L3Harris Teams with Joby Aviation on Hybrid VTOL Amid $250M Trade Volume Ranking 391st as Stock Hits 25% Q3 Surge

On August 19, 2025, L3Harris (LHX) saw a 0.11% rise in its stock price with a trading volume of $0.25 billion, ranking 391st in daily market activity. Strategic collaborations and earnings momentum have driven recent investor interest. The company announced a partnership with Joby Aviation to develop a military-grade hybrid gas turbine vertical takeoff and landing (VTOL) aircraft, targeting low-altitude defense missions. This initiative aligns with L3Harris’s expanded 2025 revenue guidance, driven by a 2.4% year-over-year revenue increase in Q2 to $5.43 billion and a non-GAAP earnings per share of $2.78, surpassing Wall Street estimates. Barclays upgraded L3Harris to Overweight with a raised price target to $305, citing improved financial metrics and long-term defense sector demand.

The collaboration with Joby Aviation highlights L3Harris’s focus on hybrid propulsion systems for defense applications, with flight testing slated for late 2025. Analysts note the partnership strengthens L3Harris’s position in military aviation innovation, complementing its recent expansion in electronic warfare and kinetic platforms. The company also reaffirmed a quarterly dividend and outlined plans to scale manufacturing capabilities, reinforcing its commitment to defense sector growth. Despite broader market volatility linked to tariff concerns, L3Harris’s stock has shown resilience amid a 25% increase in the past quarter, supported by robust order intake and strategic R&D investments.

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