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 Openings2,742
Revenue (FY, 2021)$17.8 B(-2%)
Share Price (May 2022)$241.6(+2%)
Cybersecurity ratingAMore
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Key People/Management at L3Harris Technologies

Christopher E. Kubasik

Christopher E. Kubasik

Vice Chair and Chief Executive Officer
Ross Niebergall

Ross Niebergall

Vice President and Chief Technology Officer
Dana Mehnert

Dana Mehnert

President, Communication Systems
Sean Stackley

Sean Stackley

President, Integrated Mission Systems
Jim Girard

Jim Girard

Vice President and Chief Human Resources Officer
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
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
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L3Harris Technologies Financials and Metrics

L3Harris Technologies Revenue

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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 (Q1, 2022)

4.1b

Gross profit (Q1, 2022)

1.2b

Gross profit margin (Q1, 2022), %

29.5%

Net income (Q1, 2022)

475.0m

Market capitalization (17-May-2022)

47.4b

Closing stock price (17-May-2022)

241.6

Cash (1-Apr-2022)

402.0m

EV

54.8b
L3Harris Technologies's current market capitalization is $47.4 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, 2022

Revenue

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

Cost of goods sold

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

Gross profit

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

Gross profit Margin, %

29%29%29%30%30%31%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, 2022

Cash

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

Accounts Receivable

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

Inventories

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

Current Assets

7.0b7.2b6.9b6.4b7.5b7.6b6.6b6.2b
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, 2022

Net Income

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

Depreciation and Amortization

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

Inventories

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

Accounts Payable

253.0m(116.0m)(2.0m)15.0m69.0m270.0m(43.0m)
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
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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

94/100

SecurityScorecard logo

L3Harris Technologies Online and Social Media Presence

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L3Harris Technologies News and Updates

L3Harris Receives $297 Million Tactical Radio Contract Ceiling Increase from US Special Operations Command

L3Harris Technologies (NYSE:LHX) has received a $297 million IDIQ contract increase for its Falcon® IV AN/PRC-167 radio systems from the U.S. Special Operations Command (USSOCOM).

L3harris High-resolution Weather Imager Captures First Image From Space

The L3Harris Technologies-built (NYSE:LHX) high-resolution Advanced Baseline Imager (ABI) onboard NOAA’s newest weather satellite captured its first image since launching into space two months ago – a significant milestone prior to reaching full operational status.

Virgin Orbit signs agreement with L3Harris Technologies for acquiring two Boeing airframes

Virgin Orbit (NASDAQ:VORB) signed an agreement with L3Harris Technologies (NYSE:LHX) for acquiring two Boeing 747-400 airframes to support the growing need for U.S. national security and allies' satellite launch demands.

L3Harris Elects JetBlue President and COO Joanna L. Geraghty to Board of Directors

L3Harris Technologies (NYSE:LHX) today announced that Joanna L. Geraghty, President and Chief Operating Officer of JetBlue Airways Corporation, has been elected to its Board of Directors. Her addition expands the L3Harris Board to 14 members.

L3Harris to Provide Booster Avionics for NASA’s Artemis Moon Mission

L3Harris Technologies (NYSE:LHX) will provide advanced booster avionics to Northrop Grumman for NASA’s Artemis missions to return humans to the moon.

L3Harris Deploys US Army’s Next-Generation Airborne ISR System

L3Harris Technologies (NYSE:LHX) recently integrated and rapidly deployed its Airborne Reconnaissance and Electronic Warfare System (ARES) in support of U.S. Army missions in the U.S. Indo-Pacific Command (USINDOPACOM) area of responsibility.
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L3Harris Technologies Blogs

Cultivating Inclusion through Days of Understanding

Cultivating Inclusion through Days of Understanding sandra.phanour… Thu, 05/19/2022 - 18:59

L3Harris Introduces Next Generation Satellite Radio With Built-In Messaging and Situational Awareness

L3Harris Introduces Next Generation Satellite Radio With Built-In Messaging and Situational Awareness Julia.Stein@L3… Wed, 05/18/2022 - 12:52

Capability Multiplier for the Hyper-Enabled Warfighter

Capability Multiplier for the Hyper-Enabled Warfighter David.Flass@L3… Tue, 05/17/2022 - 18:31

Adding Manufacturing Speed with Augmented Reality

Adding Manufacturing Speed with Augmented Reality David.Flass@L3… Tue, 05/17/2022 - 17:51

L3Harris Selected for Key Department of Defense Artificial Intelligence Program

L3Harris Selected for Key Department of Defense Artificial Intelligence Program Julia.Stein@L3… Mon, 05/16/2022 - 21:10

L3Harris and FirstNet to Expand Communication Network for Florida First Responders

L3Harris and FirstNet to Expand Communication Network for Florida First Responders Julia.Stein@L3… Mon, 05/16/2022 - 20:05
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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 Dana Mehnert.

  • 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.