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L3HARRIS TECHNOLOGIES, INC. /DE/ (LHX)

L3Harris Technologies, Inc. is a defense industry leader known as the "Trusted Disruptor," providing comprehensive technology solutions across space, air, land, sea, and cyber domains . The company primarily serves government customers in over 100 countries, with the U.S. Government being its largest customer . L3Harris operates through four main segments: Space & Airborne Systems, Integrated Mission Systems, Communication Systems, and Aerojet Rocketdyne, offering a range of products from space payloads to missile solutions .

  1. Integrated Mission Systems (IMS) - Focuses on intelligence, surveillance, reconnaissance systems, passive sensing, targeting, and electronic attack, with a significant portion of revenue from international markets .
    • International Revenue Growth - Expected to increase from 25% to 30% over the next three years .
  2. Space & Airborne Systems (SAS) - Includes space payloads, sensors, avionics, electronic warfare, and mission networks, contributing significantly to the company's operations .
  3. Communication Systems (CS) - Provides tactical communications, broadband solutions, and public safety radios .
  4. Aerojet Rocketdyne (AR) - Offers missile solutions and space propulsion systems .

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NamePositionExternal RolesShort Bio

Christopher E. Kubasik

ExecutiveBoard

Chair and Chief Executive Officer (CEO)

Board Member at Elevance Health, Inc.

Joined LHX in 2019 after the merger of L3 Technologies and Harris Corporation. Promoted to CEO in 2021 and Chair in 2022. Extensive leadership in aerospace and defense industries.

View Report →

Christoph T. Feddersen

Executive

Vice President, General Counsel & Secretary

None

Joined LHX in August 2024. No prior roles at LHX. Legal expertise in corporate governance and compliance.

Edward J. Zoiss

Executive

President, Space & Airborne Systems (SAS)

None

Joined LHX in 2013. Promoted to President of SAS in 2019. Extensive experience in space and airborne technologies.

John P. Cantillon

Executive

Vice President and Principal Accounting Officer

None

Joined LHX in December 2023. Promoted to Principal Accounting Officer in May 2024. Formerly held financial leadership roles at Pratt & Whitney.

Jonathan P. Rambeau

Executive

President, Integrated Mission Systems (IMS)

None

Joined LHX in October 2022. Formerly held leadership roles at Lockheed Martin for 26 years.

Kenneth L. Bedingfield

Executive

Senior Vice President, CFO, and President of Aerojet Rocketdyne

None

Joined LHX in December 2023. Former CFO of Northrop Grumman and Epirus, Inc. Extensive experience in defense and technology sectors.

Melanie Rakita

Executive

Vice President and Chief Human Resources Officer (CHRO)

None

Joined LHX in 2015. Promoted to CHRO in April 2023. Held various HR leadership roles within LHX.

Samir B. Mehta

Executive

President, Communication Systems (CS)

None

Joined LHX in January 2023. Formerly held leadership roles at Collins Aerospace and Sikorsky Aircraft.

Sean J. Stackley

Executive

Senior Vice President, Strategy, Growth & Technology

None

Joined LHX in 2018. Former Assistant Secretary of the Navy for Research, Development, and Acquisition. Extensive experience in defense and government procurement.

Christina L. Zamarro

Board

Director

EVP and CFO of The Goodyear Tire & Rubber Company

Elected to the LHX Board in 2022. CFO of Goodyear since January 2023. Expertise in corporate finance and capital markets.

David S. Regnery

Board

Director

Chair and CEO of Trane Technologies plc

Appointed to the LHX Board in October 2024. Chair and CEO of Trane Technologies since 2021. Expertise in business transformation and innovation.

Joanna L. Geraghty

Board

Director

CEO of JetBlue Airways Corporation

Elected to the LHX Board in 2022. CEO of JetBlue since February 2024. Extensive experience in aerospace and operations.

Kirk S. Hachigian

Board

Director

Chairman of Allegion plc, Director at NextEra Energy, Inc., Director at PACCAR, Inc.

Appointed to the LHX Board in December 2023. Former Chairman and CEO of JELD-WEN Holding, Inc. and Cooper Industries plc.

William H. Swanson

Board

Director

Chairman of Hagerty, Inc.

Appointed to the LHX Board in December 2023. Former Chairman and CEO of Raytheon Company. Extensive experience in aerospace and defense.

  1. With increasing competition in the solid rocket motor market, especially for GMLRS, how do you plan to maintain or grow your market share, and what specific steps are you taking to address capacity constraints and competitive pressures?

  2. You aim to achieve at least a 16% segment operating margin by 2026; what are the primary risks that could prevent you from reaching this target, especially in the lower-margin sectors, and how do you plan to mitigate them?

