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Melbourne, Florida-based L3Harris Technologies, Inc. (LHX) is a global aerospace and defense technology innovator that delivers mission-critical solutions for government and commercial customers. Valued at a market cap of $44.7 billion, the company provides advanced technologies across the space, air, land, sea, and cyber domains.
This aerospace and defense company has underperformed the broader market over the past 52 weeks. Shares of LHX have gained 6.2% over this time frame, while the broader S&P 500 Index ($SPX) has surged 10.1%. Nonetheless, on a YTD basis, the stock is up 13.8%, outpacing SPX’s marginal loss.