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Harris: Time for Defense
08/20/2018 5:00 am EST
I am recommending Harris Corporation (HRS), a company that is emerging as America's leading provider of military communication equipment, asserts Jim Powell, editor of Global Changes & Opportunities Report.
Harris also produces several types of defense radar arrays, tactical air traffic management systems, drone operation systems, small satellites the military now prefers, and dozens of others.
Harris is also notable for its private spaceport that’s located at Vandenberg Air Force Base in California. It’s the only one of its kind. The facility prepares and tests commercial satellites, then has them placed into orbit – often by Elon Musk’s privately held SpaceX.
We are double-dippers with Harris stock. I first recommended the stock in the May, 2010 when it was selling for $42.32. The stock is now $164.95, a 289.8% return. With a new global arms race getting underway, I expect to see several more years of attractive gains from Harris.
History shows that unresolved geopolitical tensions usually to lead to military conflicts. America is in a wartime economy. So is China. So is Russia. So is India (they’re worried about China).
If you don’t have at least one leading US defense stock, you are missing out on one of the most profitable investment trends of our time. At the minimum, I think investors should own the iShares US Aerospace & Defense ETF (ITA). Its 10-year price chart tells its story — and points to its likely future.
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