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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 Ratings3.7More
View Jobs (4,340)

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Latest Updates

Employees (est.) (Jan 2021)48,000(-4%)
Job Openings4,340
Revenue (FY, 2020)$18.2 B(+97%)
Share Price (Aug 2021)$225.9
Cybersecurity ratingAMore

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
Jesus Malave

Jesus Malave

Senior Vice President and Chief Financial Officer
Edward J. Zoiss

Edward J. Zoiss

President, Space & Airborne Systems
Dana Mehnert

Dana Mehnert

President, Communication Systems
Sean Stackley

Sean Stackley

President, Integrated Mission Systems
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L3Harris Technologies Office Locations

L3Harris Technologies has offices in Melbourne, Los Angeles, Alpharetta, Amityville and in 70 other locations
Melbourne, FL, US (HQ)
1025 W NASA Blvd
Los Angeles, CA, US
Sylmar
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
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L3Harris Technologies Financials and Metrics

L3Harris Technologies Revenue

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L3Harris Technologies's revenue was reported to be $18.19 b in FY, 2020 which is a 96.4% increase from the previous period.
USD

Revenue (Q1, 2021)

4.6b

Gross profit (Q1, 2021)

1.4b

Gross profit margin (Q1, 2021), %

29.6%

Net income (Q1, 2021)

466.0m

Market capitalization (2-Aug-2021)

46.3b

Closing stock price (2-Aug-2021)

225.9

Cash (2-Apr-2021)

976.0m

EV

53.2b
L3Harris Technologies's current market capitalization is $46.3 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

6.2b9.3b18.2b

Revenue growth, %

5%50%96%

Cost of goods sold

3.9b6.7b12.9b

Gross profit

2.3b2.5b5.3b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q4, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

1.5b1.7b1.7b1.9b4.6b4.4b4.5b4.6b

Cost of goods sold

1.0b1.1b1.1b1.2b3.3b3.2b3.2b3.2b

Gross profit

532.0m571.0m589.0m642.0m1.3b1.3b1.3b1.4b

Gross profit Margin, %

35%34%34%34%29%29%29%30%
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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, 2020Q1, 2021

Cash

388.0m422.0m443.0m305.0m343.0m334.0m663.0m1.9b1.3b976.0m

Accounts Receivable

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

Prepaid Expenses

372.0m

Inventories

896.0m942.0m963.0m413.0m425.0m433.0m990.0m859.0m894.0m904.0m
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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, 2020Q1, 2021

Net Income

161.0m300.0m501.0m213.0m438.0m681.0m194.0m472.0m902.0m466.0m

Depreciation and Amortization

40.0m80.0m117.0m36.0m71.0m106.0m230.0m515.0m768.0m251.0m

Inventories

(56.0m)(102.0m)(122.0m)(3.0m)(14.0m)(22.0m)40.0m175.0m139.0m61.0m

Accounts Payable

(88.0m)(78.0m)(46.0m)(141.0m)(101.0m)(99.0m)253.0m(116.0m)(2.0m)15.0m
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USDFY, 2017

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

$7.9 b$8 b$8.5 b$8.3 b$20.4 b$19.8 b$20.8 b

Backlog Funded

$4.2 b$5.2 b$5.8 b
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L3Harris Technologies Acquisitions / Subsidiaries

Company NameDateDeal Size
L-3 CommunicationsOctober 14, 2018$15.7 b
ExelisFebruary 06, 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: 24.2% from Communication Systems, 30.1% from Integrated Mission Systems, 26.9% from Space and Airborne Systems and 18.8% from Aviation Systems

L3Harris Technologies revenue breakdown by geographic segment: 93.4% from U.S. and 6.6% from International

L3Harris Technologies Cybersecurity Score

Cybersecurity ratingPremium dataset

A

95/100

Learn more about our premium products
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L3Harris Technologies Online and Social Media Presence

L3Harris Technologies's Trends

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L3Harris Technologies News and Updates

July 30, 2021

L3Harris Technologies Declares Quarterly Dividend

The Board of Directors of L3Harris Technologies (NYSE:LHX) has declared a quarterly cash dividend of $1.02 per share on the common stock, payable September 17, 2021, to shareholders of record as of the close of business on September 3, 2021.
July 29, 2021

L3Harris Technologies to Provide Tactical Communications System Logistics Support to UK Ministry of Defence

