NEW YORK, Nov 8 (Reuters) - Though defense stocks have fallen out of favor, L-3 Communications Holdings could prosper due to its businesses serving a growing demand for unmanned aircraft and other technology used in so-called asymmetrical warfare, Barron's said on Sunday.
L-3's shares are attractive at $76, or 9.5 times estimated 2010 earnings, a multiple representing a 30 percent discount to its rivals.
The company is on track to earn $7.51 a share this year, with profit expected to climb over the next two years driven by higher sales and wider profit margins, Barron's said in its Nov. 9 issue.

(Reporting by Joseph A. Giannone, editing by Maureen Bavdek) Keywords: L3COMMUNICATIONS/ (joseph.giannone@thomsonreuters.com; +1 646 223 6184; Reuters Messaging: joseph.giannone.reuters.com@reuters.net )

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