L3Harris' (NYSE: LHX) share price corrected more than 15% in March and April, raising doubts about its future value. While near-term headwinds, investor concerns, and market mechanics played a role, the likely outcome is that this pullback is a buying opportunity.
The recent Q1 results affirmed a robust outlook and the potential to unlock value. The company was already planning to sell about 60% of its non-core Space assets and is now tracking to spin off its missile business.
