L3Harris Wins $6B Missile Propulsion Contract from Lockheed Martin

Key Facts

1L3Harris secured a $6 billion contract from Lockheed Martin to provide missile propulsion systems.

L3Harris secured a $6 billion contract from Lockheed Martin to provide missile propulsion systems. Seeking Alpha reported that the agreement is designed to secure the supply chain for propulsion components, which are critical for Lockheed Martin's defense platforms.

LMT closed at $518.1 on September 28, 2026, with the stock reaching a session high of $524.27 and a low of $516.1. This industrial partnership marks a significant collaboration within the defense sector to stabilize production capabilities.