L3Harris builds surveillance planes, space sensors, radios, and night-vision gear for the military—think the tech backbone for how troops see, talk, and strike from above.
Revenue comes from long-term U.S. and allied defense contracts across four segments (e.g., Communication Systems, Space & Airborne). Fiscal 2025 revenue was USD 21.32B with a 25.9% gross margin and 7.0% net margin—steady, recurring government spending, not one
Hard to swap out once embedded in military platforms; switching costs are huge because systems are integrated and security-certified. But rivals like Northrop Grumman, Raytheon, and Lockheed compete fiercely for each new program, and margin pressure from fixed
Sell (sector percentile 18) — value B+, growth B-, profitability C, momentum D. Updated daily, sector-relative, identical for every user.
Key events, in time order
CEO departure and transition mark significant leadership change; reaffirmed outlook provides some stability
Q2 beat and raised EPS to $12, but rocket IPO delayed to 2027; stock fell ~10%.
DoD announces seven-year agreements to expand missile defense production; LHX named as beneficiary
SDA awards AMDT3 satellite production contract to support Golden Dome space-based capabilities
House Armed Services member buys defense contractor stock, draws scrutiny
Per WSJ, Trump will meet defense contractors including L3Harris to discuss ramping U.S. munitions production.
L3Harris reportedly working with banks on potential IPO of missile unit, could raise up to $2B per Bloomberg.
Contract covers VAMPIRE counter-UAS delivery, highlighting defense growth
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L3Harris Technologies is a top holding in the VistaShares Defense Supercycle ETF, indicating its significance in the aerospace and defense sector. The ETF's holdings highlight current investment themes.
Main discussion
Here are the top holdings in the VistaShares Defense Supercycle ETF $AMMO: 🥇 LIG Defense & Aerospace 4.17% weighting 🥈 Rheinmetall 4.08% 🥉 MP Materials $MP 3.61% 4. Mildef Group 3.21% 5. Palantir Technologies $PLTR 3.00% 6. Kitron 2.88% 7. Chemring Group 2.82% 8. Cohort 2.76% 9.
The US is literally telling you its investment watchlist: -> American Mining ($400M into $SRL / $SREMF that I called back in March). -> Space Transportation: - $SPCX - $RKLB - $ASTS - $FEIM (smaller cap, slightly higher risk play) -> Drones: - $AVAV - $UMAC - $ONDS -> Polysilicon
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Facts and opinions separated · All items sourced · Not investment advice