L3Harris Technologies (NYSE: LHX) has been awarded a five-year, logistics support/sustainment contract, with options to extend through Babcock International Group, as prime, to provide support and maintenance for the tri-service fleet of 50,000 in-service Babcock and Multi-Mode radios for the UK Min…
July 29, 2021

L3Harris Technologies is relaunching its Pilot Pathway Scholarship program

L3Harris Technologies (NYSE:LHX) is relaunching its Pilot Pathway Scholarship program, effective July 26, to help ensure training is accessible to more aspiring pilots.
July 27, 2021

L3Harris Technologies CEO and CFO to present at Jefferies virtual industrials conference tuesday, august 3, 2021

L3Harris Technologies (NYSE:LHX) Vice Chair and CEO Chris Kubasik and Senior Vice President and Chief Financial Officer Jay Malave will present at the Jefferies Virtual Industrials Conference Tuesday, August 3, 2021
July 21, 2021

L3Harris Technologies partners with University of Central Lancashire and iasti® to launch complete pilot pathway

L3Harris Technologies (NYSE:LHX) is partnering with the University of Central Lancashire (UCLan) to launch a pioneering new degree program to combine academic study with professional pilot training – helping widen the pool of potential pilots and contribute to increasing diversity within the industr…
July 20, 2021

L3Harris Technologies to Deliver WESCAM MX-GCS Sighting Systems for U.S. Army M-SHORAD Increment 1 Program

L3Harris Technologies (NYSE:LHX) received a contract from Moog, Inc. (NYSE: MOG.A and MOG.B) to procure 33 WESCAM MX™-GCS sighting systems in support of the U.S. Army’s Maneuver Short-Range Air Defense Increment 1 (M-SHORAD Inc. 1) program. L3Harris will provide a fully-digital above-armor sightin…
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L3Harris Technologies Blogs

August 03, 2021

C199-1-1 Antenna Spec Sheet

C199-1-1 Antenna Spec Sheet Brandon.Gonzal… Tue, 08/03/2021 - 18:16 Data/Sell/Spec sheets L3Harris' C199-1-1 antenna provides VHF communication functions for high-performance aircraft. C199-1-1-antenna-spec-sheet-sas-6…
August 03, 2021

C177 Antenna Spec Sheet

C177 Antenna Spec Sheet Brandon.Gonzal… Tue, 08/03/2021 - 18:02 Data/Sell/Spec sheets L3Harris' C177 series antenna provides ESM and EW functions and can be fully retracted into the aircraft. c177-antenna-spec-sheet-sa…
August 03, 2021

C119 Antenna Spec Sheet

C119 Antenna Spec Sheet Brandon.Gonzal… Tue, 08/03/2021 - 17:10 Data/Sell/Spec sheets L3Harris' C119 antenna is a proven and consistent performer for UHF military communications. C119_Antenna_SpecSheet-sas-61257_v2-fro…
August 03, 2021

C172-1-1 Antenna Spec Sheet

C172-1-1 Antenna Spec Sheet Brandon.Gonzal… Tue, 08/03/2021 - 16:39 Data/Sell/Spec sheets L3Harris' C172-1-1 UHF SATCOM antenna is designed for use on military helicopters and fixed wing aircraft. c172-1-1-antenna-spec…
August 03, 2021

hC2 Software Suite Specifications

hC2 Software Suite Specifications David.Flass@L3… Tue, 08/03/2021 - 15:56 Data/Sell/Spec sheets Streamlines complexities by collecting and analyzing thousands of data points to deliver a comprehensive Common Operational Picture up and down echelon t…
August 03, 2021

C101-3 Antenna Spec Sheet

C101-3 Antenna Spec Sheet Brandon.Gonzal… Tue, 08/03/2021 - 15:50 Data/Sell/Spec sheets L3Harris' C101-3 ground-based antenna provides higher gain for more secure communications or high data rate transmission. C101-3-A…
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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 Jesus Malave.

  • How many employees does L3Harris Technologies have?

    L3Harris Technologies has 48,000 employees.

  • What is L3Harris Technologies revenue?

    Latest L3Harris Technologies annual revenue is $18.2 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 Thales, Raytheon Technologies and Boeing.

  • 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 70 other locations.

  • How many offices does L3Harris Technologies have?

    L3Harris Technologies has 77 offices.