Stock Pulse
L3Harris Technologies (LHX) received a double upgrade from Goldman Sachs due to its adaptability to Department of Defense changes, positioning it well for increased defense spending [2]. The company secured significant contracts, including a €1 billion deal with the Dutch Ministry of Defense for Falcon IV radios and a $263 million US Army contract for Enhanced Night Vision Goggle systems [6], [8]. LHX also delivered the first missionized OA-1K Skyraider II aircraft to the Air Force [6], [9], [10]. While institutional investors hold a substantial 88% stake in LHX [1], projected declines in earnings per share and recent lowered EPS estimates temper the positive news [4]. Although LHX's stock saw a recent jump due to anticipated defense spending increases, its three-year total shareholder return lags behind the market [4], [7].