US Market News
2週前
L3Harris Plans Arkansas Facility Expansion for PAC-3 Propulsion ProductionJune 24, 2026 4:15 PM
Business Wire L3Harris Technologies (NYSE: LHX) broke ground on two additional facilities to support increased production capacity for the U.S. Army’s PAC-3® propulsion systems, further reinforcing the Department of War’s modernized Arsenal of Freedom and the nation’s ability to meet rising demands. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260624309409/en/L3Harris has broken ground on additional PAC-3 propulsion buildings, which will be located on the company’s Arkansas Advanced Propulsion Facilities campus in Camden. (Photo by L3Harris) The additional buildings will be located on the company’s Arkansas Advanced Propulsion Facilities (AAPF) campus in Camden. “We’re self-funding these new facilities in Arkansas to move at the speed this mission requires,” said Christopher Kubasik, Chairman and CEO, L3Harris. “This expansion boosts our ability to deliver PAC-3 propulsion faster and at greater quantities, while strengthening military readiness and providing proven capability our warfighters depend on.” L3Harris produces the PAC-3 MSE interceptor’s advanced two-pulse solid rocket motor, Attitude Control Motors, and the Lethality Enhancer. The two new PAC-3 propulsion facilities include a ~75,000 square feet cast, cure and final assembly facility and a ~70,000 square feet case preparation facility. The facilities will incorporate several advanced manufacturing capabilities, including automated X-ray inspection systems leveraging AI for rapid defect detection, fully automated casting, and expanded curing capacity designed to accelerate production throughput. L3Harris and Arkansas state leaders broke ground on the broader AAPF campus last year as part of an ongoing effort to build modernized solid rocket motor production facilities at key sites across the nation. The AAPF will specialize in the production of medium and large solid rocket motors supporting tactical and air defense missiles, missile defense targets, interceptors, hypersonic vehicles and emerging missile defense needs. L3Harris is building approximately 60 facilities and expanding its manufacturing footprint by nearly 1 million square feet across the company’s production sites in Alabama, Arkansas and Virginia. About L3Harris Technologies L3Harris is the Trusted Disruptor in defense tech. With customers’ mission-critical needs always in mind, our employees deliver end-to-end technology solutions connecting space, air, land, sea and cyber domains in the interest of national security. Visit L3Harris.com for more information. Forward-Looking Statements This press release contains forward-looking statements that reflect management's current expectations, assumptions and estimates of future performance and economic conditions. Such statements are made in reliance upon the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and may be identified by the use of the words such as “expect,” “will” or similar expressions. In addition, statements about order values and system capabilities are forward-looking and involve risks and uncertainties. The company cautions investors that any forward-looking statements are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements, including continued funding up to the full contract value and other risks set forth in the Company’s Annual Report on Form 10-K and other filings with the SEC. L3Harris disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. View source version on businesswire.com: https://www.businesswire.com/news/home/20260624309409/en/ Media Contacts: Meaghan Cox
Missile Solutions
US Market News
2月前
The Defense Industrial Base Is Ramping at a Generational Pace -- and a Florida Air-Launch Operator Just Built the Engineering Layer to Fit Into ItMay 19, 2026 8:35 AM
PR Newswire (US) Issued on behalf of Starfighters Space, Inc.Record backlogs, raised guidance, Department of War strategic investments in propulsion capacity, multi-year framework agreements, and a $1 trillion-plus defense procurement environment are defining 2026. Starfighters Space (NYSE American: FJET) just engaged Integrated Launch Solutions to add launch, range, licensing and mission integration depth to its STARLAUNCH pathway as the U.S. defense and commercial space markets converge into a single capacity-constrained opportunity.CAPE CANAVERAL, Fla., May 19, 2026 /PRNewswire/ -- USA News Group News Commentary — Strip away the press cycle and the defining feature of the 2026 defense and space landscape is straightforward: the customer is no longer the constraint. The Pentagon has the funding, the program authority, and the political mandate. The senior primes have the order book. What the entire system now needs is delivery capacity — the production lines, the integration engineering, the range coordination, the licensing throughput, and the operational tempo required to convert backlog into hardware on the ramp. That is the structural backdrop for the latest move from Starfighters Space, Inc. (NYSE American: FJET), the Cape Canaveral-based operator of the world's fastest fleet of commercial supersonic aircraft. The Company announced it has engaged Integrated Launch Solutions, Inc. ("ILS") to provide engineering and technical integration support as Starfighters advances the STARLAUNCH pathway from design and analysis toward flight and launch services. [1]ILS will serve as an extension of the Starfighters team, providing subject matter expertise across mission design, analysis, and simulation; systems engineering and technical integration; regulatory and safety compliance; and range integration. [1] The work is expected to support program planning, requirements definition, trajectory analysis, licensing strategy, range coordination and related integration activities. The ILS resource pool brings experience from Boeing, Lockheed Martin, United Launch Alliance, SpaceX and the U.S. Air Force, with prior work supporting the U.S. Air Force, the National Reconnaissance Office, NASA and commercial customers.For more information on Starfighters Space, read the entire USA News Group Report"STARLAUNCH is a pathway, and the pathway depends on execution," said Tim Franta, Chief Executive Officer of Starfighters Space, in the announcement. He framed the engagement as adding "process discipline and execution capacity required to expedite space launch development from concept through flight readiness." [1] The ILS work layers on top of the appointments earlier this month of Jose Arias as Vice President, Space Operations, and Catrina L. Medeiros as Director, STARLAUNCH Operations — both senior leaders drawn from Blue Origin's New Glenn program. [2]What makes this move materially significant is not the engagement itself — it is the scale of the demand environment Starfighters is building into. Across the senior aerospace and defense complex, Q1 2026 prints have been defined by record backlogs and explicit commentary on capacity expansion as the binding constraint.RTX Corporation (NYSE: RTX) reported Q1 2026 sales of $22.1 billion on April 21, 2026, up 9% versus the prior year and up 10% organically. [3] Raytheon booked $6.6 billion of awards in the quarter, including over $600 million for Patriot equipment to the Netherlands and more than $400 million from the U.S. Army for lower-tier air and missile defense sensors, with an additional $900 million in awards for Standard Missile and Tomahawk. Munitions output grew over 40% year-over-year, and Raytheon posted its 12th consecutive quarter of material growth. [4] CEO Chris Calio described five "landmark framework agreements" Raytheon signed with the Department of War for Tomahawk, AMRAAM, and the Standard Missile family — agreements management said would, once finalized, provide firm demand signals to support production ramps "well above existing rates over the next decade." [4] RTX raised its full-year 2026 outlook for adjusted sales and adjusted EPS on the print.L3Harris Technologies, Inc. (NYSE: LHX) reported Q1 2026 revenue of $5.74 billion on April 30, 2026 — up 12% year-over-year, with organic revenue growth of 15% — and posted contractual backlog of $40.7 billion, with a book-to-bill ratio for the quarter of 1.4. [5] Management raised full-year EPS guidance to $11.40 to $11.60. [6] In April, the Company closed a $1.0 billion strategic investment from the Department of War in its Missile Solutions (MSL) business, structured as a convertible preferred security to convert into equity at IPO. [5][6] The funds are earmarked for expanding and modernizing solid rocket motor production facilities in Camden, Arkansas; Huntsville, Alabama; and Orange, Virginia — facilities critical to manufacturing PAC-3, THAAD, Tomahawk, and Standard Missile systems. The carve-out missile entity