← GE Aerospace overview

GE Aerospace vs L3Harris: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

GE Aerospace (GE)

Q3 2026
▲3▼1

GE Aerospace hits record orders, raises guidance, but faces valuation and certification risks

  • Record orders and backlog GE Aerospace reported record orders and a services backlog exceeding $170 billion, including a large IndiGo LEAP order at Farnborough. This locks in years of high-margin maintenance revenue and signals strong demand.

    This point highlights the key positive driver of revenue visibility and demand strength.

  • Raised free cash flow guidance and strategic acquisition GE raised its 2026 free cash flow guidance to $8.9–9.2 billion and acquired castings supplier CPP for $11.75 billion to control its supply chain. This improves cash generation and supply chain resilience.

    This point shows management's confidence and a strategic move to address supply chain issues.

  • Accelerating defense demand Defense demand accelerated on rising global budgets, with a record $210 billion backlog and a $2.9 billion Navy contract. This adds a stable, high-margin revenue stream and diversifies from commercial aerospace.

    This point underscores the growing defense segment as a key growth driver.

  • Valuation and operational risks Risks persist: a rich valuation (38–46x earnings) leaves little room for error, commercial engine margins fell 160bps, and the FAA delayed 737 MAX 10 certification over a GE software defect. Supply-chain constraints and a potential U.S. Bombardier jet ban also weigh.

    This point provides the necessary counterweight, highlighting challenges that could pressure the stock.

August 2026
▲2▼2

GE raises guidance on strong services and defense, but margin dip and MAX 10 delay weigh

  • Raised 2026 guidance and strong segment growth GE raised full-year profit, revenue, and cash-flow forecasts, with services revenue guidance up to $5B, commercial engines revenue up 27%, and defense up 16%. This reflects robust demand and execution.

    This is a key positive development that directly boosts investor confidence and the stock's outlook.

  • Major defense contract wins GE won a $2.9B Navy F414 support contract, plus J85 and South Korea marine turbine orders. These add to the backlog and support future revenue, though some are long-term.

    These contract wins are new and reinforce GE's defense growth story, a positive driver.

  • Commercial engine margin decline and stock drop A 160-basis-point decline in commercial engine margins triggered a nearly 5% stock drop. With valuation at 38x earnings, there's little room for error, making investors jittery.

    This margin decline is a new negative event that directly caused a sharp stock price reaction.

  • FAA delays 737 MAX 10 certification over GE software defect The FAA delayed 737 MAX 10 certification due to a GE software defect, potentially hurting LEAP engine demand. This regulatory setback adds uncertainty to GE's commercial outlook.

    This is a new regulatory risk that could impact future LEAP sales and investor sentiment.

Latest
▲3▼1

GE raises outlook, fixes GE9X, but MAX 10 software snag weighs

  • GE raises 2026 guidance on strong services demand GE lifted its full-year 2026 revenue, profit, and free cash flow forecasts, citing strong commercial services growth and a $170 billion services backlog. This tells investors the business is performing better than expected, which supports a higher stock price.

    This is a new event that directly boosts earnings expectations and investor confidence.

  • GE9X fix progresses, 777X on track GE began shipping redesigned GE9X engines to Boeing and expects FAA certification within months, keeping the 777X on schedule for 2027. Removing this technical risk reassures investors that a major future revenue source is secure, supporting the stock.

    This is a new positive development that reduces uncertainty around a key engine program.

  • FAA delays 737 MAX 10 certification over GE software defect The FAA will not certify Boeing's 737 MAX 10 until a software flaw, supplied by GE, is fixed. This could delay aircraft deliveries and reduce demand for GE's LEAP engines, weighing on the stock.

    This is a new negative event that could hurt future engine orders and revenue.

  • Commercial engines unit posts 27% revenue growth GE's commercial engines segment saw Q2 revenue jump 27% with orders up 18% and deliveries up 26%, driven by major airline orders. This shows strong demand for GE's engines and services, which should lift future profits and the stock price.

    This is a new data point confirming robust demand in GE's core business.

September 2026
▲3

GE buys castings supplier, raises cash outlook, defense backlog hits record

  • Acquires castings supplier CPP for $11.75B GE agreed to buy CPP, a castings supplier, for $11.75 billion. This gives GE control over a critical engine supply chain and is expected to add to earnings in the first year.

    This is a major new deal that reshapes GE's supply chain and earnings outlook.

