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.