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L3Harris
L3Harris

Aerospace & defense / Aerospace and defense technology

At a Glance | Core Facts | Company Due Diligence: | Industry Due Diligence: | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | Web
Overview
L3Harris is a global aerospace and defense technology company formed by the merger of L3 Technologies and Harris Corporation in 2019. The company employs approximately 48,000 people worldwide and is headquartered in Melbourne, Florida.
L3Harris provides advanced defense and commercial technologies across air, land, sea, space, and cyber domains. Their products and services range from advanced communications and intelligence systems to navigation and sensing technologies, and from surveillance and reconnaissance solutions to advanced weapons, armaments, and munitions.
The company serves a diverse range of customers, including the U.S. Department of Defense and its allies, as well as commercial and international customers. L3Harris is committed to delivering innovative solutions that support national security and keep people safe.
L3Harris also has a strong commitment to corporate social responsibility, with a focus on sustainability, diversity and inclusion, ethical conduct, and community involvement. They support various initiatives and organizations that seek to make a positive impact in the communities where they operate.
Some key executives at L3Harris include:
- Christopher E. Kubasik, Chairman and Chief Executive Officer
- Dana A. Mehnert, Senior Vice President and President of Communications Systems Segment
- Todd W. Gautier, Senior Vice President and President of Space and Airborne Systems Segment
- Scott T. Link, Senior Vice President and Chief Financial Officer
- Ed Zoiss, President of International Defense, Space and Airborne Systems Segment
In summary, L3Harris is a leading technology company dedicated to providing innovative solutions for defense and commercial customers, while also prioritizing corporate responsibility and community involvement.
What is special about the company?
1. Leading provider of innovative technologies: L3Harris is a global technology company that creates advanced solutions for customers in defense, aerospace, and public sector markets. They constantly invest in research and development to provide cutting-edge technologies to their customers.
2. Broad range of capabilities: L3Harris has a diverse portfolio of capabilities, including space and airborne systems, communication systems, geospatial and intelligence solutions, and maritime solutions. This allows them to provide integrated solutions and services to their customers.
3. Strong legacy of experience: L3Harris has a long history of providing high-quality products and services, dating back to the 1800s. With this experience, they have developed expertise in various areas and have built a strong reputation for reliability and performance.
4. Global presence: With operations in over 100 countries, L3Harris has a global presence and can offer localized solutions to customers around the world. This allows them to understand the needs and challenges of different regions and provide tailored solutions.
5. Focus on innovation and advancement: L3Harris is committed to innovation and continuously works towards developing new technologies and improving existing ones. They also collaborate with industry partners and academic institutions to drive innovation and create next-generation solutions.
6. Strong customer relationships: The company has built strong long-term relationships with their customers by providing high-quality products and services, timely delivery, and responsive customer service. This has resulted in a loyal customer base and repeat business.
7. Commitment to community and social responsibility: L3Harris is dedicated to making a positive impact in the communities where they operate and supporting social and environmental initiatives. They also have a strong commitment to ethical business practices and corporate responsibility.
What the company's business model?
L3Harris is a global aerospace and defense company that provides integrated solutions for mission-critical customers. The company's business model is based on three main pillars: technology, partnerships, and customer relationships.
1. Technology: L3Harris focuses on developing advanced technologies and solutions for its customers, including communication systems, sensors, and digital systems. The company invests heavily in research and development to stay at the forefront of technology in the aerospace and defense industry.
2. Partnerships: L3Harris works closely with governments, militaries, and other companies to provide integrated solutions for a wide range of applications, including national defense, space exploration, and air traffic management. The company's partnerships enable it to offer comprehensive and customized solutions to its customers.
3. Customer Relationships: L3Harris prioritizes building long-term relationships with its customers by providing high-quality and reliable products and services. The company also offers ongoing support and maintenance to ensure customer satisfaction and retention.
Overall, L3Harris' business model revolves around utilizing its technological expertise, forging strategic partnerships, and maintaining strong customer relationships to deliver innovative and effective solutions for mission-critical applications.
Interesting facts about the company
1. L3Harris is a global technology company that provides advanced solutions in the areas of defense, intelligence, and communications.
2. The company was formed in 2019 through the merger of L3 Technologies and Harris Corporation, two leading defense and technology companies.
3. The company is headquartered in Melbourne, Florida and has locations in over 100 countries.
4. L3Harris has a diverse portfolio of products and services, including communication systems, electronic warfare, and surveillance systems.
5. The company’s customers include the U.S. Department of Defense, other government agencies, and international militaries.
6. L3Harris is one of the top ten government contractors in the United States, with annual revenues of over $18 billion.
7. The company has a strong commitment to innovation and invests heavily in research and development, with over $1.5 billion invested in R&D in 2020.
8. L3Harris has a significant presence in the commercial market, providing solutions for air traffic management, space, satellite communications, and other industries.
9. The company employs over 48,000 people worldwide, with a large portion of its workforce being engineers and scientists.
10. L3Harris has a strong commitment to corporate social responsibility, with initiatives focused on ethics, sustainability, and diversity and inclusion.
11. The company has a history of working on high-profile projects, including the development of the first satellite communications system for the U.S. Coast Guard and building the communications system for NASA’s Apollo program.
12. L3Harris has received numerous awards and recognition for its innovative products and outstanding work in supporting national security and defense.
13. In addition to its business goals, L3Harris also has a strong philanthropic focus, supporting various organizations and initiatives in the communities where it operates.
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