LHX
L3Harris Technologies Inc
NYSE: LHX · INDUSTRIALS · AEROSPACE & DEFENSE
$307.62
-1.52% today
Updated 2026-06-03
Market cap
$57.40B
P/E ratio
33.45
P/S ratio
4.47x
EPS (TTM)
$9.21
Dividend yield
0.93%
52W range
$235 – $378
Volume
1.3M
L3Harris Technologies Inc (LHX) Financial Forecast & Price Target 2030
Research-backed projections from analyst consensus, management guidance, and sector analysis.
Research-backed LHX price target 2030 projection accounting for share dilution, balance sheet debt, and time value of money.
Current price
$307.62
Today
Analyst consensus
$381.95
+24.16% · 12M
2030 Base
$277.51
-9.79% future
NPV today
$189.72
@ 9% WACC
21 analysts:
13 Buy4 Hold0 Sell
Management guidance
L3Harris CEO provided full-year 2026 EPS guidance of $11.75 (raised from prior estimate), implying ~$23.8B revenue for 2026. Company announced $40B+ backlog (near-doubled), $1B Department of War investment in Missile Solutions, confidential S-1 filing for Missile Solutions IPO spin, and $1.3B solid rocket motor expansion in Virginia. Management emphasized strong defense demand across Space, Communications, and Integrated Mission Systems segments with multi-year customer commitments.
Sources: Management guidance, analyst consensus, sector analysishigh confidence
LHX · L3Harris Technologies Inc · Revenue & price projection · 2023–2030E
Actual / 2030 target Projected revenue Base case price Bull to bear range
Bear case (2030)
$277.51
NPV today: $189.72
Base case (2030)
$277.51
NPV today: $189.72
Bull case (2030)
$720.55
NPV today: $492.59
WallStSmart.com
LHX financial forecast · Research-backed projections
| Metric | 2025 | 2026 (E) | 2027 (E) | 2028 (E) | 2029 (E) | 2030 (E) ★ |
|---|---|---|---|---|---|---|
| Revenue | $21.9B | $24.2B | $28.1B | $32.8B | $37.6B | $42.1B |
| Revenue growth | 2.5% | 10.6% | 16.2% | 16.7% | 14.6% | 12.0% |
| Net margin | — | 9.1% | 9.7% | 9.9% | 10.1% | 10.2% |
| EPS | $10.51 | $11.75 | $14.50 | $17.20 | $20.10 | $22.50 |
| Diluted shares | — | 187M | 188M | 189M | 189M | 190M |
| Net debt | — | $-1.56B | $-3.38B | $-5.49B | $-7.92B | $-10.64B |
| P/S multiple | — | 1.0x | 1.0x | 1.0x | 1.0x | 1.0x |
| Implied price (base) | — | $137.60 | $167.45 | $202.91 | $240.25 | $277.51 |
★ 2030E is the model's terminal target year. Implied price = (Revenue × P/S − Net debt) ÷ Diluted shares.
Scenario detail · Three drivers, three outcomes
| 2030E driver | Bear | Base | Bull |
|---|---|---|---|
| Revenue | $42.1B | $42.1B | $42.1B |
| P/S multiple | 1.0x | 1.0x | 3.0x |
| Diluted shares | 190M | 190M | 190M |
| Net debt | $-10.64B | $-10.64B | $-10.64B |
| Implied P/E † | 12x | 12x | 32x |
| 2030 Price | $277.51 | $277.51 | $720.55 |
| NPV @ 9% | $189.72 | $189.72 | $492.59 |
† Implied P/E: Multiples remain elevated across all three scenarios because LHX is valued primarily on revenue scale during its growth phase, not near-term earnings power. Lower P/E in the bear case reflects multiple compression, but the absolute level stays high since 2030E still represents a hypergrowth-to-mature transition year.
EV to per-share bridge · How we get to $277.51 base case
LHX catalysts and risks
Growth catalysts
+ Missile Solutions IPO/spin-off unlock value and accelerate missile production capacity ramp (2026-2027)
+ Nova night-vision production orders from U.S. Army BiNOD program ($466M contract awarded, production orders expected summer 2026+)
+ $40B+ backlog conversion and multi-year DoD budget commitments through 2030 (geopolitical tensions, Iran conflict, China threat spending)
+ Space Propulsion & Power Systems majority stake sale ($1B partnership) demonstrates monetization capability and reduces capex
+ $1.3B solid rocket motor expansion in Orange County, Virginia reflects confidence in sustained demand
+ AI/autonomous systems expansion in defense (RF sensing, counter-UAS, surveillance) entering high-growth TAM
+ International defense contract wins (Canada C$1.5B, Israel, NATO)
+ Generational increase in U.S. defense spending ($1.5T+ Trump request) disproportionately benefiting tier-1 primes like LHX
Key risks
- Geopolitical de-escalation (Iran truce, China tensions ease) would reduce emergency defense appropriations
- Missile Solutions IPO timing and execution risk—if market conditions deteriorate, spin may be delayed or dilutive
- Supply chain constraints in solid rocket motors and rare-earth materials could constrain revenue realization
- Integration and execution risk on $40B backlog conversion (operational capacity, staffing, supplier readiness)
- Margin pressure if competition intensifies or customer mix shifts toward lower-margin programs
- Regulatory/export control delays on international programs
Methodology · L3Harris Technologies Inc 2030 stock forecast model
L3Harris Technologies Inc 2030 price target is calculated using WallStSmart's research model. Revenue projections are derived from analyst consensus across 21 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts. The model is built on five core components:
| 1. Share dilution | Projected from per-ticker schedule of SBC + equity raise activity, compounding year by year (2% cumulative for LHX by 2030) |
| 2. Net debt | EV minus net debt yields equity value; debt projected from capex cycle trajectory ($-10.64B by 2030) |
| 3. Time value | NPV calculated using 9% WACC (CAPM: beta 0.746) |
| 4. Multiple framework | P/S compresses with scale: bear 1.0x / base 1.0x / bull 3.0x |
| 5. Scenario design | Bull/Base/Bear vary revenue, margin, shares, debt, and multiple independently |
WallStSmart research model · Not financial advice · Past performance is not indicative of future results · Last researched: May 21, 2026.
LHX price target FAQ
What is the LHX price target for 2030?
WallStSmart's L3Harris Technologies Inc 2030 base case is $277.51 per share, with a bull case of $720.55 and bear case of $277.51. The NPV of the base case discounted to today at 9% WACC is $189.72.
How is the L3Harris Technologies Inc 2030 stock forecast calculated?
The LHX 2030 projection multiplies projected revenue by a growth-adjusted P/S multiple to derive enterprise value, subtracts projected net debt to get equity value, then divides by diluted shares outstanding accounting for dilution from stock-based compensation and equity raises.
Why does the LHX price target account for dilution?
L3Harris Technologies Inc is projected to grow diluted share count from 186M to 190M by 2030 (a 2% increase) through stock-based compensation and capital raises. Ignoring this would inflate the price target by approximately 2%.
What is the analyst consensus on LHX stock?
21 analysts cover LHX with an average 12-month price target of $381.95. The 2030 projection extends this framework with longer-horizon assumptions including dilution and time value of money.