One Of The Biggest Mergers In Defense History Created This "Must Buy" Security Play

We just hit the one-year anniversary of one of the largest mergers ever to hit the defense industry – which is coinciding with what could be one of the best buying opportunities its stock will ever give you…

There are plenty of reasons I like the stock the now – and that made me a huge fan of this deal last year.

For one, the merger created a company with more than $16 billion in yearly sales and a whopping $35 billion market cap. It cemented the firm's status as an electronics-centric defense leader, with a strong moat in a field vital to America's security.

First-quarter sales were up by a stunning 168%. Now Mordor Intelligence projects that the sector where this firm excels is going to increase 14% between now and 2024. That's on top of a current base worth $124 billion.

And because the company's focused on a field at the heart of the nation's security, military, and aerospace efforts, it's one of the best defense plays you can buy today…

A Rising Contractor

The field's known as C4ISR.

That stands for Command, Control, Computing, Communications, Intelligence, Surveillance, and Reconnaissance. And it's one of the most powerful trends in play today.

L3Harris Technologies Inc. (NYSE: LHX) has been a key player in this space for decades. From secure walkie-talkies for forward-deployed troops to satellite systems to track hypersonic weapons in space, the company has been integral in keeping troops, astronauts, and our country safe, no matter how challenging that may be.

On June 29, 2019, L3 Technologies completed its merger with Harris Corp. L3 began in 1997 by acquiring some divisions spun off after Lockheed Corp. and Martin Marietta merged in 1993 to form Lockheed Martin Corp. (NYSE: LMT).

Over the years, L3 continued to grow its defense and intelligence business, ultimately becoming one of the top 10 defense contractors.

Harris Corp. has been around in one form or another since 1895. No, that's not a typo – 1895, not 1985.

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