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L-3 Communications Holdings, Inc. (NYSE: ) shares jumped marginally after CNBC's Jim Cramer recommended the stock on his Mad Money Lightning Round. The hedge fund manager turned television star believes that McCain's resurgance in the polls has helped defense stocks, but believes L3 would appease both democrats and republicans because it involves homeland security. As a result, Cramer recommended the stock at these levels.

L-3 Communications recently raised its FY2008 guidance after posting higher profits in its most recent quarter. The firm raised fiscal 2008 guidance and expects sales guidance to at least $14.7 billion, up from $14.5 to $14.7 billion and expects earnings per share excluding the second quarter of 2008 net gain of $0.57 per share, is $6.71 to $6.75. Analysts were expecting the Company to report revenues of $14.8 billon and EPS of $6.78 for fiscal 2008.

L-3 Communications is a prime system contractor in aircraft modernization and maintenance, commend, control, communications, intelligence, surveillance, and reconnaissance systems, and government services. L-3 also provides technology products, subsystems and systems. Ihe firm's customers include the United States Department of Defense and its prime contractors, United States Government intelligence agencies, the United States Department of Homeland Security, and others.

Shares of L-3 Communications rose $0.90, or 0.88%, to $103.00 per share.

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