L3Harris Technologies, Inc. Price & Performance (LHX)

L3Harris Technologies has begun delivering operationally configured Skyraider II planes, with the U.S. Air Force planning to acquire 62 units by 2029. Priced under $50 million each, the aircraft has attracted interest from 22 overseas buyers. This program could generate $580 million in revenue for L3Harris this year.12

The Kratos-Rafael partnership has launched Prometheus Energetics, a $175 million facility in Indiana to enhance U.S. solid rocket motor production. This initiative addresses national security needs and reduces reliance on foreign suppliers, potentially reshaping the domestic defense supply chain.34

Short interest in L3Harris Technologies has risen to 1.9% of its float, reflecting growing bearish sentiment. Despite this, the company’s focus on defense innovations, including missile tracking and space-based systems, positions it well for long-term growth. Analysts remain cautiously optimistic about its prospects.56