11:29 AM EDT, 10/31/2025 (MT Newswires) -- L3Harris Technologies' ( LHX ) Integrated Mission Systems, Aerojet Rocketdyne, and Communications businesses are "trending ahead" of RBC's expectations, even as the company is now guiding to more than $23 billion in 2026 sales, RBC Capital Markets said in a Friday research note.

RBC said it has increased its Aerojet Rocketdyne segment growth estimate to 11% for both 2026 and 2027, with the company calling out "faster growth" in its missiles portfolio with new capacity at its Orange County, Virginia and Camden, Arkansas facilities.

L3Harris Technologies' ( LHX ) growth in backlog is "encouraging," which could provide upside to the 16% margin target in 2026, RBC said, adding that the company is "well-positioned" for contracts via the Space Development Agency and the Golden Dome missile defense initiative.

The firm maintained its sector perform rating with a $315 price target.

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