Defense contractor L3Harris Technologies Inc. (LHX) is improving its credit measures by repaying debt related to past acquisitions and increasing its cash flow. We forecast the company's credit measures will reach levels consistent with the current rating this year and further improve in 2025 as it benefits from robust U.S. and allied defense spending and efficiency gains. Therefore, we affirmed our ratings on LHX, including our 'BBB/A-2' issuer credit ratings. The stable outlook reflects our expectation that the company's credit ratios will conform to our expected levels for the current rating by the end of this year as it continues to repay debt and improves its cash flow. We also assume the company will continue to generate revenue growth from
