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L3Harris THAAD Contract Adds Context To Valuation And Momentum Story
L3Harris Technologies secured a nearly $400 million contract for the THAAD missile defense system, reinforcing its role as a key supplier in the defense sector. The contract highlights demand for L3Harris’s propulsion and control systems, which could influence future revenue visibility and investors’ assessment of the company’s long-term positioning. While the stock trades near its estimated fair value and has strong recent momentum, investors should consider the company’s debt levels and how new contracts translate to cash generation.