Why Shares of L3Harris Technologies Gained 47% in 2019

A new defense powerhouse was born in 2019, and the market so far has reacted enthusiastically. Shares of L3Harris Technologies (NYSE: LHX) gained 46.95% for the year, according to data provided by S&P Global Market Intelligence, as the market warmed to what had been for a long time an underappreciated defense stock .

LHX vs. S&P 500 data by YCharts

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Source Fool.com