Marotta Controls on Wednesday said that it has secured a contract from L3Harris Technologies (LHX) to design, develop, and deliver flight actuator hardware for an advanced thrust vector control system supporting a medium-range ballistic missile target program for the Missile Defense Agency.
With this deal, Marotta expands its defense portfolio beyond aerospace valve solutions and enters the TVC market for the first time. According to Marotta, the partnership creates new prospects in propulsion and missile technologies and fortifies its position in cutting-edge defense systems.
LHX is currently trading at $301.38, down $0.30 or 0.10 percent on the New York Stock Exchange.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.