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L3Harris Technologies

OverviewSuggest Edit

L3Harris Technologies is a company providing aerospace and defense technology products, systems, and services. It designs, develops, and manufactures integrated mission systems, including intelligence, surveillance and reconnaissance (ISR), advanced electro-optical and infrared solutions, and maritime power and navigation. The company also offers space and airborne systems, including space payloads, sensors, and full-mission solutions, classified intelligence and cyber defense, avionics, and electronic warfare, as well as aviation systems, such as defense and commercial aviation products, air traffic management, and commercial and military pilot training. In addition, L3Harris provides communication systems that include tactical communications, broadband communications, night vision, and public safety. The company was formed as a result of a merger between Harris Corporation and L3 Technologies.

TypePublic
Founded1895
HQMelbourne, FL, USMap
Websitel3harris.com
Employee Ratings3.6More
View Jobs (2)

Recent NewsAll News

Latest Updates

Employees (est.) (Jan 2020)50,000
Job Openings2
Revenue (FY, 2019)$6.8 B(+11%)
Share Price (Mar 2021)$186
Cybersecurity ratingAMore

Key People/Management at L3Harris Technologies

William M. “Bill” Brown

William M. “Bill” Brown

Chairman and Chief Executive Officer
Todd Gautier

Todd Gautier

President, Aviation Systems
Rajeev Lalwani

Rajeev Lalwani

Vice President, Investor Relations
Ross Niebergall

Ross Niebergall

Vice President and Chief Technology Officer
Jesus “Jay” Malave

Jesus “Jay” Malave

Senior Vice President and Chief Financial Officer
Mike Przybylek

Mike Przybylek

Senior Director, Investor Relations
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L3Harris Technologies Office Locations

L3Harris Technologies has offices in Melbourne, Adelaide, Brisbane, Cairns and in 39 other locations
Melbourne, FL, US (HQ)
1025 W NASA Blvd
Turner, AU
level 1/97 Northbourne Ave
Ottawa, CA
255 Albert St Suite 804
New Delhi, IN
6th Floor, Le Meridian Commercial Tower, Windsor Place, Janpath
Tokyo, JP
Nakayama Bldg 3F, 1-20-3, Hongo, Bunkyo-ku
Seoul, KR
Sogong Hankook Bldg. 12th Fl., 16 Namdaemum-ro, 7-gil Jung-gu
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L3Harris Technologies Financials and Metrics

L3Harris Technologies Revenue

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L3Harris Technologies's revenue was reported to be $6.80 b in FY, 2019 which is a 10% increase from the previous period.
USD

Revenue (Q3, 2020)

4.5b

Gross profit (Q3, 2020)

1.3b

Gross profit margin (Q3, 2020), %

29.4%

Net income (Q3, 2020)

430.0m

EBIT (Q3, 2020)

494.0m

Market capitalization (2-Mar-2021)

39.1b

Closing stock price (2-Mar-2021)

186.0

Cash (2-Oct-2020)

1.3b

EV

45.4b
L3Harris Technologies's current market capitalization is $39.1 b.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

5.9b6.2b6.8b

Revenue growth, %

(21%)5%10%

Cost of goods sold

3.8b3.9b4.5b

Gross profit

2.1b2.3b2.3b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

1.4b1.5b1.6b1.5b1.7b1.7b4.6b4.4b4.5b

Cost of goods sold

898.0m999.0m1.0b1.0b1.1b1.1b3.3b3.2b3.2b

Gross profit

515.0m536.0m561.0m532.0m571.0m589.0m1.3b1.3b1.3b

Gross profit Margin, %

36%35%36%35%34%34%29%29%29%
show all
Annual
USDFY, 2017FY, 2018FY, 2019

Cash

484.0m288.0m530.0m

Accounts Receivable

623.0m735.0m457.0m

Inventories

841.0m925.0m360.0m

Current Assets

2.1b2.2b2.6b
Half Year
USDH2, 2020

Cash

824.0m

Accounts Receivable

1.2b

Inventories

1.2b

Current Assets

6.3b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

388.0m422.0m443.0m305.0m343.0m334.0m663.0m1.9b1.3b

Accounts Receivable

706.0m642.0m743.0m432.0m494.0m453.0m1.3b1.1b1.1b

Inventories

896.0m942.0m963.0m413.0m425.0m433.0m990.0m859.0m894.0m

Current Assets

2.1b2.1b2.4b2.3b2.3b2.3b7.2b6.9b6.4b
show all
Annual
USDFY, 2017FY, 2018FY, 2019

Net Income

553.0m718.0m949.0m

Depreciation and Amortization

183.0m158.0m258.0m

Inventories

28.0m(84.0m)(1.0m)

