L3Harris plans approximately $3 billion missile production expansion
Image: Primary L3Harris plans to invest approximately $3 billion in missile production capacity after receiving approximately $11 billion in PAC-3 and THAAD contract awards, management said during its third-quarter earnings call. Roughly 25% of the investment targets supply-chain capacity, including additional suppliers and equipment modernization.
The company expects PAC-3 solid rocket motor deliveries to double again in 2027 and targets THAAD motor deliveries at triple the 2026 level. Management reduced its 2028 free cash flow outlook to $3 billion from $3.5 billion, citing retirement contributions, lower anticipated margins and accelerated missile investments.
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