Artisan Partners Initiates L3Harris Position at $356 Citing Missile Defense Growth
Artisan Partners’ Q4 2025 letter revealed it initiated a new position in L3Harris, entering at close of $356.14 on February 20 following recent share price weakness. The fund highlighted multi-billion dollar opportunities in next-generation missile defense, satellite systems, low-Earth orbit tracking and counter-drone technologies to drive future revenue growth.
1. Artisan Initiates Position in L3Harris
Artisan Partners highlighted a new position in L3Harris in its fourth-quarter 2025 investor letter. The position was initiated following share price weakness at an entry price of $356.14 per share. The fund invests in companies with franchise characteristics and strong earnings prospects.
2. Stock Performance and Valuation
L3Harris closed at $356.14 on February 20, 2026, has a market capitalization of $66.617 billion, returned 0.55% over the past month and 78.20% over the past year. These metrics reflect both recent volatility and strong longer-term appreciation.
3. Defense Market Growth Drivers
The fund cited next-generation missile defense and national security programs requiring advanced propulsion, satellite systems and low-Earth orbit tracking as key growth drivers. It also pointed to sensing and counter-drone technologies as critical evolving defense needs.
4. Outlook and Entry Opportunity
Artisan Partners described its investment as opportunistic, taking advantage of recent share price weakness to gain exposure. The firm projects that expanding defense budgets and technological innovation could support faster revenue growth for L3Harris over coming years.