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L3Harris Technologies

OverviewSuggest Edit

L3Harris Technologies (formerly known as Harris Corporation) is a company provides 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.

TypePublic
Founded1895
HQMelbourne, USMap
Websitel3harris.com
Employee Ratings3.4More
View Jobs (1,621)

Recent NewsAll News

Latest Updates

Employees (est.) (Jan 2020)50,000
Job Openings1,621
Revenue (FY, 2019)$6.8 B(+11%)
Share Price (May 2020)$199.4 (+2%)

Key People/Management at L3Harris Technologies

Christopher E. Kubasik

Christopher E. Kubasik

Vice Chairman, President and Chief Operating Officer
William M. Brown

William M. Brown

Chairman and Chief Executive Officer
Dana Mehnert

Dana Mehnert

President, Communication Systems
Edward J. Zoiss

Edward J. Zoiss

President, Space & Airborne Systems
Todd W. Gautier

Todd W. Gautier

President, Aviation Systems
Sean Stackley

Sean Stackley

President, Integrated Mission Systems
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L3Harris Technologies Office Locations

L3Harris Technologies has offices in Melbourne, Aberdeen Proving Ground, Amityville, Anchorage and in 69 other locations
Melbourne, US (HQ)
1025 W NASA Blvd
Aberdeen Proving Ground, US
6245 Guardian Gateway
Amityville, US
1500 New Horizons Blvd
Anchorage, US
7240 Lake Otis Pkwy
Aurora, US
3973 75th St
Beavercreek, US
4027 Colonel Glenn Hwy #440
Show all (88)

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 (H2, 2020)

9.3b

Gross profit (H2, 2020)

2.5b

Gross profit margin (H2, 2020), %

27.4%

Net income (H2, 2020)

834.0m

EBIT (H2, 2020)

823.0m

Market capitalization (29-May-2020)

43.1b

Closing stock price (29-May-2020)

199.4

Cash (3-Jan-2020)

824.0m

EV

50.0b
L3Harris Technologies's current market capitalization is $43.1 b.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

7.5b5.9b6.2b6.8b

Revenue growth, %

47%(21%)5%10%

Cost of goods sold

5.1b3.8b3.9b4.5b

Gross profit

2.3b2.1b2.3b2.3b
Half Year
USDH2, 2020

Revenue

9.3b

Cost of goods sold

6.7b

Gross profit

2.5b

Gross profit Margin, %

27%
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Revenue

1.8b1.7b1.5b1.4b1.5b1.6b1.5b1.7b1.7b4.4b

Cost of goods sold

1.2b1.1b964.0m898.0m999.0m1.0b1.0b1.1b1.1b3.2b

Gross profit

579.0m562.0m525.0m515.0m536.0m561.0m532.0m571.0m589.0m1.2b

Gross profit Margin, %

33%33%35%36%35%36%35%34%34%27%
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Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Cash

487.0m484.0m288.0m530.0m

Accounts Receivable

937.0m623.0m735.0m457.0m

Inventories

964.0m841.0m925.0m360.0m

Current Assets

2.6b2.1b2.2b2.6b
Half Year
USDH2, 2020

Cash

824.0m

Accounts Receivable

1.2b

Inventories

1.2b

Current Assets

6.3b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Cash

284.0m361.0m302.0m388.0m422.0m443.0m305.0m343.0m334.0m1.0b

Accounts Receivable

976.0m762.0m714.0m706.0m642.0m743.0m432.0m494.0m453.0m1.3b

Inventories

962.0m1.0b894.0m896.0m942.0m963.0m413.0m425.0m433.0m1.3b

Current Assets

2.4b2.6b2.9b2.1b2.1b2.4b2.3b2.3b2.3b7.0b
show all
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

324.0m553.0m718.0m949.0m834.0m

Depreciation and Amortization

229.0m183.0m158.0m258.0m442.0m

Inventories

(28.0m)28.0m(84.0m)(1.0m)158.0m

Accounts Payable

82.0m18.0m82.0m(84.0m)(148.0m)
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Net Income