Accounts Payable

18.0m82.0m(84.0m)
Half Year
USDH2, 2020

Net Income

834.0m

Depreciation and Amortization

442.0m

Inventories

158.0m

Accounts Payable

(148.0m)
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

161.0m300.0m501.0m213.0m438.0m681.0m194.0m472.0m902.0m

Depreciation and Amortization

40.0m80.0m117.0m36.0m71.0m106.0m230.0m515.0m768.0m

Inventories

(56.0m)(102.0m)(122.0m)(3.0m)(14.0m)(22.0m)40.0m175.0m139.0m

Accounts Payable

(88.0m)(78.0m)(46.0m)(141.0m)(101.0m)(99.0m)253.0m(116.0m)(2.0m)
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USDFY, 2017

Revenue/Employee

310.5k

Debt/Equity

1.4 x

Debt/Assets

0.4 x

Financial Leverage

3.4 x
Show all financial metrics

L3Harris Technologies Operating Metrics

L3Harris Technologies's Backlog was reported to be $20.8b in Q3, 2021.
FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2021

Order Volume (Tactical Communications)

$1.24 b$681 m$353 m$332 m$1.76 b$502 m$448 m$289 m$1.73 b

Backlog Funded (Tactical Communications)

$494 m$879 m$884 m$880 m$924 m$1.09 b$1.15 b$1.03 b$1.08 b

Backlog

$7.90 b$8 b$8.50 b$8.30 b$20.40 b$19.80 b$20.80 b

Backlog Funded

$4.20 b$5.20 b$5.80 b
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L3Harris Technologies Acquisitions / Subsidiaries

Company NameDateDeal Size
L-3 CommunicationsOctober 14, 2018$15.70 b
ExelisFebruary 06, 2015$4.80 b
Core180 , Inc.April 04, 2011
CarefxFebruary 23, 2011$155 m
Harris CapRock CommunicationsMay 21, 2010
SignaCertMay 17, 2010
Patriot TechnologiesOctober 16, 2009
Tyco Electronics WirelessApril 16, 2009
Tyco Electronics Wireless SystemsApril 16, 2009
Crucial SecurityApril 14, 2009
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L3Harris Technologies Revenue Breakdown

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L3Harris Technologies revenue breakdown by business segment: 37.9% from Electronic Systems, 30.2% from Space and Intelligence Systems and 31.9% from Communication Systems

L3Harris Technologies revenue breakdown by geographic segment: 55.7% from U.S. and 44.3% from International

L3Harris Technologies Cybersecurity Score

Cybersecurity ratingPremium dataset

A

98/100

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L3Harris Technologies Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

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L3Harris Technologies Online and Social Media Presence

L3Harris Technologies's Trends

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L3Harris Technologies News and Updates

December 02, 2020

Global Military Laser Designator Market (2020 to 2024) - Featuring FLIR Systems, L3Harris Technologies & Leonardo Among Others

Dublin, Dec. 02, 2020 (GLOBE NEWSWIRE) -- The "Global Military Laser Designator Market 2020-2024" report has been added to ResearchAndMarkets.com's offering. The publisher has been monitoring the military laser designator market and it is poised to grow by $454.48 million during 2020-2024 progres…
November 19, 2020

L3Harris Technologies Plans to Sell Pilot Training Services Unit

L3Harris Technologies Plans to Sell Pilot Training Services Unit
November 11, 2020

L3Harris Technologies CEO and CFO to Speak at Baird’s 2020 Virtual Global Industrial Conference November 12, 2020

L3Harris Technologies (NYSE:LHX) Chairman and CEO William M. Brown and Senior Vice President and Chief Financial Officer Jay Malave will speak at Baird’s 2020 Virtual Global Industrial Conference on Thursday, November 12, 2020.
November 09, 2020

