10 Best Aerospace and Defense Stocks to Buy According to Billionaires

8. L3Harris Technologies, Inc. (NYSE:LHX)

Number of Billionaire Investors: 18

L3Harris Technologies, Inc. (NYSE:LHX) is among the 10 Best Aerospace and Defense Stocks to Buy According to Billionaires. As of the close of business on March 20, the stock is a Strong Buy with an average share price upside potential of 12.40%.

Recent updates include a February 27 update from JP Morgan analyst Seth Seifman, who reiterated an Overweight rating on the stock with a price target of $410, according to a report on TipRanks.

This followed Baird’s adjustment a day earlier when the firm lifted its price target on L3Harris Technologies, Inc. (NYSE:LHX) to $420 from $385, while maintaining an Outperform rating. The firm said it had revised its stock model after the defense contractor shared 2028 targets during a recent investor day that exceeded Wall Street’s expectations.

The stock has already returned nearly 16% this year and is gaining traction among investors as the Middle East conflict intensifies, with experts widely noting the company’s missiles and missile protection systems playing a key role in the ongoing Iran-US-Israeli war.

L3Harris Technologies, Inc. (NYSE:LHX) provides advanced national security solutions in the air, land, space, sea, and cyber domains. It operates through four segments: Communication Systems, Integrated Mission Systems, Space & Airborne Systems, and Aerojet Rocketdyne.