, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of L3Harris Technologies, Inc. ("L3Harris" or the "Company") (NYSE: LHX). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether L3Harris and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On August 17, 2026, L3Harris disclosed that Christopher Kubasik has stepped down as Chairman and Chief Executive Officer, effective immediately. L3Harris said that it had become aware of certain conduct by Kubasik that was not consistent with the values of the Company as outlined in its Code of Conduct.
On this news, L3Harris's stock price fell $13.44 per share, or 4.61%, to close at $278.38 per share on August 17, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
NEW YORK, Sept. 08, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of L3Harris Technologies, Inc. (“L3Harris” or the “Company”) (NYSE: LHX). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether L3Harris and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On August 17, 2026, L3Harris disclosed that Christopher Kubasik has stepped down as Chairman and Chief Executive Officer, effective immediately. L3Harris said that it had become aware of certain conduct by Kubasik that was not consistent with the values of the Company as outlined in its Code of Conduct.
On this news, L3Harris’s stock price fell $13.44 per share, or 4.61%, to close at $278.38 per share on August 17, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of L3Harris Technologies, Inc. ("L3Harris" or the "Company") (NYSE: LHX). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether L3Harris and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On August 17, 2026, L3Harris disclosed that Christopher Kubasik has stepped down as Chairman and Chief Executive Officer, effective immediately. L3Harris said that it had become aware of certain conduct by Kubasik that was not consistent with the values of the Company as outlined in its Code of Conduct.
On this news, L3Harris's stock price fell $13.44 per share, or 4.61%, to close at $278.38 per share on August 17, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
NEW YORK--(BUSINESS WIRE)---- $LHX #Harris--Scott+Scott Attorneys at Law LLP has launched an urgent investigation into whether certain officers and directors of L3Harris Technologies, Inc. (NYSE: LHX) failed to manage L3Harris in an acceptable manner, breaching their fiduciary duties to L3Harris, and whether L3Harris and its shareholders have suffered damages as a result. Attorney Joseph A. Pettigrew is heading the investigation—what shareholders need to know:On August 17, 2026, L3Harris announced it had entered.
PARSIPPANY, N.J., Sept. 02, 2026 (GLOBE NEWSWIRE) -- Marotta Controls, a rapidly growing aerospace and defense contractor, today announced two contract awards in support of the Next Generation Jammer – Low Band (NGJ-LB) Engineering and Manufacturing Development program for the U.S. Navy. The company will provide technical expertise for a ram air turbine power generation system under a subcontract with CFD Research Corporation, with a direct award from L3Harris Technologies (NYSE: LHX), the NGJ-LB prime contractor. Together, the wins mark Marotta's entry into the airborne electronic warfare market.
"This is a proud moment for our team. Contributing to two separate subsystems on the same Navy EW platform is a real testament to Marotta’s technology development process," said Adit Girdhari, Vice President, Business Development, Marotta Controls. "We've spent years developing and refining both our technologies, and it's gratifying to see them come together on a program this important to the warfighter."
Under the CFD Research subcontract, Marotta will supply the system for the Turbine Speed Control System within the NGJ-LB pod's ram air turbine power generation assembly.
The NGJ-LB is part of a larger NGJ system that will augment and ultimately replace the legacy AN/ALQ-99 Tactical Jamming System on the EA-18G Growler aircraft. Using the latest software and Active Electronically Scanned Array technologies, NGJ will provide enhanced Airborne Electronic Attack capabilities to disrupt, deny, and degrade enemy air defense and ground communication systems. The Navy awarded L3Harris a $587.4 million contract in August 2024 for NGJ-LB Engineering and Manufacturing Development, with operational prototype pods to be delivered to U.S. Naval Air Systems Command for fleet assessment and additional test assets for airworthiness and design verification over the next five years.
"Electronic warfare is a growth area for Marotta, and the NGJ-LB program is a strong foundation to build on," added Girdhari. "We look forward to supporting L3Harris, CFD Research, and the Navy as this system moves toward the fleet."
For more information about Marotta Controls and its longevity in the aerospace and defense sector, visit https://marotta.com/about/.
About Marotta Controls
Founded in 1943, Marotta Controls is a fully integrated solutions provider which designs, develops, qualifies, and manufactures innovative systems and sub-systems for the aerospace and defense sectors. Our portfolio includes pressure, power, motion, fluid, and electronic controls for tactical systems, shipboard and sub-sea applications, satellites, launch vehicles, and aircraft systems. With over 200 patents, Marotta Controls continues to build on its legacy as a highly respected, family-owned small business based in the state of New Jersey. X/Twitter: @marottacontrols LinkedIn: Marotta Controls, Inc.
NEW YORK, Sept. 01, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of L3Harris Technologies, Inc. (“L3Harris” or the “Company”) (NYSE: LHX). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether L3Harris and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On August 17, 2026, L3Harris disclosed that Christopher Kubasik has stepped down as Chairman and Chief Executive Officer, effective immediately. L3Harris said that it had become aware of certain conduct by Kubasik that was not consistent with the values of the Company as outlined in its Code of Conduct.
On this news, L3Harris’s stock price fell $13.44 per share, or 4.61%, to close at $278.38 per share on August 17, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
CAPE CANAVERAL, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE: LHX) has contributed key elements to NASA's successfully launched Nancy Grace Roman Space Telescope, an observatory designed to map the universe. The milestone also marks the culmination of more than a decade of engineering, innovation and collaboration between L3Harris and NASA's Goddard Space Flight Center. L3Harris provided the 2.4-meter Optical Telescope Assembly (OTA) for NASA, which serves as Roman's eye. The company also.
A veteran investor openly admits he wants SpaceX shares but refuses to touch them, and his reasoning points to a risk most retail investors are completely overlooking before the stock even opens for trading.
Andrew Sather, co-host of The Investing for Beginners Podcast, wants to own SpaceX, but he refuses to. On the episode AI, Space, and Defense: Separating Hype from True Moats, Sather ranked SpaceX last among the investment options discussed in the episode, and gave two blunt reasons: “One, I don’t buy IPOs. Two, there’s just too much unknown. We just got to let the price settle.”
Why SpaceX Is Testing One Investor’s Strictest Rule Sather’s discipline is to avoid buying at IPO as a standing rule, wait for price discovery, and separate enthusiasm from logic. Coverage of SpaceX’s lockup dynamics flagged roughly 911 million insider shares becoming eligible, substantially larger than the entire IPO, with the public float potentially tripling, and warnings from Robert Greifeld, CNBC’s Morgan Brennan, and JonesTrading’s Mike O’Rourke, who flagged the combined supply coming to the market of mega-cap listings such as SpaceX, Anthropic, and OpenAI.
The bull case exists too. Bernstein’s Doug Harned raised his SpaceX price target to $248 with an overweight rating on the orbital data center opportunity, and Jim Cramer has framed it as a long-term yes but a short-term wait. Cramer said on air that “the opening price, the closing price and everything in between are out of his hands” once shares hit the syndicate. As Andrew Sather put it, “People selling their shares, all that stuff, that always hits a stock really hard when it first IPOs.”
Only Three Public Space Companies Are Actually Profitable The host noted that only 3 publicly traded companies are actually running profitable space segments: Northrop Grumman (NYSE:NOC | NOC Price Prediction), Lockheed Martin (NYSE:LMT), and L3Harris Technologies (NYSE:LHX). He ruled out Blue Origin because they aren’t publicly traded today.
The host also shared a personal regret about selling Northrop Grumman to chase growth elsewhere, calling it “a stupid mistake” because “that stock’s done great and the growth that I thought I was buying into was not growth.”
Northrop Grumman Northrop Grumman reported Q2 2026 Space Systems revenue of $2.753 billion, up 4% year-over-year, with a second-quarter Space Systems operating margin of 8.6%. Full-year guidance calls for about $11 billion in Space Systems sales at margins in the low 10% range. National security space backlog stands at over $16 billion. Shares are down 2.61% year-to-date.
Lockheed Martin Lockheed Martin reported Q2 Space revenue of $3.496 billion, up 6% year-over-year, and now guides 2026 Space sales to between $13.85 billion and $14.05 billion. Full-year Space profit was trimmed to between $1.34 billion and $1.38 billion due to reduced ULA equity earnings tied to the Vulcan launch anomaly investigation. Programs include Orion, Next Generation Interceptor, and Fleet Ballistic Missile. Shares are up 17.9% year-to-date, with a trailing P/E of 21.
L3Harris Technologies L3Harris Technologies reported Space & Mission Systems revenue of about $3 billion, up 7%, with segment margin of 9.8%. Management raised Space & Mission Systems 2026 revenue guidance by $200 million to $11.7 billion on the AMDT-3 constellation win, and CEO Chris Kubasik said L3Harris is “the only company to be awarded all five contracts related to missile tracking” with a $9 billion pipeline over the next several years. Shares trade at a forward P/E of 23.
Key Takeaways SpaceX may eventually become a great public company, but that does not guarantee it will be a great investment today. Sather’s approach is to let the excitement fade and see where the stock trades when the dust settles.
In the meantime, Northrop Grumman, Lockheed Martin, and L3Harris offer investors immediate exposure to profitable space businesses without the uncertainty surrounding a blockbuster new listing.
Contact [email protected] for any questions or corrections.
NEW YORK, Aug. 25, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of L3Harris Technologies, Inc. (“L3Harris” or the “Company”) (NYSE: LHX). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether L3Harris and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On August 17, 2026, L3Harris disclosed that Christopher Kubasik has stepped down as Chairman and Chief Executive Officer, effective immediately. L3Harris said that it had become aware of certain conduct by Kubasik that was not consistent with the values of the Company as outlined in its Code of Conduct.
On this news, L3Harris’s stock price fell $13.44 per share, or 4.61%, to close at $278.38 per share on August 17, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of L3Harris Technologies, Inc. ("L3Harris" or the "Company") (NYSE: LHX). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether L3Harris and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On August 17, 2026, L3Harris disclosed that Christopher Kubasik has stepped down as Chairman and Chief Executive Officer, effective immediately. L3Harris said that it had become aware of certain conduct by Kubasik that was not consistent with the values of the Company as outlined in its Code of Conduct.
