Teledyne vs L3Harris: why the prices moved differently

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

Teledyne Technologies Incorporated (TDY)

Q3 202619 Jun – 10 Sep 2026

▲3

Teledyne beats Q2, raises guidance, expands defense and X-ray with Varex deal

Strong Q2 earnings beat and raised guidance Teledyne reported adjusted earnings per share of $6.28, up 20.8% from a year ago, beating estimates. Sales rose 9.8% across all four business segments. Management raised full-year guidance to $24.45–$24.65.
This is the core financial result that drove investor confidence during the quarter.
Surge in defense and space orders Teledyne won several new defense and space contracts: German Army thermal sights, a U.S. Army infrared program, NASA's Roman telescope, and a $15.4 million European drone energetics contract that could grow beyond $50 million.
These orders signal strong future revenue and validate Teledyne's defense and space capabilities.
New product partnerships and AI software Teledyne launched new FLIR AI defense software and formed MEMS semiconductor partnerships. These innovations open new markets and strengthen its competitive position in advanced technologies.
Innovation is a key growth driver and supports long-term revenue expansion.
Varex Imaging acquisition expands X-ray business Teledyne agreed to acquire Varex Imaging for $1.1 billion, expanding into medical, security, and industrial X-ray markets. The deal closes in early 2027 and carries integration and execution risks.
This major acquisition is a significant strategic move but also introduces integration uncertainty.

August 202621 Aug – 10 Sep 2026

▲4

Teledyne's defense and space orders surge, guidance raised on strong demand

Q2 earnings beat and raised 2026 outlook Teledyne reported Q2 adjusted earnings of $6.28 per share, beating estimates by 8.7%, and raised full-year guidance to $24.45-$24.65. Sales rose 9.8% across all segments. This shows the company is growing faster than expected, which supports a higher stock price.
Earnings beat and raised guidance are direct positive drivers for TDY's price.
Acquisition of Varex Imaging for $1.1 billion Teledyne agreed to buy Varex Imaging for $1.1 billion in cash, expanding its X-ray detector business into medical, security, and industrial markets. The deal is expected to close in early 2027. It adds new products and revenue, but integration risks exist.
A major acquisition expands Teledyne's product portfolio and future earnings potential.
Defense and space contract wins accelerate Teledyne won German Army thermal weapon sight orders, was selected for a U.S. Army infrared program, and its sensors flew on NASA's Roman telescope and a weather satellite. These wins boost demand for its high-margin sensing and imaging products.
Multiple new defense and space orders signal strong demand and revenue growth.
New drone energetics contract in Europe Teledyne Energetics UK won a $15.4 million contract, potentially worth over $50 million, to supply energetics for European drone platforms. Deliveries start immediately. This reinforces Teledyne's role in European defense and adds a new revenue stream.
A concrete new order shows expanding demand for Teledyne's defense products.

Latest21 Aug – 10 Sep 2026

▲4

Teledyne's defense and space orders surge, guidance raised on strong demand

Q2 earnings beat and raised 2026 outlook Teledyne reported Q2 adjusted earnings of $6.28 per share, beating estimates by 8.7%, and raised full-year guidance to $24.45-$24.65. Sales rose 9.8% across all segments. This shows the company is growing faster than expected, which supports a higher stock price.
Earnings beat and raised guidance are direct positive drivers for TDY's price.
Acquisition of Varex Imaging for $1.1 billion Teledyne agreed to buy Varex Imaging for $1.1 billion in cash, expanding its X-ray detector business into medical, security, and industrial markets. The deal is expected to close in early 2027. It adds new products and revenue, but integration risks exist.
A major acquisition expands Teledyne's product portfolio and future earnings potential.
Defense and space contract wins accelerate Teledyne won German Army thermal weapon sight orders, was selected for a U.S. Army infrared program, and its sensors flew on NASA's Roman telescope and a weather satellite. These wins boost demand for its high-margin sensing and imaging products.
Multiple new defense and space orders signal strong demand and revenue growth.
New drone energetics contract in Europe Teledyne Energetics UK won a $15.4 million contract, potentially worth over $50 million, to supply energetics for European drone platforms. Deliveries start immediately. This reinforces Teledyne's role in European defense and adds a new revenue stream.
A concrete new order shows expanding demand for Teledyne's defense products.

July 202619 Jun – 22 Jul 2026

▲3

Teledyne beats Q2, raises guidance, expands defense AI products

Q2 earnings beat and raised full-year guidance Teledyne reported Q2 adjusted EPS of $6.28, beating estimates by 8.7% and up 20.8% year-over-year. Sales rose 9.8% to $1.66 billion, with growth across all four segments. Management raised full-year 2026 EPS guidance to $24.45–$24.65, above consensus, signaling strong momentum and boosting investor confidence.
This is the most recent and direct positive catalyst for TDY's stock price.
New FLIR AI software and defense partnerships Teledyne FLIR launched Prism Ground ISR AI software for ground surveillance and partnered with STORM to integrate its Black Recon system onto more vehicle platforms. These moves expand Teledyne's defense technology offerings and open new sales channels, supporting future revenue growth.
These product launches and partnerships are new developments that drive future demand.
Teledyne MEMS selected for semiconductor manufacturing projects Teledyne MEMS was chosen as manufacturing partner for two FABrIC Challenge award recipients, providing advanced MEMS expertise for health monitoring and automotive camera projects. This strengthens Teledyne's position in the semiconductor supply chain and could lead to new revenue streams.
This is a new partnership that highlights Teledyne's technological leadership and potential growth.

19 Jun – 22 Jul 2026

▲3

Teledyne beats Q2, raises guidance, expands defense AI products

Q2 earnings beat and raised full-year guidance Teledyne reported Q2 adjusted EPS of $6.28, beating estimates by 8.7% and up 20.8% year-over-year. Sales rose 9.8% to $1.66 billion, with growth across all four segments. Management raised full-year 2026 EPS guidance to $24.45–$24.65, above consensus, signaling strong momentum and boosting investor confidence.
This is the most recent and direct positive catalyst for TDY's stock price.
New FLIR AI software and defense partnerships Teledyne FLIR launched Prism Ground ISR AI software for ground surveillance and partnered with STORM to integrate its Black Recon system onto more vehicle platforms. These moves expand Teledyne's defense technology offerings and open new sales channels, supporting future revenue growth.
These product launches and partnerships are new developments that drive future demand.
Teledyne MEMS selected for semiconductor manufacturing projects Teledyne MEMS was chosen as manufacturing partner for two FABrIC Challenge award recipients, providing advanced MEMS expertise for health monitoring and automotive camera projects. This strengthens Teledyne's position in the semiconductor supply chain and could lead to new revenue streams.
This is a new partnership that highlights Teledyne's technological leadership and potential growth.

L3Harris Technologies Inc (LHX)

Q3 202629 Jun – 4 Oct 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 202630 Aug – 4 Oct 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.

Latest30 Aug – 4 Oct 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.

August 20264 Aug – 20 Aug 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.

4 Aug – 20 Aug 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.

July 202629 Jun – 30 Jul 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.

25 Jul – 30 Jul 2026

▲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.

29 Jun – 15 Jul 2026

▲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 202617 Jun – 25 Jun 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 202617 Jun – 25 Jun 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.

17 Jun – 25 Jun 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.