Stock Analysis | L3Harris Outlook
Market Snapshot
L3Harris (LHX) is currently trading with a recent price rise of 2.10%, but internal diagnostic scores on the technical side are weak at 3.16, suggesting it’s best to avoid for now.
News Highlights
- Northrop Grumman invests $50 million in Firefly Aerospace: This move signals strong momentum in the aerospace sector and could indirectly affect L3Harris, which operates in a similar space. The investment focuses on medium launch vehicle development, a growing area of interest for defense and space firms.
- Embraer opens Indian subsidiary: As global aerospace giants expand their footprint, this development could increase competition but also shows confidence in the long-term growth of the sector, which L3Harris is part of.
- Danish…
