{"success":true,"data":{"pressRelease":{"id":"155614","rtpr_id":"nBw8jKzzqa-20260929","ticker":"LHX","exchange":"NYSE","all_tickers":["LHX"],"title":"L3Harris Receives THAAD Propulsion Contract Valued at $6 Billion","author":"Business Wire","published_at":"2026-09-29T14:00:00.483Z","article_body":"L3Harris Receives THAAD Propulsion Contract Valued at $6 Billion\n\nL3Harris Technologies (NYSE: LHX) has received an undefinitized contract from\nLockheed Martin, valued at more than $6 billion (excluding escalations) over\nseven years, to significantly expand propulsion production for the Terminal\nHigh Altitude Area Defense (THAAD) system.\n\nThis major milestone follows a framework agreement\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.l3harris.com%2Fnewsroom%2Fpress-release%2F2026%2F07%2Fl3harris-signs-framework-quadruple-thaad-propulsion-production&esheet=54611045&newsitemid=20260928234970&lan=en-US&anchor=framework+agreement&index=1&md5=877218f033f15458d97ddf0204743a27)\nL3Harris and the Department of War announced earlier this year to quadruple\nTHAAD propulsion production. This award, along with the recently released\nPAC-3 MSE propulsion contract\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.l3harris.com%2Fnewsroom%2Fpress-release%2F2026%2F09%2Fl3harris-receives-pac-3-mse-propulsion-arsenal-of-freedom&esheet=54611045&newsitemid=20260928234970&lan=en-US&anchor=contract&index=2&md5=a9f47ec1825435038f752252a5c167d7)\n, is consistent with the company’s previously announced expectations for\nboth programs.\n\n“This contract underscores L3Harris’ demonstrated ability to quickly\ndeliver critical defense technologies at the scale and speed required by the\nDepartment of War,” said Ken Bedingfield, President, Missile Solutions,\nL3Harris. “Our planned facility expansions, along with ongoing investments\nacross our propulsion portfolio, will ensure we remain ready to support the\nnation’s most important missile defense missions and continue to enable a\nwartime footing.”\n\nThe company will construct a new facility to support increased THAAD Solid\nRocket Boost Motor manufacturing and is also expanding capacity for THAAD’s\nLiquid Divert and Attitude Control production.\n\n“L3Harris is proud to partner with Lockheed Martin to significantly scale\nproduction of these vital interceptors, providing warfighters with the\nreliable, proven capabilities they need to defeat a range of threats,”\nBedingfield added.\n\nTHAAD is one of the nation’s most advanced missile defense systems, capable\nof intercepting threats inside and outside of Earth’s atmosphere. THAAD has\nachieved a 100% intercept success rate in flight tests since production began,\nproviding crucial defense against short-, medium- and intermediate-range\nballistic missile threats.\n\nAbout L3Harris Technologies\n\nL3Harris is the Trusted Disruptor in defense tech. With customers’\nmission-critical needs always in mind, our employees deliver end-to-end\ntechnology solutions connecting the space, air, land, sea and cyber domains in\nthe interest of national security. Visit L3Harris.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.l3harris.com%2F&esheet=54611045&newsitemid=20260928234970&lan=en-US&anchor=L3Harris.com&index=3&md5=d963fb2252a988176b9d960652cd15e2)\nfor more information.\n\nForward-Looking Statements\n\nThis press release contains forward-looking statements that reflect\nmanagement's current expectations, assumptions and estimates of future\nperformance and economic conditions. Such statements are made in reliance upon\nthe safe harbor provisions of the Private Securities Litigation Reform Act of\n1995 and may be identified by the use of the words such as “expect,”\n“will” or similar expressions. In addition, statements about order values,\nfuture plans, production capacity and system capabilities are forward-looking\nand involve risks and uncertainties. The company cautions investors that any\nforward-looking statements are subject to risks and uncertainties that may\ncause actual results and future trends to differ materially from those matters\nexpressed in or implied by such forward-looking statements, including\ncontinued funding up to the full contract value and other risks set forth in\nthe Company’s Annual Report on Form 10-K and other filings with the SEC.\nL3Harris disclaims any intention or obligation to update or revise any\nforward-looking statements, whether as a result of new information, future\nevents, or otherwise.