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Posted by
Two Blokes Apr 29 -
Filed in
Stock
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L3Harris Technologies, a major defense contractor, has a strong order backlog of $34 billion and expects a revenue boost from expanding space and aviation programs. The company's flexible business model and strategic acquisitions, like Aerojet Rocketdyne, position it well in niche markets such as tactical communications and electronic warfare. Despite high competition and dependence on the US defense budget, L3Harris shows strong financials, with a 2024 net income of $1.502 billion and a 7% net margin.
