L3Harris Stock Holds at $272.35 After Record Backlog, Missile Awards | Nov. 14

Verified and updated Nov. 14, 2026, 5:10 p.m. UTC.

L3Harris Technologies (NYSE: LHX) last closed at $272.35 on Friday, Nov. 13, up 0.19% from the prior close, according to historical market data. The latest company news for investors is a strong third-quarter report: $19.3 billion in orders lifted backlog to a record $53.2 billion, and management raised its 2026 revenue and earnings guidance. The company also highlighted major missile-propulsion awards, including a seven-year THAAD contract valued at more than $6 billion before escalations. These operating developments support the business outlook, but they do not establish what the stock will do next.

• Destaques — LHX finished Friday at $272.35, up 0.19% for the session.
• Third-quarter revenue was $6.06 billion, up 7% year over year; diluted EPS rose 33% to $3.28.
• Orders reached $19.3 billion and backlog hit $53.2 billion, with Missile Solutions reporting an 11.8x book-to-bill ratio.
• Management raised its 2026 GAAP EPS outlook to $12.25–$12.35 and its revenue range to $23.5–$23.7 billion.

What is the latest L3Harris stock update?

The latest completed session available at the time of this update was Friday, Nov. 13. LHX closed at $272.35 after trading between $268.60 and $272.98. The market was closed on Saturday, Nov. 14, so there was no regular-session U.S. stock price for that date. Investors should distinguish that closing quote from real-time or extended-hours prices, which can vary by provider and are not the same as the official regular-session close.

The closing move was modest. The more substantial change to the investment picture came from the company’s Oct. 29 earnings release and its recent contract announcements. A small daily price change alone does not show how investors have assessed those developments, and the figures should not be read as a forecast.

Which L3Harris contract is driving attention?

L3Harris disclosed a contract from Lockheed Martin valued at more than $6 billion, excluding escalations, over seven years to expand propulsion production for the Terminal High Altitude Area Defense (THAAD) system. The award is described as undefinitized, meaning the final terms and funding arrangements are not fully settled. The company said it plans a new facility for THAAD solid rocket boost motors and additional capacity for liquid divert and attitude-control production. The stated contract value is therefore not equivalent to guaranteed near-term revenue; the company itself notes that funding and other risks could affect realization of the full value.

In its third-quarter business highlights, L3Harris also reported a separate seven-year, $4.7 billion undefinitized award, excluding escalations, for propulsion production for the PAC-3 Missile Segment Enhancement interceptor. It cited a $250 million follow-on GMLRS propulsion award and more than $500 million in VAMPIRE counter-drone orders. Taken together, these announcements show demand across several missile and defense programs, while also putting the focus on execution, capacity expansion, and contract funding.

After the quarter, the company announced two additional Army command-and-control developments: $121 million in production orders for its Low-Cost Data Radio solution on Nov. 2 and a $36 million order for a Hawkeye 4 Lite satellite communications terminal on Nov. 3. The latter supports the Army’s C2NOW initiative and is intended to improve secure SATCOM interoperability with NATO partners.

What changed in L3Harris’s earnings and guidance?

For the third quarter of 2026, L3Harris reported $6.06 billion in revenue, compared with $5.66 billion a year earlier. GAAP diluted earnings per share were $3.28, versus $2.46 in the prior-year quarter. Operating cash flow was $1.4 billion and free cash flow was $1.3 billion. The company ended the quarter with $11.0 billion of total debt, $2.5 billion in cash and equivalents, and $550 million in short-term investments.

Management raised the low end of its full-year revenue outlook to $23.5 billion from $23.2 billion, keeping the high end at $23.7 billion. Its GAAP EPS range moved to $12.25–$12.35 from $11.80–$12.00. It maintained its $3.0 billion free-cash-flow guidance. These are company forecasts, not guaranteed outcomes. The unusually high quarterly book-to-bill ratio for Missile Solutions—11.8x—signals orders substantially exceeded segment revenue in the quarter, but order timing, production rates, final contract terms, and customer funding will shape when those orders translate into sales and cash.

What could LHX investors watch next?

The key question is whether L3Harris can convert its record backlog into deliveries and cash flow while building the capacity required for missile programs. The new Camden, Arkansas, solid-rocket-motor facility opened in October; the company described it as one of approximately 60 facilities being built to address rising munitions demand. Investors can track future quarterly revenue, margins, free cash flow, backlog conversion, and updates on contract definitization and funding.

Risks include schedule or production delays, cost pressures from capacity investment, changes in government priorities or appropriations, and the possibility that contracts do not reach their announced maximum values. A large backlog supports visibility, but it is not the same as booked revenue or profit. No single contract or quarter determines LHX’s share price, and past performance does not predict future returns.

Sources: L3Harris third-quarter 2026 results and guidance; L3Harris THAAD contract announcement; L3Harris $121 million Army radio orders; L3Harris $36 million Army SATCOM order; Historical LHX market data.

FAQ

What was L3Harris stock’s latest closing price?

LHX closed at $272.35 on Friday, Nov. 13, 2026, up 0.19% for the session.

How large is the THAAD propulsion contract?

L3Harris said the seven-year, undefinitized Lockheed Martin contract is valued at more than $6 billion, excluding escalations. The full value depends on final terms and funding.

Did L3Harris raise its 2026 outlook?

Yes. It raised its revenue range to $23.5–$23.7 billion and GAAP EPS range to $12.25–$12.35, while maintaining free-cash-flow guidance of $3.0 billion.