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260928234970/en/\n(https://www.businesswire.com/news/home/20260928234970/en/)\n\nMedia Contacts:\n\nJessica Carlton \n\nMissile Solutions\n\nJessica.Carlton@L3Harris.com \n(mailto:Jessica.Carlton@L3Harris.com) \n256-690-9626\n\nSara Banda \n\nCorporate\n\nMedia@L3Harris.com \n(mailto:Media@L3Harris.com) \n321-306-8927\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBw8jKzzqa-20260929","title":"L3Harris Receives THAAD Propulsion Contract Valued at $6 Billion","author":"Business Wire","ticker":"LHX","created":"2026-09-29T14:00:00.483Z","tickers":["LHX"],"exchange":"NYSE","article_body":"L3Harris Receives THAAD Propulsion Contract Valued at $6 Billion\n\nL3Harris Technologies (NYSE: LHX) has received an undefinitized contract from\nLockheed Martin, valued at more than $6 billion (excluding escalations) over\nseven years, to significantly expand propulsion production for the Terminal\nHigh Altitude Area Defense (THAAD) system.\n\nThis major milestone follows a framework agreement\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.l3harris.com%2Fnewsroom%2Fpress-release%2F2026%2F07%2Fl3harris-signs-framework-quadruple-thaad-propulsion-production&esheet=54611045&newsitemid=20260928234970&lan=en-US&anchor=framework+agreement&index=1&md5=877218f033f15458d97ddf0204743a27)\nL3Harris and the Department of War announced earlier this year to quadruple\nTHAAD propulsion production. This award, along with the recently released\nPAC-3 MSE propulsion contract\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.l3harris.com%2Fnewsroom%2Fpress-release%2F2026%2F09%2Fl3harris-receives-pac-3-mse-propulsion-arsenal-of-freedom&esheet=54611045&newsitemid=20260928234970&lan=en-US&anchor=contract&index=2&md5=a9f47ec1825435038f752252a5c167d7)\n, is consistent with the company’s previously announced expectations for\nboth programs.\n\n“This contract underscores L3Harris’ demonstrated ability to quickly\ndeliver critical defense technologies at the scale and speed required by the\nDepartment of War,” said Ken Bedingfield, President, Missile Solutions,\nL3Harris. “Our planned facility expansions, along with ongoing investments\nacross our propulsion portfolio, will ensure we remain ready to support the\nnation’s most important missile defense missions and continue to enable a\nwartime footing.”\n\nThe company will construct a new facility to support increased THAAD Solid\nRocket Boost Motor manufacturing and is also expanding capacity for THAAD’s\nLiquid Divert and Attitude Control production.\n\n“L3Harris is proud to partner with Lockheed Martin to significantly scale\nproduction of these vital interceptors, providing warfighters with the\nreliable, proven capabilities they need to defeat a range of threats,”\nBedingfield added.\n\nTHAAD is one of the nation’s most advanced missile defense systems, capable\nof intercepting threats inside and outside of Earth’s atmosphere. THAAD has\nachieved a 100% intercept success rate in flight tests since production began,\nproviding crucial defense against short-, medium- and intermediate-range\nballistic missile threats.\n\nAbout L3Harris Technologies\n\nL3Harris is the Trusted Disruptor in defense tech. With customers’\nmission-critical needs always in mind, our employees deliver end-to-end\ntechnology solutions connecting the space, air, land, sea and cyber domains in\nthe interest of national security. Visit L3Harris.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.l3harris.com%2F&esheet=54611045&newsitemid=20260928234970&lan=en-US&anchor=L3Harris.com&index=3&md5=d963fb2252a988176b9d960652cd15e2)\nfor more information.\n\nForward-Looking Statements\n\nThis press release contains forward-looking statements that reflect\nmanagement's current expectations, assumptions and estimates of future\nperformance and economic conditions. Such statements are made in reliance upon\nthe safe harbor provisions of the Private Securities Litigation Reform Act of\n1995 and may be identified by the use of the words such as “expect,”\n“will” or similar expressions. In addition, statements about order values,\nfuture plans, production capacity and system capabilities are forward-looking\nand involve risks and uncertainties. The company cautions investors that any\nforward-looking statements are subject to risks and uncertainties that may\ncause actual results and future trends to differ materially from those matters\nexpressed in or implied by such forward-looking statements, including\ncontinued funding up to the full contract value and other risks set forth in\nthe Company’s Annual Report on Form 10-K and other filings with the SEC.\nL3Harris disclaims any intention or obligation to update or revise any\nforward-looking statements, whether as a result of new information, future\nevents, or otherwise.