L3Harris Stock Surges as Missile Motor Demand Drives Record Orders

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L3Harris Q3 organic sales increased 9% to $6.1bn while EPS climbed 33% to $3.28.

Total company order backlog reached a record $53.2bn following $11bn in new missile defence contracts.

Solid rocket motor deliveries for THAAD systems are set to triple by 2027, with PAC-3 motor output doubling.

Bank of America raised its price target on LHX stock to $375, citing strong strategic backlog positioning.

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