LHX Stock Looks To Snap Losses: L3Harris Wins Space Force Deal For Missile Tracking Satellites

• L3Harris’ Space Force program will deliver 18 advanced satellites for the AMDT3 initiative.
• Production will begin in Indiana and Florida, expanding the company’s defense satellite portfolio to over 70 systems.
• L3Harris has also secured $84 million in U.S. Army orders for its Falcon Manpack Command and Control radio systems. 

L3Harris Technologies (LHX) stock gained overnight after securing a new U.S. Space Force contract to build 18 advanced missile-tracking satellites to strengthen the United States’ space-based defense network. 

LHX Satellites To Strengthen U.S. Missile Defense Network 

L3Harris’ program will support the Space Development Agency’s (SDA) Accelerated Missile Defense Tranche 3 (AMDT3) effort and contribute to the nation’s Golden Dome missile defense capabilities.

The company said the satellites will help identify and monitor sophisticated missile threats, including hypersonic and ballistic weapons. 

“L3Harris’ continued work in Indiana will deliver the next generation of space-based tracking capabilities that we need to protect the homeland and stay ahead of our adversaries,” said Sen. Jim Banks, R-Ind. “This is exactly the kind of industrial investment that strengthens deterrence.”

L3Harris will begin production using its expanded facilities in Indiana and a newly established satellite integration site in Florida. The AMDT3 satellites will feature medium-field-of-view sensors designed to deliver the precision tracking information required for missile defense operations.

This latest Space Force win expands L3Harris' orbital footprint, pushing the company's total active order book to more than 70 missile-tracking and defense satellites. Currently, five of its specialized Hypersonic and Ballistic Tracking Space Sensor (HBTSS) satellites are operational in orbit. 

L3Harris Technologies stock edged 0.8% higher overnight, ahead of Tuesday. 

What Is The ‘Golden Dome’ Project 

The ‘Golden Dome’ is a large U.S. missile and air defense project launched by President Donald Trump in 2025. The program combines many defense technologies, including satellites in space, missile interceptors, laser weapons, and upgraded systems on land and at sea. 

The U.S. Space Force manages the effort, and the Pentagon has requested $17.5 billion in its FY2027 budget to support the project, with a goal of making it operational before the end of the current presidential term. However, the plan has faced criticism because of its enormous cost and complexity.

Earlier this month, L3Harris secured $84 million in U.S. Army orders for its Falcon Manpack Command and Control (NGC2) software-defined radio systems. The deliveries will help modernize military communications and improve battlefield operations.

L3Harris will report fiscal second-quarter (Q2) earnings on July 29. Analysts see $2.64 billion in revenue with earnings of $4.06 per share, according to Fiscal AI data. 

LHX Retail Traders View 

On Stocktwits, retail sentiment around the stock remained in ‘bullish’ territory with a 200% rise in message volume over 24 hours. 

LHX stock has slumped 21% so far this year. 

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