L3Harris Technologies Inc.
(NYSE:LHX) stock rose on Monday following the announcement of seven-year framework agreements to expand propulsion production for the THAAD and PAC-3 missile defense systems.
The stock outperformed the broader market, as the S&P 500 declined 0.30% and the industrials sector fell 0.70%.
THAAD Production Expansion Overview L3Harris signed the agreements with the Department of Defense and Lockheed Martin Corporation (NYSE:LMT).
The parties expect to finalize both contracts later this year.
