L3Harris Technologies Inc

LHX: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$259.00	Smwgf	Pkvjtmv

L3Harris Earnings: Putting Pieces Together Toward Double-Digit Margins; Valuation up 1% to $230

Nicolas Owens

Oct 29, 2023

With L3Harris' third-quarter results in hand, we have raised our fair value estimate for the narrow-moat defense contractor by just over 1% to $230 to account for the time value of money. Year to date, the company reported steady growth across its segments, with segment operating margins over 14%, which bodes well for future quarters if the company can fulfill its multiple post-merger plans to increase margins further.

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