better align technology and business models [4] - The company has exceeded its LHX NeXt $1 billion savings commitment one year ahead of schedule [14] Q&A Session Summary Question: Long-term agreements for Missile Solutions - Management confirmed ongoing discussions with the Department of War regarding long-term agreements and expressed optimism about the growth potential of the missile solutions business [26][27] Question: CapEx expectations - Management indicated a planned increase in CapEx to about 2.5% of sales for 2026, with a focus on modernizing production lines [32][33] Question: Government stake in Missile Solutions - Management clarified that the government is expected to hold a single-digit equity ownership stake in the Missile Solutions business [40] Question: Revenue outlook for RemainCo - Management projected solid mid-single-digit growth for RemainCo, with expectations of leveraging a potentially larger defense budget in 2027 [46][49] Question: Production plans and competitive landscape in space - Management discussed the importance of speed and scale in satellite production and highlighted the company's investments in new facilities to meet demand [80][82] Question: Sustainability of CSD margins - Management expressed confidence in maintaining healthy margins for the Communications and Spectrum Dominance segment, with potential for future margin expansion [72][76]

L3harris Technologies (NYSE:LHX) Q4 2025 Earnings call January 29, 2026 10:30 AM ET Company ParticipantsChris Kubasik - CEOKen Bedingfield - CFOKristine Liwag - Executive DirectorMyles Walton - Managing DirectorNoah Poponak - Managing Director and Equity ResearchRobert Stallard - PartnerScott Mikus - Director of Aerospace, Defense and Space ResearchSeth Seifman - Executive DirectorSheila Kahyaoglu - Managing DirectorTony Calderon - VP of Investor Relations and Corporate DevelopmentConference Call Participan ...

Financial Data and Key Metrics Changes - Revenue for 2025 was $21.9 billion, representing a 5% organic growth, with adjusted segment operating margin at 15.8%, up 40 basis points from 2024 [14][15] - Non-GAAP EPS increased to $10.73, an 11% rise year-over-year, while adjusted free cash flow grew to $2.8 billion, over 20% increase [14][15] Business Line Data and Key Metrics Changes - Communications Systems (CS) generated $5.7 billion in revenue for 2025, with a margin of 25.2%, reflecting 4% growth and 50 basis points margin expansion [16] - Integrated Mission Systems (IMS) reported $6.6 billion in revenue, achieving 8% organic growth with a margin of 12.2% [16] - Space and Airborne Systems (SAS) had revenue of $6.9 billion and a margin of 12.3% for 2025, with Q4 revenue slightly up due to increased FAA volume [17] - Aerojet Rocketdyne delivered 12% organic revenue growth, exceeding $2.8 billion, with a margin of 12.5% [18] Market Data and Key Metrics Changes - The company ended 2025 with a record backlog exceeding $38 billion and a Book-to-Bill ratio of 1.3 [10] - Key awards included a $2.2 billion contract from South Korea for airborne early warning jets and an $850 million SDA contract for missile defense satellites [11][12] Company Strategy and Development Direction - The company is focusing on aligning its portfolio with defense priorities, including a recent divestiture of a majority stake in its civil space propulsion business to enhance focus on military needs [3][4] - Plans for an IPO of the missile solutions business in 2026 are underway, with the Department of War as an anchor investor [4][19] - The company aims to increase production capacity for missile systems and solid rocket motors to meet growing demand [5][6] Management's Comments on Operating Environment and Future Outlook - Management highlighted a complex and rapidly evolving defense environment, emphasizing the need for speed and execution [7][9] - The company anticipates a 7% organic growth for 2026, supported by a robust order outlook and record backlog [12][20] - Management expressed confidence in meeting future demand and maintaining operational agility [24][25] Other Important Information - The company has reorganized its business segments from four to three to better align technology and business models [4] - The 2026 guidance includes expected revenue of $23 billion to $23.5 billion, with a segment operating margin anticipated to be in the low 16% range [20][21] Q&A Session Summary Question: Long-term agreements for Missile Solutions - Management confirmed ongoing discussions with the Department of War regarding long-term agreements and expressed optimism about the growth potential of the Missile Solutions business [26][27][30] Question: CapEx expectations - Management indicated a planned increase in CapEx to $600 million for 2026, emphasizing the need for investment to modernize production capabilities [32][34] Question: Government stake in Missile Solutions - Management clarified that the government is expected to hold a single-digit equity stake in the Missile Solutions business post-IPO [39] Question: Revenue outlook for RemainCo - Management projected solid mid-single-digit growth for RemainCo, with expectations of leveraging a potentially increased defense budget in 2027 [44][46] Question: Production plans and competitive landscape in space - Management discussed the ramp-up of production capabilities in new facilities and the competitive landscape for satellite contracts, emphasizing the importance of speed and scale [78][80]