has been named Axyv following a confidential S-1 filing, with the IPO targeting the second half of 2026. [6] L3Harris also disclosed the Hypersonic and Ballistic Tracking Space Sensor (HBTSS) successfully demonstrated tracking against a hypersonic target. [7]The Boeing Company (NYSE: BA) reported Q1 2026 revenue of $22.2 billion on April 22, 2026, with the Defense, Space & Security segment posting revenue of $7.6 billion — up 21% year-over-year — and operating margins improving to 3.1%. [8] During the quarter, Defense, Space & Security signed a seven-year framework agreement to expand PAC-3 Seeker production and announced a strategic partnership with Rheinmetall to offer the MQ-28 Ghost Bat to Germany. [8] In April 2026, the Boeing-built Space Launch System core stage rocket propelled the successful Artemis II mission to the Moon. [9] Backlog at Defense, Space & Security grew to a record $86 billion, with 27% representing orders from customers outside the U.S. On the earnings call, management noted higher demand in defense given increased operational tempo, framing it as a natural offset to potential commercial MRO weakness. [10]Voyager Technologies, Inc. (NYSE: VOYG) — a defense and space technology company best known for leading development of Starlab, the commercial space station being developed as a replacement for the ISS — has been positioning aggressively in the defense and national security segments. The Company priced its IPO at $31 per share in June 2025, raising $383 million, and saw shares close at $56.48 on the day of its public debut. [11] In its Q1 2026 print reported May 4, 2026, Voyager delivered net sales of $35.2 million and grew total backlog to a record $275.3 million, up 54% year-over-year, with first-quarter bookings of $45.2 million and a book-to-bill ratio of 1.3. [12] On the strength of that backlog, the Company raised its 2026 revenue guidance to a range of $230 million to $255 million, representing 39% to 53% year-over-year growth. [12] Voyager ended the quarter with $429.4 million in cash and total liquidity of $641.4 million. Starlab achieved four NASA milestones and received $24.0 million in NASA funding during the period. [12] Voyager also secured NASA's seventh Private Astronaut Mission in April 2026, designated VOYG-1, with launch targeted no earlier than 2028, and was awarded a contract with Raytheon to develop advanced technologies for the Standard Missile interceptor program. [13]What is most striking about RTX, L3Harris, Boeing's defense business, and Voyager is that none of these stories sits in isolation. They reflect a single thesis: in 2026, the U.S. defense industrial base is being asked to ramp production at a pace it has not been asked to deliver since the Cold War, and the bottleneck has moved from contract availability to integration capacity, range and licensing throughput, and operational tempo.For more information on Starfighters Space, read the entire USA News Group ReportThat is the gap Starfighters Space is positioning to address.The Asset, the Bench, and the Process Layer Now Behind STARLAUNCHStarfighters Space operates a fleet of seven modified F-104 supersonic aircraft from NASA's Kennedy Space Center, configured to act as a first-stage lifting platform that can carry payloads up to 45,000 feet for air launch to space. [1] The Company is the operator of the largest fleet of MACH 2+ capable aircraft in the world, and the only commercial operator capable of flying payloads at sustained MACH 2+ with the capability to launch those payloads to space. Its customer base includes Lockheed Martin, Meggitt, Space Florida, and the U.S. Air Force Research Laboratory.STARLAUNCH 1 is being developed as a sub-orbital vehicle designed to support short-duration microgravity missions and to serve as a pathfinder for future air-launched concepts. The Company has reported wind tunnel testing that demonstrated clean separation from the aircraft platform, followed by a Critical Design Review process. [1] Starfighters' Wind Tunnel in the Sky service uses the F-104 to fly as an airborne wind tunnel — a single 45-minute mission generates the equivalent of approximately 20 traditional 30-second ground wind tunnel runs, compressing what would otherwise take about ten days in a fixed-facility into less than an hour. [2]The ILS engagement now adds a deep bench of launch, range, licensing and mission integration experience, with prior work supporting the U.S. Air Force, the National Reconnaissance Office, NASA and commercial customers. [1] The recent Blue Origin appointments — Jose Arias and Catrina L. Medeiros — bring direct New Glenn program experience and, in Mr. Arias's case, a documented track record of compressing integration cycle time from 76 days to 13 days at Blue Origin. [2]This is what the assembly of an operationally proven team looks like when the underlying market is the U.S. defense, civil, and commercial space economy in a record-spending environment. The senior primes have signaled the demand. The Department of War has signaled the dollars. The framework agreements are in place. The bottleneck is execution.Starfighters Space (NYSE American: FJET) is building, in real time, the operational stack required to be one of the names that closes the gap.For more information on Starfighters Space, Inc. (NYSE American: FJET), visit usanewsgroup.com/fjet-landingCONTACT:USA News Group
US Market News
2月前
L3Harris Technologies Reports Strong First Quarter 2026 ResultsApril 30, 2026 6:55 AM
Business Wire
L3Harris Technologies (NYSE: LHX) reports first quarter 2026 results.
Highlights
Orders of $7.8 billion; book-to-bill of 1.4x increases backlog to new record $40.7 billion
Revenue of $5.7 billion, up 12%, and 15% organically*
Operating margin of 11.4% up 120 bps; Segment operating margin of 15.7% up 10 bps
GAAP diluted EPS of $2.72, up 33%
Updates 2026 EPS guidance
“We continue to execute against our Trusted Disruptor strategy with both urgency and discipline, leveraging speed and scale to meet the evolving needs of our customers. Our results reflect the strength of our portfolio and its alignment with the nation’s most critical defense missions. We operate in a dynamic global environment, where demand is accelerating and the future of warfare is driving near-term operational priorities. Across the portfolio, we quickly adapt to mission needs and scale our operations to meet increasing demand, accelerating growth across our enterprise,” said Christopher Kubasik, Chairman and CEO.
Kubasik added, “We delivered a strong start to the year with robust orders and revenue growth coupled with progress across our strategic priorities. We are well positioned for the next phase of growth and value creation, remain on track to deliver on our 2026 commitments and continue to advance toward the 2028 Financial Framework we outlined earlier this year.”
_
*Organic revenue is a non-GAAP Financial Measure defined and reconciled to GAAP in Table 5.
SUMMARY FINANCIAL RESULTS*
First Quarter
2026 Guidance
($ millions, except per share data)
2026
2025
Revenue
Space & Mission Systems
$
2,990
$
2,411
Communication & Spectrum Dominance
1,855
1,809
Missile Solutions
990
840
Intersegment
(91
)
(74
)
Segment revenue
5,744
4,986
Other1
—
146
Revenue
$
5,744
$
5,132
$23B - $23.5B
Operating income
Space & Mission Systems
$
313
$
238
Communication & Spectrum Dominance
465
443
Missile Solutions
124
96
Segment operating income
902
777
Unallocated corporate items and other, net1 (see Table 4)
(250
)
(252
)
Operating income
$
652
$
525
Operating margin
11.4
%
10.2
%
Segment operating margin
15.7
%
15.6
%
low 16%
Tax rate
Effective tax rate
13.1
%
15.9
%
GAAP EPS
Diluted EPS
$
2.72
$
2.04
$11.40 - $11.60
(Prior: $11.30 - $11.50)
Diluted weighted-average common shares outstanding
188.1
189.1
Cash flow
Cash used in operations
$
(95
)
$
(42
)
Free cash flow2
$
(187
)
$
(101
)
$3.0B
1 Includes other non-reportable businesses, which is the divested Commercial Aviation Solutions business ("CAS disposal group").
2 Free cash flow is a non-GAAP Financial Measure defined and reconciled to GAAP in Table 6. Net cash provided by operating activities is anticipated to be approximately $3.6 billion and capital expenditures are anticipated to be approximately $600M.
* Organic revenue is a non-GAAP Financial Measure defined and reconciled to GAAP in Table 5.
Revenue: Increased $612 million, up 12%, and 15% organically, driven by growth across all segments reflecting new program ramps and increased international volume.
Operating Income: Increased $127 million, up 24%. Operating margin was 11.4%, up 120 bps. The improvement in operating income was primarily driven by a $125 million increase in segment operating income due to strong growth in the quarter and a decline in unallocated corporate items and other, net costs.
