L3Harris could rally on Golden Dome briefing, says JPMorgan

JPMorgan says that while there is still much to learn about Golden Dome following President Trump’s briefing, “there were a few nuggets.” The briefing laid out potential for a wide range of contractors to participate, but L3Harris Technologies (LHX) received more air time than others, largely for its missile warning satellite capabilities, the analyst tells investors in a research note. The firm says Golden Dome is a key priority for the administration and should see a “significant allocation of resources, at least for the next three years or so.” JPMorgan believes L3Harris could see a positive stock reaction to the briefing, with Indiana Senator Jim Banks highlighting the company’s involvement with Golden Dome.