  • Raises 2026 free cash flow forecast GE lifted its 2026 free cash flow forecast to $8.9–$9.2 billion. That extra cash supports more share buybacks and dividends, returning money to shareholders.

    This is a new, concrete financial upgrade that directly boosts shareholder returns.

  • Defense backlog hits record $210B Defense revenue grew 16% and the backlog reached a record $210 billion. A large backlog means future revenue is already booked, giving GE more visibility and stability.

    This is a new milestone that underscores strong defense demand and future revenue visibility.

  • GE9X fix and GEK800 milestone, but risks remain The GE9X mid-seal fix progressed, keeping the Boeing 777X on track, and the GEK800 missile engine achieved ignition. But a potential U.S. ban on Bombardier jets could hurt engine demand, and GEK800 revenue is years away.

    This captures both positive technical progress and real risks that could affect future demand.

▲4

GE raises cash and profit outlook, buys castings supplier to secure engine supply

  • GE lifts 2026 free cash flow forecast to $8.9–$9.2B GE raised its 2026 free cash flow forecast to $8.9–$9.2 billion from $8.0–$8.4 billion, and it is returning lots of cash to shareholders through buybacks and a higher dividend. More cash and buybacks make each share worth more, which supports the stock.

    This is a new, concrete financial upgrade that directly boosts investor confidence in GE's cash generation.

  • GE to buy castings maker CPP for $11.75B GE agreed to buy Consolidated Precision Products, a key supplier of precision castings for jet engines, for $11.75 billion. The deal gives GE more control over a critical supply chain and is expected to add to earnings in the first year, helping the stock.

    This is the period's biggest strategic move, directly addressing supply bottlenecks and expanding defense exposure.

  • GE9X mid-seal fix progresses, 777X on track GE redesigned the GE9X engine's mid-seal and started shipping engines with the new part. Management says this should not delay the Boeing 777X's entry into service, and FAA approval is expected soon. Removing a key risk supports the stock.

    This resolves a major technical and regulatory overhang that could have delayed a key engine program.

  • GEK800 missile engine ignites successfully GE and Kratos successfully ignited the GEK800 turbofan for cruise missiles, a key development milestone. It opens a new defense market, though revenue is years away, so the boost is mostly sentiment.

    This is a new technology milestone that broadens GE's defense portfolio and supports future growth.

▲3▼1

GE to buy castings maker CPP for $11.75B, boosting defense and supply control

  • GE to acquire Consolidated Precision Products for $11.75B GE agreed to buy CPP, a key supplier of precision castings for jet engines, for $11.75 billion in cash and debt. The deal expands GE's control over a critical supply chain and is expected to add to earnings and cash flow in the first year, supporting the stock.

    This is the major new event of the period and directly explains why GE is moving.

  • Defense segment grows 16% with $210B backlog GE's defense unit posted 16% revenue growth to $3.4 billion, with operating profit up 18% and a record $210 billion backlog. Recent contract wins drove orders up 12%, showing strong demand for GE's military engines and services.

    This new data point shows underlying business strength that supports the stock.

  • Aerospace M&A accelerates, validating GE's strategy Aerospace supply chain deals are surging, with 154 deals in January-August, nearing the record. GE's CPP purchase is part of this trend, as buyers gain confidence from Boeing and Airbus production plans. This supports GE's growth outlook.

    This new trend reinforces the rationale for GE's acquisition and industry demand.

  • Potential Bombardier U.S. sales ban threatens engine orders A possible U.S. ban on Bombardier jet sales could hurt GE, which supplies engines for Bombardier's Global 7500/8000. The U.S. is Bombardier's largest market, so a ban would reduce demand for GE engines and disrupt the supply chain.

    This is a new risk that could weigh on GE's stock if it materializes.

▲4

GE raises profit outlook as defense orders pile up

  • 2026 profit outlook raised despite margin dip GE lifted its full-year 2026 operating profit guidance to $10.55-$10.75 billion from $9.85-$10.25 billion, even though operating margin slipped to 21.7% on higher costs and R&D. A higher profit target tells investors earnings will keep growing, which supports the stock.

    A guidance raise is the single biggest new fact moving the stock's earnings outlook.

  • $2.9B Navy contract for F414 engine support GE won a five-year, up-to $2.875 billion Navy contract to provide logistics support for F414 engines used in F/A-18 jets. Long-term service deals bring steady, repeat income and lock in revenue through 2031, which supports the stock.