Segment Operating Income: Increased $125 million, up 16%. Segment operating margin was 15.7%, up 10 bps. Segment operating income grew across all segments due to increased volume, improved program performance and higher monetization of legacy assets aligned with our transformation and value creation priorities, partially offset by higher growth in businesses with lower average margin and increased investments in go-to-market activities and research and development.
Diluted EPS: Increased 33% to $2.72 driven by higher operating income, lower interest expense due to lower total outstanding debt, including both short-term and long-term debt, and a lower effective tax rate, partially offset by lower FAS pension income.
Cash Flow: Cash used in operations was ($95) million, impacted by timing of cash receipts coupled with higher cash disbursements. Capital expenditures were ($99) million, contributing to free cash flow of ($187) million.
SEGMENT RESULTS
Space & Mission Systems
First Quarter
($ millions)
2026
2025
Increase
Revenue
$
2,990
$
2,411
24%
Operating margin
10.5
%
9.9
%
60 bps
Revenue: Increased 24%, primarily from the ramp in activity in our ISR business on classified and international missionized aircraft programs, including a milestone related to material procurement in support of classified contracts, as well as higher volume in Space, Mission Networks and Maritime programs partially offset by lower classified volume in our intel products and solutions business.
Operating Margin: Increased 60 bps to 10.5% driven by improved program performance, partially offset by increased material procurement in programs with lower average margins and increased investments in research and development.
Communication & Spectrum Dominance
First Quarter
($ millions)
2026
2025
Increase
Revenue
$
1,855
$
1,809
3%
Operating margin
25.1
%
24.5
%
60 bps
Revenue: Increased 3%, primarily driven by increased volume for night vision devices, international software-defined resilient communications and the ramp in activity on the Next Generation Jammer Electronic Warfare program.
Operating Margin: Increased 60 bps to 25.1% primarily driven by increased sales associated with higher margin products in night vision devices and software-defined resilient communications as well as the favorable settlement of a legal matter, partially offset by increased investments in customer demonstrations, prototypes, and research and development.
Missile Solutions
First Quarter
($ millions)
2026
2025
Increase
Revenue
$
990
$
840
18%
Operating margin
12.5
%
11.4
%
110 bps
Revenue: Increased 18% from higher production volumes across key missile and munition programs, including those prioritized by the Department of War's ("DoW") Munitions Acceleration Council, and space propulsion programs as well as new program ramps.
Operating Margin: Increased 110 bps to 12.5%, primarily due to the monetization of legacy assets aligned with our transformation and value creation priorities, partially offset by net unfavorable EAC adjustments.
Forward-Looking Statements
This earnings release contains forward-looking statements within the meaning of federal securities laws made in reliance on the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Examples include, but are not limited to: planned investments; 2026 guidance; the impact of recent and expected contract awards; the 2028 financial framework; divestiture timing; planned public offering by Missile Solutions; the impact of the global security environment; projections of other financial items; and assumptions underlying any of the foregoing. Investors should not place undue reliance on forward-looking statements, which reflect management’s current expectations, estimates, projections, assumptions and information currently available to management, and are not guarantees of future performance or actual results. Important risks that could cause our results to differ materially from those expressed in or implied by these forward-looking statements or from our historical results include, but are not limited to, risks arising from: competitive markets; U.S. Government spending priorities; changes in contract mix; unilateral contract action by the U.S. Government or unexpected issues related to the DoW's investment in our subsidiary; uncertain economic conditions; future geo-political events; supply chain disruptions; indebtedness; interest rates and other market factors; and changes in effective tax rate or additional tax exposures. These and other important risks that could impact forward-looking statements are described more fully in the "Risk Factors" in our Form 10-K for fiscal 2025. All subsequent written and oral forward-looking statements attributable to us or any person acting on our behalf are qualified by the cautionary statements in this section, and we have no duty to and disclaim any intention or obligation, other than imposed by law, to update or revise any forward-looking statements, whether as a result of new information, future events or developments or otherwise.
Table 1 - Condensed Consolidated Statement of Operations (Unaudited)
First Quarter
($ millions, except per share amounts)
2026
2025
Revenue
$
5,744
$
5,132
Cost of revenue
(4,342
)
(3,782
)
General and administrative expenses
(750
)
(825
)
Operating income
652
525
Non-service FAS pension income and other, net1
73
84
Interest expense, net
(136
)
(150
)
Income before income taxes
589
459
Income taxes
(77
)
(73
)
Net income
$
512
$
386
Earnings per share attributable to common shareholders
Basic
$
2.74
$
2.05
Diluted
$
2.72
$
2.04
Weighted-average common shares outstanding
Basic
186.8
188.5
Diluted
188.1
189.1
1“FAS” is defined as Financial Accounting Standards.
Table 2 - Condensed Consolidated Balance Sheet (Unaudited)
($ millions)
April 3, 2026
January 2, 2026
Assets
Current assets
Cash and cash equivalents
$
590
$
1,069
Receivables, net
1,912
1,371
Contract assets
3,530
3,566
Inventories, net
1,234
1,219
Other current assets
702
484
Assets of business held for sale
926
884
Total current assets
8,894
8,593
Non-current assets
Property, plant and equipment, net
2,658
2,665
Goodwill
19,999
20,010
Intangible assets, net
6,331
6,509
Deferred income taxes
71
76
Other non-current assets
3,427
3,342
Total assets
$
41,380
$
41,195
Liabilities and equity
Current liabilities
Short-term debt
$
350
$
—
Current portion of long-term debt
1,816
673
Accounts payable
1,930
2,461
Contract liabilities
2,736
2,262
Compensation and benefits
391
482
Other current liabilities
1,267
1,235
Liabilities of business held for sale
111
113
Total current liabilities
8,601
7,226
Non-current liabilities
Long-term debt, net
9,191
10,443
Deferred income taxes
1,225
1,114
Other non-current liabilities
2,683
2,777
Total liabilities
21,700
21,560
Total equity
19,680
19,635
Total liabilities and equity
$
41,380
$
41,195
Table 3 - Condensed Consolidated Statement of Cash Flows (Unaudited)
First Quarter
($ millions)
2026
2025
Operating Activities
Net income
$
512
$
386
Adjustments to reconcile to net cash used in operating activities:
Depreciation and amortization
282
301
Share-based compensation
21
19
Net periodic benefit income
(70
)
(84
)
Share-based matching contributions under defined contribution plans
62
68
Deferred income taxes
119
(89
)
(Increase) decrease in:
Receivables, net
(623
)
(447
)
Contract assets
72
(420
)
Inventories, net
(17
)
92
Other current assets
(218
)
(19
)
Increase (decrease) in:
Accounts payable
(527
)
52
Contract liabilities
461
(16
)
Compensation and benefits
(87
)
(105
)
Other current liabilities
(15
)
11
Income taxes
(7
)
273
Other operating activities
(60
)
(64
)
Net cash used in operating activities
(95
)
(42
)
Investing Activities
Capital expenditures
(99
)
(59
)
Proceeds from disposal of property, plant and equipment, net
7
—
Proceeds from sales of businesses, net of cash divested
—
831
Other investing activities
(5
)
(28
)
Net cash (used in) provided by investing activities
(97
)
744
Financing Activities
Repayments of long-term debt
(106
)
(5
)
Change in commercial paper, net
350
20
Repurchases of common stock
(296
)
(569
)
Dividends paid
(238
)
(228
)
Other financing activities
6
(23
)
Net cash used in financing activities
(284
)
(805
)
Effect of exchange rate changes on cash and cash equivalents
(3
)
5
Net decrease in cash and cash equivalents
(479
)
(98
)
Cash and cash equivalents, beginning of period
1,069
615
Cash and cash equivalents, end of period
$
590
$
517
Table 4 - Unallocated Corporate Items (Unaudited)
First Quarter
($ millions)
2026
2025
Unallocated corporate items:
Amortization of acquisition-related intangibles
$
173
$
194
LHX NeXt implementation costs1
—
35
Business divestiture-related losses1
10
17
Acquisition, divestiture and transaction-related expenses1
30
17
Other unallocated corporate items
37
12
Unallocated corporate items
250
275
Other non-reportable businesses2
—
(23
)
Unallocated corporate items and other, net
$
250
$
252
1 Refer to Key Terms on page 10.
2 Includes the divested CAS disposal group.
Table 5 - Organic Revenue Non-GAAP Financial Measure Reconciliation (Unaudited)
First Quarter
2025
($ millions)
GAAP
Adjustments
Organic1
Revenue
$
5,132
$
(146
)
$
4,986
1 Organic revenue is a non-GAAP Financial Measure as defined by Regulation G. We use organic revenue to exclude revenue attributable to our divested CAS disposal group in prior periods.
