Latest news with #L3Harris
CNBC
5 hours ago
- Business
- CNBC
The scale of Trump's 'Golden Dome' is a boon for defense stocks even if it isn't completed, says Bernstein
Major defense stocks can still benefit even if President Donald Trump 's "Golden Dome" project fails, according to Bernstein. The prospect of completing the missile defense system before the end of Trump's term in 2029, which the president has cited as his goal for the project, is highly unlikely, analyst Douglas Harned wrote in a note to clients last week. However, that doesn't mean the effort won't drive business for the defense industry, he said. "Even if the system fails to deliver, we expect elements to survive and for companies to profit off efforts, even when they do not succeed — and spending could go much higher," Harned said. Creating such an expansive defense system will likely require contributions and cooperation from the entire industry, Harned explained. Also, Trump has also mentioned extending contracts to some nontraditional companies, Harned said, adding that this decision may not make the project any easier. "While we see little chance that the system will be complete within three years, we expect money will be spent and benefit most major defense contractors," he said. Harned expects L3Harris Technologies , RTX, Northrop Grumman , Lockheed Martin , BAE Systems and Boeing will be among the beneficiaries. Bernstein rates Boeing and L3Harris Technologies overweight, and has a market perform rating on the rest. Harned's $273 per share price target on L3Harris implies nearly 10% upside from Wednesday's $248.83 close, while his $249 price target for Boeing suggests roughly 25% upside. Boeing shares closed at $197.68 on Wednesday, giving it a 13% year to date gain. L3Harris shares are up 19% over the same period. (Markets were closed Thursday.) Trump estimated last month that the project will cost roughly $175 billion, but Harned anticipates it will ultimately cost more than that. About $25 billion has already been included in the 2026 U.S. defense budget, according to Trump. The project's ambitions are a big challenge, according to the analyst. "In order to truly defend the entire US," he said, "it will be necessary to go back to a complex multi-layered system, that can address a wide range of attacks." "The cost of true coverage of the US will be extreme, with the problem that the system would always need to evolve as enemies evolve their capabilities," Harned said. "The situation is analogous to cybersecurity. It is much less expensive to attack than it is to defend."
Reuters
4 days ago
- Business
- Reuters
Lockheed, Boeing tout Golden Dome credentials at Paris air show
PARIS, June 16 (Reuters) - Lockheed Martin (LMT.N), opens new tab and Boeing (BA.N), opens new tab said on Monday they are positioning themselves to secure a significant share of U.S. President Donald Trump's Golden Dome missile defense system, as competition intensifies over what could become one of the world's largest defense contracts. Announced by Trump in January, Golden Dome is projected to cost up to $175 billion and aims to create a network of satellites, perhaps numbering in the hundreds, to detect, track and potentially intercept incoming missiles. While the program envisions cutting-edge technologies such as space-based interceptors and directed-energy weapons, many of the early systems are expected to come from existing defense platforms. That puts established players like L3Harris Technologies (LHX.N), opens new tab, Lockheed Martin, Boeing and RTX Corp (RTX.N), opens new tab in contention for early contracts. "We clearly have a whole number of product lines that will contribute very well, that are going to fit very well with what is necessary to achieve the mission," said Tim Cahill, President of Missiles and Fire Control at Lockheed Martin. "The key is going to be in the acceleration in some cases of production for volume, the upgrades potentially, the enhancements," Cahill told reporters at the Paris Airshow, the world's largest aerospace gathering. Lockheed Martin already supplies systems that could be integrated into Golden Dome, including C2BMC missile detection and command system, the PAC-3 advanced air defense missile and the THAAD interceptor. At a separate media briefing at the air show, Boeing's interim CEO for space and defense, Steve Parker, said the company had done "a lot of work" on Golden Dome, without going into details. Boeing has developed compact laser weapons capable of downing drones and potentially intercepting missiles and it produces components for the PAC-3 missile, including seekers. Elon Musk's SpaceX, as the largest rocket launcher and satellite company in the world, is considered a frontrunner for Golden Dome, although Musk's recent falling out with Trump has led to a review of SpaceX contracts, Reuters reported last week. AI-firm Palantir PLTR.O and drone-maker Anduril are also potential beneficiaries for components of the system. Stephanie Hill, Lockheed's president of the Rotary and Mission Systems, said it had "a lot of discussions" with competitors about collaborating on Golden Dome, without naming any. She said that SpaceX, Palantir and Anduril were among the companies that could offer important technology for the project. "It's going to take all of industry ... defense industry, commercial industry, it's going to take all of government and academia to really make this Golden Dome for America," Hill said. Golden Dome's funding remains uncertain. Republican lawmakers have proposed a $25-billion initial investment as part of a broader $150-billion defense package, but this funding is tied to a contentious reconciliation bill that faces significant hurdles in Congress.
