L3Harris gains after senator touts ties to “Golden Dome” project
Electronic weaponry and satellite company L3Harris Technologies is bucking the overall downdraft in the stock market on Wednesday after Indiana Senator Jim Banks said the company would work on the $175 billion “Golden Dome” missile defense system formally announced by President Trump on Tuesday. The system would be operational before his term ends in 2029, Trump said.
Palantir, as well as Tesla CEO Elon Musk’s SpaceX, have also been touted as potential winners from a government effort to build out this system.
Analyst Louie DiPalma of brokerage William Blair said back in April that Palantir’s Warp Corp platform is already being used by government agencies like Norad to monitor and mitigate US aerospace threats.
Palantir, as well as Tesla CEO Elon Musk’s SpaceX, have also been touted as potential winners from a government effort to build out this system.
Analyst Louie DiPalma of brokerage William Blair said back in April that Palantir’s Warp Corp platform is already being used by government agencies like Norad to monitor and mitigate US aerospace threats.
