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Stock impact report

L3Harris Receives New Contract to Power THAAD Interceptors

L3Harris Technologies, Inc. (LHX) 
Last l3harris technologies, inc. earnings: 2/4 06:30 am Check Earnings Report
Company Research Source: Business Wire
MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE: LHX) has received a new contract valued at nearly $400 million to produce additional solid rocket boost motors and Liquid Divert and Attitude Control Systems (LDACS) as a supplier to the prime contract for the Missile Defense Agency’s Terminal High Altitude Area Defense (THAAD) system. THAAD is one of the nation’s primary defenses against short, medium and intermediate-range missiles.“THAAD is the only U.S. system designed to intercept targets outside and inside the atmosphere, making it a critical part of the United States’ missile defense system,” said Ken Bedingfield, President, Missile Solutions, L3Harris. “THAAD is paramount to the security of this nation and our allies, and we are dedicated to delivering our proven propulsion for years to come.”THAAD is combat-proven and has a 100% success rate in intercept tests, with 17 for 17 THAAD system intercepts, since production began. In 2024, L3Harris announced it deliv Show less Read more
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