On this news, L3Harris's stock price fell $13.44 per share, or 4.61%, to close at $278.38 per share on August 17, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
NEW YORK--(BUSINESS WIRE)---- $LHX #Harris--Scott+Scott Attorneys at Law LLP has launched an urgent investigation into whether certain officers and directors of L3Harris Technologies, Inc. (NYSE: LHX) failed to manage L3Harris in an acceptable manner, breaching their fiduciary duties to L3Harris, and whether L3Harris and its shareholders have suffered damages as a result. Attorney Joseph A. Pettigrew is heading the investigation—what shareholders need to know:On August 17, 2026, L3Harris announced it had entered.
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
On Tuesday, Aug. 18, SpaceX (NASDAQ:SPCX | SPCX Price Prediction) completed its 100th launch of 2026, sending 24 Starlink satellites into orbit from Vandenberg SFB aboard a Falcon 9 and pushing the constellation past 11,000 satellites in low Earth orbit.
That number includes spacecraft that are non-operational, failed or queued for deorbit, but it does not change what the Pentagon just did: The Space Force cut five separate $12 million contracts under a $60 million effort to prove that non-SpaceX satellites can plug into the Space Data Network backbone that SpaceX itself built under a $2.29 billion award in May 2026.
Washington is paying, in cash, to make sure it never has to depend on one vendor in orbit. Five U.S.-listed names sit directly in the flow of that money.
1. L3Harris Technologies (LHX): The Anti-Lock-In Prime The obvious read on 11,000 Starlinks is “short the legacy names.” The correct read is that the Department of War is now writing checks specifically to avoid single-vendor dependency in space, and the prime with the deepest missile-tracking, PNT, and space payload footprint is L3Harris Technologies (NYSE:LHX). CEO Chris Kubasik put it bluntly on the Q2 call: “We are the only company to be awarded all five contracts related to missile tracking.” Proliferated LEO is the delivery mechanism for that franchise.
The numbers back the thesis. Q2 revenue landed at $5.9 billion, up 8% year over year, orders came in at $7.3 billion with a 1.2x book-to-bill, and backlog climbed to a record $42 billion. Management raised full-year EPS guidance to $11.80 to $12.00 on revenue of $23.2 to $23.7 billion. Analysts carry a $341.73 price target against a stock trading around $278, with a forward P/E of 25.
Yet LHX is down 8.70% year to date (YTD) while satellite peers have re-rated hard. That gap is the setup. The stocks feeling Starlink first are the ones the market still thinks lose to it.
2. AST SpaceMobile (ASTS): The Direct-to-Device Collision AST SpaceMobile (NASDAQ:ASTS) is the only publicly traded name whose entire product roadmap collides head-on with Starlink’s direct-to-cell service. The company has 13 spacecraft in orbit with roughly 20,000 square feet of aperture, is targeting about 45 satellites by early 2027, and has already activated 3,000 digital cells across the Continental US with 60-plus MNO partners covering more than 3 billion subscribers.
Q2 2026 revenue printed at $31.52 million, up 2,626.6% year over year, missing consensus by 8.36%, and GAAP EPS of -77 cents included a $125.9 million BB7 launch loss. Management reaffirmed FY2026 revenue guidance of $150 million to $200 million and pro forma liquidity now sits above $3.7 billion after the July convertible offering. But the company’s backlog of $1.3 billion contracted, including U.S. government awards over $125 million and a preliminary $1 billion selection with Rakuten for Japan’s J-LEO, provides solace for investors.
Reddit sentiment turned very bullish (score 86) on r/wallstreetbets on Aug. 14, and shares are up 47.18% over the past year even after a 20.74% YTD loss. Retail is treating every Starlink milestone as the reason to buy the only pure-play D2D competitor. The launch cadence that funds that thesis belongs to the next name.
3. Rocket Lab (RKLB): The Picks-and-Shovels Heavyweight Every satellite in orbit was launched by someone. Rocket Lab (NASDAQ:RKLB) is one of the five names the Space Force just funded to demonstrate SDN interoperability, with its contract covering design and ground testing of a Photon spacecraft with optical communications hardware ahead of a 2027 flight. That is the Pentagon paying Rocket Lab directly to be a Starlink alternative. CEO Peter Beck framed the ambition on the Q2 call: “Rocket Lab is one of only two companies capable of” building and launching its own satellites.
Q2 revenue reached a record $234 million, up 62% year over year, non-GAAP gross margin expanded to 41.5% from 36.9%, and backlog stands at $2.36 billion, split 40% launch and 60% space systems. Post-quarter contract wins already exceed $1 billion, including the $397 million Flatellite/SBAMTI award and a $266 million Space Force Haste suborbital contract, the largest launch contract in company history. Neutron’s debut is targeted for Q4 2026, with initial ASPs of $50 to $55 million and no early-launch discounting.
Beck’s read on the market: “Launch has never been so constrained… if you want to book a launch now, or especially after 2029, the options are extremely limited.” Shares trade around $76.09 with an analyst target of $112.94. That premium is what a self-launching space power costs before the acquisition on slide five closes.
4. Viasat (VSAT): The Legacy Pivot Nobody Priced In Viasat (NASDAQ:VSAT) was supposed to be the roadkill trade. Instead, shares are up 104.2% YTD and 194.63% over the past year. CEO Mark Dankberg’s pivot to multi-orbit, dual-use, and defense is showing up in the awards: Q1 FY2027 company-wide awards of $1.3 billion, up 10% year over year, and backlog of $4.2 billion, up 19%.
The Defense & Advanced Technologies segment is the story: Q1 DAT awards of $524 million, up 22% year over year, tactical networking revenue up 36% year over year, and a $4 billion ceiling on the PTSG win. Aviation revenue grew 11% year over year across roughly 4,530 commercial aircraft, and Viasat-3 Flight 2 is expected to enter service late August or early September 2026 with what Dankberg called “orders of magnitude” capacity gains.
Dankberg conceded the pressure on legacy consumer broadband but drew the line clearly: “We recognize the effects of greater competition in our legacy commercial services, but are seeing growth in emerging segments of dual-use, multi-orbit, multi-band.” That reframing is why the stock has doubled while Starlink added thousands of satellites. It sets up the last name, because one of the four growth pillars Viasat’s smaller rival has been building around is about to disappear from the public markets entirely.
5. Iridium Communications (IRDM): The Deal Closing Underneath Everyone Iridium Communications (NASDAQ:IRDM) is the payoff. Rocket Lab announced an $8 billion all-stock acquisition of Iridium on June 28, targeted to close mid-2027, folding 66 operational satellites, 2.5 million-plus subscribers, and roughly $870 million in annual revenue into what Beck calls a “self-launching tier one space power.” Own IRDM here and you are pre-positioning into the only vertically integrated public alternative to SpaceX.
Q2 2026 revenue came in at $225.24 million, up 3.84% year over year, beating consensus by 2.17%, with billable subscribers of 2.63 million, up 6% year over year. The Aireon acquisition closed July 2, 2026 for $366.7 million and adds $100 million annualized service revenue plus $30 million OEBITDA. Iridium NTN Direct, the standards-based D2D service, is launching later in 2026 with seven MNO agreements signed. Shares are up 174.63% YTD. The market is already front-running the deal.
Matt Desch’s framing of the L-band moat is what makes the RKLB combination lethal: “Freedom NTN Direct is positioned as complementary to the big B2B services that are emerging from Starlink, AST, and now Amazon Leo.” Complementary today. Vertically integrated with a launch monopoly tomorrow.
The Setup Starlink at 11,000 satellites is the reason Washington is now spending real money to make sure five other providers can do what SpaceX does. LHX, ASTS, RKLB, VSAT and IRDM sit directly in the flow of those dollars, and four of the five have already re-rated hard in 2026. The question is whether the fifth catches up before Neutron flies and the Iridium deal closes.
Contact [email protected] for any questions or corrections.
MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE: LHX) recently showcased a variety of interoperable, multi-domain capabilities at the Army's Project Convergence-Capstone 6 at Fort Irwin, California. The company successfully linked decision makers with multi-domain sensors and effectors in unified networks for rapid interdiction of threats in complex and contested environments. L3Harris' key capabilities included interoperable, multi-domain assured communications, Link 16 integrati.
NASA on Monday awarded payload services contracts to Blue Origin, Firefly Aerospace, L3Harris and All Points Logistics for future missions. SpaceX prepares for another Starlink launch tonight. SPCX shares slid on a test of resistance early Tuesday.
Space stocks trended lower early Tuesday.
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NASA on Monday selected All Points Logistics, Firefly Aerospace (FLY), L3Harris (LHX) and Blue Origin, the space company of Amazon (AMZN) founder Jeff Bezos, to provide payload processing facilities.
The contracts are part of the Spacecraft Processing Operations Contract on-ramp provision, which allows qualified companies to offer commercial payload processing services for missions at new launch locations. Through the contract, NASA will procure facilities and services for prelaunch spacecraft processing and delivery of rocket hardware to the launch pad.
NASA did not include specific financial details for the awards. The Spacecraft Processing Operations Contract is a multiple-award contract vehicle with an aggregate ceiling price of $100 million, according to the release. The ordering period for the SPOC contract runs through Feb. 1, 2033.
SpaceX Readies For Next Starlink Launch
Elsewhere, SpaceX (SPCX) prepares to launch its latest Starlink mission Tuesday evening.
SpaceX plans to launch the Falcon 9 rocket from the Space Launch Complex 4 East at Vandenberg Space Force Base in California around 8:45 p.m. PT.
The Falcon 9 will reportedly carry and deploy 24 Starlink satellites into low-Earth orbit, per the mission briefing on SpaceX's website.
A live webcast of the mission will be available on the mission briefing page and SpaceX's X page about 10 minutes before liftoff
The launch comes after SpaceX's busy weekend, which included two back-to-back Falcon 9 launches. SpaceX on Saturday conducted two separate missions for Globalstar (GSAT) and the U.S. Space Force within 40 minutes of each other from sites in Florida and California, highlighting its rapid launch capabilities.
SpaceX Slides From Resistance, Space Stocks Fall
SpaceX stock declined about 3% premarket Tuesday to slide below 143.
