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L3Harris Technologies (LHX) has secured a $6 billion contract from Lockheed Martin to significantly expand propulsion production for the THAAD missile defense system over seven years. This agreement, which includes building a new manufacturing facility, positions L3Harris to meet rising defense demands and reinforces its revenue stream. The company also offers an attractive dividend yield of 2.07% and is considered modestly undervalued, making it a compelling option for dividend investors despite some insider selling.