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Brendan McDermid - 1 restocking - 1 Christopher Kubasik - 1 Mehr Bedi - 1 Krishna Chandra - 1
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New York Stock Exchange - 1 REUTERS - 1 Defense - 1 L3Harris Technologies - 1 Aerojet - 1 Revenue - 1 Thomson - 1

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☆ L3Harris Technologies beats results estimates on robust weapons demand
  + stars: | 2023-10-26 | by ( ) www.reuters.com   time to read: +1 min
The logo of L3Harris is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 1, 2019. REUTERS/Brendan McDermid/File photo Acquire Licensing RightsOct 26 (Reuters) - Defense contractor L3Harris Technologies (LHX.N) beat third-quarter earnings estimates on Thursday, on the back of rising global military budgets amid geopolitical tensions. L3Harris, which completed its deal to acquire Aerojet in July, also raised its annual forecasts for revenue and earnings to include the rocket engine maker. Demand remains robust amid a heightened threat environment, said L3Harris CEO Christopher Kubasik. Orders awarded to L3Harris amounted to $5.01 billion in the quarter through September 29.
Persons: Brendan McDermid, restocking, Christopher Kubasik, Mehr Bedi, Krishna Chandra Organizations: New York Stock Exchange, REUTERS, Defense, L3Harris Technologies, Aerojet, Revenue, Thomson Locations: New York, U.S, Ukraine, Florida, Bengaluru
☆ Here's why Cramer thinks defense stock L3Harris Technologies is a buy
  + stars: | 2022-10-13 | by ( Krystal Hur | ) www.cnbc.com   time to read: +1 min
CNBC's Jim Cramer on Thursday gave investors his blessing to buy shares of L3Harris Technologies , an aerospace and defense play. Cramer said that the stock, which he's liked since three years ago when Harris Corp and L3 Technologies merged into one firm, is also particularly attractive right now because it's fairly recession proof. They feed at the federal trough, meaning they don't have to care too much about the broader economy," he said. He added that the stock has come down dramatically since its highs in March, when Russia's invasion of Ukraine propelled the stock from $210 to just under $280. However, Cramer said that he's still bullish on L3Harris Technologies long-term, especially because of the demand that Russia's invasion of Ukraine will likely create for governments looking to replenish their arsenals after sending aid to Ukraine.
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