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Wall Street often reacts to defense contracts, but today the market is responding to something bigger: a fundamental restructuring of how the government supports the defense industry. Shares of L3Harris Technologies NYSE: LHX climbed in the third week of January 2026, trading near all-time highs in the $350-$360 range.
L3Harris Technologies, Inc. secures a $1B Pentagon deal, fundamentally enhancing its long-term outlook and strategic positioning. The agreement involves the Pentagon taking convertible preferred equity in a spun-off missile propulsion entity, ensuring demand and visibility for up to 10 years. LHX will retain 51–60% ownership in the new company, which targets an IPO in H2 2026 and supplies criti...
Shares of L3Harris Technologies shot further into record territory Tuesday after the defense contractor became the latest company in which the U.S. government has taken an ownership stake.
The U.S. government will invest $1 billion in L3Harris Technologies' rocket motor business, guaranteeing a steady supply of the much-needed motors used in a wide range of missiles such as Tomahawks and Patriot interceptors.
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