L3Harris raises top end of 2024 adjusted earnings outlook amid global tensions
The Star Online - Tech·2024-04-26 08:00
(Reuters) - L3Harris lifted the upper-end of its annual adjusted profit target on Thursday, betting on sustained weapons demand and robust defense spending amid escalating global security concerns.
U.S. defense companies are experiencing a surge in contracts as the Russia-Ukraine war, the Middle East crisis and the specter of Chinese aggression are driving demand, but growth is still hindered by pandemic-related labor and supply-chain disruptions.
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