L3Harris Technologies Stock Drops 2.33% with $246 Million Turnover Ranking 345th in Trading Volume Amid Defense Innovations

On March 28, 2025, L3Harris Technologies (LHX) experienced a significant drop in its stock price, declining by 2.33%. The company's trading volume for the day was substantial, with a turnover of $246 million, placing it at the 345th position in terms of trading volume for the day.

L3Harris Technologies recently unveiled an advanced large solid rocket motor, named eSR-19, which was successfully tested as part of a Missile Defense Agency (MDA) exercise. The eSR-19 motor, an upgraded version of the SR-19, features a lighter filament-wound composite case and other enhancements that improve its performance. This motor powered the target's first and second stages during the test, demonstrating its capability to support the U.S. missile defense program. The successful mission marks L3Harris' 39th launch in support of this program, highlighting the company's expertise in developing advanced propulsion systems for defense applications.

Additionally, L3Harris Technologies is involved in the development of the Precision Strike Missile (PrSM), which is designed to provide long-range precision strike capabilities. The PrSM is being developed to neutralize targets at distances greater than 400 km and is compatible with HIMARS and M270 launchers. The company's commitment to rigorous testing ensures that the PrSM meets the highest standards of performance and reliability, providing a decisive advantage on the battlefield.