It hasn’t been the easiest of years for investing in tech, with megacap tech firms in particular taking a lot of hits in the broad market selloff. Longer term disruptive tech investing, meanwhile, could present an interesting opportunity in firms like L3Harris (LHX), a defense industry company that has made some notable buys in its ongoing post-merger reorganization. For investors looking for such a play, a defense industry ETF like the ARK Space Exploration & Innovation ETF (ARKX).
L3Harris recently made a deal to buy Aerojet Rocketdyne (AJRD) for $4.7 billion, a move that adds AJRD’s hypersonic and electric propulsive systems capacity to LHX’s focus on surveillance solutions, microwave weaponry, and electronic warfare as well as its space & airborne systems. LHX itself is the result of a merger between L3 Technologies and Harris Corporation in 2019.
LHX may…
