11 Best Industrial Stocks to Buy Right Now

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

Year to Date Return as of June 20: 20%

Number of Hedge Fund Holders: 42

L3Harris Technologies, Inc. (NYSE:LHX) is one of the 11 best industrial stocks to buy right now. On June 17, the company announced it had secured a $487.3 million cost-plus fixed contract from the US Department of Defense.

The contact is for the modernization of enterprise terminals. The company will also offer depot and engineering support services as part of the contract. The Army Contracting Command at Aberdeen Proving Ground is to manage the five-year contract slated for completion in 2030. An area where the contract will be implemented will be determined with each order as the project progresses.

The Army and L3Harris have already partnered on a number of similar contracts. In January, the company received a $300 million buy order to supply the Army with handheld, manpack, and small form fit, or HMS, radios. The contract falls under a possible 10-year, $12.7 billion contract Harris was given in 2016.

L3Harris Technologies, Inc. (NYSE:LHX) is a global aerospace and defense technology company that provides end-to-end solutions across air, land, sea, space, and cyber domains. It specializes in complex intelligence, surveillance, reconnaissance (ISR), and electronic warfare (EW) systems.