Table 6 - Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow - Non-GAAP Financial Measures Reconciliation (Unaudited)
First Quarter
($ millions)
2026
2025
Net cash used in operating activities
$
(95
)
$
(42
)
Capital expenditures
(99
)
(59
)
Proceeds from disposal of property, plant and equipment, net
7
—
Free cash flow1
$
(187
)
$
(101
)
1 Free cash flow is a non-GAAP Financial Measure as defined by Regulation G. We use free cash flow to evaluate business performance and overall liquidity, and it is a performance metric in our annual incentive plan. We believe free cash flow is useful because it represents the cash generated from operations after reinvesting in our business that may be available to return to stockholders and creditors (through dividends, stock repurchases and debt repayments) or available to fund acquisitions or other investments. The entirety of free cash flow amount is not available for discretionary expenditures, however, because of certain mandatory expenditures, such repayment of debt.
Key Terms
Description
Definition
Business divestiture-related losses
In 2026, includes a loss recognized in connection with the Space Technology disposal group, which consists of certain product lines of our Space Propulsion and Power Systems sector and the space portion of our Space & Sensors division reported in our Mission Solutions segment. In 2025, includes a loss recognized in connection with the CAS disposal group divestiture.
Acquisition, divestiture and transaction-related expenses
Transaction and integration expenses associated with the Aerojet Rocketdyne acquisition in 2025; external costs related to pursuing acquisition and divestiture portfolio optimization; non-transaction costs related to divestitures; costs related to the carve-out and planned MSL public offering; salaries of employees in roles dedicated to planned strategic transaction activity; and resolution of a procurement contract matter.
LHX NeXt implementation costs
Includes costs related to workforce optimization costs, incremental IT expenses for implementation of new systems, third-party consulting expenses and other related costs, including costs related to personnel dedicated to this project. The implementation phase of LHX NeXt was completed in fiscal 2025.
Orders
Total value of funded and unfunded contract awards received from the U.S. Government and other customers, including incremental funding and adjustments to previous awards, excluding unexercised contract options and potential orders under ordering-type contracts, such as indefinite delivery, indefinite quantity (IDIQ) contracts.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260430178725/en/
Investor Relations Contact:
Tony Calderon, 321-727-4450
investorrelations@l3harris.com
Media Relations Contact:
Sara Banda, 321-306-8927
media@l3harris.com
Original: L3Harris Technologies Reports Strong First Quarter 2026 Results
US Market News
3月前
L3Harris Closes $1B Investment from Department of War in Missile Solutions BusinessApril 23, 2026 6:00 AM
Business Wire
L3Harris Technologies (NYSE: LHX) has closed a $1 billion strategic investment from the Department of War (DoW) in its Missile Solutions (MSL) business, which it will use to expand and modernize facilities, accelerate research and development, and increase production capacity for critical national security technologies.
The investment from the DoW is in the form of a convertible preferred security of the MSL business, which will convert into common equity upon an initial public offering (IPO). In addition, the DoW will receive certain warrants to purchase common stock in MSL. As previously announced, L3Harris intends to pursue an IPO of MSL in the second half of 2026, pending market conditions.
L3Harris is investing billions to transform and grow its production operations at MSL in support of DoW priorities like PAC-3, THAAD, Tomahawk and Standard Missile. MSL was created in early 2026, bringing together the missile capabilities from across L3Harris, including the operations of legacy Aerojet Rocketdyne.
“This strategic partnership with the Department of War is a testament to the critical role L3Harris plays in our national security,” said Christopher Kubasik, Chairman and CEO, L3Harris. “The investment will allow us to accelerate innovation and enhance our ability to deliver the advanced capabilities our warfighters need to deter and defeat emerging threats. We are proud to partner with the DoW to ensure the resilience of our defense industrial base for years to come.”
The DoW investment, along with future IPO proceeds and other sources of capital, will be used to further a variety of expansion and modernization efforts at solid rocket motor production facilities in Camden, Arkansas; Huntsville, Alabama; and Orange, Virginia; among other sites.
L3Harris will remain the majority shareholder (>80%) in the new MSL business and will consolidate the financial results of MSL.
About L3Harris Technologies
L3Harris is the Trusted Disruptor in defense tech. With customers’ mission-critical needs always in mind, our employees deliver end-to-end technology solutions connecting the space, air, land, sea and cyber domains in the interest of national security. Visit L3Harris.com for more information.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of federal securities laws made in reliance on the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts. These forward-looking statements are based on L3Harris’ current views and assumptions and can change significantly in the future. Actual results and events may be significantly different from what is currently expected. Forward-looking statements may be identified by the use of the words such as “estimate,” “plan,” “shall,” “may,” “project,” “forecast,” “intend,” “expect,” “anticipate,” “believe,” “seek,” “will,” “target,” or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Examples of forward-looking statements include statements about: an independently traded MSL company or the timing or consummation of any potential IPO; any demand for missile solutions capacity; future investments; the value of the investment and L3Harris’ role in an independently traded MSL company. L3Harris cautions investors that any forward-looking statements are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements.
The following factors, among others, could cause actual results or outcomes to differ materially from those expressed in the forward-looking statements or historical performance: the impact of any legal challenge, protest or investigation in connection with the investment and any related transactions; any unexpected tax, accounting or regulatory treatment of the investment or to any transactions in connection therewith; the availability of government funding; the outcome of government determinations regarding its procurements; any adverse impacts on L3Harris other businesses or relationship with its customers, its suppliers or other contractors for whom L3Harris is a subcontractor or supplier; potential significant adverse consequences resulting from business disruptions or economic or political uncertainty; unexpected costs, liabilities, delays, legal proceedings or the ability to obtain regulatory approvals; unfavorable economic or market conditions; unexpected geo-political events; and other impairments to achieve benefits to L3Harris from the investment, in a timely manner or at all. In addition, important risk factors that could cause actual results or outcomes to differ from those expressed in the forward-looking statements are described in the “Risk Factors” sections of L3Harris’ Annual Report on Form 10-K for the year ended Jan. 2, 2026.
In presenting the forward-looking statements, L3Harris has made material assumptions which may prove incorrect about: the availability of government funding and the statutory and regulatory authority to expand capacity for the DoW’s critical missile programs, including any future direct or indirect purchases of propulsion systems; the continued demand for missile programs; and the estimates and forecasts of investments required to expand capacity for the DoW’s critical missile programs.
L3Harris disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
No Offer or Solicitation
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities. Any offers, solicitations of offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260423850511/en/
Media Contact:
Sara Banda
Corporate
Media@L3Harris.com
321-306-8927
Original: L3Harris Closes $1B Investment from Department of War in Missile Solutions Business
US Market News
3月前
L3Harris Announces Billion Dollar Expansion to Boost Solid Rocket Motor Production in Orange County, VirginiaApril 15, 2026 11:30 AM
Business Wire
L3Harris Technologies (NYSE: LHX), Virginia Gov. Abigail Spanberger and the Orange County Board of Supervisors have announced an agreement to further expand L3Harris’ solid rocket motor production capacity at its site in Orange County with the creation of the Virginia Advanced Propulsion Facilities (VAPF).
