Defense contractor L3Harris Technologies Inc. (LHX) is benefiting from strong U.S. and allied defense demand, which is driving increasing earnings and cash flow. The company plans to increase capital investment to meet high expanding demand, and is undergoing organizational changes, and a potential IPO of its missile business looms. S&P Global Ratings forecasts LHX's credit measures will modestly improve over the next two years, but remain consistent with our rating on the company. Therefore, we affirmed our ratings on LHX, including our'BBB/A-2'issuer credit ratings. At the same time, we assigned a ‘BBB’ issue-level rating to the company’s proposed senior unsecured notes. The stable outlook reflects our expectation that the company's credit ratios will remain commensurate for our issuer
