L3harris Technologies (NYSE:LHX) 2026 Investor Day February 25, 2026 09:00 AM ET Company ParticipantsChristopher Kubasik - Chair and CEOJohn Kendall - Operations AssociateJon Rambeau - President of Communications and Spectrum DominanceKen Bedingfield - SVP, CFO, and President of Missile SolutionsKristine Liwag - Executive DirectorSam Mehta - President of Space and Mission SystemsSeth Seifman - Executive DirectorTania Hanna - VP Government and Customer RelationsNone - Video NarratorConference Call Participan ...

Group 1 - L3Harris Technologies Inc. is benefiting from increased geopolitical spending in the defense and aerospace sector [1] - UBS has reiterated a Neutral rating on L3Harris with a price target of $323, highlighting a $1 billion investment from the Department of Defense in its missile solution business [1][2] - Bernstein analysts have given an Outperform rating with a price target of $398, noting the company's intention to retain a majority stake in the Missile Solutions business during its planned IPO [3] Group 2 - The $1 billion investment will enhance L3Harris's production capabilities for solid rocket motors, aligning with the anticipated increase in capital expenditure within the industry [2] - L3Harris Technologies provides advanced solutions across military, government, and commercial sectors, focusing on integrating various domains for national security and exploration [4]

Core Insights - L3Harris Technologies, Inc. (NYSE:LHX) is recognized as one of the top 10 defense stocks to buy in the S&P 500, with recent price target increases from UBS and RBC Capital [1][2] Price Target Adjustments - UBS raised its price target for L3Harris from $323 to $349 while maintaining a Neutral rating [1] - RBC Capital increased its price target from $315 to $360 and reiterated a Sector Perform rating, highlighting a recent partnership with the Department of War (DoW) [2] Partnership and Investment - The partnership with the DoW involves a $1 billion convertible preferred security investment in L3Harris's rocket motor business, aligning with the DoW's 'Arsenal of Freedom' initiative [3] - This investment aims to ensure a stable supply of motors for missile programs and is part of a broader trend of U.S. government investments in corporate entities during President Trump's second term [3] Future Plans - L3Harris plans to conduct an IPO for its Missile Solutions business in the latter half of 2026, at which point the $1 billion security will convert to common equity [3] Recent Contracts - On January 14, L3Harris was awarded a multi-year contract by the U.S. Navy and Marines to deliver 34 T7 Robots, enhancing explosive ordnance disposal capabilities, with deliveries expected to start this year [4] Market Outlook - Wall Street has a positive outlook on L3Harris, with a consensus Strong Buy rating and a one-year average share price target of $361, indicating an upside potential of 4.20% as of January 19 [4]

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Core Insights - L3Harris Technologies, Inc. (LHX) is expected to report second-quarter 2025 results on July 24, 2025, before market open, with a trailing four-quarter average earnings surprise of 2.27% [1] - The Integrated Mission Systems (IMS) segment is anticipated to show weak performance due to lower aircraft missionization volume and planned mission support program ramp down [1] - Overall, LHX is projected to report modest top-line growth, although a significant decline in its IMS unit may weigh on its overall performance [7] Revenue Estimates - The Zacks Consensus Estimate for IMS' second-quarter revenues is currently pegged at $1,581.9 million, indicating a decline of 8.5% from the year-ago quarter's figure [2] - The Communication Systems unit's revenues are estimated at $1,387.3 million, implying growth of 3.1% from the prior-year quarter's figure due to strong international demand for resilient communication equipment [3] - The Missile Solutions unit within Aerojet Rocketdyne is expected to report revenues of $662.4 million, reflecting a growth of 14% from the prior-year quarter [4] - The Space and Airborne Systems (SAS) unit's revenues are estimated at $1,737.3 million, indicating growth of 1.8% from the year-ago quarter's number [6] Overall Performance Expectations - LHX's overall second-quarter sales are projected at $5.30 billion, indicating a growth of 0.1% from the prior-year quarter [9] - Earnings are projected to decline by 23.5% year-over-year, despite a slight increase in total sales [8][10] - Poor operating margin performance in the IMS, SAS, and Aerojet Rocketdyne segments, along with unfavorable non-cash non-service FAS pension income, may adversely impact LHX's second-quarter bottom line [9] Earnings Prediction - The model predicts an earnings beat for L3Harris Technologies, supported by a positive Earnings ESP of +0.46% and a Zacks Rank of 3 [11][12]