Joby is working together with
L3Harris Technologies towards the advancement of defense applications for autonomous hybrid VTOL aircraft.
L3Harris (LHX), inspired by defense tech innovation, has experienced a boost in their stock due to increased orders. The partnering between Joby and L3Harris hints towards the exploration of a new gas turbine hybrid VTOL aircraft. Stock price targets for L3Harris Technologies have seen a rise to $320 from $300, as reported by Susquehanna.
L3Harris Technologies has also made waves with impressive Q2 2025 results, with the stock getting strong endorsements. However, the financial prospects for the company are being closely scrutinized, despite the uptrend in stock value.
Strong Q2 results and expansions in manufacturing have been perceived as potential game changers for the company. The company also currently basks in the success of nearly $500 million invested in an expansive rocket motor campus. However, the stock did experience some hesitancy due to insider selling of shares. Despite certain short-term uncertainties, L3Harris Technologies, with its strong Q2 earnings and raised guidance, appears to be a strategic play in the defense sector.
L3harris Technologies LHX News Analytics from Mon, 24 Feb 2025 08:00:00 GMT to Fri, 01 Aug 2025 17:58:07 GMT -
Rating 8
- Innovation 6
- Information 7
- Rumor -1
