L3Harris Taps Mercury For Critical Satellite Hardware

L3Harris Technologies Inc. has contracted Mercury Systems Inc. to supply solid-state data recorders for the U.S. Space Development Agency's Tranche 3 Tracking Layer, as part of its initiative to build 18 infrared satellites for missile threat tracking. L3Harris shares rose 1.89% to $360.60, reflecting a strong 12-month performance with a 70% return. The company is expected to report earnings on April 30, 2026, with EPS and revenue estimates of $2.58 and $5.37 billion, respectively. Analysts maintain a Buy rating on the stock, with recent target raises from Citigroup, JP Morgan, and Morgan Stanley.