Shares on Monday hit an intraday high of 149.79, jumping close to its 150 debut price, as well as its highest level since July 10.
But SpaceX appears to be hitting resistance around 150, which was its opening price during its June 12 initial offering.
Shares last week recovered above their 135 IPO listing price but remain well below their June 16 record high of 225.64.
SpaceX has registered five positive weeks of gains as it continues its 11th week of trade.
Other space stocks traded lower early Tuesday.
Firefly Aerospace and Rocket Lab (RKLB) shares declined more than 3%.
Voyager Technologies (VOYG) shed 5%, Planet Labs (PL) traded more than 3% lower.
Intuitive Machines (LUNR) and AST SpaceMobile (ASTS) each fell more than 3%.
L3Harris stock rose slightly, looking to rebound from its 4.6% drop on Monday after replacing its CEO following a conduct investigation.
You can follow Harrison Miller for more stock news and updates on X/Twitter @IBD_Harrison.
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MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE: LHX) today announced that its Board of Directors has appointed Sam Mehta as President and Chief Executive Officer and a member of the Board. In addition, Lewis Hay III, L3Harris' Lead Independent Director, has been named Independent Chairman of the Board. Christopher Kubasik has stepped down as Chairman and CEO and as a member of the Board. These changes are effective immediately. Mehta joined L3Harris in 2023 and has more than 25 y.
Index Dow Jones -0,28 % na 53582,53 b., S&P 500 -0,12 % na 7776,28 b., Nasdaq Composite +0,02 % na 26734,31 b.
Index S&P 500 na začátku pondělního obchodování mírně klesá, daří se však technologickým titulům poté, co prudký růst výnosů společnosti Anthropic podpořil očekávání, že masivní investice do umělé inteligence budou nadále pokračovat. Společnost Anthropic potenciálním investorům sdělila, že její předběžné tržby za druhé čtvrtletí dosáhly 11,5 mld. USD, což představuje minimálně čtrnáctinásobný meziroční nárůst.
Akcie zbrojní a letecko-technologické společnosti L3Harris Technologies oslabují o 2,9 % v reakci na oznámení, že Christopher Kubasik s okamžitou platností odstoupil z pozice předsedy představenstva, generálního ředitele i člena správní rady.
Cenné papíry výrobce obranných a leteckých systémů Raytheon nepatrně posilují poté, co americké námořnictvo udělilo firmě kontrakt v hodnotě 22,9 mld. USD na výrobu střel Tomahawk.
Index S&P 500 -0,12 % na 7776,28 b. Nejsilnější sektory S&P Změna Nejslabší sektory S&P Změna Průmysl +0,1 % Nezbytná spotřeba -0,7 % Finanční sektor +0 % Reality -0,6 % Energie +0 % Zbytná spotřeba -0,5 % Nejsilnější akcie S&P Změna Nejslabší akcie S&P Změna Sandisk Corp (SNDK) +5,4 % Centene Corp (CNC) -4,2 % Western Digital Corp (WDC) +4,0 % Super Micro Computer (SMCI) -3,8 % Marvell Technology (MRVL) +4,0 % Carvana (CVNA) -3,2 % Micron Technology (MU) +3,8 % Constellation Brands (STZ) -3,2 % Coherent Corp (COHR) +3,4 % Gartner (IT) -2,9 % Zdroj: Bloomberg
PROVIDENCE, R.I.--(BUSINESS WIRE)--L3Harris Technologies (NYSE: LHX) has opened a new 50,000-square-foot maritime production facility at ProvPort in Providence, marking the completion of a $6 million investment to design, produce and deliver advanced undersea training systems for the U.S. Navy and allied forces. “As L3Harris expands its presence here in the Ocean State, this new ProvPort facility will help strengthen Rhode Island's leadership in undersea warfare technology and grow our state's.
MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE: LHX) has successfully completed a hot-fire test of its stage two advanced large solid rocket motor (SRM) for the Missile Defense Agency's Next Generation Interceptor (NGI). L3Harris conducted the test as part of the Lockheed Martin team advancing the effort to strengthen the nation's homeland missile defense. The hot-fire test validated the system's design integrity, as the SRM ignited and completed a full-duration burn, which provi.
MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE: LHX) has completed the sale of a majority stake in its commercial space propulsion, power and electronics businesses to AE Industrial Partners at a total enterprise value of $845 million. The company expects to use the proceeds to invest in facilities and advanced technologies to meet unprecedented demands for growth. L3Harris' RS-25 rocket engine operations were excluded from the sale, and the company will maintain a ~40% ownership.
Na konci obchodní seance již nedošlo k výraznějším změnám trendu. Výsledkem je, že indexy končí výrazně v zeleném. Růstu vévodil technologický sektor tlačený především čipovými společnostmi. Micron zakončil krásným obratem (+18,36 %) AMD přidalo (+13 %). Zároveň i ostatní technologické společnosti těžili z rapidního růstu Microsoftu, který potěšil silnými kvartálními výsledky. Proti tomuto proudu šla Meta, která skončila výprodejem (-7,98 %). Amazon po zavření přidává v aftermarketu již + 6 %
Do záporu se nakonec otočila ropa, přičemž WTI pokleslo o (-0,96 %). Cenné kovy těžily z informací o inflaci a zakončili růstově, zlato přidalo (+1,85 %).
Index Dow Jones +1,19 % na 52209,57 b.
S&P 500 +1,66 % na 7437,96 b.
Nasdaq Composite +2,78 % na 25122,18 b.
Index S&P 500 +1,66 % na 7437,96 b. Nejsilnější sektory S&P Změna Nejslabší sektory S&P Změna Informační technologie +5,2 % Komunikační služby -2,5 % Zbytná spotřeba +1,6 % Nezbytná spotřeba -2,2 % Průmysl +1 % Zdravotní péče -1,6 % Nejsilnější akcie S&P Změna Nejslabší akcie S&P Změna Sandisk Corp (SNDK) +26 % Fair Isaac Corp (FICO) -17 % EMCOR Group (EME) +19 % CH Robinson Worldwide (CHRW) -15 % Micron Technology (MU) +18 % Norwegian Cruise Line Holdings (NCLH) -9,8 % Lam Research Corp (LRCX) +18 % Altria Group (MO) -9,3 % Quanta Services (PWR) +17 % L3Harris Technologies (LHX) -8,6 %
Jan Pazourek, Fio banka, a.s.
Index Dow Jones +0,69 % na 51948,4 b. S&P 500 +1,24 % na 7406,94 b. Nasdaq Composite +2,35 % na 25016,99 b.
Wall Street zaznamenává návrat k růstu, a to díky oživení u čipových společností, zatímco ekonomická data naznačila, že americká ekonomika zůstává v dobré kondici, ale nepřehřívá se. Pod tlakem jsou v úvodu zejména softwarové společnosti po nedávném růstu. Trhy taktéž vyčkávají na další várku výsledků, přičemž již dnes po uzavření trhů se můžeme těšit na čísla Applu a Amazonu. V popředí dnešního vývoje je růst Microsoftu (+14,5 %) po silných výsledcích a naopak pokles společnosti Meta Platforms (-9,1 %) poté, co výhled pro 3Q zklamal.
Své výsledky hospodaření zveřejnila další řada společností. Připravili jsme také reporty pro společnosti Samsung Electronics, Starbucks (+2,0 %), Lam Research (+20 %), Fortinet (+3,5 %) a QUALCOMM (-3,7 %).
Vůbec se nedaří akciím softwarové společnosti Fair Isaac Corp. (-15 %) po zveřejnění výsledků za 3Q FY 2026. Výnosy meziročně vzrostly o 26 % na 674,2 mil. USD, pod odhady 681,8 mil. USD. Očištěný zisk na akcii dosáhl 12,18 USD při konsensu 11,88 USD. Podle Bloombergu největší zklamání přišlo z nedostatečného navýšení celoročního výhledu. Společnost v aktuálním fiskálním roce očekává výnosy ve výši 2,53 mld. USD, což je sice navýšení z původního odhadu 2,45 mld. USD, ale pod odhady trhu 2,56 mld. USD. Očištěný zisk na akcii by měl dosáhnout 42,43 USD (dřívější výhled činil 40,45 USD), což však zaostalo za očekáváním 43,15 USD.
Výrazně také ztrácí akcie Carvana (-9,9 %). Tento internetový prodejce automobilů zveřejnil výsledky a celoroční výhled očištěného zisku, jehož střední hodnota zaostala za odhady analytiků. Ti označují výsledky za smíšené, zatímco podle JPMorgan může být výhled společnosti příliš konzervativní. Společnost očekává v celém roce očištěný zisk EBITDA v rozmezí 2,7 až 3,0 mld. USD. Trh projektoval 2,99 mld. USD.
Index S&P 500 +1,24 % na 7406,94 b. Nejsilnější sektory S&P Změna Nejslabší sektory S&P Změna Informační technologie +4,6 % Komunikační služby -3,1 % Zbytná spotřeba +1,6 % Zdravotní péče -2 % Průmysl +0,6 % Nezbytná spotřeba -2 % Nejsilnější akcie S&P Změna Nejslabší akcie S&P Změna Lam Research Corp (LRCX) +20 % Fair Isaac Corp (FICO) -15 % EMCOR Group (EME) +19 % CH Robinson Worldwide (CHRW) -13 % Sandisk Corp (SNDK) +19 % L3Harris Technologies (LHX) -10 % Baxter International (BAX) +16 % Carvana (CVNA) -9,9 % Western Digital Corp (WDC) +16 % Workday (WDAY) -9,2 % Zdroj: Bloomberg
MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE: LHX) reports second quarter 2026 results. Highlights Orders of $7.3 billion; book-to-bill of 1.2x increases backlog to record $42 billion Revenue of $5.9 billion, up 8% Operating margin of 11.1%, up 60 bps; Segment operating margin of 16.0% Diluted EPS of $3.13, up 28% Operating cash flow of $879 million; Free cash flow of $771 million, both up 37% Increased 2026 guidance for consolidated revenue and EPS “Our Trusted Disruptor cultu.
MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE: LHX) has signed a framework agreement with the Department of War and Lockheed Martin for a multi-year contract to quadruple propulsion production for the Terminal High Altitude Area Defense (THAAD) system. This significant expansion in propulsion capacity further strengthens the nation's Arsenal of Freedom, made possible through the Department of War's Acquisition Transformation Strategy that accelerates delivery of critical capabil.
MELBOURNE, Fla.--(BUSINESS WIRE)--The Board of Directors of L3Harris Technologies (NYSE: LHX) has declared a quarterly cash dividend of $1.25 per common share, payable Sept. 18, 2026, to shareholders of record as of the close of business on Sept. 4, 2026. About L3Harris Technologies L3Harris is the Trusted Disruptor in defense tech. With customers' mission-critical needs always in mind, our employees deliver end-to-end technology solutions connecting the space, air, land, sea and cyber domains.
Space Exploration Technologies' (SPCX 2.20%) IPO was the hottest ticket of the year, and if you didn't get a piece, the fear of missing out is real.
But here's something the frenzy overlooked: You don't need SpaceX to invest in space. A handful of established industrial giants are cashing in on the same boom, and they come with steadier businesses and, in most cases, a dividend check while you wait. There's a powerful tailwind behind them, too -- the U.S. government's push to build a space-based missile shield known as Golden Dome, which is funneling tens of billions of dollars toward satellites, sensors, and rockets.
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1. Lockheed Martin: The space and defense anchor Lockheed Martin (LMT 1.09%) is about as close to a one-stop shop for national-security space as you'll find. It builds satellites, missile-warning systems, and the Orion crew capsule, and late last year it won a roughly $1.1 billion award to deliver 18 missile-tracking satellites for the Space Force. It's also positioned at the center of the Golden Dome effort.
This is the blue chip way to own the government side of the space race.
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2. Northrop Grumman: Satellites and the propulsion nobody sees Northrop Grumman (NOC 2.48%) is deep in the same satellite constellations, having won its own multi-hundred-million-dollar Space Force awards, with a batch of its data-relay satellites slated to begin launching this year.
What I find underappreciated is its propulsion business: Northrop makes solid rocket motors that power missiles and launch vehicles across the industry, so it profits no matter whose rocket flies.
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3. L3Harris Technologies: The sensor specialist L3Harris Technologies (LHX +0.52%) rounds out the group that split the Space Force's latest missile-tracking satellite contract, and its real strength lies in the sensors and payloads that enable those satellites to actually spot a threat. The company has been sharpening its focus lately, agreeing to sell a majority stake in its space-propulsion arm to concentrate on the electronics and space systems where it has an edge. For a Golden Dome built on detection, that's a smart place to sit.
4. RTX: Missiles, sensors, and a missile-defense windfall RTX (RTX 1.53%), parent company of Raytheon and Collins Aerospace, is one of the largest defense contractors on Earth, and missile defense is squarely in its wheelhouse. The interceptors and radars that would form the lower layers of a system like Golden Dome are the kind of hardware RTX has made for decades. Its aerospace arm also supplies components across satellites and spacecraft, giving it broad, if less pure, space exposure.
Image source: Getty Images.
5. Boeing: The direct launch competitor Boeing (BA +0.74%) is the wild card here, and I'll be candid: It's the most troubled company on this list. But it co-owns United Launch Alliance, whose Vulcan rocket competes head-to-head with SpaceX for the most sensitive national-security launches, and it retains a large defense and space portfolio.
If you believe the government wants more than one launch provider, and it clearly does, Boeing offers direct exposure to that rivalry, provided you can stomach its ongoing turnaround risk.
The takeaway worth understanding Now the honest counterweight: None of these companies is a substitute for SpaceX in terms of growth. They're large, mature businesses where space is only one slice of the pie, so a satellite win rarely moves the whole stock the way it might for a pure play.
Their fortunes also lean heavily on government budgets, and programs like Golden Dome depend on appropriations that politics can slow, shrink, or reroute. Defense primes can also trade at rich valuations when geopolitical worries run hot, as they do now.
If you're chasing SpaceX-style rocket-ship returns, these steady industrials won't scratch that itch. But if what you actually wanted was durable exposure to the money pouring into space and missile defense, this group delivers it without the hype.
My honest suggestion is to treat them as the sensible, lower-drama way to invest in the theme and lean toward the names with the clearest space and Golden Dome tailwinds rather than buying all five indiscriminately.
The trading activity of members of Congress continues to draw increased attention from retail traders, especially when committee assignments may lead to what some consider as conflict of interest trading activity.
Rep. Richard McCormick (R-Ga.) recently disclosed multiple stock transactions made in June, with two transactions making him the latest member of Congress to go long on defense stocks while Middle East tension is heightened.
The trades were part of several made by McCormick, including some buys and some sales.
The L3Harris Technologies purchase draws increased attention due to the committee assignments of McCormick.
The congressman serves on the House Armed Services Committee and the House Committee on Science, Space and Technology. He also serves on the Tactical Air and Land Forces subcommittee and the Space and Aeronautics subcommittee.
L3Harris serves the space, air, land, sea and cybersecurity sectors with commercial and government contracts. The company is a key government supplier.
The purchase by McCormick was made days before President Donald Trump invoked the Defense Production Act to address constraints on weapons.
With the purchase made and McCormick’s committee assignments, the trade will be closely followed.
McCormick’s Trading HistoryThis isn’t the first time McCormick has traded L3Harris stock, with the congressman previously selling shares in March and buying the stock back in 2025.
The congressman has made 98 trades since 2023, according to data from Quiver Quantitative. This includes trades of $264,0000 in 2023 and $415,000 in 2025. The congressman made no trades in 2024.
In 2026, the congressman has made $272,000 in trades, currently making more sales than buys for the firs time in a calendar year.
Image via Shutterstock
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MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE: LHX) has received a contract from the U.S. Space Force's Space Development Agency (SDA) to produce 18 Accelerated Missile Defense Tranche 3 (AMDT3) satellites to support the Golden Dome for America's space-based capabilities. “L3Harris' continued work in Indiana will deliver the next generation of space-based tracking capabilities that we need to protect the homeland and stay ahead of our adversaries,” said Sen. Jim Banks, R-Ind. “T.
ROCHESTER, N.Y.--(BUSINESS WIRE)--L3Harris Technologies (NYSE: LHX) has received orders totaling $84 million in support of the U.S. Army for Next Generation Command and Control (NGC2) manpack Falcon® systems. The AN/PRC-158C systems include high-throughput Mobile Ad hoc NETworks (MANET) and highly resilient waveforms for assured communications in all conditions. This is L3Harris' second award in support of NGC2, following an initial $24 million order in October. The manpack systems will serve a.
ROCHESTER, N.Y.--(BUSINESS WIRE)--L3Harris Technologies (NYSE: LHX) has received two Foreign Military Sales orders for Falcon® systems to support Germany's Digitalization – Land Based Operations (D-LBO) and special operations forces requirements. “The battle-tested Falcon systems will enhance German forces' secure, interoperable communications with European Union and NATO allies,” said Chris Aebli, President, Mission Critical Communications, Communications & Spectrum Dominance, L3Harris. “T.
MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE: LHX) has delivered the VC-25B Bridge aircraft to the U.S. Air Force, marking a significant milestone in the modernization of the Air Force One fleet.
L3Harris transformed a 747-8i aircraft into the first VC-25B within 10 months, ensuring continuity of the Presidential Airlift mission as the current VC-25A aircraft age and next-generation aircraft remain under development. To meet this accelerated timeline, the team moved with urgency across three shifts with around-the-clock operations, demonstrating the depth, discipline and commitment required to deliver for the customer.
“Through a trusted, fast-tracked partnership with the Air Force, we have proven that the U.S. defense industrial base can move at maximum velocity when the mission demands it,” said Christopher Kubasik, Chairman and CEO, L3Harris. “L3Harris rose to the challenge, and we are deeply honored to deliver to the Commander-in-Chief a symbol of American strength that meets the nation’s highest standards without compromise.”
The VC-25B provides the Office of the President with an airborne command post equipped with a new communications system that enables resilient, secure connectivity to respond to global events without disruption. This unprecedented delivery reflects L3Harris’ decision to invest early in the program - ahead of formal demand - so that capacity, talent and production readiness were in place when the customer needed them.
As a global leader in aerospace integration and aircraft missionization, L3Harris delivers high-performance, integrated solutions for head-of-state transport and VIP aircraft worldwide. The company equips national leaders with actionable intelligence, secure communications and advanced protection systems to support no-fail missions.
About L3Harris Technologies
L3Harris is the Trusted Disruptor in defense tech. With customers’ mission-critical needs always in mind, our employees deliver end-to-end technology solutions connecting the space, air, land, sea and cyber domains in the interest of national security. Visit L3Harris.com for more information.
MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE: LHX) today announced an update to the leadership structure supporting its three reportable business segments, reinforcing the company’s continued focus on execution, operational performance, and customer mission.
Effective immediately, Sam Mehta has been appointed President overseeing both the Space & Mission Systems and Communications & Spectrum Dominance segments. The company expects to continue reporting financial results for each of its three segments separately, consistent with its previously announced structure. Mehta and Ken Bedingfield, who leads the Missile Solutions segment, will continue to report directly to Chairman and Chief Executive Officer Christopher Kubasik.
“Sam is a proven operator with a strong track record of delivering results,” Kubasik said. “I am confident he will drive further synergies across our business and operations. We remain focused on our highest priority – providing innovative technology at the speed and scale required to rebuild today’s industrial base and preserve peace through strength.”
Mehta brings 25 years of leadership experience across the aerospace and defense industry. He previously led L3Harris’ Communication Systems segment and, earlier this year, assumed responsibility for the Space & Mission Systems segment.
Jon Rambeau, formerly President of Communications & Spectrum Dominance, has departed the company to pursue external opportunities. “Jon has made important contributions to L3Harris, and we wish him well,” Kubasik added.
About L3Harris Technologies
L3Harris is the Trusted Disruptor in defense tech. With customers’ mission-critical needs always in mind, our employees deliver end-to-end technology solutions connecting the space, air, land, sea and cyber domains in the interest of national security. Visit L3Harris.com for more information.