Globe and Mail
6 days ago
- Business
- Globe and Mail
LMT, RTX, LHX: Defense Stocks Surge as Military Conflict Erupts Between Israel and Iran
Leading U.S. defense stocks such as Lockheed Martin (LMT), L3Harris Technologies (LHX), and RTX Corp. (RTX) are rising after Israel launched targeted attacks on Iran. Confident Investing Starts Here: Media reports say that Israel attacked Iran overnight on June 13, targeting nuclear facilities and military sites. While the attacks have sent global stock markets in Europe, Asia and the U.S. lower, they have led to a surge in the share prices of defense contractors. LMT, RTX and LHX stocks are each up about 5% on news of the largest attack on Iran since the Iran-Iraq war in the 1980s. Israel itself has declared a state of emergency as Iran retaliated early on June 13 with a massive drone strike. Some media have raised the prospect of all-out war between Israel and Iran. Gold and Oil While U.S. defense stocks are gaining on news of the military conflict, it appears that Israel has carried out this latest attack on Iran independent of America. U.S. President Donald Trump has said that the American military has not been involved in the attack on Iran. Israel currently employs Lockheed Martin's F-35 stealth fighter jets and other state-of-the-art U.S. military equipment and weapons. In addition to defense stocks, the price of gold is up 1.3% to $3,435.50 an ounce and Brent crude oil, the international standard, is up nearly 10% to $75.14 per barrel. Is LMT Stock a Buy? The stock of Lockheed Martin has a consensus Moderate Buy rating among 15 Wall Street analysts. That rating is based on seven Buy and eight Hold recommendations assigned in the last three months. The average LMT price target of $521.07 implies 11.04% upside from current levels.
Associated Press
11-06-2025
- Business
- Associated Press
IEE Under Contract with L3Harris for Viper Shield™ Line Replaceable Unit (LRU) Displays
SYLMAR, Calif.--(BUSINESS WIRE)--Jun 11, 2025-- IEE, manufacturer of field-proven military displays, is moving into the production phase of a contract with L3Harris to deliver hundreds of 3ATI Electric Warfare (EW) Multi-Function Displays (MFDs) following the recent first-flight success of the Viper Shield digital electronic warfare system in the single-seat F-16 Block 70. As the cockpit display portion of a multi-LRU EW System (EWS), IEE's 3ATI is a critical part of the Viper Shield system. This press release features multimedia. View the full release here: IEE 3ATI EW-MFD The full-color 3ATI is a smart display that presents threat data as well as diagnostic functions for the EWS. It also functions as the aircrew controller of the EWS. Through six system control buttons, the unit provides controls to start built-in test, prioritize threats, change modes, and mute audio. It can also give selective menus to regulate and change mission characteristics of the EWS. It features a two-position brightness control button to regulate the screen brightness from NVIS through daylight readable luminance. 'IEE has been working with L3Harris on this game changing technology for several years, and we continue to support the development and production of this 3ATI for the all-digital electronic warfare suite,' said Steve Motter, VP of Business Development. 