HRS - Harris Promises Suitable Growth
Harris Corporation (HRS) provides solutions related to air traffic management, tactical communications, avionics and electronic warfare, geospatial systems and services, and space and intelligence. Headquartered in the US, its products/services are broadly categorized into 3 business segments namely communication systems, space and intelligence systems, and electronic systems (Figure-1). The company's growth is predominantly based on providing innovative technological solutions in the above-mentioned business segments.
Figure-1 (Source: Company Website)
Thesis
In this article, I have evaluated the technical picture of HRS that indicates the stock is slightly risky at current prices.