Core Viewpoint - Morgan Stanley upgraded L3Harris Technologies to Overweight from Equalweight, raising the price target to $367 from $350 due to strong operating momentum heading into 2026 [1] Group 1: Company Positioning - L3Harris is well positioned for the future of warfare with limited disruption risk from emerging defense technology players, attributed to its platform-agnostic strategy [1] - The absence of major program disruptions at L3Harris contrasts with some peers who have faced challenges in recent quarters [1] Group 2: Financial Metrics - L3Harris is considered the most attractive among large defense primes based on projected revenue, earnings per share, and free cash flow per share growth from 2025 through 2028 [2] - Despite a positive outlook, L3Harris stock is trading at the lowest valuation in its peer group on a 2027 free-cash-flow-to-sales basis, at approximately 16x compared to a peer median of around 18x [2] Group 3: Potential Catalysts - Potential catalysts for L3Harris into 2026 include opportunities related to the Golden Dome program and improving output at Aerojet Rocketdyne [2]

Core Viewpoint - Elbit Systems Ltd. will publish its third quarter 2025 financial results on November 18, 2025, and will host a conference call to discuss these results [1][2]. Financial Results Announcement - The financial results will be released on November 18, 2025, at 9:00 AM ET [1]. - A conference call will be held on the same day to review and discuss the results, with management available for questions [2]. Company Overview - Elbit Systems is a leading global defense technology company, providing advanced solutions for security and safety [4]. - The company employs approximately 20,000 people across five continents and reported revenues of $1,973 million for the three months ended June 30, 2025 [5]. - As of June 30, 2025, Elbit Systems had an order backlog of $23.8 billion [5].

Core Points - Sikorsky, a Lockheed Martin company, has received a $10.855 billion contract from the U.S. Navy to produce up to 99 CH-53K King Stallion helicopters for the U.S. Marine Corps over five years, marking the largest order for this aircraft to date [1][3] - The contract aims to ensure consistent deliveries of the CH-53K helicopters from 2029 to 2034, stabilizing the U.S. industrial base and sustaining thousands of production jobs at Sikorsky and its supply chain [1][3] - The contract consolidates five separate aircraft orders into a multi-year procurement, enhancing price predictability and ensuring a steady flow of materials from 267 suppliers across 37 states and 17 international suppliers [3] Production and Delivery - Sikorsky has delivered 20 CH-53K helicopters to the U.S. Marine Corps, with an additional 63 helicopters currently in various stages of production and assembly [3] - The U.S. Marine Corps has transitioned one CH-53K fleet squadron and has operational and training squadrons supporting its requirements [3] Strategic Importance - The CH-53K helicopter is designed to meet the Marine Corps' lift requirements in modern battlefields, capable of transporting troops, supplies, and heavy equipment while ensuring survivability [3] - The Department of the Navy declared Full Rate Production for the CH-53K program in December 2022, with a Program of Record for 200 aircraft [3]

Group 1 - Lockheed Martin will host a live webcast for its second quarter 2025 earnings results on July 22, 2025, at 11 a.m. ET [1] - The conference call will feature key executives including James Taiclet, Evan Scott, and Maria Ricciardone discussing the earnings results and providing updates on important topics [1] - The second quarter 2025 results will be released before the market opens on July 22 [1] Group 2 - The live webcast and accompanying presentation slides will be available on Lockheed Martin's investor website prior to market opening [2] - An on-demand replay of the webcast will be accessible until August 5, 2025 [2] - Additional information can be found on Lockheed Martin's official website [2] Group 3 - Lockheed Martin is a global defense technology company focused on innovation and scientific discovery [3] - The company aims to deliver transformative technologies to maintain a competitive edge in security [3]