Forward-Looking Statements
This press release contains forward-looking statements that reflect management's current expectations, assumptions and estimates of future performance and economic conditions. Such statements are made in reliance upon the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and may be identified by the use of the words such as “expect,” “will” or similar expressions. The company cautions investors that any forward-looking statements are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements, including the risks set forth in the Company’s filings with the SEC. L3Harris disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
KENNEDY SPACE CENTER, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE: LHX) has successfully powered the historic launch of the Artemis II mission, providing propulsion and avionics for the first crewed journey toward the moon in more than 50 years.
“Artemis II marks a new era in human space exploration with the first crewed flight of NASA’s Space Launch System rocket and Orion spacecraft,” said Christopher Kubasik, Chairman and CEO, L3Harris. “We congratulate NASA and all our teammates on achieving liftoff, and we remain focused on supporting the Artemis II mission through its successful completion.”
L3Harris is supporting the Artemis II mission with more than 100 separate elements, including RS-25 engines for the Space Launch System core stage, the RL10 engine for the Interim Cryogenic Propulsion Stage and the Orion Main engine for the translunar injection burn. L3Harris also supplied in-space thrusters for course corrections, 40 advanced avionics systems for precision control and monitoring of the launch vehicle and the Orion audio system for continuous astronaut communications.
The 10-day mission around the moon will further demonstrate L3Harris capabilities in support of the Artemis campaign and NASA’s vision of a sustained human presence on the moon and, ultimately, Mars.
About L3Harris Technologies
L3Harris is the Trusted Disruptor in defense tech. With customers’ mission-critical needs always in mind, our employees deliver end-to-end technology solutions connecting the space, air, land, sea and cyber domains in the interest of national security. Visit L3Harris.com for more information.
SAN FRANCISCO--(BUSINESS WIRE)--Xoople, the AI data infrastructure company for physical change on Earth, and L3Harris Technologies (NYSE: LHX), a global defense tech company, announced the co-development of a first of its kind satellite constellation designed and optimized for the AI era. The milestone, the result of seven years of design and R&D work, advances the companies’ shared vision to deliver real-world context into every decision for a more sustainable, safer world.
The Xoople constellation, with its unprecedented optical and sensor design which maximizes data quality, is a foundational layer of the company’s data infrastructure, designed to improve spatial intelligence by delivering orders-of-magnitude improvements in precision and speed compared to existing commercial Earth observation.
As AI systems shift from analysis to autonomous action through agentic workflows, demand for reliable, easily ingestible ground-truth data about the physical world is expected to accelerate rapidly. Xoople calls its infrastructure “Earth’s System of Record” — a platform enabling enterprises and governments to understand and act on real-world change, from optimizing supply chains and managing infrastructure to underwriting risk, disaster response, and geopolitical and security monitoring.
“Our Xoople team has decades of experience working on the most successful commercial Earth observation missions in history. But our customers in the AI era make decisions where even a 1% error is unacceptable, and they need a completely different kind of space asset, capable of monitoring the whole world in real time and ensuring the exquisite measurements that AI requires. That’s why, after many years of stealth exclusive co-development with L3Harris, we’re excited to finally unveil our Xoople constellation, which delivers on our mission to deploy Earth’s System of Record with the scale and precision that the era of AI demands,” said Fabrizio Pirondini, CEO of Xoople.
About Xoople
Xoople is an AI data infrastructure company building a global system of record for physical change on Earth. Its mission is to give organizations access to real-time physical-world intelligence powering the next generation of AI systems.
We bought four “new” holdings in the quarter. Two of the four — Blackstone and Otis — we have owned before. In IT, we exited Oracle and trimmed Broadcom. Our five-year investment in Oracle proved highly profitable as the company transitioned its business model from licensing to software-as-a-service. On the semiconductor side, we modestly reduced our position in Broadcom to fund our new investment in Taiwan Semiconductor.
ORANGE COUNTY, Va.--(BUSINESS WIRE)--L3Harris Technologies (NYSE: LHX), Virginia Gov. Abigail Spanberger and the Orange County Board of Supervisors have announced an agreement to further expand L3Harris’ solid rocket motor production capacity at its site in Orange County with the creation of the Virginia Advanced Propulsion Facilities (VAPF).
The more than $1 billion expansion project, which builds on a previously announced expansion at the Orange County site, is expected to more than double the manufacturing space and create more than 350 jobs over the next five years.
“L3Harris’ continued investments in solid rocket motor facilities are bolstering manufacturing capacity for key national defense programs,” said Ken Bedingfield, President, Missile Solutions, L3Harris. “With a talented workforce and a community committed to long-term success, our expanded presence in Virginia will deliver additional capability to the Department of War and our allies.”
“I congratulate L3Harris on its historic expansion in Central Virginia,” said Gov. Spanberger. “With a deep talent pipeline and strong track record in the defense and advanced manufacturing sectors, the Commonwealth is ready to fill the hundreds of new positions coming to Orange County. L3Harris exemplifies the kind of partnership that builds the future of Virginia, and we look forward to celebrating this investment for many years to come.”
“On behalf of the Board of Supervisors and our Economic Development team, we are thrilled to recognize and support L3Harris’ $1.265 Billion expansion and the creation of 350+ new jobs in Orange County. This is a transformational announcement that will benefit Orange County for decades,” said Orange County Board of Supervisors Chairman Bryan Nicol. “L3Harris has been an important, long-time member of our business community – making their growth and continued investment here particularly gratifying. This project is a recognition of Orange County’s strong business climate, its economic vitality and our region’s qualified workforce. The Board is grateful to be receiving a grant from Governor Spanberger’s Commonwealth’s Opportunity Fund and support from the General Assembly’s Major Employment Investment Project Approval Commission to bring this opportunity to the Commonwealth.”
“I’m pleased to see L3Harris expanding its operations in Virginia, bringing hundreds of good-paying jobs to Orange County while strengthening manufacturing capacity for critical national defense programs,” said Rep. Eugene Vindman, D-Va. “This investment will more than double their footprint and build on a long track record of success in the region. I look forward to continuing to partner with L3Harris to support this growth, create new opportunities for our workforce, and advance the aerospace innovation that drives both our economy and our national security.”
L3Harris plans to construct new facilities at the site to support key solid rocket motor production operations spanning multiple Department of War programs. The VAPF will support company operations such as mixing, grinding, casting and final assembly.
L3Harris’ site in Virginia currently has 256,000 square feet of manufacturing space and serves as the company’s Center of Excellence for Propellant Research and Small to Medium-sized Solid Rocket Motor Production.
L3Harris is also modernizing and expanding solid rocket motor production at its sites in Camden, Arkansas, and Huntsville, Alabama. The company’s ongoing investments in new facilities, equipment and processes will enable it to double, triple and quadruple solid rocket motor production rates for a range of key programs.
About L3Harris Technologies
L3Harris is the Trusted Disruptor in defense tech. With customers’ mission-critical needs always in mind, our employees deliver end-to-end technology solutions connecting space, air, land, sea and cyber domains in the interest of national security. Visit L3Harris.com for more information.
Forward-Looking Statements
This press release contains forward-looking statements that reflect management’s current expectations, assumptions and estimates of future performance and economic conditions. Such statements are made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The company cautions investors that any forward-looking statements are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements. Statements about production rates are forward-looking and involve risks and uncertainties. L3Harris disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
WASHINGTON--(BUSINESS WIRE)--L3Harris Technologies (NYSE: LHX) has closed a $1 billion strategic investment from the Department of War (DoW) in its Missile Solutions (MSL) business, which it will use to expand and modernize facilities, accelerate research and development, and increase production capacity for critical national security technologies.
The investment from the DoW is in the form of a convertible preferred security of the MSL business, which will convert into common equity upon an initial public offering (IPO). In addition, the DoW will receive certain warrants to purchase common stock in MSL. As previously announced, L3Harris intends to pursue an IPO of MSL in the second half of 2026, pending market conditions.
L3Harris is investing billions to transform and grow its production operations at MSL in support of DoW priorities like PAC-3, THAAD, Tomahawk and Standard Missile. MSL was created in early 2026, bringing together the missile capabilities from across L3Harris, including the operations of legacy Aerojet Rocketdyne.
“This strategic partnership with the Department of War is a testament to the critical role L3Harris plays in our national security,” said Christopher Kubasik, Chairman and CEO, L3Harris. “The investment will allow us to accelerate innovation and enhance our ability to deliver the advanced capabilities our warfighters need to deter and defeat emerging threats. We are proud to partner with the DoW to ensure the resilience of our defense industrial base for years to come.”
The DoW investment, along with future IPO proceeds and other sources of capital, will be used to further a variety of expansion and modernization efforts at solid rocket motor production facilities in Camden, Arkansas; Huntsville, Alabama; and Orange, Virginia; among other sites.
L3Harris will remain the majority shareholder (>80%) in the new MSL business and will consolidate the financial results of MSL.
About L3Harris Technologies
L3Harris is the Trusted Disruptor in defense tech. With customers’ mission-critical needs always in mind, our employees deliver end-to-end technology solutions connecting the space, air, land, sea and cyber domains in the interest of national security. Visit L3Harris.com for more information.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of federal securities laws made in reliance on the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts. These forward-looking statements are based on L3Harris’ current views and assumptions and can change significantly in the future. Actual results and events may be significantly different from what is currently expected. Forward-looking statements may be identified by the use of the words such as “estimate,” “plan,” “shall,” “may,” “project,” “forecast,” “intend,” “expect,” “anticipate,” “believe,” “seek,” “will,” “target,” or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Examples of forward-looking statements include statements about: an independently traded MSL company or the timing or consummation of any potential IPO; any demand for missile solutions capacity; future investments; the value of the investment and L3Harris’ role in an independently traded MSL company. L3Harris cautions investors that any forward-looking statements are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements.
