L3Harris Technologies Inc

LHX: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$195.00	Bcjwz	Tsydhnx

L3Harris Earnings: On the Way to a Franchise of Defense Franchises; Fair Value Estimate Up 2%

Nicolas Owens

Apr 26, 2024

After reviewing L3Harris Technologies' first-quarter 2024 results on April 26, we have increased our fair value estimate for the narrow-moat defense contractor to $234 from $230, essentially for the time value of money. First-quarter revenue and profits came in close enough to our forecast that we did not alter our assumptions.

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