There are several members of Congress who have bought L3Harris Technologies Inc (NYSE:LHX) stock over the past year, as reported by Benzinga Government Trades page.
The trading activity comes as recent military actions in Venezuela put defense and oil stocks in the spotlight. The defense stock that could benefit from military action, while also receiving investment from the U.S. government.
Congress Members Who Own LHX Stock
Here are the three members who have bought shares since the beginning of 2025 and not sold those shares:
- Rep. Richard McCormick (R-Ga.): Nov 5, Bought $1,000 to $15,000 in LHX stock
- Rep. Gil Cisneros (D-Calif.): May 30, Bought $1,000 to $15,000 in LHX stock
- Sen. Markwayne Mullin (R-Okla.): May 13, Bought $15,000 to $50,000 in LHX stock and Feb. 13 bought $15,000 to $50,000 in LHX stock
Cisneros is also a shareholder of stocks like Chevron Corporation (NYSE:CVX), Lockheed Martin (NYSE:LMT) and Palantir Technologies (NASDAQ:PLTR), stocks that have been flagged as potential beneficiaries from the recent actions in Venezuela.
Mullin also owns shares of Chevron stock.
Committee Assignments Could Spark Conflict of Interest
On Monday, L3Harris Technologies announced plans to spin off its missile business into a separate public company. The separated company will focus on defense platforms and missiles like the Tomahawk, Standard Missile, PAC-3 and THAAD.
The U.S. is backing the separated company, with the Defense Department investing $1 billion via convertible preferred securities. The convertible securities will convert into common stock at the company's public IPO, which is expected in the second half of 2026. L3Harris will retain a controlling interest in the separated missile business after the IPO.
The investment by the Defense Department may have been worked out for months and could have been a known item from the Trump administration, Trump allies and members of various defense congressional committees.
All three members of Congress listed above serve on various defense departments, which could draw attention to this trade. Here are the various defense committees and subcommittees that the members of Congress serve on:
- McCormick: House Armed Services Committee, Tactical Air and Land Forces Subcommittee, Cyber, Information Technologies and Innovation Subcommittee
- Cisneros: House Armed Services Committee, Intelligence and Special Operations Subcommittee, Military Personnel Subcommittee
- Mullin: Senate Armed Services Committee, Airland Subcommittee, Seapower Subcommittee, Emerging Threats and Capabilities Subcommittee
President Donald Trump's recent comments on raising the defense budget, along with the recent actions in Venezuela and proposed military actions elsewhere, could benefit the stock prices of defense companies. Members of Congress who own stock in defense companies may have a conflict of interest in profiting from defense spending and/or military action.
L3Harris Technologies Stock Price
L3Harris stock hit a new all-time high of $361.59 in early trading on Tuesday. Shares are up 2% to $347.59 at the time of writing. L3Harris stock is up 62.5% over the last 52 weeks.
