US Space Force Declares L3Harris Technologies, Inc. (LHX)'s ATLAS Mission Ready

L3Harris Technologies, Inc. (NYSE:LHX) is among the 11 Best Military Drone Stocks to Buy According to Hedge Funds. On September 30, the company announced that the U.S. Space Force had declared operational acceptance for the ATLAS it had designed and built.

The Advanced Tracking and Launch Analysis System, or ATLAS, combines space domain awareness, intelligence, command and control, and data related to operations and system-readiness to enable warfighters to effectively respond to emerging anti-satellite threats.

Ed Zoiss, President, Space and Airborne Systems at L3Harris Technologies, Inc. (NYSE:LHX) stated the following on the development:

“This pivotal milestone aligns with Chief of Space Operations Gen. B. Chance Saltzman’s top priorities at the Space Force to help ensure space superiority, an essential element of our country’s national security. The Space Force requires timely, accurate, and relevant information to avoid operational surprise, and ATLAS meets this demand by providing essential and actionable space domain awareness.”

In March this year, L3Harris Technologies, Inc. (NYSE:LHX) was awarded a $90 million contract to develop, integrate, and provide astrometric tools to enhance the capabilities of ATLAS.

While we acknowledge the potential of LHX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 10 Best Money Making Stocks to Invest In and Renaissance Technologies Portfolio: 10 Biggest Stocks 

Disclosure: None.