Stocks · News reference
L3Harris Wins $250M Follow-On Contract From Lockheed Martin To Produce GMLRS Rocket Propulsion Units
L3Harris Technologies (NYSE:LHX) has been awarded a follow-on contract from Lockheed Martin, valued at $250 million, to manufacture standard-range Guided Multiple Launch Rocket System (GMLRS) propulsion units.
Reference Details
Connected Markets
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
- Source
- benzinga
- Observed
- Checked
- Cadence
- Captured once, then retained as an archive reference
- Status
- fresh
Keep reading
Related Headlines
Bernstein Maintains Outperform on L3Harris Technologies, Lowers Price Target to $318
Bernstein analyst Douglas Harned maintains L3Harris Technologies (NYSE:LHX) with a Outperform and lowers the price target from $346 to $318.
Global Cyber Warfare Market Size and Forecast to 2031 | AI-Driven Defense, Space Security, and Cloud Adoption Fuel 14.1% CAGR and a USD 28.75 Billion Opportunity
The global cyber warfare market is projected to grow from USD 14.99 billion in 2026 to USD 28.75 billion by 2031, with a CAGR of 14.1%. Growth is driven by increasing cyber threats to military networks, AI-driven defense solutions, space-based security demands, and defensive cyber operations. The Middle East is positioned for the second-highest regional growth rate.
L3Harris Technologies, Divergent Technologies Sign Agreement To Use Divergent’s Additive Production Processes For L3Harris' Wolf Pack Family Of Munitions
BWX Technologies vs. Rocket Lab: Should You Go Nuclear or Go to Space in Your Portfolio?
The article compares BWX Technologies and Rocket Lab as investment options, presenting a value versus growth dilemma. BWX offers stability through nuclear infrastructure contracts with the U.S. government and benefits from the nuclear power renaissance, trading at a reasonable 28.6x forward P/E with positive cash flow. Rocket Lab provides high-growth potential with 38% revenue growth but currently burns cash and trades at a premium 191.8x forward P/E, with its $8 billion Iridium acquisition adding complexity. The author recommends BWX Technologies as the better 2026 investment due to its essential role in Navy contracts, reasonable valuation, and predictable profitability.
Why Lockheed Martin Stock Keeps Going Up
UBS analyst Gavin Parsons upgraded Lockheed Martin to 'buy' with a $674 price target, predicting 26% upside driven by strong missile and defense sales growth. The analyst expects Lockheed's Missiles and Fire Control division to grow 20% annually through 2030, with sales of PAC-3 Patriot, THAAD, and JASSM/LRASM missiles adding billions in revenue. Since the division has higher profit margins (13%) than the company average (10.7%), profit growth could exceed Wall Street's 17% prediction, making the stock attractive at under 20x earnings.