L3harris Technologies (LHX) has disclosed a new risk, in the Taxation & Government Incentives category.
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L3Harris Technologies faces significant exposure to shifts in U.S. Government budget priorities, as its programs must continually compete for limited, annually appropriated funds that are often only partially committed at inception. Prolonged uncertainty from the appropriations process, procurement reforms, continuing resolutions, or government shutdowns could lead to funding reductions, contract changes or terminations, and increased difficulty in forecasting revenue and resource requirements, materially pressuring its business and financial performance.
The average LHX stock price target is $381.23, implying 12.16% upside potential.
To learn more about L3harris Technologies’ risk factors, click here.