L3Harris Technologies: Strategic Focus On Defense Technology; Initiate With 'Buy'
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L3Harris Technologies is focusing on becoming a pure defense technology company through strategic acquisitions and partnerships. The company aims for $1 billion in cost savings and has shown 5% organic growth in revenue and adjusted EPS, with a strong future outlook.
December 06, 2024 | 5:15 am
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L3Harris Technologies is focusing on defense technology with strategic acquisitions and partnerships, aiming for significant cost savings and strong growth.
L3Harris Technologies is making strategic moves to focus on defense technology, including acquisitions of Aerojet Rocketdyne and Viasat's Tactical Data Links. The company is targeting $1 billion in cost savings and has shown positive financial growth, making it an attractive investment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100