L3Harris Technologies, Inc. (LHX) Backlog Growth Drives Higher Price View at Bernstein

L3Harris Technologies, Inc. (NYSE:LHX) is included among 12 Unstoppable Dividend Stocks to Buy According to Analysts.

On February 6, Bernstein raised its price recommendation on L3Harris Technologies, Inc. (NYSE:LHX) to $405 from $398. It maintained an Outperform rating on the shares. The firm pointed to the company’s Q4 results, reported on January 29, which came in ahead of consensus EPS and showed a sizable increase in backlog. In line with management guidance, Bernstein slightly lowered its 2026 EPS estimate to reflect a higher share count. At the same time, the firm lifted its longer-term earnings outlook.

On January 30, L3Harris announced it had secured a U.S. Navy contract to develop Red Wolf vehicles for the Marine Corps’ precision-strike program. The Red Wolf is a long-range missile designed to hit moving targets, including ships, at distances beyond 200 nautical miles. CEO Christopher Kubasik commented on the program, saying:

“Our proven Red Wolf system can bring affordable mass to the Marines’ arsenal of advanced munitions within the timeline U.S. officials have outlined to support the most lethal fighting force in the world.”

The company first introduced Red Wolf last July alongside Green Wolf, another long-range missile. Both systems were positioned as lower-cost strike options as the US military works to rebuild weapon stockpiles and reinforce its deterrence posture toward China in the Pacific.

L3Harris Technologies, Inc. (NYSE:LHX) provides technology solutions across space, air, land, sea, and cyber domains in support of national security. Its operations span Space & Airborne Systems, Integrated Mission Systems, Communication Systems, and Aerojet Rocketdyne.

READ NEXT: 15 Best Wide Moat Dividend Stocks to Invest in and 13 Best Long Term Low Risk Stocks to Buy Now

Disclosure: None.