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, US
Websitel3harris.com
Employee Ratings3.6

Latest Updates

Employees (est.) (Dec 2021)47,000(-2%)
Job Openings3,057
Revenue (FY, 2021)$17.8 B(-2%)
Share Price (Aug 2022)$237.8(-1%)
Cybersecurity ratingAMore
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Key People/Management at L3Harris Technologies

Christopher E. Kubasik

Christopher E. Kubasik

Chair and Chief Executive Officer
Ross Niebergall

Ross Niebergall

Vice President and Chief Technology Officer
Jim Girard

Jim Girard

Vice President and Chief Human Resources Officer
Edward J. Zoiss

Edward J. Zoiss

President, Space & Airborne Systems
Dana Mehnert

Dana Mehnert

President, Communication Systems
Michelle L. Turner

Michelle L. Turner

Senior Vice President and Chief Financial Officer
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L3Harris Technologies Office Locations

L3Harris Technologies has offices in Melbourne, Los Angeles, Alpharetta, Amityville and in 63 other locations
Melbourne, FL, US (HQ)
1025 W NASA Blvd
Los Angeles, CA, US
Van Nuys
Canberra, 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
Ark Mori Building 12th Floor, 1-12-32 Akasaka
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L3Harris Technologies Financials and Metrics

L3Harris Technologies Revenue

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View revenue for all periods
L3Harris Technologies's revenue was reported to be $17.81 b in FY, 2021 which is a 2% increase from the previous period.
USD

Revenue (Q2, 2022)

4.1b

Gross profit (Q2, 2022)

1.2b

Gross profit margin (Q2, 2022), %

29.7%

Net income (Q2, 2022)

470.0m

EBIT (Q2, 2022)

471.0m

Market capitalization (4-Aug-2022)

46.2b

Closing stock price (4-Aug-2022)

237.9

Cash (1-Jul-2022)

420.0m

EV

53.6b
L3Harris Technologies's current market capitalization is $46.2 b.
Annual
USDFY, 2019FY, 2020FY, 2021

Revenue

6.8b18.2b17.8b

Revenue growth, %

10%96%2%

Cost of goods sold

4.5b12.9b12.4b

Gross profit

3.2b5.3b5.4b
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022

Revenue

4.6b4.4b4.5b4.6b4.7b4.2b4.1b4.1b

Cost of goods sold

3.3b3.2b3.2b3.2b3.3b2.9b2.9b2.9b

Gross profit

1.3b1.3b1.3b1.4b1.4b1.3b1.2b1.2b

Gross profit Margin, %

29%29%29%30%30%31%30%30%
Annual
USDFY, 2019FY, 2020FY, 2021

Cash

530.0m1.3b941.0m

Accounts Receivable

457.0m1.3b1.0b

Inventories

360.0m973.0m982.0m

Current Assets

2.6b6.7b6.4b
Half Year
USDH1, 2020

Cash

824.0m

Accounts Receivable

1.2b

Inventories

1.2b

Current Assets

6.3b
Quarterly
USDQ1, 2020Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022

Cash

1.0b663.0m1.9b1.3b976.0m2.0b1.1b402.0m420.0m

Accounts Receivable

1.3b1.3b1.1b1.1b1.1b1.2b1.0b1.3b1.2b

Inventories

1.3b990.0m859.0m894.0m904.0m872.0m1.0b1.1b1.2b

Current Assets

7.0b7.2b6.9b6.4b7.5b7.6b6.6b6.2b6.2b
Annual
USDFY, 2019FY, 2020FY, 2021

Net Income

949.0m1.1b1.8b

Depreciation and Amortization

258.0m1.0b340.0m

Inventories

(1.0m)60.0m(68.0m)

Accounts Payable

(84.0m)173.0m430.0m
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022

Net Income

194.0m472.0m902.0m466.0m879.0m1.4b(475.0m)945.0m

Depreciation and Amortization

230.0m515.0m768.0m251.0m484.0m723.0m232.0m162.0m

Inventories

40.0m175.0m139.0m61.0m46.0m(108.0m)(108.0m)(259.0m)

Accounts Payable

253.0m(116.0m)(2.0m)15.0m69.0m270.0m(43.0m)(44.0m)
USDFY, 2019

EV/CFO

21.8 x

Revenue/Employee

136.0k

Debt/Equity

1.2 x

Debt/Assets

0.4 x

Financial Leverage

3 x

P/E Ratio

24.1
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L3Harris Technologies Operating Metrics

L3Harris Technologies's Backlog was reported to be $21.1b in FY, 2021.
Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020Q1, 2021Q2, 2021Q3, 2021FY, 2021

Countries

130100100

Engineers And Scientists

8 k19 k19 k

Backlog

$7.9 b$8 b$8.5 b$8.3 b$20.4 b$19.8 b$20.8 b$21.7 b$21.4 b$20.2 b$21.1 b$21.1 b

Backlog Funded

$5.8 b$16.3 b$15.2 b

L3Harris Technologies Acquisitions / Subsidiaries

Company NameDateDeal Size
L-3 CommunicationsOctober 14, 2018$15.7 b
ExelisMay 29, 2015$4.8 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: 15.5% from Aviation Systems, 23.8% from Communication Systems, 32.4% from Integrated Mission Systems and 28.3% from Space and Airborne Systems

L3Harris Technologies revenue breakdown by geographic segment: 8.9% from International and 91.1% from U.S.

