The Company is a provider of microwave technologies for use in command and control systems, flight instrumentation, weapons sensors and electronic warfare system.
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Military, homeland security and medical markets. New technologies and applications for their microwave systems, including 3D viewing useful for finding bombs in luggage, people in collapsed buildings or avalanches... a good company in a great place.
The industry has gotten cheap, but HRLY hasn't. Big PE but low growth prospects. Fairer value might be nearer 1/4 to 1/3 the current price ($12).
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