L3Harris shares are enjoying tailwinds today
President Donald Trump today revealed plans to build what he calls a "Golden Dome" around the United States to protect it from missile attacks. The project involves setting satellites into orbit above the Earth that can sense and destroy missiles, which will cost roughly $175 billion. Trump also noted he hopes the project will be complete before his term ends.
The announcement is drawing attention to the defense sector, with shares of L3Harris Technologies Inc (NYSE:LHX) enjoying tailwinds. Last seen up 0.9% at $232.99, the equity is trading at its highest level since early December, as it consolidates above the $200 level. The stock is also on track for its fifth gain over the last six sessions, and sports a 20.4% three-month lead.
Lockheed Martin Corp (NYSE:LMT) shares are down 0.7% to trade at $472.33 at last check, reversing earlier gains amid broader market weakness. The stock is once again running into pressure at $480, after failing to consolidate above this level in March and April. Though it is on track to snap its four-day win streak, LMT added 9% over the last three months.
RTX Corp (NYSE:RTX) stock is also lower, last seen off 0.8% to trade at $136.13, but earlier surged to a record peak of $138.82. The security is looking to extend its 29.2% year-over-year lead and already added more than 17% in 2025, with support from the 20-day moving average.