    This is the largest new contract and adds durable services revenue.

  • Defense wins: J85 modification and South Korea destroyers GE added a $319.5 million J85 engine contract option running to 2028 and an order for 12 LM2500+G4 marine turbines for South Korea's KDDX destroyers. More defense and marine orders broaden GE's revenue beyond commercial aviation, helping the stock.

    These are new orders that show defense demand widening beyond the core engine business.

  • GEK800 missile engine gets U.S. military designation GE and Kratos won an Air Force development contract for their GEK800 engine, now designated F143, as a second engine source for the JASSM missile. It opens a new small-engine defense market, though revenue is years away, so the boost is mostly sentiment.

    A new program win signals future defense growth, though it is early-stage.

▲3▼1

GE's engine boom lifts outlook, but margin slip and high valuation cap gains

  • Services revenue forecast raised to $5B GE lifted its 2026 services revenue growth estimate to $5 billion from $4 billion, after services orders jumped 34% in the first half. More services revenue means steadier, higher-profit income, which supports a higher stock price.

    This is a new, concrete upgrade to GE's financial outlook that directly boosts future earnings expectations.

  • Commercial engines revenue jumps 27% on aftermarket demand GE's Commercial Engines & Services revenue surged 27% to $9.73 billion, with services up 26% and LEAP deliveries up 24%. Strong demand for engine repairs and parts drives recurring profit, pushing the stock up.

    This new data confirms the core business is growing faster than expected, a key driver of the stock's value.

  • Defense unit revenue rises 16% with strong orders GE's Defense & Propulsion Technologies segment grew revenue 16% and operating profit 18%, with orders up 12%. Defense is a smaller but stable business, and its growth adds diversification and profit, helping the stock.

    This new segment-level growth shows GE is firing on multiple cylinders, supporting the overall investment case.

  • Margin slip triggers valuation reset despite Q2 beat GE beat Q2 estimates but a 160-basis-point margin decline in commercial engines caused a nearly 5% stock drop. At 38 times earnings, any operational hiccup scares investors, so the stock fell even as cash flow rose 43%.

    This is the main counterweight: high expectations mean even good results can disappoint if margins slip, capping the stock's rise.

July 2026
▲3▼1

GE Aerospace surges on record orders, raised guidance, Farnborough deals

  • Record orders and $170B+ services backlog lock in growth GE's services backlog exceeds $170 billion, locking in years of high-margin maintenance revenue. Record orders, including a huge IndiGo LEAP deal at Farnborough, signal strong future demand and underpin the bullish outlook.

    This is the core driver of GE's long-term revenue visibility and was highlighted as a key positive in the period.

  • Q2 beat and raised 2026 guidance boost confidence GE reported better-than-expected Q2 results and raised its full-year 2026 guidance, reflecting strong execution and demand. This positive surprise lifted investor confidence and supported the stock price.

    The earnings beat and guidance raise are new positive developments that directly influenced price during the period.

  • Defense demand accelerates on rising global budgets Rising global defense budgets are driving increased demand for GE's military engines and services. New defense MRO agreements add recurring revenue, providing a tailwind alongside commercial aerospace strength.

    Defense demand acceleration is a new positive factor that broadens GE's growth beyond commercial aviation.

  • High valuation and supply-chain risks cap upside GE trades at 46x trailing earnings, above average analyst targets, leaving little room for disappointment. Supply-chain disruptions and production constraints persist, potentially capping gains if execution stumbles.

    This is the main counterweight: valuation and operational risks that could limit further price appreciation.

▲4

GE beats, raises guidance, and wins record engine orders at Farnborough

  • Q2 beat and raised 2026 guidance GE beat Q2 estimates with EPS of $2.02 and revenue of $12.63B, then raised full-year EPS, profit, and free cash flow guidance. This shows the business is growing faster than expected, which supports a higher stock price.

    This is the core new financial event that directly drives the stock and answers why GE is moving.

  • Record 1,800 engine commitments at Farnborough GE wrapped Farnborough with about 1,800 engine commitments, including a record IndiGo order for over 1,000 LEAP-1A engines and GEnx wins from AerCap and Philippine Airlines. These orders lock in future revenue and services work, boosting long-term growth.

    This is a major new demand event that adds to the backlog and supports future earnings.

  • Hybrid-electric flight milestone above 30,000 feet GE, with NASA, BETA, and Boeing, flew a hybrid-electric propulsion system above 30,000 feet for the first time. This proves next-generation technology, which can open new markets and keep GE ahead of rivals, supporting the stock.

