This week, the Senate passed a $700 billion defense policy bill that allows the Pentagon to modernize defense infrastructure and improve military operations. All eyes are on defense industry stocks as the Republican government and its track record of defense spending holds true yet again. I thought it necessary to look at one of the stalwarts of American defense equipment and analyse what prospects await Harris Corporation (HRS) in Q4 -- and, more importantly, in 2018.
Harris Corp. specializes in the aerospace and defense sector and is well known for producing quality electronic systems, wireless equipment, tactical radios, and night vision equipment as well as antennas for commercial, government and defense industry customers. In 2016, the company was named as one the top 100 federal contractors by Defense News.
Here's a fun fact that encapsulates Harris' abilities: The satellite pictures and data that showed Hurricane Irma to us all was thanks to a Harris satellite (GEOS-16) that the National Weather Service acquired.