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260414262031/en/Virginia Gov. Abigail Spanberger, L3Harris VP Mark Farley, and state and local leaders announce major solid rocket motor expansion in Orange County.
The more than $1 billion expansion project, which builds on a previously announced expansion at the Orange County site, is expected to more than double the manufacturing space and create more than 350 jobs over the next five years.
“L3Harris’ continued investments in solid rocket motor facilities are bolstering manufacturing capacity for key national defense programs,” said Ken Bedingfield, President, Missile Solutions, L3Harris. “With a talented workforce and a community committed to long-term success, our expanded presence in Virginia will deliver additional capability to the Department of War and our allies.”
“I congratulate L3Harris on its historic expansion in Central Virginia,” said Gov. Spanberger. “With a deep talent pipeline and strong track record in the defense and advanced manufacturing sectors, the Commonwealth is ready to fill the hundreds of new positions coming to Orange County. L3Harris exemplifies the kind of partnership that builds the future of Virginia, and we look forward to celebrating this investment for many years to come.”
“On behalf of the Board of Supervisors and our Economic Development team, we are thrilled to recognize and support L3Harris’ $1.265 Billion expansion and the creation of 350+ new jobs in Orange County. This is a transformational announcement that will benefit Orange County for decades,” said Orange County Board of Supervisors Chairman Bryan Nicol. “L3Harris has been an important, long-time member of our business community – making their growth and continued investment here particularly gratifying. This project is a recognition of Orange County’s strong business climate, its economic vitality and our region’s qualified workforce. The Board is grateful to be receiving a grant from Governor Spanberger’s Commonwealth’s Opportunity Fund and support from the General Assembly’s Major Employment Investment Project Approval Commission to bring this opportunity to the Commonwealth.”
“I’m pleased to see L3Harris expanding its operations in Virginia, bringing hundreds of good-paying jobs to Orange County while strengthening manufacturing capacity for critical national defense programs,” said Rep. Eugene Vindman, D-Va. “This investment will more than double their footprint and build on a long track record of success in the region. I look forward to continuing to partner with L3Harris to support this growth, create new opportunities for our workforce, and advance the aerospace innovation that drives both our economy and our national security.”
L3Harris plans to construct new facilities at the site to support key solid rocket motor production operations spanning multiple Department of War programs. The VAPF will support company operations such as mixing, grinding, casting and final assembly.
L3Harris’ site in Virginia currently has 256,000 square feet of manufacturing space and serves as the company’s Center of Excellence for Propellant Research and Small to Medium-sized Solid Rocket Motor Production.
L3Harris is also modernizing and expanding solid rocket motor production at its sites in Camden, Arkansas, and Huntsville, Alabama. The company’s ongoing investments in new facilities, equipment and processes will enable it to double, triple and quadruple solid rocket motor production rates for a range of key programs.
About L3Harris Technologies
L3Harris is the Trusted Disruptor in defense tech. With customers’ mission-critical needs always in mind, our employees deliver end-to-end technology solutions connecting space, air, land, sea and cyber domains in the interest of national security. Visit L3Harris.com for more information.
Forward-Looking Statements
This press release contains forward-looking statements that reflect management’s current expectations, assumptions and estimates of future performance and economic conditions. Such statements are made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The company cautions investors that any forward-looking statements are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements. Statements about production rates are forward-looking and involve risks and uncertainties. L3Harris disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260414262031/en/
Media Contacts:
Meaghan Cox
Missile Solutions
Meaghan.Cox@L3Harris.com
256-690-9626
Sara Banda
Corporate
Media@L3Harris.com
321-306-8927
Original: L3Harris Announces Billion Dollar Expansion to Boost Solid Rocket Motor Production in Orange County, Virginia
US Market News
4月前
VisionWave Holdings Provides Corporate Update on Defense and Technology InitiativesMarch 6, 2026 12:54 PM
PR Newswire (US)
NEW YORK, March 6, 2026 /PRNewswire/ -- As per the latest Equity Insider report, there's a quiet arms race unfolding above the atmosphere and inside every classified network on the planet, and the money behind it is staggering. The global space militarization market is projected to reach $63.38 billion in 2026 as nations accelerate investment in satellite surveillance, orbital defense, and AI-integrated space operations. On the ground, the counter-drone market is surging from $6.64 billion in 2025 toward $20 billion by 2030, growing at a 25.1% compound annual rate as threats evolve faster than doctrine[1]. Companies building across this intersection of space, cyber, and multi-domain defense include VisionWave Holdings (NASDAQ: VWAV), L3Harris Technologies (NYSE: LHX), CrowdStrike (NASDAQ: CRWD), AST SpaceMobile (NASDAQ: ASTS), and Parsons (NYSE: PSN).Consider what the Department of Defense is actually spending. Its FY2026 budget request for IT and cyberspace activities totals $66.1 billion, with $14.3 billion dedicated to cyberspace operations alone, up nearly a billion from the prior year[2]. Military satellite communications represent a $44.80 billion global market, with North America commanding the largest share as SATCOM remains the backbone of intelligence, surveillance, and global force coordination[3]. These are not aspirational numbers. They are purchase orders, and someone has to fill them.VisionWave Holdings (NASDAQ: VWAV) recently provided an operational update confirming that C.M. Composite Materials, an Israeli manufacturer of advanced aerospace composite components based in Modi'in, continues manufacturing without interruption during wartime conditions. C.M. holds a formal designation as an "Essential Facility" under Israel's Emergency Labor Services Law, authorizing continued production during periods of national emergency. Production activities, employee transportation, and manufacturing schedules remain in place in accordance with government safety directives.The company has entered into definitive agreements to acquire a 51% controlling stake in C.M. Composite Materials, a certified aerospace manufacturer whose structural composite assemblies are utilized in Israel's multi-layer missile defense architecture including Iron Dome and the Barak 8 long-range air defense system developed jointly by Israel Aerospace Industries and India's Defense Research and Development Organization. An independent valuation prepared by BDO Consulting Group placed C.M. at $50 million, with the company reporting approximately $17.3 million in revenue and $3.0 million in net income before tax under IFRS standards for fiscal year 2025.The company recently closed a $20 million senior financing to support general corporate purposes, working capital, and strategic initiatives. VisionWave has also executed a $10 million Statement of Work for the development of qSpeed-Mine, a cryptocurrency mining acceleration platform built on the company's QuantumSpeed computational acceleration engine. The milestone-based SOW spans approximately 32 weeks, with full revenue structured for recognition during calendar year 2026."This is about extracting materially more value from the infrastructure that already exists," said Dr. Danny Rittman, Chief Technology Officer of VisionWave. "The goal of QuantumSpeed is to improve system-level efficiency by optimizing how work is coordinated and executed at scale, which directly impacts unit economics without changing cryptographic assumptions."The company's wholly owned subsidiary Solar Drone recently reported executive meetings in Italy advancing business development for drone cleaning solutions in select Middle Eastern markets, following live demonstrations of its patented high-pressure drone payload system across multiple Italian sites.VisionWave also demonstrated real-world performance of SaverOne's RF-based Vulnerable Road User detection before a major vehicle manufacturer, where the system identified pedestrians and flagged trajectory risks pre-visual contact. The company established a $7.0 million strategic exchange with SaverOne that could yield 51% fully diluted ownership, while continuing to advance its dual-market autonomous systems platform integrating QuantumSpeed with AI-driven sensing and autonomy technologies for defense, homeland security, and commercial infrastructure applications.CONTINUED… Read this and more on VisionWave at: https://equity-insider.com/2025/09/25/the-ai-defense-technology-developments-on-the-rise-in-2025-26/In other industry developments and happenings in the market include:L3Harris Technologies (NYSE: LHX) recently received a new contract valued at nearly $400 million to produce additional solid rocket boost motors and Liquid Divert and Attitude Control Systems for the Missile Defense Agency's Terminal High Altitude