    This is a new technology milestone that shows future growth potential and competitive strength.

  • Defense sustainment and MRO agreements expand aftermarket GE signed MOUs with Magellan Aerospace for F414 engine sustainment in Canada and with Turkish Technic for MRO support. These deals add high-margin services revenue if programs proceed, strengthening GE's defense aftermarket.

    This is a new defense services expansion that adds recurring revenue and supports the stock.

▲3

GE's record orders and backlog keep multi-year growth story on track

  • Record orders and backlog lock in years of growth GE's total orders nearly doubled to $23 billion, with commercial engine orders up 93% and defense orders up 67%. Its services backlog exceeds $170 billion, locking in high-margin maintenance revenue for years as the engine fleet grows. This gives investors confidence in steady future cash flow and supports the stock price.

    This is the core new fundamental driver showing demand strength and future revenue visibility.

  • Defense demand accelerates on rising global budgets Governments are boosting military spending, with the U.S. proposing a $1.5 trillion defense budget for 2027. GE's defense unit orders jumped 67%, and potential F110 engine sales to Turkey add upside. This expanding defense demand provides a second growth engine alongside commercial aerospace.

    Defense is a new and growing demand driver that adds to GE's revenue outlook.

  • Aftermarket upcycle drives high-margin services Strong air travel and older fleets are boosting demand for engine maintenance, repair, and spare parts. GE's services revenue rose 39%, and this high-margin business is still in the early-to-middle stages of a multi-year upcycle. This supports profit growth and cash flow.

    The aftermarket is a key profit driver and its upcycle is a major reason for investor confidence.

  • Valuation and supply constraints are watch items GE trades at 46 times trailing earnings, above the average analyst target, leaving little room for disappointment. Supply-chain disruptions and production constraints persist, though they also extend older fleet lives. These factors could cap upside if execution stumbles.

    This is the main counterweight to the positive story, giving a fair picture of risks.

Q2 2026
▲3

GE's profit grows on record $170B services backlog and buybacks

  • Record $170B services backlog drives recurring revenue GE's commercial services backlog tops $170 billion, with services revenue up 39% and engine orders jumping 67% to $6.2 billion. This large backlog locks in years of high-margin maintenance revenue as the installed engine base grows, giving investors confidence in steady future cash flow.

    The services backlog is the core growth engine behind GE's earnings and stock performance.

  • 30.6% dividend hike and $2.2B buyback return cash GE raised its quarterly dividend 30.6% to 36 cents and repurchased $2.2 billion of stock under a new $20 billion authorization. With $11 billion in cash and $8–8.4 billion free cash flow expected, these shareholder returns signal management's confidence and support the stock price.

    Capital returns directly boost shareholder value and reflect strong cash generation.

  • Profit up 18% but margin squeezed by rising costs Operating profit rose 18% to $2.5 billion, yet margin fell 200 basis points to 21.8% as costs jumped. Management also cut its global flight departures outlook. While full-year profit guidance implies 10.4% growth, the margin pressure and cautious demand view are a real counterweight.

    This is the main negative offset to GE's otherwise strong growth story.

  • Technology bets in silicon carbide and space deepen moat GE signed an MoU with Wolfspeed on high-voltage silicon carbide power modules and supported Starfighters Space's design review. These moves tie aerospace, power electronics, and space tech closer, positioning GE for future defense and energy platforms, though financial impact will take time.

    Long-term technology leadership supports future growth and competitive positioning.

June 2026
▲3

GE's profit grows on record $170B services backlog and buybacks

  • Record $170B services backlog drives recurring revenue GE's commercial services backlog tops $170 billion, with services revenue up 39% and engine orders jumping 67% to $6.2 billion. This large backlog locks in years of high-margin maintenance revenue as the installed engine base grows, giving investors confidence in steady future cash flow.

    The services backlog is the core growth engine behind GE's earnings and stock performance.

  • 30.6% dividend hike and $2.2B buyback return cash GE raised its quarterly dividend 30.6% to 36 cents and repurchased $2.2 billion of stock under a new $20 billion authorization. With $11 billion in cash and $8–8.4 billion free cash flow expected, these shareholder returns signal management's confidence and support the stock price.

    Capital returns directly boost shareholder value and reflect strong cash generation.

