Next - generation naval systems
Search documents
What's Going On With L3Harris Stock Today? - L3Harris Technologies (NYSE:LHX)
Benzinga· 2026-02-18 18:13
Core Insights - L3Harris Technologies secured a significant submarine communications production award, enhancing its role in next-generation naval systems and increasing long-term revenue visibility related to U.S. defense programs [1][3] - The company recently obtained a nearly $400 million contract for solid rocket boost motors and LDACS for the THAAD interceptor system [2] Contract Details - The contract won from General Dynamics Electric Boat is the largest full-rate communications systems contract for L3Harris, covering multiple submarine shipsets for the next decade [3] - The deal includes production for Virginia-class and Columbia-class submarines, with deliveries expected through 2033 [3] - Future Columbia-class platforms and allied fleets may receive additional support under this program framework [3] Technological Advancements - The advanced systems are designed to improve connectivity and situational awareness for underwater crews operating in complex environments [4] - The ability for submarines to operate undetected is crucial for the U.S. Navy's strategic advantage, as emphasized by L3Harris executives [5] Defense Ecosystem Context - This award builds on decades of collaboration between L3Harris and U.S. naval programs, including legacy submarine platforms [5] - Virginia-class vessels are focused on fast-attack missions, while Columbia-class submarines will serve as the foundation for next-generation sea-based deterrence capabilities [6] Market Reaction - Following the announcement, L3Harris Technologies shares increased by 1.82%, reaching $352.87 [6]