'We congratulate the Viper Shield team for a successful first flight and are happy to have entered the production phase of this exciting project.' IEE's 3ATI is customizable to size, resolution, interface and bezel design. Product Features and Specifications About IEE: For over 75 years, IEE has been a trusted provider of enhanced displays for military and industrial applications. From rapid prototyping of custom designs to full-scale production runs, IEE's factory in Sylmar, CA produces innovative displays with advanced features like low-latency video processing, high-bright and NVIS backlighting, and lightweight, ruggedized enclosures. IEE's direct control of critical process steps reduces costs, decreases production lead times and improves lifecycle management. IEE display products are distributed worldwide. IEE is ISO 9001:2015 and AS9100D certified. For more information: visit Get our updates: Follow us at: Become a fan: View source version on CONTACT: For Press Inquiries Contact: Nancy King 310-433-9966 [email protected] KEYWORD: EUROPE UNITED STATES NORTH AMERICA FRANCE CALIFORNIA INDUSTRY KEYWORD: AEROSPACE TECHNOLOGY MANUFACTURING SECURITY MILITARY GOVERNMENT TECHNOLOGY DEFENSE AUDIO/VIDEO ENGINEERING HARDWARE ELECTRONIC DESIGN AUTOMATION SOURCE: IEE Copyright Business Wire 2025. PUB: 06/11/2025 09:45 AM/DISC: 06/11/2025 09:45 AM
Business Wire
11-06-2025
- Business
- Business Wire
IEE Under Contract with L3Harris for Viper Shield™ Line Replaceable Unit (LRU) Displays
SYLMAR, Calif.--(BUSINESS WIRE)--IEE, manufacturer of field-proven military displays, is moving into the production phase of a contract with L3Harris to deliver hundreds of 3ATI Electric Warfare (EW) Multi-Function Displays (MFDs) following the recent first-flight success of the Viper Shield digital electronic warfare system in the single-seat F-16 Block 70. As the cockpit display portion of a multi-LRU EW System (EWS), IEE's 3ATI is a critical part of the Viper Shield system. "IEE has been working with L3Harris on this game changing technology for several years, and we continue to support the development and production of this 3ATI for the all-digital electronic warfare suite," said Steve Motter, VP of Business Development. Share The full-color 3ATI is a smart display that presents threat data as well as diagnostic functions for the EWS. It also functions as the aircrew controller of the EWS. Through six system control buttons, the unit provides controls to start built-in test, prioritize threats, change modes, and mute audio. It can also give selective menus to regulate and change mission characteristics of the EWS. It features a two-position brightness control button to regulate the screen brightness from NVIS through daylight readable luminance. 'IEE has been working with L3Harris on this game changing technology for several years, and we continue to support the development and production of this 3ATI for the all-digital electronic warfare suite,' said Steve Motter, VP of Business Development. 'We congratulate the Viper Shield team for a successful first flight and are happy to have entered the production phase of this exciting project.' IEE's 3ATI is customizable to size, resolution, interface and bezel design. Product Features and Specifications Active display area: 2.38' x 2.38" 24-bit color 480 x 480 pixel resolution, RGB vertical stripe arrangement Choice of bezel buttons or control knob Backlit LED Adjustable brightness control, day/night mode MIL-STD-1553B and RS-422 Tx/Rx (x2) serial interface; other interfaces available Processor: DM370 System on Module (SOM) with: ARM® Cortex® -A8 at 800 MHz, 256/512 or 512/512 MB DRAM/Flash TMS320C64x+™ DSP core at 800 MHz POWER SGX™ graphics accelerator About IEE: For over 75 years, IEE has been a trusted provider of enhanced displays for military and industrial applications. From rapid prototyping of custom designs to full-scale production runs, IEE's factory in Sylmar, CA produces innovative displays with advanced features like low-latency video processing, high-bright and NVIS backlighting, and lightweight, ruggedized enclosures. IEE's direct control of critical process steps reduces costs, decreases production lead times and improves lifecycle management. IEE display products are distributed worldwide. IEE is ISO 9001:2015 and AS9100D certified. For more information: visit