  • Profit up 18% but margin squeezed by rising costs Operating profit rose 18% to $2.5 billion, yet margin fell 200 basis points to 21.8% as costs jumped. Management also cut its global flight departures outlook. While full-year profit guidance implies 10.4% growth, the margin pressure and cautious demand view are a real counterweight.

    This is the main negative offset to GE's otherwise strong growth story.

  • Technology bets in silicon carbide and space deepen moat GE signed an MoU with Wolfspeed on high-voltage silicon carbide power modules and supported Starfighters Space's design review. These moves tie aerospace, power electronics, and space tech closer, positioning GE for future defense and energy platforms, though financial impact will take time.

    Long-term technology leadership supports future growth and competitive positioning.

▲3

GE's profit grows on record $170B services backlog and buybacks

  • Record $170B services backlog drives recurring revenue GE's commercial services backlog tops $170 billion, with services revenue up 39% and engine orders jumping 67% to $6.2 billion. This large backlog locks in years of high-margin maintenance revenue as the installed engine base grows, giving investors confidence in steady future cash flow.

    The services backlog is the core growth engine behind GE's earnings and stock performance.

  • 30.6% dividend hike and $2.2B buyback return cash GE raised its quarterly dividend 30.6% to 36 cents and repurchased $2.2 billion of stock under a new $20 billion authorization. With $11 billion in cash and $8–8.4 billion free cash flow expected, these shareholder returns signal management's confidence and support the stock price.

    Capital returns directly boost shareholder value and reflect strong cash generation.

  • Profit up 18% but margin squeezed by rising costs Operating profit rose 18% to $2.5 billion, yet margin fell 200 basis points to 21.8% as costs jumped. Management also cut its global flight departures outlook. While full-year profit guidance implies 10.4% growth, the margin pressure and cautious demand view are a real counterweight.

    This is the main negative offset to GE's otherwise strong growth story.

  • Technology bets in silicon carbide and space deepen moat GE signed an MoU with Wolfspeed on high-voltage silicon carbide power modules and supported Starfighters Space's design review. These moves tie aerospace, power electronics, and space tech closer, positioning GE for future defense and energy platforms, though financial impact will take time.

    Long-term technology leadership supports future growth and competitive positioning.

L3Harris Technologies Inc (LHX)

Q3 2026
▲3▼1

L3Harris wins big contracts but CEO ousted and IPO delayed

  • Major contract wins across defense programs L3Harris won a $614M USSOCOM countermeasure deal, up to $499.6M from the Missile Defense Agency, an $84M Army radio order, 18 missile-tracking satellites, a $139M Navy submarine masts contract, Vampire counter-drone selection, and a $461.9M satellite communications award. These wins show strong demand across multiple defense areas.

    These new contracts are the main positive force driving future revenue and investor confidence.

  • Lockheed Martin propulsion contracts for PAC-3 and THAAD L3Harris secured Lockheed Martin contracts for PAC-3 ($4.7B) and THAAD ($6B+) propulsion, reinforcing its role as a key supplier for missile defense systems. This adds significant long-term revenue potential.

    These large contracts are new and directly boost L3Harris's order book and growth outlook.

  • Strong Q2 earnings beat and raised guidance L3Harris reported Q2 EPS of $3.13, beating expectations, and raised its full-year guidance. This reflects solid operational execution and supports a positive earnings trajectory.

    The earnings beat and guidance raise are new financial results that signal company health.

  • CEO ousted, IPO delayed, and defense sector selloff CEO Christopher Kubasik was abruptly ousted over a conduct violation, the Missile Solutions IPO was delayed to mid-2027, and defense stocks sold off over 20% on already-priced-in expectations. A stalled defense spending bill also threatens funding. These issues create uncertainty and pressure the stock.

    These negative events are new and explain the 11% share price decline during the period.

September 2026
▲4

L3Harris wins major defense contracts as missile demand surges

  • Navy submarine masts contract L3Harris won a $139 million Navy contract to make photonics masts for submarines, with work funded through 2030. This adds steady, long-term revenue and shows the Navy relies on L3Harris for key submarine parts, supporting the stock.

    New contract win directly adds to backlog and revenue visibility.

  • Navy counter-drone selection and PAC-3 propulsion deal The Navy picked L3Harris's Vampire counter-drone system, and L3Harris disclosed a $4.7 billion Lockheed Martin contract for PAC-3 missile propulsion—its largest ever. Both reflect rising Pentagon demand for drones and missile defense, boosting future sales.

