L3Harris Technologies stock heads into October 29 results

Published on 10/07/2026 at 01:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

L3Harris Technologies stock carries a THAAD contract worth more than USD 6 billion from September 29, 2026. Q2 revenue reached USD 5.881 billion.

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L3Harris Technologies stock (ISIN US5024311095) was last at USD 237.90 on the NYSE on October 6, 2026, while the company prepares to report third-quarter results on October 29, 2026. L3Harris Technologies lists the release before the market opens.

THAAD contract expands capacity

On September 29, 2026, L3Harris Technologies announced an undefinitized contract from Lockheed Martin valued at more than USD 6 billion over seven years. The award covers expanded propulsion production for the Terminal High Altitude Area Defense system and includes a new manufacturing facility.

The contract follows a framework agreement designed to quadruple THAAD propulsion production. For investors, the value is the longer production runway, while the undefinitized structure leaves final pricing and delivery terms subject to completion.

Q2 figures set the benchmark

In Q2 2026, revenue reached USD 5.881 billion and diluted EPS was USD 3.13, according to MarketBeat. Revenue increased 8.4 percent from the prior-year quarter, while EPS exceeded the USD 2.80 consensus by USD 0.33.

The same report puts the broader analyst view at Moderate Buy, based on two Strong Buy, eight Buy and eight Hold ratings. The average price target of USD 355.92 lies 49.6 percent above the October 6 price of USD 237.90, creating a wide gap between operating performance and the stock's market valuation.

Stock remains below yearly peak

L3Harris stock traded within a USD 234.01 to USD 379.23 52-week range on October 6, 2026. Its market capitalization was USD 44.3 billion and volume reached 1,139,608 shares, giving the October 29 results release a clear valuation checkpoint.

The stock was last at USD 237.90 on the NYSE at 4:00 p.m. ET on October 6, 2026, up 0.43 percent from the prior close. The central question for the next report is whether the contract pipeline converts into revenue and margin progress at the pace implied by the long-term awards.