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260928234970/en/\n(https://www.businesswire.com/news/home/20260928234970/en/)\n\nMedia Contacts:\n\nJessica Carlton \n\nMissile Solutions\n\nJessica.Carlton@L3Harris.com \n(mailto:Jessica.Carlton@L3Harris.com) \n256-690-9626\n\nSara Banda \n\nCorporate\n\nMedia@L3Harris.com \n(mailto:Media@L3Harris.com) \n321-306-8927\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-09-29T14:00:00.554187825Z","server_sent_at_ms":1790690400554},"received_at":"2026-09-29T14:00:00.608Z","source_url":"https://www.businesswire.com/news/home/20260928234970/en/"},"analysis":{"id":"144336","press_release_id":"155614","analysis_json":{"industry":{"label":"Aerospace & Defense","sector":"Industrials"},"redFlags":["Contract is undefinitized; full value contingent on continued government funding and definitive terms"],"eventType":"operations_update","narrative":"L3Harris received an undefinitized contract from Lockheed Martin valued at more than $6 billion (excluding escalations) over seven years to expand THAAD propulsion production.\n\nThe award follows a 2026 framework agreement with the Department of War to quadruple THAAD propulsion output, and builds on a recent PAC-3 MSE propulsion contract.\n\nL3Harris will build a new facility for THAAD Solid Rocket Boost Motor manufacturing and expand Liquid Divert and Attitude Control capacity; the company notes continued funding is required to reach full contract value.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"$6B THAAD propulsion win confirms L3Harris' missile-defense production ramp and wartime-footing demand tailwind."},"keyFigures":{"dealValueUsd":6000000000,"customDimensions":{"contract_type":"undefinitized","contract_duration_years":7}},"quotedText":"This contract underscores L3Harris' demonstrated ability to quickly deliver critical defense technologies at the scale and speed required by the Department of War","namedEntities":{"people":[{"name":"Ken Bedingfield","role":"President, Missile Solutions, L3Harris"},{"name":"Jessica Carlton","role":"Media contact, Missile Solutions"},{"name":"Sara Banda","role":"Corporate media contact"}],"products":["THAAD","THAAD Solid Rocket Boost Motor","Liquid Divert and Attitude Control","PAC-3 MSE"],"companies":[{"name":"L3Harris Technologies","ticker":"LHX","relationship":"filer/contract recipient"},{"name":"Lockheed Martin","relationship":"customer/prime contractor"},{"name":"Department of War","relationship":"government customer"}],"dollarAmounts":[{"amount":"$6 billion","context":"value of THAAD propulsion contract (excluding escalations) over seven years"}]},"materialImpact":{"score":4,"reasoning":"A $6 billion+ undefinitized contract from Lockheed Martin to expand THAAD propulsion production is a material, multi-year revenue win for L3Harris' missile solutions business, though it was flagged as consistent with previously announced expectations."},"tickerRelevance":{"others":[],"primary":"LHX"},"globalImportance":45,"audienceRelevance":40,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"large-cap defense prime","eventGravity":"$6B multi-year contract award","issuerAuthored":true,"alreadyTelegraphed":"consistent with prior framework agreement expectations"}},"event_type":"operations_update","event_type_secondary":null,"sentiment":"bullish","material_impact_score":4,"narrative":"L3Harris received an undefinitized contract from Lockheed Martin valued at more than $6 billion (excluding escalations) over seven years to expand THAAD propulsion production.\n\nThe award follows a 2026 framework agreement with the Department of War to quadruple THAAD propulsion output, and builds on a recent PAC-3 MSE propulsion contract.\n\nL3Harris will build a new facility for THAAD Solid Rocket Boost Motor manufacturing and expand Liquid Divert and Attitude Control capacity; the company notes continued funding is required to reach full contract value.","key_figures":{"dealValueUsd":6000000000,"customDimensions":{"contract_type":"undefinitized","contract_duration_years":7}},"named_entities":{"people":[{"name":"Ken Bedingfield","role":"President, Missile Solutions, L3Harris"},{"name":"Jessica Carlton","role":"Media contact, Missile Solutions"},{"name":"Sara Banda","role":"Corporate media contact"}],"products":["THAAD","THAAD Solid Rocket Boost Motor","Liquid Divert and Attitude Control","PAC-3 MSE"],"companies":[{"name":"L3Harris Technologies","ticker":"LHX","relationship":"filer/contract recipient"},{"name":"Lockheed Martin","relationship":"customer/prime contractor"},{"name":"Department of War","relationship":"government customer"}],"dollarAmounts":[{"amount":"$6 billion","context":"value of THAAD propulsion contract (excluding escalations) over seven years"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-29T14:00:05.840Z","global_importance":45,"audience_relevance":40,"importance_components":{"tickerTier":"large-cap defense prime","eventGravity":"$6B multi-year contract award","issuerAuthored":true,"alreadyTelegraphed":"consistent with prior framework agreement expectations"}},"durationMs":5184,"modelName":"glm-5.3-flashx"}}