    Two new contract wins show growing demand and expand L3Harris's order book.

  • THAAD propulsion contract over $6 billion L3Harris secured a seven-year, over $6 billion contract from Lockheed Martin to expand THAAD missile propulsion production. This concrete order feeds its backlog and confirms L3Harris's key role in missile defense, even as the stock has fallen recently.

    Large new contract directly boosts future revenue and backlog.

  • Satellite communications contract $461.9M L3Harris won a $461.9 million contract to provide satellite communications for executive airlift aircraft through 2028. This adds another steady revenue stream and reinforces its space and communications business.

    New contract win adds to backlog and revenue.

Latest
▲4

L3Harris wins major defense contracts as missile demand surges

  • Navy submarine masts contract L3Harris won a $139 million Navy contract to make photonics masts for submarines, with work funded through 2030. This adds steady, long-term revenue and shows the Navy relies on L3Harris for key submarine parts, supporting the stock.

    New contract win directly adds to backlog and revenue visibility.

  • Navy counter-drone selection and PAC-3 propulsion deal The Navy picked L3Harris's Vampire counter-drone system, and L3Harris disclosed a $4.7 billion Lockheed Martin contract for PAC-3 missile propulsion—its largest ever. Both reflect rising Pentagon demand for drones and missile defense, boosting future sales.

    Two new contract wins show growing demand and expand L3Harris's order book.

  • THAAD propulsion contract over $6 billion L3Harris secured a seven-year, over $6 billion contract from Lockheed Martin to expand THAAD missile propulsion production. This concrete order feeds its backlog and confirms L3Harris's key role in missile defense, even as the stock has fallen recently.

    Large new contract directly boosts future revenue and backlog.

  • Satellite communications contract $461.9M L3Harris won a $461.9 million contract to provide satellite communications for executive airlift aircraft through 2028. This adds another steady revenue stream and reinforces its space and communications business.

    New contract win adds to backlog and revenue.

August 2026
▲2▼1

CEO exit jolts L3Harris, but defense demand and space deals stay strong

  • CEO and chairman ousted over conduct violation L3Harris abruptly replaced Chairman and CEO Christopher Kubasik after a board investigation found his conduct violated the company's code. The stock fell 4.6% on the news. Leadership uncertainty can weigh on shares, though the company reaffirmed its 2026 financial outlook and said the matter did not affect operations or reporting.

    This is the single biggest new event and the main reason the stock moved this period.

  • Pentagon pushes for faster weapons production The Pentagon gave defense contractors 21 days to propose faster deliveries and higher output of priority weapons, citing severe shortages of missile interceptors after the Iran conflict. L3Harris, a major missile and communications supplier, could win additional orders and capacity funding. A stalled defense spending bill in Congress is a risk to how much actually gets funded.

    This is a new demand catalyst that directly affects L3Harris's order pipeline.

  • Space and missile defense contract wins L3Harris completed the $845 million sale of a majority stake in its commercial space unit, keeping about 40% and using proceeds to invest in growth. It also won a $12 million Space Force contract to help break SpaceX's orbital monopoly, and its missile defense mission added Intuitive Machines as a supplier of 18 spacecraft platforms.

    These new deals show L3Harris is winning work and raising cash for investment, supporting future revenue.

▲2▼1

CEO exit jolts L3Harris, but defense demand and space deals stay strong

  • CEO and chairman ousted over conduct violation L3Harris abruptly replaced Chairman and CEO Christopher Kubasik after a board investigation found his conduct violated the company's code. The stock fell 4.6% on the news. Leadership uncertainty can weigh on shares, though the company reaffirmed its 2026 financial outlook and said the matter did not affect operations or reporting.

    This is the single biggest new event and the main reason the stock moved this period.

  • Pentagon pushes for faster weapons production The Pentagon gave defense contractors 21 days to propose faster deliveries and higher output of priority weapons, citing severe shortages of missile interceptors after the Iran conflict. L3Harris, a major missile and communications supplier, could win additional orders and capacity funding. A stalled defense spending bill in Congress is a risk to how much actually gets funded.

    This is a new demand catalyst that directly affects L3Harris's order pipeline.

  • Space and missile defense contract wins L3Harris completed the $845 million sale of a majority stake in its commercial space unit, keeping about 40% and using proceeds to invest in growth. It also won a $12 million Space Force contract to help break SpaceX's orbital monopoly, and its missile defense mission added Intuitive Machines as a supplier of 18 spacecraft platforms.