Area Defense system. THAAD is one of the nation's primary defenses against short, medium, and intermediate-range ballistic missiles."THAAD is the only U.S. system designed to intercept targets outside and inside the atmosphere, making it a critical part of the United States' missile defense system," said Ken Bedingfield, President of Missile Solutions at L3Harris. "THAAD is paramount to the security of this nation and our allies, and we are dedicated to delivering our proven propulsion for years to come."THAAD has achieved a 100% success rate in intercept tests, with 17 for 17 system intercepts since production began. In 2024, the company delivered the 1,000th solid rocket boost motor and 1,000th LDACS unit ahead of schedule. L3Harris manufactures the THAAD solid rocket boost motor in Huntsville, Alabama, and Camden, Arkansas, with the LDACS thruster system produced in Los Angeles.CrowdStrike (NASDAQ: CRWD) recently released its 2026 Global Threat Report, revealing that AI-enabled adversary operations surged 89% year-over-year while the average eCrime breakout time fell to just 29 minutes. The fastest observed breakout occurred in only 27 seconds. Adversaries are actively exploiting AI systems, injecting malicious prompts into GenAI tools at more than 90 organizations."This is an AI arms race," said Adam Meyers, Head of Counter Adversary Operations at CrowdStrike. "Breakout time is the clearest signal of how intrusion has changed. Adversaries are moving from initial access to lateral movement in minutes. AI is compressing the time between intent and execution while turning enterprise AI systems into targets."The report draws on intelligence from more than 280 named adversaries tracked by the company's threat hunters and analysts. China-nexus intrusions increased 38% in 2025, with the logistics vertical seeing the greatest targeting increase at 85%. Cloud-conscious intrusions rose by 37% overall, with a 266% increase from state-nexus threat actors targeting cloud environments for intelligence collection.AST SpaceMobile (NASDAQ: ASTS) recently received a $30 million prime contract from the U.S. Space Development Agency for the Europa Track 2 Commercial Solutions program under the Hybrid Acquisition for Proliferated Low-earth Orbit initiative. The agreement leverages the company's BlueBird satellite constellation to demonstrate resilient, low-latency tactical satellite communications directly to government end devices."Selection for SDA's Europa Track 2 program validates AST SpaceMobile's ability to rapidly operationalize commercial space capabilities for national security," said Chris Ivory, CEO of AST SpaceMobile USA. "By leveraging our existing low Earth orbit dual-use satellite technology, we support the Government's defense efforts, delivering immediate connectivity with our BlueBird satellites and scaling quickly to advanced tactical use cases."This marks the first prime contract for AST SpaceMobile USA, the company's wholly owned defense subsidiary. Through on-orbit demonstrations, the program will validate seamless integration with existing tactical military radios and demonstrate how commercial satellite infrastructure can be rapidly applied for defense applications as part of the Department of Defense's Proliferated Warfighter Space Architecture.SealingTech, a Parsons (NYSE: PSN) company, recently received an Intent to Award notification from U.S. Cyber Command for a sole-source contract to begin production on the Joint Cyber Hunt Kit solution. The three-year contract has an anticipated ceiling value of up to $500 million, supporting defensive cyber technologies for the Defense Innovation Unit and USCYBERCOM."Parsons is dedicated to providing exceptional, mission-ready solutions that enable the U.S. military to maintain its position as the world's most formidable and lethal fighting force," said Mike Kushin, President of Defense and Intelligence at Parsons. "The company's acquisition of SealingTech, and their JCHK success demonstrates our combined vision to develop exquisite, agile technology that aligns with our customer's needs and protects national security."SealingTech has supported the U.S. Department of Defense for more than a decade, establishing itself as a trusted delivery partner with more than 500 Cyber Fly-Away Kits deployed to defense and intelligence customers. Parsons acquired SealingTech in 2023 to bolster full-spectrum cyber operations solutions for the defense and intelligence communities.SOURCE: https://equity-insider.com/2025/09/25/the-ai-defense-technology-developments-on-the-rise-in-2025-26/CONTACT:EQUITY INSIDER
info @acblanke1DISCLAIMER: Nothing in this publication should be considered as personalized ?nancial advice. We are not licensed under securities laws to address your particular ?nancial situation. No communication by our employees to you should be deemed as personalized ?nancial advice. Please consult a licensed ?nancial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor quali?ed to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Equity Insider is owned by Market IQ Media Group, Inc. ("MIQ"). This article is being distributed for MIQ, who has been paid a fee for VisionWave Holdings, Inc. advertising and digital media from the company directly. There may be 3rd parties who may have shares VisionWave Holdings, Inc., and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a con?ict of interest as to our ability to remain objective in our communication regarding the pro?led company. Because of this con?ict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ owns shares of VisionWave Holdings, Inc. which were purchased in the open market. MIQ reserves the right to buy and sell, and will buy and sell shares of VisionWave Holdings, Inc. at any time thereafter without any further notice. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, which is disseminated by MIQ has been approved by VisionWave Holdings, Inc.; this is a paid advertisement, and we own shares of the mentioned company that we will sell, and we also reserve the right to buy shares of the company in the open market, or through other investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless veri?ed by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment. This publication may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations and beliefs and involve risks and uncertainties that could cause actual results to differ materially from those described. Forward-looking statements in this document are subject to risks and uncertainties, including technological, regulatory, market, and geopolitical factors, which may cause actual results to differ materially. VisionWave Holdings, Inc. makes no representations or warranties as to the accuracy of third-party projections or market data cited herein.SOURCES:1. https://www.marketsandmarkets.com/PressReleases/counter-cuas-systems.asp
2. https://www.meritalk.com/articles/pentagon-unveils-1-01t-fy2026-budget-with-cyber-space-ai-focus/
3. https://www.fortunebusinessinsights.com/military-communications-market-102696Logo - https://mma.prnewswire.com/media/2840019/5840323/Equity_Insider_Logo.jpg
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Original: VisionWave Holdings Provides Corporate Update on Defense and Technology Initiatives
US Market News
4月前
Secretary of War Pete Hegseth Visits L3Harris Solid Rocket Motor SiteFebruary 27, 2026 6:45 PM
Business Wire
Secretary of War Pete Hegseth visited the L3Harris Technologies (NYSE: LHX) Camden site today as part of his nationwide “Arsenal of Freedom” tour, highlighting the importance of American manufacturing capacity in strengthening the defense industrial base and supporting U.S. and allied warfighters.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260227797011/en/Secretary of War Pete Hegseth addresses a crowd of approximately 1,500 L3Harris employees in Camden, Arkansas, as part of his “Arsenal of Freedom” tour.
Secretary Hegseth toured several of the site’s solid rocket motor production facilities and spoke with the 1,500 employees who design, build and deliver propulsion systems for critical missile programs. L3Harris is investing billions of dollars into modernizing and expanding its sites across the nation to significantly increase solid rocket motor production, including for Munitions Acceleration Council programs.
“Thank you for being the backbone of our department and our great nation, for having the backs of our warfighters because what you build right here in Camden is absolutely central to the 21st Century Arsenal of Freedom,” Secretary Hegseth said. “You are the patriots ensuring that our warriors are never, ever in a fair fight. The more than 115,000 solid rocket motors that you’re building every single year can’t be matched.”
“Industrial capacity has become a strategic element of deterrence; the ability to deliver at scale, with speed and reliability, directly impacts how effectively the United States can deter threats and project peace through strength,” said Christopher Kubasik, Chairman and CEO, L3Harris. “Thank you, Secretary Hegseth, for reinforcing to our Camden team that what L3Harris builds here directly contributes to the safety of our warfighters and our homeland.”
During the visit, Secretary Hegseth engaged employees who produce the propulsion systems that power the PAC-3 air and missile defense system and met with the teams who manufacture the large solid rocket motors for strategic deterrence, interceptors, hypersonic systems and target missiles. He also reviewed construction progress on the company’s new Arkansas Advanced Propulsion Facilities (AAPF).
