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L3Harris Technologies (LHX) Lands its Biggest Ever Full-Rate Production Contract For Submarine Communication Systems

L3Harris Technologies, Inc. (NYSE:LHX) is one of the Best Aerospace and Defense Stocks to Invest In Right Now. On February 18, L3Harris Technologies, Inc. (NYSE:LHX) announced landing its biggest ever full-rate production contract for submarine communication systems.

​As part of this contract, the company will supply 26 shipsets to General Dynamics Electric Boat. These shipsets will go to Virginia and Columbia-class submarines. Moreover, the follow-on contacts include continued production for both classes till 2033, with options to extend to more Columbia-class boats and even allied navies abroad.

​Nino DiCosmo, President, Maritime, Space and Mission Systems, L3Harris, noted:

“The ability for submarines to operate undetected is vital to the U.S. Navy’s strategic advantage.”

Earlier, on February 16, L3Harris Technologies, Inc. (NYSE:LHX) secured a new contract from the Missile Defense Agency worth around $400 million. The contract entails producing additional solid rocket boost motors and Liquid Divert and Attitude Control Systems.

L3Harris Technologies, Inc. (NYSE:LHX) is a major supplier for MDA’s Terminal High Altitude Area Defense, which is a short to medium-range ballistic missile interceptor with the ability to protect from inside and outside the Earth’s atmosphere.

​The Solid Rocket Boost motors are critical to power the initial launch and boost phase of the THAAD interceptor missile. On the other hand, Liquid Divert and Attitude Control Systems steer the missile’s “kill vehicle” precisely during the final intercept stages, ensuring it hits the target.

​Moreover, THAAD has shown a 100% success rate in intercept tests and is paramount for national security. The contract increases L3Harris Technologies’ pace & Airborne Systems segment backlog, which stood at more than $38.7 billion in 2025.

​L3Harris Technologies, Inc. (NYSE:LHX) provides end-to-end technology solutions that connect the air, land, space, sea, and cyber domains for national security.

While we acknowledge the potential of LHX to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than LHX and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.

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When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

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It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

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