Looking into the current session, L3Harris Technologies Inc. (NYSE:LHX) shares are trading at $281.30, after a 0.12% drop. Over the past month, the stock fell by 6.64%, but over the past year, it actually spiked by 23.06%. With questionable short-term performance like this, and great long-term performance, long-term shareholders might want to start looking into the company's price-to-earnings ratio. A Look at L3Harris Technologies P/E Relative to Its CompetitorsThe P/E ratio measures the current share price ...

Valued at a market cap of $52.1 billion, L3Harris Technologies, Inc. (LHX) is a leading American aerospace and defense technology company. Headquartered in Melbourne, Florida, it provides advanced mission-critical solutions across air, land, sea, space, and cyber domains. The company specializes in communication systems, avionics, surveillance and reconnaissance equipment (ISR), electronic warfare, space systems, and missile propulsion through its Aerojet Rocketdyne division. Companies valued at $10 billi ...

L3 Harris has been one of the big winners this year. It's up over 30% but basically flat over the past three months along with much of the defense sector as investors grapple with impact from the government shutdown. Uh spending uncertainty, possible changes to how the Pentagon awards its contracts.Joining me here exclusively at the Reagan National Defense Forum is L3 Harris chair and CEO Chris Kubes. Chris, it's great to speak with you. >> Great to be here.Thank you. You know, back in January, you you were ...

Group 1: Company Performance and Strategy - L3 Harris has seen a significant increase in stock value, up over 30% this year, although it has remained flat over the past three months due to uncertainties in government spending and potential changes in Pentagon contract awards [1] - The company has transformed its operations over the past two years, focusing on AI, affordability, accountability, innovation, and speed, aligning with the Pentagon's goals for procurement reform [4][3] - L3 Harris has invested hundreds of millions of dollars to increase production capacity, particularly in solid rocket motors, and has successfully turned around the performance of Aerojet Rocketdyne, which has tripled in value [7][8] Group 2: Industry Trends and Opportunities - The Pentagon is looking to overhaul its procurement process, which is seen as a necessary step to address increasing threats faced by the U.S. and its allies [3][2] - There is a growing emphasis on multi-year contracts to empower the defense industrial base and support warfighters, which L3 Harris is eager to engage with [5] - The company is actively partnering with startups and has equity positions in over 70 venture-backed companies to enhance innovation and technology integration [10] Group 3: Future Outlook - L3 Harris is well-positioned to capitalize on upcoming contract awards related to missile warning and tracking, with numerous satellites in orbit and a strong backlog [12][13] - The company views itself as a commercial defense technology entity, with a significant portion of its revenue derived from commercial business models, which it believes will be crucial as threats evolve [14][16] - The focus on commerciality is expected to be a key theme in future discussions, with L3 Harris having invested $2 billion in software-defined radios over the past 20 years [15]

Core Insights - L3Harris Technologies, Inc. has signed a memorandum of understanding with EDGE Group to enhance their defense partnership in the UAE, focusing on AI and autonomy [2][3] - The partnership aims to improve the UAE's defense capabilities and expand L3Harris' presence in the Middle East, where it has been active for 35 years [2] - L3Harris is investing $400 million in a new solid rocket motor production facility in Arkansas, responding to increased demand due to ongoing conflicts in Ukraine and the Middle East [3] Company Developments - The collaboration with EDGE Group is part of L3Harris' "Trusted Disruptor" strategy, emphasizing the importance of partnerships in developing advanced solutions for emerging threats [3] - The new production facility in Arkansas represents a significant expansion for L3Harris in the U.S. market, indicating a strategic response to global defense needs [3] Market Position - L3Harris Technologies is recognized as one of the top drone stocks to buy currently, reflecting its strong position in the defense technology sector [1]

Summary of Thematic Stock Exposures in the Global Defense Ecosystem Industry Overview - The global defense industry is experiencing increased spending due to heightened geopolitical tensions and modernization of military technology across major economies, including Europe, Japan, South Korea, and the U.S. [1][2] Key Companies and Their Insights Prime Contractors & Integrated Defense Systems 1. **L3Harris Technologies (LHX)**: Expected to outgrow large-cap defense peers with strong international growth, particularly in tactical communication. Partnerships with Anduril and GM Defense highlight its integration capabilities [22] 2. **Northrop Grumman (NOC)**: Valuation premium reflects long-term growth visibility, but caps upside potential [23] 3. **Lockheed Martin (LMT)**: Risks from the U.S. Department of Defense potentially looking beyond traditional primes for hardware and technology [24] 4. **Boeing (BA)**: Positioned for long-term cash flow growth with substantial contributions from defense, despite near-term choppiness [25] 5. **Embraer (EMBJ)**: Significant growth in defense revenue (up 27% YoY) and services (up 16% YoY) [28] 6. **RTX (RTX)**: Medium-term growth potential in missile business, but funding and capacity questions remain [29] 7. **General Dynamics (GD)**: Mixed performance across segments, despite raising 2025 guidance [30] 8. **Bombardier (BBD__B.TO)**: Potential for substantial free cash flow growth, but recent performance raises concerns [31] 9. **Textron (TXT)**: Mixed fundamentals with solid demand but constrained supply chains [32] 10. **Leonardo DRS (DRS)**: Positioned well in the U.S. defense budget with a focus on critical areas [33] 11. **Honeywell International (HON)**: Mid-single-digit growth expected in defense, tied to well-funded programs [36] European Defense Companies 1. **Airbus (AIR.PA)**: Strong earnings in defense & space segment (+14% YoY) and positive outlook due to easing supply chain bottlenecks [37] 2. **Thales (TCFP.PA)**: High-quality defense business but facing headwinds in cyber & digital sectors [38] 3. **Leonardo Spa (LDOF.MI)**: Broad-based European defense play with potential upside from increased Italian defense spending [39] 4. **BAE Systems (BAES.L)**: Strong demand illustrated by a backlog of ~£80bn, with a focus on defense-related revenue [42] 5. **Rheinmetall (RHMG.DE)**: Aligned with regional defense capability gaps, supported by fiscal headroom in Germany [43] Asian Defense Companies 1. **Kawasaki Heavy Industries (7012.T)**: Attractive growth opportunity in aerospace/defense at a cheap valuation [44] 2. **Mitsubishi Heavy Industries (7011.T)**: Long-term growth supported by defense and energy businesses [45] 3. **Bharat Electronics (BAJE.BO)**: Strong position as a supplier for India's defense forces [48] 4. **Hanwha Aerospace (012450.KS)**: Significant backlog and export opportunities due to NATO's defense needs [62] 5. **Hyundai Rotem (064350.KS)**: Increased backlog supporting defense revenue growth [63] Connectivity & Detection 1. **Teledyne Technologies (TDY)**: Strong demand in aerospace and defense markets, with new contracts in development [72] 2. **Keysight Technologies (KEYS)**: Positioned to benefit from defense modernization and strong demand in aerospace [74] 3. **ITT (ITT)**: Meeting rising demand with innovative products in connectors [79] Additional Insights - The report emphasizes the importance of geopolitical factors driving defense spending and highlights various companies across different segments of the defense industry, including prime contractors, specialized components, and IT providers [1][2][4] - Analysts encourage further exploration of the dedicated page for more coverage and insights from research teams [2] Conclusion - The global defense ecosystem is poised for growth driven by geopolitical tensions and modernization efforts, with various companies positioned to capitalize on these trends. The report provides a comprehensive overview of key players and their strategic positions within the industry.

