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L3Harris Wins US$400m THAAD Deal As Valuation Near Fair Value

Simply Wall St·02/17/2026 09:18:01
Listen to the news
  • L3Harris Technologies (NYSE:LHX) has secured a nearly $400 million contract tied to the THAAD missile defense system.
  • The award covers solid rocket boost motors and Liquid Divert and Attitude Control Systems for U.S. missile defense.
  • This new work reinforces the company’s role in key defense programs for the U.S. and allied nations.

L3Harris Technologies enters this contract with shares at $345.5 and a value score of 2, suggesting investors may already be pricing in some quality factors. The stock has returned 13.5% year to date and 79.9% over the past year, with gains of 73.3% over three years and 103.7% over five years. For holders of NYSE:LHX, this new THAAD award adds another concrete data point to assess alongside that track record.

The nearly $400 million THAAD contract gives investors additional information on L3Harris Technologies’ role in missile defense programs and the company’s participation in long cycle government work. For anyone tracking the defense sector, this development may be useful when comparing LHX with peers that are also involved in similar programs.

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NYSE:LHX Earnings & Revenue Growth as at Feb 2026
NYSE:LHX Earnings & Revenue Growth as at Feb 2026

4 things going right for L3Harris Technologies that this headline doesn't cover.

Quick Assessment

  • ⚖️ Price vs Analyst Target: At US$345.50 versus a consensus target of about US$382.37, L3Harris trades roughly 9.7% below the average target, which is close to the fair value band in this framework.
  • ⚖️ Simply Wall St Valuation: The shares are described as trading close to estimated fair value, so this contract is one more data point rather than a clear value mismatch.
  • ❌ Recent Momentum: The 30 day return of about 0.3% decline suggests the market has been cautious despite this THAAD award.

There is only one way to know the right time to buy, sell or hold L3Harris Technologies. Head to Simply Wall St's company report for the latest analysis of L3Harris Technologies's fair value.

Key Considerations

  • 📊 The nearly US$400m THAAD components contract underlines L3Harris's exposure to U.S. missile defense programs and long cycle government funding.
  • 📊 Keep an eye on order backlog, defense segment revenue mix and how this award filters through future revenue and earnings per share guidance.
  • ⚠️ With a P/E of about 40.2 versus an industry average near 40.7, valuation leaves limited margin for error if defense budgets or program timing change.

Dig Deeper

For the full picture including more risks and rewards, check out the complete L3Harris Technologies analysis. Alternatively, you can visit the community page for L3Harris Technologies to see how other investors believe this latest news will impact the company's narrative.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.