L3Harris Technologies stock gains on a new Navy award
AD HOC NEWS
L3Harris Technologies (LHX) saw its stock gain after securing a multi-year agreement with the Naval Air Warfare Center Weapons Division China Lake for Tomahawk missile components. This contract, while modest in immediate value, is significant for providing long-term backlog visibility. The company's stock is trading near its 52-week low despite beating consensus earnings and revenue estimates in its last reported quarter.
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