L3harris Technologies (NYSE:LHX) Update / briefing January 13, 2026 09:00 AM ET Company ParticipantsChris Kubasik - Chairman and CEOTony Calderon - VP of Investor Relations and Corporate DevelopmentKen Bedingfield - CFORobert Stallard - PartnerNoah Poponak - Managing DirectorKristine Liwag - Executive DirectorDouglas Harned - Managing DirectorConference Call ParticipantsJohn Godyn - AnalystSheila Kahyaoglu - Equity Research AnalystMyles Walton - Senior AnalystGautam Khanna - AnalystOperatorGreetings and wel ...

INVESTOR UPDATE PRESENTATION January 13 , 2026 L3HARRIS Investor Update Call 1 L3HARRIS ACCELERATES THE 'ARSENAL OF FREEDOM' New company capital deployment focused on growth (CAPEX and R&D), no dividend or share repurchase expected in the near -term L3HARRIS Investor Update Call 2 SRM – Solid Rocket Motors, EO/IR – Electro -Optical / Infrared, ISR – Intelligence Surveillance and Reconnaissance 1Sector includes the Space Propulsion and Power Systems majority stake that will be sold as previously announced on ...

Group 1 - Bernstein raised the target prices for several U.S. defense companies due to expected demand increase in 2026 [1] - Lockheed Martin's target price was increased from $545 to $586 [1] - L3Harris Technologies' target price was raised from $369 to $398 [1] - General Dynamics' target price was adjusted from $388 to $398 [1]

格隆汇1月13日｜美国国防承包商L3Harris Technologies(LHX.US)盘前大涨13%，此前该公司宣布获得美 国国防部10亿美元的拟议投资，以大幅提升为美国及其盟友关键导弹提供动力的固体火箭发动机产能。 ...

美国国防承包商L3Harris Technologies(LHX.US)周二盘前股价飙升13%，此前该公司宣布获得美国国防 部10亿美元的拟议投资，以大幅提升为美国及其盟友关键导弹提供动力的固体火箭发动机产能。 其他国防承包商股价亦小幅上扬，包括通用动力(GD.US)、RTX(RTX.US)、洛克希德.马丁(LMT.US)和 诺斯罗普.格鲁曼(NOC.US)。 交易完成后，L3Harris将保留对导弹解决方案业务的控股权。公司将于美东时间周二上午9点举行投资 者会议，讨论此次合作。 根据协议，L3Harris与国防部机构达成一项拟议投资，将通过可转换优先证券的形式向其导弹解决方案 业务注资10亿美元，该证券在后续首次公开募股时将转换为普通股。 按照此交易，L3Harris计划在2026年下半年将导弹解决方案业务单元分拆上市，成立一家专注于关键推 进系统的独立公司。 L3Harris董事长兼首席执行官克里斯托弗.库巴西克表示："我们正通过打造一家纯导弹解决方案提供 商，为构建当今的'自由军火库'采取行动。近期特朗普政府的举措再次强调，在经历30年的整合浪潮 后，必须加强国防工业基础并重振竞争。在L3Harris ...

Core Insights - The U.S. government is set to invest $1 billion in L3Harris Technologies' rocket motor business, ensuring a reliable supply of rocket motors essential for various missile systems, including Tomahawks [1] Company Summary - L3Harris Technologies will receive a significant investment from the U.S. government, which aims to bolster its rocket motor production capabilities [1] - The investment is intended to secure a steady supply of rocket motors that are critical for national defense applications [1] Industry Summary - The funding reflects the government's commitment to maintaining a robust defense industry, particularly in the area of missile technology [1] - The investment in rocket motors is part of a broader strategy to enhance military readiness and ensure the availability of key defense components [1]

The president ordered future contracts to ensure base salaries for defense company CEOs are capped at current levels if contractors fail to perform. ...

Core Insights - US defense stocks are experiencing a strong start in 2026, continuing the positive momentum from the previous year due to rising geopolitical tensions and increased military spending plans [1][6] Company Performance - Contractors L3Harris Technologies Inc. and Huntington Ingalls Industries Inc. have seen an 11% increase in stock prices during the first five trading days of 2026, partly driven by a rally following the US military operation in Venezuela [2] - Major peers like Northrop Grumman Corp. and Lockheed Martin Corp. have risen approximately 4% or more, while drone manufacturer AeroVironment Inc. has surged over 40% [2] - L3Harris advanced 40% and Northrop gained 22% last year, attracting investors due to the promise of rising global security spending [4] Market Trends - The defense sector has been a focus for investors since the geopolitical landscape shifted following Russia's invasion of Ukraine, with increased emphasis on security spending [6] - The recent gains in defense stocks are supported by a more hawkish US administration and reasonable valuations, presenting an attractive risk-reward scenario for investors [5] Global Market Movement - European defense stocks such as BAE Systems Plc and Rheinmetall AG have also advanced, with shares up 5% and 1.4% respectively, while Asian defense stocks like Hanwha Aerospace Co. and Aerospace Industrial Development Corp. have shown similar upward trends [5]

Core Viewpoint - U.S. defense companies face pressure from President Trump to halt dividends and share buybacks until production is accelerated, highlighting a shift in priorities towards national defense over investor returns [1] Group 1: Defense Companies' Financial Activities - Lockheed Martin paid dividends of $3.30 per share for Q1 to Q3 2025, with a slight decrease to $3.45 in Q4 2025, and cumulative dividend payments reached $2.3 billion by September 2024, alongside $2.3 billion in share repurchases [2] - RTX's dividends were $0.68 per share for Q1 to Q3 2025, decreasing to an estimated $0.66 in Q4 2025, with cumulative dividend payments of $2.7 billion by Q3 2024 and $50 million in share repurchases [2] - Northrop Grumman's dividends were $2.31 per share for Q1 to Q3 2025, decreasing to an estimated $2.30 in Q4 2025, with cumulative dividend payments of $964 million by Q3 2024 and $1.17 billion in share repurchases [3] - L3Harris Technologies paid dividends of $1.20 per share for Q1 to Q3 2025, increasing to an estimated $1.25 in Q4 2025, with cumulative dividend payments of $678 million by Q3 2024 and $998 million in share repurchases [4] - General Dynamics paid dividends of $1.50 per share for Q1 to Q3 2025, decreasing to an estimated $1.48 in Q4 2025, with cumulative dividend payments of $1.19 billion by Q3 2024 and $600 million in share repurchases [4] Group 2: Boeing's Financial Status - Boeing suspended dividends and share buybacks in March 2020, and these remain on hold despite the lifting of the flight ban on its 737 MAX in November 2020 [3]

Core Insights - Defense contractors' shares surged following President Trump's proposal to significantly increase the military budget to $1.5 trillion for 2027, up from $1 trillion [1][6] Group 1: Stock Performance - Shares of Lockheed Martin (LMT), Huntington Ingalls (HII), and L3 Harris (LHX) rose over 7%, leading gains in the S&P 500 index [2] - General Dynamics (GD) and Northrop Grumman (NOC) saw increases of more than 4%, while RTX Corp. (RTX) gained 2% [2] Group 2: Budget Details - The Department of Defense had a budget of $850 billion in fiscal 2025, which was an increase of $34 billion from the previous year [3] - The White House proposed an increase of over $113 billion for the fiscal 2026 defense budget [3] - Trump's proposed budget represents a roughly 50% increase from the current budget levels [3] Group 3: Market Reactions - The gains in defense stocks on Thursday reversed losses from the previous day, when Trump criticized companies for spending on stock buybacks and dividends instead of enhancing manufacturing processes [4]