The AAPF facilities are an expansive new campus that will support medium and large solid rocket motor production. The 110-acre campus will include more than 20 new buildings and increase large solid rocket motor manufacturing capacity sixfold. The expansion incorporates advanced manufacturing technologies, automation and digital process controls L3Harris designed to improve safety, efficiency and throughput while providing long-term, domestic surge capacity.
The Camden site produces thousands of solid rocket motors a year that support a wide range of Department of War programs. L3Harris is investing billions in this competitive market to deliver at the scale and speed the Department of War demands. The company’s 2,000-acre Camden site is one of the nation’s largest solid rocket motor manufacturing centers and has supported national and allied defense missions for more than four decades.
L3Harris acquired the solid rocket motor business in 2023 and has transformed and grown its production operations to align with the Department of War’s increasing demand for missile programs. L3Harris intends to pursue an initial public offering of the solid rocket motor business in the second half of the year.
About L3Harris Technologies
L3Harris is the Trusted Disruptor in defense tech. With customers’ mission-critical needs always in mind, our employees deliver end-to-end technology solutions connecting the space, air, land, sea and cyber domains in the interest of national security. Visit L3Harris.com for more information.
Forward-Looking Statements
This press release contains forward-looking statements that reflect management's current expectations, assumptions and estimates of future performance and economic conditions. Such statements are made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The company cautions investors that any forward-looking statements are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements. Statements about future investments and expansions are forward-looking and involve risks and uncertainties. L3Harris disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260227797011/en/
Media Contacts:
Eileen Lainez
Missile Solutions
Eileen.Lainez@L3Harris.com
571-239-7839
Sara Banda
Corporate
Media@L3Harris.com
321-306-8927
Original: Secretary of War Pete Hegseth Visits L3Harris Solid Rocket Motor Site
US Market News
5月前
Defense Stocks Ignite as $900 Billion Pentagon Budget Triggers AI Tech RevolutionJanuary 27, 2026 5:05 PM
PR Newswire (US)
Issued on behalf of VisionWave Holdings, Inc.Equity Insider News CommentaryVANCOUVER , BC, Jan. 27, 2026 /PRNewswire/ -- The 2026 defense cycle is officially underway with a massive $900.6 billion Pentagon budget authorization[1]. This tidal wave of capital is forcing a total overhaul of electronic warfare and sensing tech as modern threats become harder to detect. The electronic warfare market is projected to hit $20.01 billion this year[2]. This surge is driven by a desperate need for AI-powered signal processing that can see what legacy systems miss. This massive structural shift puts a bright spotlight on VisionWave Holdings, Inc. (NASDAQ: VWAV), Leonardo DRS (NASDAQ: DRS), L3Harris Technologies (NYSE: LHX), Mercury Systems (NASDAQ: MRCY), and Cloudastructure (NASDAQ: CSAI).
The Missile Defense Agency is backing this play with a $151 billion SHIELD contract vehicle that demands the immediate integration of edge computing[3]. In a world where every second counts, the $586.37 billion homeland security market is pivoting toward AI-enabled platforms that can collapse decision cycles from minutes to mere seconds[4]. This move isn't just about safety; it's about establishing a massive technical advantage through autonomous response execution. For the smart money, the real ROI is in the platforms that can process data faster than the enemy can move.VisionWave Holdings Inc. (NASDAQ: VWAV) has entered into a definitive strategic exchange agreement with SaverOne 2014 Ltd. (NASDAQ: SVRE) in a three-stage transaction valued at $7.0 million in staged equity consideration. Under the agreement, VisionWave may acquire approximately 51% of the Israeli technology company on a fully diluted basis, subject to milestone achievement, regulatory approvals, and shareholder approval from SaverOne. Both companies' boards unanimously approved the transaction following an independent fairness opinion from BDO Consulting Group.The partnership aims to integrate VisionWave's proprietary radio-frequency sensing and AI-driven analytics technologies into SaverOne's existing VRU (Vulnerable Road User) platform. The combined system is designed to address concealed, obscured, and non-line-of-sight threats in environments where optical and LiDAR-only sensing systems face limitations, including occlusion, cluttered terrain, adverse weather, and complex infrastructure settings. Management currently estimates an RF-enhanced, commercially deployable solution addressing identified concealed-threat scenarios could be demonstrated during the 2026 calendar year, subject to continued development, testing, and validation.SaverOne will serve as the core operating platform for specified RF-based defense and security applications, supported by a non-exclusive global license to VisionWave's RF sensing technologies. The unified platform intends to support detection of concealed threats, counter-drone sensing, perimeter and infrastructure protection, battlefield situational awareness, and RF-based threat classification in complex environments across military, homeland security, and critical infrastructure deployments.VisionWave recently acquired the qSpeed computational acceleration engine, independently valued at $99.6 million by BDO Consulting Group. This technology addresses decision latency between threat detection and response execution by collapsing computation cycles from minutes into seconds. The system prioritizes decision-critical computations first, enabling rapid initial conclusions that continuously refine themselves as additional data becomes available. The company has announced initial progress integrating qSpeed across its WaveStrike RF-enabled fire control systems and Argus counter-drone technology.The company's intellectual property position includes U.S. Patent No. 12,499,578, which secures enforceable protection for the radio-frequency sensing and artificial intelligence architecture powering both Argus and its SkyWeave high-frequency communications backbone.VisionWave is executing strategic expansion into Southern Europe through its Solar Drone Ltd. subsidiary, having secured follow-on hardware orders and distribution agreements covering Italy and Spain for critical infrastructure maintenance markets. The company's universal Adaptation Kit enables integration of heavy-duty payloads exceeding 200 pounds into third-party drone fleets. VisionWave plans to invest up to $10 million in U.S.-based development over the next 6 to 12 months to accelerate commercialization timelines.CONTINUED… Read this and more news for VisionWave Holdings at:
https://equity-insider.com/2025/09/25/the-ai-defense-technology-developments-on-the-rise-in-2025-26/Leonardo DRS (NASDAQ: DRS) announced a subcontract award to provide Infrared Mission Payloads supporting the Space Development Agency's Tracking Layer Tranche 3, a component of the U.S. military's advanced missile defense program. As space-based mission payload provider, DRS will design, build, integrate, and test advanced infrared mission payloads supporting TRKT3's accelerated capability to provide global detection, warning, and tracking of ballistic missiles and hypersonic weapons with precision fire-control sensing data for missile interceptors."This award recognizes our innovative best-in-class technology, and continued investment in advanced space-based capabilities for programs such as the TRKT3 mission," said John Baylouny, DRS' Chief Executive Officer. "These investments allow our people to push the boundaries of advanced sensing and space payload manufacturing to support a wide range of national security priorities."Leonardo DRS is a leading provider of multi-domain advanced cooled and uncooled infrared systems for the U.S. government and allied nations with extensive installed mission capabilities across ground, sea, air, and space domains. Advanced sensing mission technology is a key strategic focus as DRS integrates industry-leading multi-domain sensing capabilities, secure communications, and laser technologies for Golden Dome, Counter-UAS, autonomous maritime fleet protection, and ground combat systems.L3Harris Technologies (NYSE: LHX) delivered the first MC-55A aircraft to the U.S. Air Force following integration and mission system testing as part of Australia's new Peregrine fleet acquisition. The Royal Australian Air Force is acquiring missionized business jets through a U.S. foreign military sales program providing airborne electronic warfare and intelligence, surveillance and reconnaissance capabilities supporting multi-domain operations for Australia and coalition forces."The MC-55A Peregrine will be a force multiplier in delivering critical data for long-range targeting, regional deployments and effective mission planning," said Jason Lambert, President, Intelligence, Surveillance and Reconnaissance, Space and Mission Systems, L3Harris. "The specialized aircraft will give the RAAF information superiority and serve as strategic assets for future Australian Defence Force operations."Follow-on aircraft will remain in the Air Force's possession while supporting RAAF training and pre-delivery requirements. L3Harris has established a field service team in Australia to work alongside