L3Harris Technologies, Inc. (LHX) Backlog Growth Drives Higher Price View at Bernstein

Core Insights - L3Harris Technologies, Inc. is recognized as one of the 12 Unstoppable Dividend Stocks to buy according to analysts [1] - Bernstein raised its price target for L3Harris from $398 to $405, maintaining an Outperform rating, citing strong Q4 results and increased backlog [2] - The company secured a U.S. Navy contract for developing Red Wolf vehicles, a long-range missile system aimed at enhancing the Marine Corps' precision-strike capabilities [3] Company Overview - L3Harris Technologies provides technology solutions across various domains including space, air, land, sea, and cyber, supporting national security [4] Recent Developments - The Red Wolf missile system is designed to target moving objects at distances exceeding 200 nautical miles, reinforcing the U.S. military's deterrence strategy in the Pacific [3] - The company introduced the Red Wolf alongside another missile system, Green Wolf, as cost-effective strike options to support military readiness [3]