L3Harris Technologies Inc. [NYSE: LHX] is the subject of a fresh analyst price target revision, with the average 12-month target across 16 analysts falling modestly from $383.94 to $381.81, implying approximately 24% upside from the May 14 closing price of around $308, according to Google Finance data.

The consensus rating, complied by TradingView, among the 20 analysts covering the stock remains firmly at Buy, comprising 14 Buy ratings, 6 Hold ratings, and zero Sell recommendations, reflecting broad institutional confidence in the company’s ability to execute in an environment of sustained and growing defence spending across the United States, NATO, and allied nations.

The target revision arrives as L3Harris announced a meaningful new product that could strengthen its case with both military customers and investors tracking the defence technology space.

The company unveiled Wraith Shield, a software upgrade developed jointly with DataShapes AI that allows existing AN/PRC-171 tactical radios to detect, classify, and jam FPV drones on the battlefield without any additional hardware, without extra operator training, and without adding physical burden to frontline troops.

FPV drones, which exploded into widespread battlefield use during Russia’s war in Ukraine and are now deployed across multiple active conflict zones globally, represent one of the most acute new tactical problems facing ground forces, and L3Harris positioned Wraith Shield as a direct response to that operational reality.

The system works by using radio-frequency data already collected by tactical communications equipment to identify drone signals in real time, relay that information to the operator, and then allow the soldier to jam the drone’s control link with a single button press, effectively turning a standard communications device into an electronic warfare asset.

The Wraith Shield solution is built on L3Harris’s existing Wraith wideband waveform, which was originally developed for secure tactical communications in contested electronic warfare environments, meaning the underlying radio infrastructure already exists in the field and the upgrade path to counter-drone capability is a software deployment rather than a hardware procurement cycle.

L3Harris estimates the upgrade could eventually be integrated into more than 100,000 tactical radios already in service with the US military, NATO members, and partner forces, a deployment scale that would make it one of the most widely distributed counter-drone capabilities available to Western militaries.

The broader strategic logic behind Wraith Shield reflects a shift among major Western defence companies toward scalable software-defined capabilities deployed rapidly through existing platforms, rather than procuring new purpose-built counter-drone systems that take years to field and require separate supply chains.

The product also complements L3Harris’s broader portfolio of AI-enabled defence technology, including previously disclosed software capable of coordinating swarms of thousands of drones simultaneously, positioning the company at both ends of the drone warfare dynamic as a supplier of capabilities for both drone offensive operations and drone defence.