Human Capital Metrics

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L3Harris Technologies Cybersecurity Score

Cybersecurity ratingPremium dataset

A

95/100

SecurityScorecard logo

L3Harris Technologies Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

L3Harris Technologies Online and Social Media Presence

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L3Harris Technologies News and Updates

Vuzix Enters into an Agreement with L3Harris Technologies to Develop a New Customized Waveguide-based HMD System

Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, is pleased to announce that the Company has signed an agreement with L3Harris Technologies ("L3Harris") to develop a customized waveguide-based opti…

L3Harris Releases Second Quarter 2022 Financial Results

L3Harris Technologies (NYSE:LHX) today announced its second quarter fiscal year 2022 results in an Investor Letter, which was posted to the Investor Relations section of the company’s website.

L3Harris Declares Quarterly Dividend

The Board of Directors of L3Harris Technologies (NYSE:LHX) has declared a quarterly cash dividend of $1.12 per share on the common stock, payable September 16, 2022, to shareholders of record as of the close of business on September 2, 2022.

L3Harris Secures Strategic JADC2 Win with U.S. Navy’s ~$380M Cooperative Engagement Capability Contract

The U.S. Navy awarded L3Harris Technologies (NYSE:LHX) a contract worth up to ~$380M – for the production, repair, and sustainment of the Cooperative Engagement Capability (CEC) system with an initial award of ~$15M.

L3Harris Secures $700 Million Advanced Missile Tracking Space Development Agency Program

L3Harris Technologies (NYSE:LHX) has been awarded a contract to build the Space Development Agency’s (SDA) Tranche 1 Tracking Layer satellite program to serve as “eyes in the sky” detecting, identifying and tracking advanced missile threats. The contract has a potential total value of $700 million.

Contract Award: L3Harris Technologies Inc. (Northampton, Massachusetts) – $53,427,751

L3Harris Technologies Inc., Northampton, Massachusetts, is awarded a $53,427,751 cost-plus-incentive-fee modification, cost-plus-fixed-fee, and firm fixed modification to previously awarded contract N00024-20-C-6249 for the procurement of production hardware and engineering services in support of ne…
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L3Harris Technologies Blogs

Philadelphia Hiring Event

Philadelphia Hiring Event Joanna.Golden@… Thu, 06/16/2022 - 19:00 Employees at L3Harris K 47.00 Patents by L3Harris …

C-Cat 3 ASV Data Sheet

C-Cat 3 ASV Data Sheet Joanna.Golden@… Wed, 06/15/2022 - 15:26 Data/Sell/Spec sheets C-Cat 3 ASV Data Sheet ims-maritime-asv-C-Cat-3-data-sheet-teaser.jpg C-Cat 3 ASV Data Sheet …

Autonomous Ship Expo 2022

Autonomous Ship Expo 2022 Joanna.Golden@… Mon, 06/13/2022 - 15:33 Tue, 06/21/2022 - 12:00 Wed, 06/22/2022 - 12:00 Upcoming L3Harris provides innovative, affordable solutions for the most …

Navigating the 900 MHz Rebanding Mandate

Navigating the 900 MHz Rebanding Mandate David.Flass@L3… Wed, 06/08/2022 - 13:18 Other The FCC is transforming the 900 MHz band. This will require certain users of 900 MHz frequencies to be transitioned to new frequencies. …

Flash X-ray and Digital Imaging Systems Hands-on Training Course

Flash X-ray and Digital Imaging Systems Hands-on Training Course Tahl.Glass@L3H… Fri, 06/03/2022 - 16:37 Other L3Harris Applied Technologies is pleased to host its annual five-day Flash X-ray and Digital Imaging seminar at its San Leandro, Californi…

Spacecraft S-Band Transponder Data Sheet

Spacecraft S-Band Transponder Data Sheet Joanna.Golden@… Fri, 06/03/2022 - 16:17 Data/Sell/Spec sheets Spacecraft S-Band Transponder Data Sheet …
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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 Christopher E. Kubasik, Ross Niebergall and Jim Girard.

  • How many employees does L3Harris Technologies have?

    L3Harris Technologies has 47,000 employees.

  • What is L3Harris Technologies revenue?

    Latest L3Harris Technologies annual revenue is $17.8 b.

  • What is L3Harris Technologies revenue per employee?

    Latest L3Harris Technologies revenue per employee is $379 k.

  • Who are L3Harris Technologies competitors?

    Competitors of L3Harris Technologies include Rockwell Collins, Motorola Solutions and Thales.

  • 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, Los Angeles, Alpharetta, Amityville and in 63 other locations.

  • How many offices does L3Harris Technologies have?

    L3Harris Technologies has 69 offices.