5 Things to Know About L3Harris After Its Rally

L3Harris has evolved into a defense prime with strong exposure to space, cyber, and high‑value electronics. Analysts praise the business but flag roughly $10 billion of debt, recent stock strength, and capital‑allocation risks. Business quality: post‑merger scale, prime‑contractor positioning, analysts scored the business 8/10. Management and M&A: CEO Chris Kobasa’s deal appetite helps reshape the portfolio but raises execution risk. Financial picture: roughly $10 billion of debt vs about $1 billion cash, operating cash flow near $3 billion TTM, and a large backlog of about $35 billion. Valuation and returns: recent rally tempers near‑term upside; analysts project mid‑single to low‑double digit annual returns. What to watch: missile‑business deal execution, pace of debt reduction, capital allocation (buybacks/dividends vs reinvestment), and wins in space and cyber. ------------------------------------------------------------------------ This video is brought to you by The Motley Fool. Visit https://fool.com/Invest to get access to this special offer. The Motley Fool Stock Advisor returns are 930% as of 3/16/2026 and measured against the S&P 500 returns of 187% as of 3/16/2026. Past performance is not an indicator of future results. All investing involves a risk of loss. Individual investment results may vary, not all Motley Fool Stock Advisor picks have performed as well. ------------------------------------------------------------------------