Overview
| Industry | Manufacturing and Hardware | No. of Employees | 46,000 |
| Country of Origin | USA | Funding | – |
| Countries of Operations | USA, Australia, Canada, France, India, Saudi Arabia, United Kingdom | Revenue | $17B (FY 2022) |
| Founded | 2019 (merger) | Valuation | $35.5B |
| Age | 4 Years | Followers | 704,000 |
Summary
L3Harris Technologies is a global aerospace and defense technology company that provides innovative solutions for air, land, sea, space and cyber domains. The company was formed in 2019 by the merger of L3 Technologies and Harris Corporation, two leading providers of defense and commercial technologies.
Some of the company’s key products and services include:
- Intelligence, surveillance and reconnaissance (ISR) systems, such as sensors, radars, electronic warfare, and unmanned platforms.
- Advanced electro-optical and infrared solutions, such as night vision, thermal imaging, laser designators, and targeting systems.
- Maritime power and navigation systems, such as integrated platform management, propulsion, sonar, and undersea systems.
- Air traffic management systems, such as voice and data communications, automation, surveillance, and navigation systems.
- Tactical radios, satellite communications, public safety networks, and cybersecurity solutions.
- Pilot training systems, such as simulators, flight training devices, and courseware.
- Space systems, such as payloads, antennas, reflectors, telescopes, and robotics.
- Weather and environmental sensing systems, such as sensors, radars, satellites, and analytics.
Industry
L3Harris Technologies falls under the Manufacturing and Hardware category. This is because the company designs, develops, and manufactures various products and systems that are used for aerospace and defense applications. These products and systems include hardware components such as sensors, radars, radios, antennas, satellites, platforms, simulators, etc.
Country of Origin
L3Harris Technologies was founded in the United States. The company’s headquarters are located in Melbourne, Florida.
Country of Operations
L3Harris Technologies operates in more than 100 countries around the world. Some of the countries where the company has significant operations include:
Australia, Canada, France, India, Saudi Arabia, United Kingdom
Age
L3Harris Technologies was created in 2019 by the merger of L3 Technologies and Harris Corporation and is about 4 years as of 2023.
However, both L3 Technologies and Harris Corporation have a long history of innovation and excellence. L3 Technologies was founded in 1997 by former employees of Lockheed Martin who wanted to create a more agile and responsive company. Harris Corporation was founded in 1895 by Alfred S. Harris who invented a printing press that revolutionized the newspaper industry.
Size
L3 Harris Technologies has over 46,000 employees worldwide.
Founders of L3 Harris Technoloies
After Merger
Christopher Kubasik
He is the current Chair and CEO of L3 Harris Technologies. He was appointed in June 2021, after serving as Vice Chair, President and Chief Operating Officer since the merger of L3 Technologies and Harris Corporation in 2019. He has over 30 years of experience in the aerospace and defense industry, having held various leadership positions at Lockheed Martin Corporation, Seabury Advisory Group LLC.
He is also a member of the Air Force Association (AFA), the National Defense Industrial Association (NDIA), the Navy League of the United States and the Association of the United States Army (AUSA).
LinkedIn Profile.
Before Merger
L3 Technologies was co-founded by Frank Lanza along with Robert LaPenta and Lehman Brothers, in 1997
Harris Corporation was founded by Alfred S. Harris in Niles, Ohio, in 1895 as the Harris Automatic Press Company.
Competitive Edge
L3Harris Technologies is its strong research and development team with continuous focus on innovation. The company invests more than $1 billion annually in internal R&D.The company also has a huge portfolio of patents and other intellectual property that protect its technological advantage and enable it to offer differentiated solutions to its customers.
Controversy
On Nov 2015, L-3 Communications Holdings Inc (before name of L3 Technologies and before merger with Harris) agreed to pay $25.6 million to settle a lawsuit accusing the military contractor of defrauding the U.S. government by selling thousands of holographic weapon sights that it knew were defective.
On Jan 2017, L3 Technologies (before merger with Harris) which is one of the largest U.S. defense contractors has agreed to pay more than $1.6 million to settle charges of booking millions of dollars in improper revenue that allowed some executives to “barely satisfy” targets for incentive bonuses.
On Sept 2019, L3Harris Technologies has agreed to pay $13 million to settle allegations that Harris, before the merger, violated the Arms Export Control Act and the International Traffic in Arms Regulations.
Aircraft
- The FVR is designed for long endurance, 12 to 18 hours, with an 8 to 22 pound payload capacity
- An FVR airframe is intended to demonstrate the excellent endurance achievable with Hybrid Quadrotor™ technology.
- Interchangeable nose payloads, boom mounts for detachable payloads and integrated radio bays allow maximum flexibility in dynamic environments and operations.
Technology
L3 Harris Technologies has several technological edges outside of the drones, such as:
WESCAM MX-Series: a family of advanced electro-optical/infrared imaging and targeting systems that can be mounted on various platforms, such as aircraft, vehicles, ships, and ground stations.
Falcon III: a family of secure radio systems that provide voice, data, and video communications for military and public safety applications.
XL-200P: a multiband portable radio that offers interoperability, connectivity, and functionality for public safety users.
Geospatial Solutions: a suite of software tools and services that enable geospatial analysis, data management, visualization, and dissemination for defense, intelligence, civil, and commercial customers.
Revenue
L3 Harris Technologies is a public company that reports its financial results quarterly and annually.
Q1 2023 –
It reported a Revenue of $4.47B which is a 8.97% growth from $4B in Q1 2022.
It reported a Revenue of $17B which is -4.22% growth from $17.8B in FY 2021.
Social Stats (Social Media Numbers)
Facebook – 61K Followers
Instagram – 29.8K Followers
Twitter – 21.1K Followers
LinkedIn – 587.3K Followers
YouTube – 4.86K Followers
