Contract win puts L3Harris in the THAAD propulsion spotlight L3Harris Technologies (LHX) just secured an undefinitized contract from Lockheed Martin worth more than US$6b over seven years to expand propulsion output for the THAAD missile defense system. The arrangement follows a prior framework with the Department of War to quadruple THAAD propulsion production and includes both a new Solid Rocket Boost Motor facility and added Liquid Divert and Attitude Control capacity. For investors watching L3Harris Technologies, the share price tells a mixed story. The stock is down about 9% over the past month and 22% year to date on a share price basis, even though the 3 year total shareholder return is up roughly 53%.
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