VSAT - L3Harris Technologies: Defensive Qualities Have To Come Through
2024-04-18 16:11:34 ET
Summary
- L3Harris Technologies, Inc. has experienced rapid growth through M&A deals, becoming a major U.S. defense contractor.
- The company's stock is currently undervalued, with manageable leverage and potential for growth.
- Despite solid order intake and geopolitical unrest, L3Harris Technologies' lack of organic growth in 2024 is a concern for investors.
In December of last year, I believed that shares of L3Harris Technologies, Inc. ( LHX ) looked solid heading into 2024. Through a myriad of M&A deals, L3Harris over time has become a major U.S. defense contractor....
L3Harris Technologies: Defensive Qualities Have To Come Through