L3Harris Technologies (LHX)

A fine defense electronics company exposed to cybersecurity which has enjoyed increased funding from Congress. But in America he prefers Northrop Grumman which has exposure to space and hypersonics, but no commercial exposure, though LHX has been selling down its commercial exposure. Overall, he likes LHX.

It's a merger of L3 and Harris, and this should eliminate duplication in operating costs and inventories, and should expand margins. Product lines are centered in defence electronics, especially warfare and space. They also produce airport security (just announced they will sell this division and return value to shareholders). They do lots of share buybacks and they raise dividends. (Analysts’ price target is $252.23)