160.0m337.0m422.0m161.0m300.0m501.0m213.0m438.0m681.0m435.0m

Depreciation and Amortization

53.0m101.0m140.0m40.0m80.0m117.0m36.0m71.0m106.0m201.0m

Inventories

2.0m(50.0m)(26.0m)(56.0m)(102.0m)(122.0m)(3.0m)(14.0m)(22.0m)75.0m

Accounts Payable

(75.0m)(132.0m)(113.0m)(88.0m)(78.0m)(46.0m)(141.0m)(101.0m)(99.0m)
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USDY, 2020

EV/EBIT

60.7 x

EV/CFO

53.2 x

Revenue/Employee

185.3k

Debt/Equity

0.3 x

Debt/Assets

0.2 x

Financial Leverage

1.7 x

P/E Ratio

54.3
Show all financial metrics

L3Harris Technologies Operating Metrics

L3Harris Technologies's Backlog was reported to be $20.6b in H2, 2020.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020H2, 2020

Order Volume (Tactical Communications)

$1.13 b$288 m$263 m$286 m$1.24 b$404 m$238 m$290 m$1.17 b$369 m$301 m$279 m$1.24 b$681 m$353 m$332 m$1.76 b$502 m$448 m$289 m$1.73 b$371 m

Backlog Funded (Tactical Communications)

$564 m$575 m$521 m$451 m$601 m$665 m$556 m$511 m$472 m$530 m$555 m$507 m$494 m$879 m$884 m$880 m$924 m$1.09 b$1.15 b$1.03 b$1.08 b

Backlog

$7.20 b$12.20 b$10.80 b$7.90 b$8 b$8.50 b$8.30 b$20.30 b$20.60 b

Backlog Funded

$3 b$5.30 b$5.10 b$4.20 b$5.20 b$5.80 b$16.20 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
Crucial SecurityApril 14, 2009
Zandar TechnologiesNovember 29, 2007
Applied Kilovolts
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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 Online and Social Media Presence

L3Harris Technologies's Trends

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L3Harris Technologies Blogs

October 08, 2018

Leadership Florida Tour

We look forward to your upcoming visit to Harris' Global Innovation Center. In advance of the event, we require all guests to complete our Visitor form. Please take a moment to complete and submit the form below. NOTE: This submission is encrypted to protect your personal information. Please ensur…
October 05, 2018

Infrastructure Managed Services Comparison Chart

<img class="as-background" src="https://www.harris.com/sites/default/files/rich-content/infrastructure-managed-services-comparison.png" data-src="https://www.harris.com/sites/default/files/rich-content/infrastructure-managed-services-comparison.png…
October 02, 2018

F35-TR3 PCD - Customer Meeting

Due to security requirements, all guests must provide credentials in advance to attend the event. Please enter your complete name as it appears on your government-issued photo identification. You will also be required to show the same identification at the HTC lobby upon check-in. If you have any q…
October 02, 2018

F-35 TR3 AMS Customer CDR

Due to security requirements, all guests must provide credentials in advance to attend the event. Please enter your complete name as it appears on your government-issued photo identification. You will also be required to show the same identification at the HTC lobby upon check-in. If you have any q…
October 02, 2018

Grace Hopper Super Day

Due to security requirements, all guests must provide credentials in advance to attend the event. Please enter your complete name as it appears on your government-issued photo identification. You will also be required to show the same identification at the HTC lobby upon check-in. If you have any q…
October 02, 2018

test event

test event Coordinator Phone:  +1 321 724 3391 Sponsoring Business Segment(s):  CHQ Harris Host Name:  test Harris Host Phone:  +1 321 724 3391 Global Innovation Center Escort Required:  No Level of Clearance Required?:  None Lockdown Date:  Wednesday, October 3, 2018 Coordinator …
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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, William M. Brown and Dana Mehnert.

  • 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 OSI Systems, Motorola Solutions and General Dynamics.

  • 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, Aberdeen Proving Ground, Amityville, Anchorage and in 69 other locations.

  • How many offices does L3Harris Technologies have?

    L3Harris Technologies has 88 offices.