Why L3Harris stock is up today: Trump’s $1.5T budget push meets buyback crackdown
New York, January 9, 2026, 15:28 EST — Regular session L3Harris Technologies (LHX.N) shares rose 2.8% to $334.84 in afternoon trading on Friday, after touching $337.97 earlier in the session. The stock is moving on a policy one-two punch: talk of a bigger Pentagon budget, and fresh pressure on contractors to speed up deliveries. That matters now because the sector’s valuation leans on two things that Washington can change fast — future orders and how much cash comes back to shareholders. Defense contractors are seeking legal advice after President Donald Trump signed an executive order tying share buybacks — company