The following factors, among others, could cause actual results or outcomes to differ materially from those expressed in the forward-looking statements or historical performance: the impact of any legal challenge, protest or investigation in connection with the investment and any related transactions; any unexpected tax, accounting or regulatory treatment of the investment or to any transactions in connection therewith; the availability of government funding; the outcome of government determinations regarding its procurements; any adverse impacts on L3Harris other businesses or relationship with its customers, its suppliers or other contractors for whom L3Harris is a subcontractor or supplier; potential significant adverse consequences resulting from business disruptions or economic or political uncertainty; unexpected costs, liabilities, delays, legal proceedings or the ability to obtain regulatory approvals; unfavorable economic or market conditions; unexpected geo-political events; and other impairments to achieve benefits to L3Harris from the investment, in a timely manner or at all. In addition, important risk factors that could cause actual results or outcomes to differ from those expressed in the forward-looking statements are described in the “Risk Factors” sections of L3Harris’ Annual Report on Form 10-K for the year ended Jan. 2, 2026.
In presenting the forward-looking statements, L3Harris has made material assumptions which may prove incorrect about: the availability of government funding and the statutory and regulatory authority to expand capacity for the DoW’s critical missile programs, including any future direct or indirect purchases of propulsion systems; the continued demand for missile programs; and the estimates and forecasts of investments required to expand capacity for the DoW’s critical missile programs.
L3Harris disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
No Offer or Solicitation
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities. Any offers, solicitations of offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended.
NYSE issues a pre-market daily advisory direct from the trading floor. NEW YORK, April 23, 2026 /PRNewswire/ -- The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor.
MELBOURNE, Fla.--(BUSINESS WIRE)--The Board of Directors of L3Harris Technologies (NYSE: LHX) has declared a quarterly cash dividend of $1.25 per common share, payable June 26, 2026, to shareholders of record as of the close of business on June 5, 2026.
About L3Harris Technologies
L3Harris is the Trusted Disruptor in defense tech. With customers’ mission-critical needs always in mind, our employees deliver end-to-end technology solutions connecting the space, air, land, sea and cyber domains in the interest of national security. Visit L3Harris.com for more information.
SpaceX dominates space economy headlines, but private shares do not mail quarterly checks, and even after an initial public offering, the rocket and spacecraft maker is unlikely to offer a dividend. For income-focused investors nearing or in retirement, the space economy includes publicly traded dividend payers. Five defense primes build the launchers, satellites, propulsion, missile defense integration, and crewed exploration hardware that power the sector, each having paid shareholders through multiple cycles.
The ranking below weighs space segment scale and strategic assets alongside dividend reliability, growth streaks, and current yield. We count down from #5 to #1.
5. General Dynamics General Dynamics (NYSE: GD | GD Price Prediction) has the thinnest direct space exposure of the five, with no dedicated space segment. Space-adjacent revenue runs through its Technologies unit, which serves space customers with IT services. The income case is the draw: a 2.0% yield on a $6.00 annualized payout, with the quarterly dividend lifted to $1.59 in April 2026 from $1.50. Q4 2025 delivered EPS of $4.17 on revenue of $14.38 billion, up 7.8% year over year, and the backlog reached $118.05 billion, up 30%. Shares trade at a trailing PE of 21x with a beta of 0.41, a fit for retirees seeking diversification around the space theme.
4. RTX RTX (NYSE: RTX) lacks a reported space segment, yet Raytheon handles classified space and missile programs while Collins Aerospace provides supplies for GPS III and orbital systems. Q1 2026 beat expectations with EPS of $1.78 versus $1.52 on revenue of $22.08 billion, up 8.7% year over year, and management raised 2026 guidance to adjusted EPS of $6.70 to $6.90 on a record $271 billion backlog. The yield is 1.45% at $0.68 per quarter, and RTX has raised the quarterly dividend every year for the past six years. Shares are up 49.1% over one year, so the forward PE of 24x demands patience.
3. L3Harris Technologies L3Harris Technologies (NYSE: LHX) reorganized into three segments for 2026, including a Space & Mission Systems unit guided to roughly $11.5 billion. It owns Aerojet Rocketdyne propulsion. It posted Q4 2025 EPS of $2.86 versus $2.77 expected, with free cash flow of $1.849 billion, up 82.89% year over year. CEO Christopher Kubasik called 2025 “a clear inflection point.” The quarterly dividend rose to $1.25 in March 2026 from $1.20, extending an uninterrupted payment streak that dates back to at least 1999. The yield of 1.5% is modest, but a 55.26% one-year gain has driven total return.
2. Northrop Grumman Northrop Grumman (NYSE: NOC) runs a dedicated Space Systems segment guided to roughly $11 billion in 2026 at around 11% margins. It is anchored by Space Development Agency Tranche 3, the HALO lunar outpost, GEM 63 rocket motors, and classified programs. Q1 2026 beat with EPS of $6.14 versus $6.06 and revenue of $9.88 billion, up 4.4% year over year, while net income climbed to $875 million, up 81.91%. Northrop pays $2.31 per quarter for a 1.4% yield, with quarterly dividends unbroken for more than 25 years. A trailing PE of 18x and beta of 0.5 make this the low-volatility anchor of the group.
1. Lockheed Martin Lockheed Martin (NYSE: LMT) tops the list on its Space segment, which generated $3.428 billion in Q1 2026, up 7% year over year, driven by Fleet Ballistic Missile and Next Generation Interceptor work. The company also built Orion for NASA’s Artemis program. Q1 2026 missed on earnings with EPS of $6.44 versus $6.70 expected, and operating cash flow fell to $220 million from $1.41 billion. Yet management reaffirmed 2026 guidance for sales of $77.5 billion to $80.0 billion on a record $194 billion backlog. Shares sold off, now down 14.0% over one month, a level income-focused investors may note for valuation context.
Lockheed raised its quarterly payout to $3.45 in late 2025, extending a streak of annual increases running from 1999 through 2026. At a forward PE of 18x and beta of 0.24, Lockheed pairs the deepest pure-play space footprint with Aristocrat-caliber payout history, the combination retirement-focused investors were asked to trade away for SpaceX speculation.
Bottom Line These five defense primes deliver recurring cash to shareholders while SpaceX remains private for now. Income-minded readers can pair these names with space-themed ETFs such as Procure Space ETF (NASDAQ: UFO), ARK Space Exploration & Innovation ETF (BATS: ARKX), SPDR S&P Kensho Final Frontiers ETF (NYSEArca: ROKT), and Roundhill Space & Technology ETF (BATS: MARS), though they don’t offer the payout history of the primes.
The space economy already pays dividends. Investors just have to target the companies that write the checks.
The market expects Firefly Aerospace (FLY - Free Report) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 4. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis space and defense technology company is expected to post quarterly loss of $0.50 per share in its upcoming report, which represents a year-over-year change of +69.7%.
Revenues are expected to be $73.82 million, up 32.2% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.97% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Firefly Aerospace?For Firefly Aerospace, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +13.52%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination indicates that Firefly Aerospace will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Firefly Aerospace would post a loss of$0.48 per share when it actually produced a loss of -$0.38, delivering a surprise of +20.83%.
Over the last four quarters, the company has beaten consensus EPS estimates two times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Firefly Aerospace appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Expected Results of an Industry PlayerAnother stock from the Zacks Aerospace - Defense industry, L3Harris (LHX - Free Report) , is soon expected to post earnings of $2.53 per share for the quarter ended March 2026. This estimate indicates a year-over-year change of +5%. Revenues for the quarter are expected to be $5.42 billion, up 5.7% from the year-ago quarter.
Over the last 30 days, the consensus EPS estimate for L3Harris has been revised 1.3% down to the current level. Nevertheless, the company now has an Earnings ESP of +1.29%, reflecting a higher Most Accurate Estimate.
When combined with a Zacks Rank of #3 (Hold), this Earnings ESP indicates that L3Harris will most likely beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE: LHX) today announced it has confidentially submitted a draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the “SEC”) related to the proposed initial public offering of common stock in its Missile Solutions business. The number of shares to be offered and the price range for the proposed offering have not yet been determined. The initial public offering is subject to market and other conditions and the completion of the SEC’s review process.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). This announcement is being issued in accordance with Rule 135 under the Securities Act.
About L3Harris Technologies
L3Harris is the Trusted Disruptor in defense tech. With customers’ mission-critical needs always in mind, our employees deliver end-to-end technology solutions connecting the space, air, land, sea and cyber domains in the interest of national security. Visit L3Harris.com for more information.
Orders of $7.8 billion; book-to-bill of 1.4x increases backlog to new record $40.7 billion Revenue of $5.7 billion, up 12%, and 15% organically* Operating margin of 11.4% up 120 bps; Segment operating margin of 15.7% up 10 bps GAAP diluted EPS of $2.72, up 33% Updates 2026 EPS guidance “We continue to execute against our Trusted Disruptor strategy with both urgency and discipline, leveraging speed and scale to meet the evolving needs of our customers. Our results reflect the strength of our portfolio and its alignment with the nation’s most critical defense missions. We operate in a dynamic global environment, where demand is accelerating and the future of warfare is driving near-term operational priorities. Across the portfolio, we quickly adapt to mission needs and scale our operations to meet increasing demand, accelerating growth across our enterprise,” said Christopher Kubasik, Chairman and CEO.
Kubasik added, “We delivered a strong start to the year with robust orders and revenue growth coupled with progress across our strategic priorities. We are well positioned for the next phase of growth and value creation, remain on track to deliver on our 2026 commitments and continue to advance toward the 2028 Financial Framework we outlined earlier this year.”
SUMMARY FINANCIAL RESULTS*
First Quarter
2026 Guidance
($ millions, except per share data)
2026
2025
Revenue
Space & Mission Systems
$
2,990
$
2,411
Communication & Spectrum Dominance
1,855
1,809
Missile Solutions
990
840
Intersegment
(91
)
(74
)
Segment revenue
5,744
4,986
Other1
—
146
Revenue
$
5,744
$
5,132
$23B - $23.5B
Operating income
Space & Mission Systems
$
313
$
238
Communication & Spectrum Dominance
465
443
Missile Solutions
124
96
Segment operating income
902
777
Unallocated corporate items and other, net1 (see Table 4)
(250
)
(252
)
Operating income
$
652
$
525
Operating margin
11.4
%
10.2
%
Segment operating margin
15.7
%
15.6
%
low 16%
Tax rate
Effective tax rate
13.1
%
15.9
%
GAAP EPS
Diluted EPS
$
2.72
$
2.04
$11.40 - $11.60
(Prior: $11.30 - $11.50)
Diluted weighted-average common shares outstanding
188.1
189.1
Cash flow
Cash used in operations
$
(95
)
$
(42
)
Free cash flow2
$
(187
)
$
(101
)
$3.0B
1 Includes other non-reportable businesses, which is the divested Commercial Aviation Solutions business ("CAS disposal group").
