L3Harris Technologies, Inc. (NYSE:LHX) is looking for acquisitions. Christopher Kubasik CEO said during the Third Quarter 2023 Earnings Conference Call, "But I also want to step back on the strategic rationale for the acquisition. It hasn't quite been a year, but I know people are still asking questions.

But at L3Harris, we, as I said, are building a defense-focused, technology-focused company. We're taking a portfolio approach. We're looking to acquire businesses that are aligning with our nation's defense strategy and in growing markets.

And then we're divesting those businesses that don't necessarily align with our strategy, but are still good businesses but not part of our focus. So Aerojet Rocketdyne is growing faster than the legacy L3Harris business".