L3Harris (LHX) Invests $25 Million in Huntsville Facility Expansion

L3Harris Technologies (NYSE: LHX) announced a $25 million investment to expand its Huntsville, Alabama, facility on June 1, 2026, boosting production capacity for defense and space systems. The move aims to accelerate delivery on existing contracts and capture new growth in missile defense and avionics. The project will add 50,000 square feet of manufacturing and engineering space, with operations expected to begin in late 2027. L3Harris did not specify job creation targets, but said the site supports key programs for the U.S. Army and Missile Defense Agency. Huntsville, a hub for military aerospace, has seen a surge in defense contractor activity. The investment follows L3Harris’s segment operating margin of 15.4% in the first quarter, as the company continues to capitalize on elevated defense budgets.