    These new deals show L3Harris is winning work and raising cash for investment, supporting future revenue.

July 2026
▲2▼2

L3Harris wins contracts but IPO delay and high expectations drag stock

  • Major contract wins L3Harris won a $614M USSOCOM countermeasure contract, a follow-on Missile Defense Agency award worth up to $499.6M, an $84M Army radio order, and a Space Force deal for 18 missile-tracking satellites. These wins show strong demand across defense and space.

    These new contracts are key positive developments that could drive future revenue.

  • Strong Q2 earnings and raised guidance L3Harris reported Q2 earnings per share of $3.13, beating expectations, and raised its 2026 guidance. A seven-year, ~$12B THAAD/PAC-3 framework also adds long-term visibility. This signals solid financial health and growth prospects.

    Earnings beat and raised guidance are fundamental positives for the stock.

  • Missile Solutions IPO delayed The planned Missile Solutions IPO was delayed to at least mid-2027 due to poor market conditions, causing shares to drop 11% despite the earnings beat. The delay removes a near-term catalyst and signals market challenges.

    This delay directly hurt investor sentiment and stock price.

  • Defense sector sell-off on high expectations Defense stocks fell over 20% even as $37.5B in Iran war spending was announced, because investors had already priced in a windfall. This shows that strong news may not lift shares when expectations are too high.

    This sector-wide pressure weighed on L3Harris despite positive company news.

▲2▼2

L3Harris beats earnings, raises guidance, but missile IPO delay sinks stock

  • Q2 earnings beat and raised 2026 guidance L3Harris reported Q2 EPS of $3.13, beating estimates, and raised full-year EPS guidance to $11.80-$12.00 and revenue to $23.2-$23.7B. This shows the core business is growing and more profitable than expected, which supports a higher stock price over time.

    This is the main positive fundamental news that would normally lift the stock and shows underlying business strength.

  • Seven-year $12B THAAD/PAC-3 framework agreement L3Harris signed a seven-year framework agreement for THAAD and PAC-3 production, representing about $12 billion in future revenue and $2 billion in profit. This locks in long-term demand for missile defense products, boosting revenue visibility and investor confidence.

    This is a major new contract that significantly adds to backlog and future earnings, a key driver of the stock's value.

  • Missile Solutions IPO delayed to mid-2027 L3Harris delayed the planned spinoff and IPO of its missile business until at least mid-2027, citing poor market conditions. Investors who expected a near-term payout or value unlock were disappointed, causing the stock to drop 11% despite strong earnings.

    This is the immediate cause of the stock's sharp decline and a key negative driver this period.

  • Defense stocks fall despite war spending; good news priced in Even with $37.5 billion spent on the Iran war, L3Harris shares have fallen over 20% as investors had already priced in a defense windfall. This shows that positive news may not lift the stock if expectations were too high, a real counterweight to the bullish contracts.

    This explains the broader negative sentiment and why the stock has been weak despite contract wins, providing important context.

▲4

L3Harris wins new defense contracts, expands space and communications footprint

  • USSOCOM RF countermeasure contract L3Harris won a $614 million contract to support USSOCOM's radio frequency countermeasure systems. This steady, long-term support work adds to its backlog and reinforces its role in electronic warfare, supporting future revenue.

    New contract award directly boosts demand for L3Harris's services.

  • Missile Defense Agency follow-on contract L3Harris secured a follow-on contract worth up to $499.6 million for the Missile Defense Agency's Flight Test Airborne Sensor program. This extends its work on missile defense testing, providing long-term revenue visibility through 2036.

    New contract award shows continued demand for L3Harris's missile defense services.

  • Army NGC2 manpack radio order The U.S. Army awarded L3Harris $84 million for Next Generation Command and Control manpack radios. This is the second order under the program, showing growing adoption of its tactical communications gear and supporting future sales.

    New order demonstrates expanding demand for L3Harris's communications products.

  • Space Force missile-tracking satellite contract L3Harris won a contract to build 18 missile-tracking satellites for the U.S. Space Force's Golden Dome system. This large award expands its space business and positions it for more work in missile defense, a growing priority.

    New major contract in space defense, a key growth area for L3Harris.

