L3Harris Secures Landmark $4.7B Propulsion Contract for PAC-3 Missiles

Key Facts

1L3Harris received a $4.7 billion contract over seven years to produce propulsion systems for PAC-3 MSE interceptors.

2The contract was awarded by Lockheed Martin and represents L3Harris' largest PAC-3 propulsion award to date.

In a move that underscores the growing global demand for advanced defense systems, L3Harris has secured a massive $4.7 billion contract to produce propulsion systems for PAC-3 MSE interceptors. The seven-year award, granted by Lockheed Martin, aligns with a long-term framework agreement with the Department of War to bolster missile production and defense capabilities. This agreement represents the largest PAC-3 propulsion award in the history of L3Harris to date.

Per market data, Lockheed Martin (LMT) shares closed at $525.28 on September 4, 2026, with a daily trading range between $524.03 and $533.72. This landmark contract provides significant long-term revenue visibility for L3Harris, despite being an undefinitized award, signaling continued growth within the aerospace and defense sector as major contractors consolidate their supply chains.

At the close of September 4, 2026, LMT stood at $525.28, while specific price data for LHX remained unavailable in the latest update. Investors will likely monitor the execution phase of this multi-year contract as a primary catalyst for valuation. With no major upcoming economic catalysts directly linked to these defense firms in the immediate calendar, the focus remains on corporate production milestones.