L3Harris Technologies: Boosted by Defense Tech Innovation and Increased Orders with a Potential Upside of 11.3%

L3Harris Technologies (LHX) received a boosted price target of $305 from Barclays, suggesting an 11.3% upside. The firm's updated model reflects improved margins and stronger-than-expected bookings. L3Harris has benefited from a rebound in U.S. defense procurement and steady international demand for its communications systems and space technologies.

L3Harris Technologies (LHX) has received a significant boost in its stock price target, with Barclays raising its estimate to $305, indicating an 11.3% upside. This updated assessment reflects improved margins and stronger-than-expected bookings for the company. The firm's robust performance is largely attributed to a rebound in U.S. defense procurement and steady international demand for its communications systems and space technologies [2].

The latest procurement news from the United States highlights the growing investment in missile defense. The U.S. has launched a $151 billion procurement process for the "Golden Dome" program, a large-scale missile defense initiative aimed at developing advanced technologies for a future continental defense system [1]. This initiative underscores the U.S.'s long-term strategy to enhance homeland defense and integrate missile warning, tracking, and interception capabilities. The procurement effort is expected to attract bids from a wide range of defense and technology firms, signaling a significant reshaping of U.S. defense procurement priorities.

Additionally, L3Harris has been involved in a notable contract with Italy's Ministry of Defence. The Italian MoD has signed a USD300 million contract with L3Harris Technologies for the delivery of two EA-37B Compass Call aircraft, equipped with advanced electromagnetic warfare systems [3]. This contract marks a strategic partnership that will enhance Italy's electronic warfare capabilities, further bolstering L3Harris's international presence and reputation.

These developments suggest a positive outlook for L3Harris Technologies, as it continues to benefit from strong defense procurement trends and strategic partnerships. The company's ability to capitalize on these opportunities is likely to drive further growth and support its stock price.

References:
[1] https://defence-industry.eu/u-s-launches-151-billion-procurement-for-golden-dome-programme-financial-times/
[2] https://www.bloomberg.com/news/articles/2025-07-30/leonardo-to-buy-iveco-s-defense-unit-for-almost-2-billion
[3] https://www.ch-aviation.com/news/156543-italy-signs-300mn-deal-with-l3harris-for-two-ea-37bs