L3Harris Technologies (LHX) in our Pivotal Point Check: Pentagon Investment of $1 Billion and Planned Rocket IPO Drive Stock to Record High!
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The US Department of Defense invests $1 billion directly in L3Harris' rocket engine business. The capital injection is a preparation for an IPO of the division at the end of 2026. BofA Securities raises the price target to $400 and sees a fundamental turning point in the partnership. L3Harris Technologies, a U.S. defense contractor specializing in mission systems and aerospace technology, jumped on Tuesday, January 13, 2026, under high trading volume, continuing its recent record pursuit. The trigger for this Pivotal Point was the...
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