local industry partners for in-country support with ongoing software and hardware upgrades ensuring Peregrine stays ready to meet evolving threats and future mission needs.Mercury Systems (NASDAQ: MRCY) received contract awards totaling more than $60 million for work associated with two critical U.S. space and strategic weapons programs, including a development contract extension for a large strategic weapons program leveraging the company's expertise in strategic radiation-hardened data and signal processing. Initially awarded in 2023, Mercury's development work will now continue through 2031 and include delivery of additional flight-testing units."Mercury is proud to support these critical U.S. national security missions," said Roya Montakhab, Senior Vice President of Integrated Processing Solutions at Mercury Systems. "The Mercury Processing Platform features unique capabilities that deliver enhanced performance and resiliency for space and strategic weapons programs, and these awards highlight the increasing demand for our technology in these domains."Mercury was also awarded a new contract from an innovative space systems prime contractor to produce subsystems for a U.S. national security space program. This is the second customer to adopt Mercury's radiation-tolerant wideband storage and processing subsystem featuring AMD Versal AI Core series FPGAs and 4.5 terabyte data storage drives recently released into production.Cloudastructure (NASDAQ: CSAI) announced successful integration of autonomous drone technology into its award-winning mobile surveillance trailer, extending the platform's proven security capabilities into aerial operations. The integration enables remote guards to deploy and operate autonomous drones directly from mobile surveillance trailers to secure large-scale industrial, logistics, distribution, and commercial properties with enhanced perimeter protection."By integrating autonomous drones with Cloudastructure's AI platform, we've extended situational awareness into the air, providing security teams with a faster, broader, and more flexible way to protect high-value assets," said Kevin Mack, Chief Technology Officer at Flex Security.The platform strategy positions Cloudastructure to become the central intelligence layer across all security hardware including drones, mobile surveillance trailers, robotics, and electric security fencing. This hardware-agnostic approach transforms disparate security assets into a cohesive AI-powered security ecosystem while enabling capital-efficient growth through strategic partnerships and expanding addressable markets beyond traditional camera-based surveillance.Article Sources: https://equity-insider.com/2025/09/25/the-ai-defense-technology-developments-on-the-rise-in-2025-26/CONTACT:Equity Insider
info @acblanke1DISCLAIMER: Nothing in this publication should be considered as personalized ?nancial advice. We are not licensed under securities laws to address your particular ?nancial situation. No communication by our employees to you should be deemed as personalized ?nancial advice. Please consult a licensed ?nancial advisor before making any investment decision. This is a paid advertisement and is neither an ofer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor quali?ed to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Equity Insider is owned by Market IQ Media Group, Inc. ("MIQ"). This article is being distributed for MIQ, who has been paid a fee for VisionWave Holdings, Inc. advertising and digital media from the company directly. There may be 3rd parties who may have shares VisionWave Holdings, Inc., and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a con?ict of interest as to our ability to remain objective in our communication regarding the pro?led company. Because of this con?ict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ owns shares of VisionWave Holdings, Inc. which were purchased in the open market. MIQ reserves the right to buy and sell, and will buy and sell shares of VisionWave Holdings, Inc. at any time thereafter without any further notice. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, which is disseminated by MIQ has been approved by VisionWave Holdings, Inc.; this is a paid advertisement, and we own shares of the mentioned company that we will sell, and we also reserve the right to buy shares of the company in the open market, or through other investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless veri?ed by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment. This publication may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations and beliefs and involve risks and uncertainties that could cause actual results to differ materially from those described. Forward-looking statements in this document are subject to risks and uncertainties, including technological, regulatory, market, and geopolitical factors, which may cause actual results to differ materially. VisionWave Holdings, Inc. makes no representations or warranties as to the accuracy of third-party projections or market data cited herein.SOURCES:1. https://www.govconwire.com/articles/trump-fy26-ndaa-acquisition-reforms2. https://natlawreview.com/press-releases/electronic-warfare-systems-market-analysis-future-demand-and-leading-key3. https://news.satnews.com/2026/01/15/mda-adds-340-vendors-to-151-billion-shield-enterprise-in-third-major-tranche/4. https://www.globenewswire.com/news-release/2026/01/20/3222048/28124/en/Homeland-Security-Market-Report-2026-753-7-Bn-Opportunities-Trends-Competitive-Landscape-Strategies-and-Forecasts-2020-2025-2025-2030F-2035F.htmlLogo - https://mma.prnewswire.com/media/2840019/5737818/Equity_Insider_Logo.jpg
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Original: Defense Stocks Ignite as $900 Billion Pentagon Budget Triggers AI Tech Revolution
Pisd
4年前
L3Harris' Successful 'Eye' Integration, Extreme Testing Enabled James Webb Space Telescope Images
9:00 am ET March 22, 2022 (BusinessWire)
L3Harris Technologies (NYSE:LHX) engineers integrated a complex system of mirrors on NASA's James Webb Space Telescope, then simulated the harsh conditions of space to rigorously test the functions, ensuring the successful capture of ancient light providing insights into the universe's origins.
More than a decade of careful, methodical work by L3Harris, dating back to 2003, led to the successful 18-mirror alignment just announced by NASA, confirming Webb's 'eye' is working as designed, resulting in a "fully focused image of a single star."
After integrating the complex system of mirrors, a team of L3Harris engineers performed a series of optical tests using a cryogenic vacuum chamber at NASA's Johnson Space Center to assess the telescope's ability to operate in harsh space conditions. The recent successful image capture proves the L3Harris integration and testing paid off, paving the way for this scientific progress.
"There are no second chances one million miles from Earth," said Ed Zoiss, president, L3Harris Space and Airborne Systems. "Accurately replicating the environment where the Webb telescope would operate and testing it with increasing fidelity and complexity here on earth was essential to building confidence it would perform flawlessly to support this important scientific mission." The telescope reached its orbit at the second Lagrange point Jan. 24, one month after launch.
L3Harris engineers integrated the mirrors for the Optical Telescope Element (OTE) - the eye of the telescope observatory, as well as installed the Integrated Science Instrument Module (ISIM) into the OTE structure, resulting in such precise alignment. The OTE will collect light to create sharp images of deep space and light from atmospheres of exoplanets never seen before. The ISIM holds the four science instruments that will gather light delivered by the telescope and produce images and spectra.
Webb is the largest space telescope ever built -- two-and-a-half times larger in diameter and six times larger in area than the Hubble Space Telescope. Thousands of engineers and scientists worked on the Webb telescope from an international consortium of NASA, the European Space Agency, the Canadian Space Agency, 300 universities, organizations and companies in 29 U.S. states and 14 countries.
"The James Webb Space Telescope is possible because of engineers, including those at L3Harris, who rigorously engineered elements of the spacecraft," Zoiss said. "Building, integrating and testing spacecraft and components is a core capability at L3Harris, dating back to the early days of NASA and continuing for new missions."
L3Harris is building the optical telescope for the Nancy Grace Roman Space Telescope, which will study dark energy, dark matter, exoplanets and infrared astrophysics. The company is also supporting NASA Orion's first crewed flight, and designing and building the engineering development unit telescopes for the Laser Interferometer Space Antenna, which will demonstrate the ability to measure gravitational waves in space.
Information about L3Harris' role on the Webb telescope and other missions will be available during the 37th Space Symposium April 4-7 in Colorado Springs, Colo.
About L3Harris Technologies
L3Harris Technologies is an agile global aerospace and defense technology innovator, delivering end-to-end solutions that meet customers' mission-critical needs. The company provides advanced defense and commercial technologies across space, air, land, sea and cyber domains. L3Harris has more than $17 billion in annual revenue and 47,000 employees, with customers in more than 100 countries. L3Harris.com.
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