L3Harris stock slips despite Navy Red Wolf win — what to watch in space and defense shares this week
New York, February 1, 2026, 13:01 EST — Market closed Shares of L3Harris Technologies slipped 3.7% Friday, closing at $342.85. The defense contractor had just announced a new U.S. Navy contract for a long-range precision-strike weapon. U.S. markets remain closed Sunday and will reopen Monday. The context is crucial for a sector dependent on “rearm and refill” budgets—missile defense, electronic…