L3Harris Technologies stock gets a USD 876.4 million Navy contract

Published on 09/24/2026 at 22:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

L3Harris Technologies stock stood at USD 238.06 on September 24, 2026, after a 0.48 percent daily decline. Q2 revenue rose 8.4 percent to USD 5.88 billion.

Fotorealistisches Werksgelände mit Transportflugzeug und Antennenanlagen bei bewölktem Himmel — Fotorealistische Außenansicht einer Rüstungsfabrik von L3Harris Technologies zeigt Transportflugzeug, ISIN US5024311095, bewölkter Himmel, Illustration mit AI erstellt.

L3Harris Technologies (ISIN US5024311095) stood at USD 238.06 on the NYSE on September 24, 2026, down 0.48 percent from the previous close. The company also secured a USD 876.4 million Navy contract modification, giving the defense contractor a concrete order catalyst.

Navy award expands program visibility

According to Morningstar on September 24, 2026, the U.S. Defense Department awarded L3Harris an USD 876.4 million modification to an existing Navy contract. The work covers the jammer low band system, including equipment, cybersecurity, testing and evaluation.

The award matters because it adds funded activity to a program already in production and development. It also broadens the day's company-specific news beyond the share price, which was close to its 52-week low of USD 237.85 and far below its 52-week high of USD 379.23.

Q2 revenue beats the prior year

L3Harris generated USD 5.88 billion in Q2 2026 revenue, an 8.4 percent increase from the same quarter a year earlier. According to MarketBeat, quarterly EPS was USD 3.13, above the USD 2.80 consensus estimate by USD 0.33.

The comparison is important for the valuation debate: L3Harris delivered both year-over-year sales growth and an earnings beat, while its latest market capitalization stood at USD 44,331,273,975 on September 24, 2026. Management guidance cited in the same report calls for fiscal 2026 EPS of USD 11.80 to USD 12.00.

Stock remains near yearly low

At USD 238.06, L3Harris stock was USD 0.21 above its 52-week low and USD 141.17 below its 52-week high on September 24, 2026. The daily decline of 0.48 percent therefore came alongside a fresh contract award and operating figures that exceeded the Q2 consensus estimate.