L3Harris Technologies, Inc. LHX recently secured a 10-year contract from the U.S. Air Force involving the upgradation of Boeing’s (BA) B-52 Aircraft. As part of the deal, L3Harris will modernize and enhance the B-52 aircraft with a proven electronic warfare system that can protect the aircrew from enemy radar threats.Details of the DealValued at more than $947 million, the contract entails L3Harris to modernize the AN/ALQ-172 electronic warfare (EW) self-protection system deployed in B-52 jets with enhanced integrated radio frequency system. This would enable military aircrew to simultaneously counter multiple electronic spectrum threats that interfere with aircraft operations. The contract enables L3Harris to extend its services in modernizing the aircraft, which includes software sustainment to hardware upgrades.Importance of AN/ALQ-172Intense geo-political tensions globally have resulted in countries strengthening their defense system. In this context, a good electronic warfare system plays a vital role in adefense system as it highlights the ability to use the electromagnetic spectrum effectively. Countries are increasing their expenditure on improved and effective electronic warfare systems in order to defend themselves from radar threats, and ensure better security within the military services. In this context, it is imperative to mention that L3Harris’s AN/ALQ-172 EW self-protection system can simultaneously counter multiple pulse, continuous wave, pulse Doppler and monopulse threats. It is integrated with the aircraft controls and displays and defensive subsystem to provide the aircrew protection against the most sophisticated radar-directed threats. Such enhanced features made the L3Haris’s EW self-protection system anideal choice for the U.S Air Force for its B-52 bomber aircraft. The latest deal is a testament to that.Looking AheadPer Frost & Sullivan report, the U.S. Department of Defense (DoD) electronic warfare market is projected to reach $3.6 billion by 2025, indicating an increase of 13.6% from $3.17 billion in 2021. Without a doubt, this implies a strong inflow of orders for EW manufacturers like L3Harris going forward. Other defense majors that would reap the benefits of strong demand for advanced communication systems are Lockheed Martin LMT, Northrop Grumman NOCand Raytheon Technologies Corp RTX. Lockheed Martin supplies AN/ALQ-210 for the U.S. Navy and international MH-60R and the AN/ALQ-217 on the U.S. Navy’s E-2C/D aircraft, while Northrop Grumman delivers AN/APG-83 Scalable Agile Beam Radar (SABR) for the U.S. Navy’s F-16 fighter aircraft fleet that offers full-spectrum radar warning, threat identification and advanced countermeasure capabilities. Meanwhile, Raytheon’s ALR-69A(V) and ALR-69A(V) providea secure electronic shield against enemy radars.Price MovementIn the past year, shares of L3Harris have gained 33.2% compared with the industry’s growth of 9.5%.Image Source: Zacks Investment ResearchZacks RankL3Harris currently carries a Zacks #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Tech IPOs With Massive Profit Potential In the past few years, many popular platforms and like Uber and Airbnb finally made their way to the public markets. But the biggest paydays came from lesser-known names. For example, electric carmaker X Peng shot up +299.4% in just 2 months. Think of it this way… If you had put $5,000 into XPEV at its IPO in September 2020, you could have cashed out with $19,970 in November. With record amounts of cash flooding into IPOs and a record-setting stock market, this year’s lineup could be even more lucrative.See Zacks Hottest Tech IPOs Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Lockheed Martin Corporation (LMT): Free Stock Analysis Report Northrop Grumman Corporation (NOC): Free Stock Analysis Report L3Harris Technologies Inc (LHX): Free Stock Analysis Report Raytheon Technologies Corporation (RTX): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research