US Navy, Air Force Award L3Harris Technologies Order for Two-Channel Handheld Tactical Radios Enabling Advanced Battle Management System

The Naval Information Warfare Systems Command, supporting the U.S. Air Force, has awarded L3Harris Technologies (NYSE:LHX) an order for nearly 1,000 Falcon IV® AN/PRC-163 two-channel handheld tactical radios that will provide Air Force personnel with Tactical Air Control Party (TACP) airmen with adv…
November 05, 2020

L3Harris Technologies Receives First Delivery Order for the US Army’s Next Generation Rifle-Mounted Aiming Laser

L3Harris Technologies (NYSE:LHX) has received the first order on its multi-million dollar contract from the U.S. Army for the Small Tactical Optical Rifle-Mounted Micro Laser Rangefinder 2 (STORM 2). L3Harris will deliver more than 1,100 combat-ready systems to the Army. This is the first production…
November 04, 2020

US Marine Corps Awards L3Harris Technologies $88 Million IDIQ Contract with Initial Delivery Order for Panther Satellite Terminals

The U.S. Marine Corps has awarded L3Harris Technologies (NYSE:LHX) a five-year, $88 million ceiling, single-award IDIQ contract — with an initial delivery order of $21 million — for a small, lightweight satellite terminal that delivers extremely reliable high-bandwidth voice, video and data.
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L3Harris Technologies Blogs

March 04, 2021

Should Helicopters also Monitor Flight Data? Short Answer... YES

Should Helicopters also Monitor Flight Data? Short Answer... YES heather.hardin… Thu, 03/04/2021 - 15:50
March 04, 2021

Setting Your Thresholds

Setting Your Thresholds heather.hardin… Thu, 03/04/2021 - 15:27
March 04, 2021

How To Find Qualitative Performance Intelligence From Flight Data

How To Find Qualitative Performance Intelligence From Flight Data heather.hardin… Thu, 03/04/2021 - 15:09
March 01, 2021

L3Harris Technologies to Design Long-Endurance Autonomous Surface Ship Concept for US Defense Advanced Research Projects Agency

L3Harris Technologies to Design Long-Endurance Autonomous Surface Ship Concept for US Defense Advanced Research Projects Agency LJ.Binyard@L3H… Mon, 03/01/2021 - 13:23
March 01, 2021

L3Harris Technologies Signs Definitive Agreements to Sell Its Military Training and Combat Propulsion Systems Businesses for $1.45 Billion

L3Harris Technologies Signs Definitive Agreements to Sell Its Military Training and Combat Propulsion Systems Businesses for $1.45 Billion LJ.Binyard@L3H… Mon, 03/01/2021 - 10:21
February 25, 2021

IDIQ: State of California - NASPO

IDIQ: State of California - NASPO David.Flass@L3… Thu, 02/25/2021 - 17:16 State of California – NASPO Participating Addendum The purpose of this Contract is to enable authorized p…
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 L3Harris Technologies Frequently Asked Questions

  • When was L3Harris Technologies founded?

    L3Harris Technologies was founded in 1895.

  • Who are L3Harris Technologies key executives?

    L3Harris Technologies's key executives are William M. “Bill” Brown, Todd Gautier and Rajeev Lalwani.

  • How many employees does L3Harris Technologies have?

    L3Harris Technologies has 50,000 employees.

  • What is L3Harris Technologies revenue?

    Latest L3Harris Technologies annual revenue is $6.8 b.

  • What is L3Harris Technologies revenue per employee?

    Latest L3Harris Technologies revenue per employee is $136 k.

  • Who are L3Harris Technologies competitors?

    Competitors of L3Harris Technologies include Motorola Solutions, Thales and Raytheon Technologies.

  • Where is L3Harris Technologies headquarters?

    L3Harris Technologies headquarters is located at 1025 W NASA Blvd, Melbourne.

  • Where are L3Harris Technologies offices?

    L3Harris Technologies has offices in Melbourne, Adelaide, Brisbane, Cairns and in 39 other locations.

  • How many offices does L3Harris Technologies have?

    L3Harris Technologies has 44 offices.