L3Harris Technologies, Inc. (LHX) Secures $400M Contract to Power THAAD Interceptors

L3Harris Technologies, Inc. (NYSE:LHX) is among the 11 best military technology stocks to buy right now. On February 16, the company announced that it had landed a contract worth around $400 million to power THAAD interceptors.

Under the agreement, the defense contractor will manufacture and supply additional solid rocket boost motors and Liquid Divert and Attitude Control Systems (LDACS) for THAAD to protect the nation against advanced missile threats.

The company produces the solid rocket boost motors at its facilities in Huntsville and Camden, while the LDACS are built in Los Angeles. In 2024, L3Harris Technologies, Inc. (NYSE:LHX) completed the 1,000th delivery of both for THAAD to the Missile Defense Agency.

In other news, General Dynamics Electric Boat provided L3Harris a full-rate production contract this week to build and deliver communication systems for the Virginia and Columbia class submarines, reflecting the company’s rich legacy of supporting naval programs in the country.

L3Harris Technologies, Inc. (NYSE:LHX) provides end-to-end technology solutions that connect the air, land, space, sea, and cyber domains for national security.

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