L3Harris Adds to String of Record Backlogs Among Defense Contractors
Dow Jones10-29 22:10
1010 ET - L3Harris received $19.3 billion in orders in 3Q, putting its backlog at a record $53.2 billion. That makes it the latest in a string of big defense contractors reporting fresh backlog records as government orders for missiles and other technologies ramp up. Last week, Lockheed Martin said its backlog hit a new high of $291.98 billion, while RTX and Northrop Grumman similarly reported records of about $340 billion and $109.6 billion, respectively.
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