2 Free cash flow is a non-GAAP Financial Measure defined and reconciled to GAAP in Table 6. Net cash provided by operating activities is anticipated to be approximately $3.6 billion and capital expenditures are anticipated to be approximately $600M.
* Organic revenue is a non-GAAP Financial Measure defined and reconciled to GAAP in Table 5.
Revenue: Increased $612 million, up 12%, and 15% organically, driven by growth across all segments reflecting new program ramps and increased international volume.
Operating Income: Increased $127 million, up 24%. Operating margin was 11.4%, up 120 bps. The improvement in operating income was primarily driven by a $125 million increase in segment operating income due to strong growth in the quarter and a decline in unallocated corporate items and other, net costs.
Segment Operating Income: Increased $125 million, up 16%. Segment operating margin was 15.7%, up 10 bps. Segment operating income grew across all segments due to increased volume, improved program performance and higher monetization of legacy assets aligned with our transformation and value creation priorities, partially offset by higher growth in businesses with lower average margin and increased investments in go-to-market activities and research and development.
Diluted EPS: Increased 33% to $2.72 driven by higher operating income, lower interest expense due to lower total outstanding debt, including both short-term and long-term debt, and a lower effective tax rate, partially offset by lower FAS pension income.
Cash Flow: Cash used in operations was ($95) million, impacted by timing of cash receipts coupled with higher cash disbursements. Capital expenditures were ($99) million, contributing to free cash flow of ($187) million.
SEGMENT RESULTS
Space & Mission Systems
First Quarter
($ millions)
2026
2025
Increase
Revenue
$
2,990
$
2,411
24%
Operating margin
10.5
%
9.9
%
60 bps
Revenue: Increased 24%, primarily from the ramp in activity in our ISR business on classified and international missionized aircraft programs, including a milestone related to material procurement in support of classified contracts, as well as higher volume in Space, Mission Networks and Maritime programs partially offset by lower classified volume in our intel products and solutions business.
Operating Margin: Increased 60 bps to 10.5% driven by improved program performance, partially offset by increased material procurement in programs with lower average margins and increased investments in research and development.
Communication & Spectrum Dominance
First Quarter
($ millions)
2026
2025
Increase
Revenue
$
1,855
$
1,809
3%
Operating margin
25.1
%
24.5
%
60 bps
Revenue: Increased 3%, primarily driven by increased volume for night vision devices, international software-defined resilient communications and the ramp in activity on the Next Generation Jammer Electronic Warfare program.
Operating Margin: Increased 60 bps to 25.1% primarily driven by increased sales associated with higher margin products in night vision devices and software-defined resilient communications as well as the favorable settlement of a legal matter, partially offset by increased investments in customer demonstrations, prototypes, and research and development.
Missile Solutions
First Quarter
($ millions)
2026
2025
Increase
Revenue
$
990
$
840
18%
Operating margin
12.5
%
11.4
%
110 bps
Revenue: Increased 18% from higher production volumes across key missile and munition programs, including those prioritized by the Department of War's ("DoW") Munitions Acceleration Council, and space propulsion programs as well as new program ramps.
Operating Margin: Increased 110 bps to 12.5%, primarily due to the monetization of legacy assets aligned with our transformation and value creation priorities, partially offset by net unfavorable EAC adjustments.
Forward-Looking Statements
This earnings release contains forward-looking statements within the meaning of federal securities laws made in reliance on the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Examples include, but are not limited to: planned investments; 2026 guidance; the impact of recent and expected contract awards; the 2028 financial framework; divestiture timing; planned public offering by Missile Solutions; the impact of the global security environment; projections of other financial items; and assumptions underlying any of the foregoing. Investors should not place undue reliance on forward-looking statements, which reflect management’s current expectations, estimates, projections, assumptions and information currently available to management, and are not guarantees of future performance or actual results. Important risks that could cause our results to differ materially from those expressed in or implied by these forward-looking statements or from our historical results include, but are not limited to, risks arising from: competitive markets; U.S. Government spending priorities; changes in contract mix; unilateral contract action by the U.S. Government or unexpected issues related to the DoW's investment in our subsidiary; uncertain economic conditions; future geo-political events; supply chain disruptions; indebtedness; interest rates and other market factors; and changes in effective tax rate or additional tax exposures. These and other important risks that could impact forward-looking statements are described more fully in the "Risk Factors" in our Form 10-K for fiscal 2025. All subsequent written and oral forward-looking statements attributable to us or any person acting on our behalf are qualified by the cautionary statements in this section, and we have no duty to and disclaim any intention or obligation, other than imposed by law, to update or revise any forward-looking statements, whether as a result of new information, future events or developments or otherwise.
Table 1 - Condensed Consolidated Statement of Operations (Unaudited)
First Quarter
($ millions, except per share amounts)
2026
2025
Revenue
$
5,744
$
5,132
Cost of revenue
(4,342
)
(3,782
)
General and administrative expenses
(750
)
(825
)
Operating income
652
525
Non-service FAS pension income and other, net1
73
84
Interest expense, net
(136
)
(150
)
Income before income taxes
589
459
Income taxes
(77
)
(73
)
Net income
$
512
$
386
Earnings per share attributable to common shareholders
Basic
$
2.74
$
2.05
Diluted
$
2.72
$
2.04
Weighted-average common shares outstanding
Basic
186.8
188.5
Diluted
188.1
189.1
1“FAS” is defined as Financial Accounting Standards.
1 Organic revenue is a non-GAAP Financial Measure as defined by Regulation G. We use organic revenue to exclude revenue attributable to our divested CAS disposal group in prior periods.
Table 6 - Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow - Non-GAAP Financial Measures Reconciliation (Unaudited)
First Quarter
($ millions)
2026
2025
Net cash used in operating activities
$
(95
)
$
(42
)
Capital expenditures
(99
)
(59
)
Proceeds from disposal of property, plant and equipment, net
7
—
Free cash flow1
$
(187
)
$
(101
)
1 Free cash flow is a non-GAAP Financial Measure as defined by Regulation G. We use free cash flow to evaluate business performance and overall liquidity, and it is a performance metric in our annual incentive plan. We believe free cash flow is useful because it represents the cash generated from operations after reinvesting in our business that may be available to return to stockholders and creditors (through dividends, stock repurchases and debt repayments) or available to fund acquisitions or other investments. The entirety of free cash flow amount is not available for discretionary expenditures, however, because of certain mandatory expenditures, such repayment of debt.
Key Terms
Description
Definition
Business divestiture-related losses
In 2026, includes a loss recognized in connection with the Space Technology disposal group, which consists of certain product lines of our Space Propulsion and Power Systems sector and the space portion of our Space & Sensors division reported in our Mission Solutions segment. In 2025, includes a loss recognized in connection with the CAS disposal group divestiture.
Acquisition, divestiture and transaction-related expenses
Transaction and integration expenses associated with the Aerojet Rocketdyne acquisition in 2025; external costs related to pursuing acquisition and divestiture portfolio optimization; non-transaction costs related to divestitures; costs related to the carve-out and planned MSL public offering; salaries of employees in roles dedicated to planned strategic transaction activity; and resolution of a procurement contract matter.
LHX NeXt implementation costs
Includes costs related to workforce optimization costs, incremental IT expenses for implementation of new systems, third-party consulting expenses and other related costs, including costs related to personnel dedicated to this project. The implementation phase of LHX NeXt was completed in fiscal 2025.
Orders
Total value of funded and unfunded contract awards received from the U.S. Government and other customers, including incremental funding and adjustments to previous awards, excluding unexercised contract options and potential orders under ordering-type contracts, such as indefinite delivery, indefinite quantity (IDIQ) contracts.
SpaceX’s S-1 just handed legacy defense investors a number they cannot ignore. And you can bet they won’t.
In 2025, roughly one-fifth of SpaceX revenue came from U.S. federal agencies, primarily NASA, the Department of War, the General Services Administration, and certain Intelligence Community agencies, focused on launch services, spacecraft development, satellite deployment, and artificial intelligence products. SpaceX is “almost always the prime contractor” on those government contracts, and its launch deals are firm fixed-price with milestone-based payments.
The math is uncomfortable for the incumbents. SpaceX generated $4.69 billion in Q1 2026 revenue with $1.13 billion in Adjusted EBITDA, and its government share is now structurally large enough to reshape who wins the next decade of launch, satellite, and orbital compute dollars. Here are the five publicly traded contractors with the most to lose, ranked by direct overlap with SpaceX’s federal footprint.
1. Boeing (BA) Boeing (NYSE:BA | BA Price Prediction) sits at the bullseye. Its Defense, Space & Security segment houses the Space Launch System, the troubled Starliner crew capsule, and the United Launch Alliance joint venture with Lockheed, all three competing head-on with Falcon, Dragon, and Starship economics. Defense, Space & Security posted $7.60 billion in Q1 2026 revenue, up 21%, with operating earnings of $233 million. CEO Kelly Ortberg said Boeing is “supporting our customers with inspiring missions like Artemis II.” The market is unconvinced. Shares are up just 2% year-to-date, and a recent r/wallstreetbets thread explicitly pitched “a justification for SpaceX’s IPO valuation by looking backwards” against Boeing. If reusable Falcon economics permanently undercut SLS per-launch costs, Boeing’s space portfolio is the most exposed asset in the group.
2. Northrop Grumman (NOC) Northrop Grumman (NYSE:NOC) is the only prime where Space Systems actively shrank. Space Systems revenue fell 3% to $2.48 billion in Q1 2026, hit by a $71 million unfavorable EAC adjustment on the GEM 63XL program tied to a launch anomaly and the Next Generation Interceptor wind-down. GEM 63 solid rocket motors power ULA’s Vulcan, the very platform Falcon 9 has been eating alive on price. Northrop won a slice of the SDA Tranche 3 Tracking Layer, but Starshield is the direct rival. CFO John Green acknowledged that “In the Space segment, first quarter sales and operating income were down compared to the prior year.” Shares are down 3% YTD and 16% over the past month.
