L3Harris Technologies, Inc. (LHX) Positioned to Capitalize on Expanding Defense and Missile Spending

Group 1 - L3Harris Technologies Inc. is benefiting from increased geopolitical spending in the defense and aerospace sector [1] - UBS has reiterated a Neutral rating on L3Harris with a price target of $323, highlighting a $1 billion investment from the Department of Defense in its missile solution business [1][2] - Bernstein analysts have given an Outperform rating with a price target of $398, noting the company's intention to retain a majority stake in the Missile Solutions business during its planned IPO [3] Group 2 - The $1 billion investment will enhance L3Harris's production capabilities for solid rocket motors, aligning with the anticipated increase in capital expenditure within the industry [2] - L3Harris Technologies provides advanced solutions across military, government, and commercial sectors, focusing on integrating various domains for national security and exploration [4]