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home / articles / LHX - Defense Contractor L3Harris Shifts Strategy: Halts M&A To Strengthen Balance Sheet And Boost Shareholder Returns | Benzinga
L3Harris Technologies Inc (NYSE: LHX) said it plans to discontinue its merger and acquisition (M&A) program for the foreseeable future.
The company attributed the move to strengthen its balance sheet and return all excess capital to shareholders.
L3Harris sees revenue of $23 billion through 2026, with 16% segment operating margins ...
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