3. L3Harris Technologies (LHX) L3Harris Technologies (NYSE:LHX) is pivoting. Space & Mission Systems is the largest segment at $2.99 billion in Q1 2026, up 24%, but management is divesting the Space Technology disposal group, including Space Propulsion and Power Systems product lines, and pursuing a Missile Solutions IPO. CEO Christopher Kubasik framed the strategy as “Trusted Disruptor.” The plan: shed assets that compete with SpaceX engines and double down on classified ISR and munitions. Shares are up 6% YTD and 36% over the past year, suggesting investors are rewarding the retreat.
4. Lockheed Martin (LMT) Lockheed Martin (NYSE:LMT) owns Orion, the only crew vehicle currently certified for deep space, and co-owns ULA with Boeing. Space revenue grew 7% to $3.43 billion in Q1 2026, roughly 19% of total quarterly revenue, mirroring SpaceX’s own one-fifth government mix. CEO Jim Taiclet sounded almost relaxed about new entrants: “We welcome competition. We welcome other people’s money and other people’s talent into this endeavor with us or in competition with us.” The company is expanding its venture fund toward $1 billion. Q1 EPS of $6.44 missed the $6.70 consensus, and free cash flow swung to negative $291 million.
5. RTX (RTX) RTX (NYSE:RTX) is the most insulated of the group. Raytheon’s space-based sensors and missile defense pieces overlap with Starshield, but the core business is Patriot, Tomahawk, GTF, and the F135 engine, none of which SpaceX builds. Q1 2026 revenue rose 9% to $22.1 billion, adjusted EPS of $1.78 beat the $1.52 consensus, and free cash flow jumped 65% to $1.31 billion. CEO Chris Calio raised full-year guidance, saying RTX delivered “a very strong start to 2026 with organic sales and adjusted operating profit growth across all three segments.”
The Bottom Line Every prime on this list is becoming a software and AI company or watching market share leak to one that already is. SpaceX’s vertical integration of launch, satellites, and now xAI compute compresses the addressable market for any contractor that still treats space as a cost-plus engineering services business. If you believe reusable launch economics and orbital AI compute are durable advantages, the ranking above is your exposure map. If you think framework contracts and classified backlogs insulate the incumbents, RTX and Lockheed’s munitions ramps are the counter-thesis. The S-1 disclosure put a number on a fight that was already underway.
HUNTSVILLE, Ala.--(BUSINESS WIRE)--L3Harris Technologies (NYSE: LHX) has expanded its Advanced Manufacturing Facility-South (AMF-South) in Huntsville with a $25 million investment that includes an additional 130,000 square feet of manufacturing space.
The expansion increases the company’s footprint in Huntsville to ~670,000 square feet across three local sites. The AMF-South location is able to scale rapidly by utilizing space that already has the necessary infrastructure in place.
“The additional space allows us to lean forward and surge capacity in a way that directly aligns with the Department of War’s demand for critical munition acceleration,” said Ken Bedingfield, President, Missile Solutions, L3Harris. “Huntsville’s expansion at AMF-South gives us the flexibility we need to grow quickly and continue delivering for our customers.”
The facility growth builds on the company’s sustained investments in Huntsville, including a tripling of capital spend from 2024 to 2025. Huntsville currently supports more than half of L3Harris’ solid rocket motor programs with inert component production, and output continues to increase year-over-year.
AMF-South is currently hiring for a variety of key positions, including Mechanical and Manufacturing Engineering, Project Engineering, Quality and skilled trades such as Machinists and Composite Technicians.
About L3Harris Technologies
L3Harris is the Trusted Disruptor in defense tech. With customers’ mission-critical needs always in mind, our employees deliver end-to-end technology solutions connecting space, air, land, sea and cyber domains in the interest of national security. Visit L3Harris.com for more information.
Forward-Looking Statements
This press release contains forward-looking statements that reflect management's current expectations, assumptions and estimates of future performance and economic conditions. Such statements are made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The company cautions investors that any forward-looking statements are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements. Statements about capacity are forward-looking and involve risks and uncertainties. L3Harris disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
The U.S. military launched strikes against Iran Tuesday evening in direct retaliation for the downing of an American Apache helicopter on Monday.
IDEF shares are climbing. See the chart and price action here. U.S. Central Command announced the action on X:
“U.S. Central Command (CENTCOM) forces began launching self-defense strikes against Iran at 5 p.m. ET today at the Commander in Chief’s direction, in response to yesterday’s downing of a U.S. Army Apache helicopter,” CENTCOM said in the post.
CENTCOM called the mission “a proportional response to unjustified Iranian aggression.”
Defense stocks moved in after-hours trading on the news.
The iShares Defense Industrials Act ETF (NASDAQ:IDEF) was the sharpest mover, surging 10.41% to $35.20.
RTX Corp. (NYSE:RTX) — maker of the Patriot missile system and Tomahawk cruise missile — edged up 0.25% to $182.02.
Palantir Technologies Inc. (NASDAQ:PLTR) was also flat, trading after hours at publication at $132.19.
Photo: Shutterstock
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MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE: LHX) has been selected by the U.S. Army to deliver VAMPIRETM counter-unmanned systems (c-UxS) to support urgent defense against hostile drones. The Army’s order is worth up to $106 million as part of the United States’ layered c-UxS defense approach.
The VAMPIRE capability is a self-contained weapons solution that delivers advanced reconnaissance and precision strike against drones and remotely piloted aircraft. Military forces have used the technology extensively in support of European combat operations, logging more than 350,000 operational hours since 2023.
“We’ve worked with the Army to understand their needs for new counter-UxS systems that can be quickly assembled, delivered, set-up and fired,” said Tom Kirkland, President, Targeting & Sensor Systems, Communications & Spectrum Dominance, L3Harris. “VAMPIRE is effective at hunting and engaging drone threats affordably, which enables U.S. armed forces to sustain reliable defense of its personnel and infrastructure.”
L3Harris developed and invested in VAMPIRE at the beginning of the war in Ukraine to provide a low-cost solution to eliminate Russian drone threats. In 2026, L3Harris ramped up production of the VAMPIRE system, initiating high-volume production in Huntsville, Alabama. The new production line is a direct response to the United States and its allies’ need to combat the persistent drone threat.
About L3Harris Technologies
L3Harris is the Trusted Disruptor in defense tech. With customers’ mission-critical needs always in mind, our employees deliver end-to-end technology solutions connecting the space, air, land, sea and cyber domains in the interest of national security. Visit L3Harris.com for more information.
Forward-Looking Statements
This press release contains forward-looking statements that reflect management's current expectations, assumptions and estimates of future performance and economic conditions. Such statements are made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The company cautions investors that any forward-looking statements are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements. Statements about order values are forward-looking and involve risks and uncertainties. L3Harris disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
If you're like me, by now you're a bit tired of the massive hype surrounding this week's SpaceX initial public offering (IPO). Yes, when it goes public, the company -- officially, Space Exploration Technologies Corp. -- will make history, raising some $75 billion and likely achieving a market capitalization of $1.8 trillion, which is enormous.
Yet if you look at the history of IPOs, you might be a bit cautious about investing in SpaceX right away. IPOs don't always succeed, and even if they do, the days and weeks immediately after the IPO tend to present a very poor entry point. One research report by Truist examined 30 major tech IPOs over recent years and found that all experienced a significant drawdown in their first year of trading.
Plus, the SpaceX IPO is two times oversubscribed, so it could be difficult to purchase shares unless you're willing to outbid others once they begin trading. A better strategy is to wait for the almost inevitable dip in the price of the new shares and buy when the valuation makes sense.
Image source: Getty Images.
There are many space companies already trading publicly Until then, there are plenty of other space-economy stocks you should consider. And these stocks may even get a boost from SpaceX's IPO and the market enthusiasm it generates for space-related stocks. Here are a few:
Rocket Lab (RKLB 7.02%) is a launch provider that started out small but has expanded rapidly in recent years and now operates across different segments of the space economy, including launch and control systems for the space and defense industries, spacecraft design, engineering, and manufacturing.
The company has a market cap of about $66 billion. Revenue increased 38% last year to $602 million. Earnings are projected to grow 56% this year. The stock is up about 50% so far in 2026.
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-8.06
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Planet Labs (PL 9.10%) operates a constellation of satellites that capture images of Earth's surface for customers ranging from governments to farmers, who need the information on a regular basis. With a market cap of about $10.5 billion, it's a bit smaller than some other space companies, but the stock price increased eightfold over the past year, only to decline slightly after the company posted good first-quarter results when the market had expected extraordinary ones. This is a good stock to buy on that dip.
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L3Harris (LHX 1.37%) manufactures the engines needed to propel big objects into space. It expanded its space business in 2023 by acquiring Aerojet Rocketdyne. The stock is up 24% over the past year, but it sold off after Q1 results were announced earlier this year. Revenue and profit growth for the quarter were strong, but earnings guidance was considered disappointing. Still, this is a well-positioned company in a growing sector.
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The space economy is forecast to expand rapidly McKinsey estimates the space economy will rise from about $630 billion in 2023 to $1.8 trillion by 2035.
And there's another way to invest in that economy: the Ark Space Exploration & Innovation ETF (ARKX 1.16%), which is managed by Cathie Wood's Ark Invest. For those unfamiliar, Ark's exchange-traded funds (ETFs) are actively managed, focus on multidecade technological shifts (Ark calls them innovation platforms), and have a five-year investment horizon.
The ARKX ETF seeks to invest at least 80% of its funds in space and defense innovation stocks. It has about $893 million in net assets and is up about 12% this year and 46% over the past 52 weeks. With at least 35 different stocks, the fund is highly diversified, so investors can capture a broad swath of space and defense stocks with a single investment.
The space economy seems to have enormous potential, as evidenced by the enthusiasm for the SpaceX IPO due later this week. If you want to have a stake in it, there are many ways to do so.
