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L3Harris Wins $4.7B PAC-3 Propulsion Contract

September 9, 2026

2 min read

Key Takeaways

L3Harris wins $4.7 billion PAC-3 propulsion contract.
Contract covers production of PAC-3 MSE interceptor components.
L3Harris increases manufacturing capacity to support higher volumes.
Deal may strengthen long-term revenue visibility.

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Strategic Implications

This contract award may indicate growing demand for missile-defense capabilities, which could benefit L3Harris and other defense contractors. The deal suggests a shift in the company's production footprint, which may lead to increased revenue and growth opportunities.

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What Happened

Major Defense Deal Boosts Missile Business Growth Prospects

L3Harris Technologies has secured a $4.7 billion contract from Lockheed Martin to produce propulsion systems for the PAC-3 Missile Segment Enhancement interceptor. The seven-year contract is the company’s largest PAC-3 propulsion award to date and provides visibility into production activity. L3Harris is increasing its manufacturing capacity to support higher PAC-3 MSE volumes, with two new facilities expected to become operational in 2027. The contract adds to the momentum in L3Harris’ Missile Solutions business, which saw 14% year-over-year revenue growth in the second quarter. This development was first reported by The Globe and Mail.

Source | Originally Published: September 8, 2026

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