L3Harris expands VAMPIRE system to counter drone threats

MELBOURNE, Fla. - L3Harris Technologies (NYSE:LHX), a prominent $57.39 billion aerospace and defense player trading near its 52-week high, has expanded its VAMPIRE system with specialized variants for land, maritime, air and electronic warfare operations, responding to growing demand for counter-drone capabilities from the U.S. Department of War and allied partners. According to InvestingPro data, the company’s stock has surged 48% year-to-date, reflecting strong market confidence in its defense technology solutions.

The VAMPIRE (Vehicle-Agnostic Modular Palletized ISR Rocket Equipment) system provides reconnaissance and precision strike capabilities against unmanned aircraft. According to the company, the platform has been supporting European combat operations since 2023, with users successfully neutralizing hundreds of enemy drones. With a robust financial health score rated as "GOOD" by InvestingPro, L3Harris continues to demonstrate strong execution in its defense programs.

"Compared to traditional missile systems, VAMPIRE greatly reduces the cost per effect to defend against drone attacks," said Jon Rambeau, President of Integrated Mission Systems at L3Harris.

The expanded system now incorporates additional sensor capabilities, precision weapons, electronic jammers and non-kinetic effects for cross-domain use. L3Harris stated the system utilizes artificial intelligence and machine learning to detect, engage and defeat small unmanned threats more efficiently.

VAMPIRE is part of L3Harris’s broader Counter-Unmanned Systems initiative, which leverages the company’s experience across multiple domains to develop solutions against unmanned threats.

The information in this article is based on a press release statement from L3Harris Technologies. For comprehensive analysis including 14+ additional ProTips and detailed financial metrics, explore the full L3Harris research report on InvestingPro.

In other recent news, L3Harris Technologies has been awarded significant contracts and achieved notable milestones. The company secured a substantial contract worth up to $939.6 million from the U.S. Navy for the development and production of Multifunctional Information Distribution System radio systems. Additionally, L3Harris received a $24 million contract from the U.S. Army to supply software-defined data devices, including the AN/PRC-158C NGC2 Gateway Manpack, to the 4th Infantry Division.

Furthermore, L3Harris has obtained two defense contracts totaling $57.4 million for military technology systems and support services, with a notable $36.8 million modification awarded by the U.S. Department of War. The company also made history by launching the Navigation Technology Satellite-3, the Department of Defense’s first experimental navigation satellite in nearly 50 years. These developments highlight L3Harris Technologies’ ongoing contributions to defense and aerospace sectors.

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