L3Harris Technologies LHX has seen an 8.5% rise following its plan to spin-off a missile solutions unit, which is backed by the Pentagon. This spin-off contributes to the company's strategy to accelerate its 'Arsenal of Freedom' and comes with a $1billion investment from the Pentagon. However, despite the rise, views on the company's stock remain mixed, with some considering it too expensive to buy at any price. Recent share price momentum has also caused some to question the company's valuation. Investment in L3Harris has been growing, with numerous firms substantially increasing their stock positions, despite the company being considered overvalued by others. L3Harris has recently reorganized its businesses and is planning an IPO for a missile solutions unit. Despite this, there is still skepticism regarding the company's financials. L3Harris is also in the process of selling a 60% stake in its space propulsion business, with various price targets being recently raised by several institutions. The company's defense partnership with the EDGE Group in the UAE is expected to further improve.
L3harris Technologies LHX News Analytics from Thu, 18 Sep 2025 07:00:00 GMT to Fri, 16 Jan 2026 22:15:13 GMT -
Rating 2
- Innovation 5
- Information 7
- Rumor 2
