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L3Harris Technologies: U.S. Aerospace Heavyweight Is An Attractive Buy Post-Earnings

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L3Harris Technologies is making quick progress toward achieving $1.2 billion cost savings by the end of 2025. Read why I rate LHX stock a Buy now.
L3Harris Technologies, a major player in the U.S. aerospace and defense sector, reported a strong Q3 performance with revenues of $4.9 billion, up 16% year-over-year, and adjusted EPS of $3.19, surpassing expectations. The company's growth was driven by robust demand in its Space and Airborne Systems and Communication Systems segments, with significant contributions from the Aerojet Rocketdyne acquisition. Despite a slight miss in the Integrated Mission Systems segment, L3Harris raised its full-year guidance, reflecting confidence in continued growth. The stock is considered an attractive buy due to its solid fundamentals, strategic acquisitions, and a favorable outlook in the defense industry, supported by increasing global security concerns.

Read the Full Seeking Alpha Article at:
[ https://seekingalpha.com/article/4785183-l3harris-technologies-us-aerospace-heavyweight-attractive-buy-post-earnings ]