L3Harris Technologies, Inc. (LHX) receives higher price target from Bernstein following strong Q4 results and increased backlog. The firm raised its price recommendation to $405 from $398 and maintained an Outperform rating on the shares.

L3Harris secures U.S. Navy contract to develop Red Wolf vehicles for Marine Corps. Red Wolf is a long-range missile designed for precision strikes on moving targets over 200 nautical miles. CEO Christopher Kubasik highlights the affordability and effectiveness of the Red Wolf system.

Red Wolf missile system introduced by L3Harris as a lower-cost strike option for the U.S. military. Designed to enhance deterrence posture towards China in the Pacific. L3Harris provides technology solutions across various domains including space, air, land, sea, and cyber in support of national security.

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Read more at Yahoo Finance: L3Harris Technologies, Inc. (LHX) Backlog Growth Drives Higher Price View at Bernstein