Q2 2026
▲4

L3Harris expands missile and comms output as defense demand builds

  • Counter-drone partnership with Skydagger L3Harris will integrate Skydagger's interceptor technology into its Vampire counter-drone system, with any new interceptor drone made in the U.S. for allied militaries. This strengthens its product lineup in a fast-growing area of defense spending, supporting future revenue.

    New partnership expands L3Harris's counter-drone offerings, a key growth area.

  • First VC-25B Bridge aircraft delivered to Air Force L3Harris delivered the first VC-25B Bridge aircraft to the U.S. Air Force, a modified 747-8i that will serve as a temporary Air Force One. The milestone confirms execution on a high-profile government contract and supports future demand for similar modifications.

    Major delivery milestone that validates L3Harris's ability to win and execute large government programs.

  • Missile production surge and Axyv IPO highlight growth Gabelli's Bancroft sees a multi-year missile production surge, noting L3Harris's Missile Solutions revenue rose 18% to $990 million and its planned Axyv IPO could raise up to $2 billion. This points to strong demand and a potential catalyst for the stock.

    Analyst highlights missile growth and upcoming IPO as key drivers for L3Harris.

  • PAC-3 propulsion expansion and German Falcon orders L3Harris broke ground on two self-funded PAC-3 propulsion facilities in Arkansas and won two Foreign Military Sales orders for Falcon systems for Germany. Both moves expand capacity and demand, reinforcing its role in missile propulsion and NATO communications.

    New capacity and orders directly support revenue growth in key defense segments.

June 2026
▲4

L3Harris expands missile and comms output as defense demand builds

  • Counter-drone partnership with Skydagger L3Harris will integrate Skydagger's interceptor technology into its Vampire counter-drone system, with any new interceptor drone made in the U.S. for allied militaries. This strengthens its product lineup in a fast-growing area of defense spending, supporting future revenue.

    New partnership expands L3Harris's counter-drone offerings, a key growth area.

  • First VC-25B Bridge aircraft delivered to Air Force L3Harris delivered the first VC-25B Bridge aircraft to the U.S. Air Force, a modified 747-8i that will serve as a temporary Air Force One. The milestone confirms execution on a high-profile government contract and supports future demand for similar modifications.

    Major delivery milestone that validates L3Harris's ability to win and execute large government programs.

  • Missile production surge and Axyv IPO highlight growth Gabelli's Bancroft sees a multi-year missile production surge, noting L3Harris's Missile Solutions revenue rose 18% to $990 million and its planned Axyv IPO could raise up to $2 billion. This points to strong demand and a potential catalyst for the stock.

    Analyst highlights missile growth and upcoming IPO as key drivers for L3Harris.

  • PAC-3 propulsion expansion and German Falcon orders L3Harris broke ground on two self-funded PAC-3 propulsion facilities in Arkansas and won two Foreign Military Sales orders for Falcon systems for Germany. Both moves expand capacity and demand, reinforcing its role in missile propulsion and NATO communications.

    New capacity and orders directly support revenue growth in key defense segments.

▲4

L3Harris expands missile and comms output as defense demand builds

  • Counter-drone partnership with Skydagger L3Harris will integrate Skydagger's interceptor technology into its Vampire counter-drone system, with any new interceptor drone made in the U.S. for allied militaries. This strengthens its product lineup in a fast-growing area of defense spending, supporting future revenue.

    New partnership expands L3Harris's counter-drone offerings, a key growth area.

  • First VC-25B Bridge aircraft delivered to Air Force L3Harris delivered the first VC-25B Bridge aircraft to the U.S. Air Force, a modified 747-8i that will serve as a temporary Air Force One. The milestone confirms execution on a high-profile government contract and supports future demand for similar modifications.

    Major delivery milestone that validates L3Harris's ability to win and execute large government programs.

  • Missile production surge and Axyv IPO highlight growth Gabelli's Bancroft sees a multi-year missile production surge, noting L3Harris's Missile Solutions revenue rose 18% to $990 million and its planned Axyv IPO could raise up to $2 billion. This points to strong demand and a potential catalyst for the stock.

    Analyst highlights missile growth and upcoming IPO as key drivers for L3Harris.

  • PAC-3 propulsion expansion and German Falcon orders L3Harris broke ground on two self-funded PAC-3 propulsion facilities in Arkansas and won two Foreign Military Sales orders for Falcon systems for Germany. Both moves expand capacity and demand, reinforcing its role in missile propulsion and NATO communications.

    New capacity and orders directly support revenue growth in key defense segments.

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