A long-range vertical takeoff and landing (VTOL) air taxi under development by Joby Aviation has completed its first successful flight using a turbine-electric engine. Lifting off from the company's site in Marina, California, the aircraft pairs a hybrid turbine powertrain with the company's proprietary autonomy software - the SuperPilot autonomous stack - which extends range while increasing payload capacity, according to Joby. It includes capabilities such as: Real-time sensor fusion (radar, LiDAR, vision ...

Core Viewpoint - BNP Paribas Exane initiates coverage on 12 U.S. aerospace and defense companies, suggesting selective investment due to pressures in commercial aviation and anticipated growth in defense spending by 2026 [1] Commercial Aviation - The firm prefers parts and subsystem suppliers over large OEMs, favoring companies like Raytheon (RTX.US), TransDigm (TDG.US), and AeroVironment (AVAV.US) with positive ratings, while giving a negative outlook on Boeing (BA.US) and GE Aerospace (GE.US) [1][3][4][5] Defense Sector - Exane expects U.S. budget decisions in 2026 to drive demand, listing Lockheed Martin (LMT.US), Northrop Grumman (NOC.US), and AeroVironment (AVAV.US) as preferred picks [1] Company Ratings - **AeroVironment (AVAV.US)**: Outperform, positioned at the core of U.S. defense priorities with expected double-digit growth in its AxS segment [1] - **TransDigm (TDG.US)**: Outperform, with anticipated profit margin improvements in 2026 and 2027, and a projected special dividend of $100 next year [2][3] - **Raytheon (RTX.US)**: Outperform, expecting improved output from Collins Aerospace and growth in Pratt & Whitney [4] - **GE Aerospace (GE.US)**: Underperform, with concerns over declining aftermarket revenue and increasing losses in the GE9X project [5] - **L3Harris Technologies (LHX.US)**: Neutral, with limited room for valuation expansion despite benefits from missile defense projects [6] - **Boeing (BA.US)**: Underperform, with overly optimistic expectations on aircraft production and cash flow [7] - **Lockheed Martin (LMT.US)**: Outperform, driven by missile projects and international demand [8] - **Kratos Defense (KTOS.US)**: Neutral, with high valuation concerns despite broad defense technology coverage [9] - **General Dynamics (GD.US)**: Outperform, with expected improvements in various sectors including Gulfstream jets and shipbuilding [10] - **Northrop Grumman (NOC.US)**: Outperform, with anticipated growth in multiple projects as they transition to procurement phases [11] - **Howmet Aerospace (HWM.US)**: Outperform, with strong performance in pricing and market share [12] - **Heico (HEI.US)**: Neutral, with cautious outlook due to high valuation and potential slowdown in acquisitions [13]

With a market cap of $53.4 billion, L3Harris Technologies, Inc. (LHX) is a leading global provider of mission-critical solutions for government and commercial customers, operating across four segments: Space & Airborne Systems, Integrated Mission Systems, Communication Systems, and Aerojet Rocketdyne. The company delivers advanced technologies ranging from satellite payloads and ISR systems to tactical radios and space propulsion. Shares of the Melbourne, Florida-based company have outpaced the broader ma ...

Core Insights - L3Harris Technologies announced a $400 million investment in a new solid rocket motor production campus in Arkansas, representing one of the largest expansions in the U.S. defense sector [1] Company Summary - The investment by L3Harris Technologies is aimed at enhancing its production capabilities in the solid rocket motor segment, which is critical for defense applications [1] - This expansion is expected to create numerous jobs and contribute to the local economy in Arkansas [1] Industry Summary - The solid rocket motor market is experiencing significant growth, driven by increasing defense budgets and demand for advanced military technologies [1] - The investment reflects a broader trend of defense suppliers expanding their manufacturing capabilities to meet rising demand [1]