  3. Given past supply chain challenges in your software-defined radio business, what measures have you implemented to ensure supply chain resilience, and how confident are you that similar issues won't resurface?

  4. With approximately 300,000 radios remaining in the DoD modernization cycle and competition from other providers, how do you plan to maintain your current market share, and what risks do you see in achieving your targets both domestically and with NATO countries?

  5. Regarding the ENVG night vision goggle program, considering past funding inconsistencies and potential shifts towards augmented reality systems, how confident are you in the sustainability of this business, and what strategies do you have to address potential risks?

Research analysts who have asked questions during L3HARRIS TECHNOLOGIES, INC. /DE/ earnings calls.

Douglas Harned

Sanford C. Bernstein & Co., LLC

5 questions for LHX

Also covers: , BA, GD +9 more

Myles Walton

Wolfe Research, LLC

5 questions for LHX

Also covers: , ATI, B +19 more

Seth Seifman

JPMorgan Chase & Co.

5 questions for LHX

Also covers: ATI, BA, CACI +20 more

Sheila Kahyaoglu

Jefferies

5 questions for LHX

Also covers: , AAL, BA +34 more

David Strauss

Barclays

4 questions for LHX

Also covers: ATI, BA, BWXT +16 more

Gautam Khanna

TD Cowen

4 questions for LHX

Also covers: ASLE, ATI, BA +20 more

Richard Safran

Seaport Research Partners

4 questions for LHX

Also covers: ATI, BA, GD +3 more

Ronald Epstein

Bank of America

4 questions for LHX

Also covers: , AER, AL +23 more

Jason Gursky

Citigroup Inc.

3 questions for LHX

Also covers: BA, CW, DCO +15 more

Michael Ciarmoli

Truist Securities, Inc.

3 questions for LHX

Also covers: AIN, AIR, ASLE +20 more

Noah Poponak

Goldman Sachs

3 questions for LHX

Also covers: AMTM, BA, CACI +22 more

Peter Arment

Robert W. Baird & Co.

3 questions for LHX

Also covers: AIN, AVAV, BA +19 more

Robert Stallard

Vertical Research Partners

3 questions for LHX

Also covers: BA, BAESY, DRS +11 more

Matthew Akers

Wells Fargo & Company

2 questions for LHX

Also covers: BAH, HXL, LDOS +7 more

Scott Mikus

Melius Research

2 questions for LHX

Also covers: AIR, BA, BAH +13 more

Gavin Parsons

UBS Group AG

1 question for LHX

Also covers: , BA, BAH +15 more

Jeremy Jason

Citigroup Inc.

1 question for LHX

Also covers: DCO

Kenneth Herbert

RBC Capital Markets

1 question for LHX

Also covers: , AIR, AMTM +22 more

Peter Skibitski

Alembic Global Advisors

1 question for LHX

Also covers: AVAV, BWXT, CW +9 more
Program DetailsProgram 1
Approval DateOctober 21, 2022
End Date/DurationN/A
Total Additional Amount$3.0 billion
Remaining Authorization$3.4 billion
DetailsThe program is part of the company's strategy to return cash to shareholders. It is flexible and can be adjusted based on market conditions and other considerations. The program does not have a stated expiration date and authorizes repurchases through various methods, including open market purchases and private transactions.
YearAmount Due (in millions)Debt TypeInterest Rate (%)% of Total Debt
2025600 3.832% notes3.832 5.1% = (600 / 11,700) * 100
2026100 7.00% debentures7.00 0.9% = (100 / 11,700) * 100
2026550 3.85% notes3.85 4.7% = (550 / 11,700) * 100
20271,250 5.40% notes5.40 10.7% = (1,250 / 11,700) * 100
202826 6.35% debentures6.35 0.2% = (26 / 11,700) * 100
20281,850 4.40% notes4.40 15.8% = (1,850 / 11,700) * 100
2029750 5.05% notes5.05 6.4% = (750 / 11,700) * 100
2029400 2.90% notes2.90 3.4% = (400 / 11,700) * 100
2031650 1.80% notes1.80 5.6% = (650 / 11,700) * 100
2031750 5.25% notes5.25 6.4% = (750 / 11,700) * 100
20331,500 5.40% notes5.40 12.8% = (1,500 / 11,700) * 100
2034750 5.35% notes5.35 6.4% = (750 / 11,700) * 100
2035400 4.854% notes4.854 3.4% = (400 / 11,700) * 100
2040300 6.15% notes6.15 2.6% = (300 / 11,700) * 100
2045500 5.054% notes5.054 4.3% = (500 / 11,700) * 100
2053500 5.60% notes5.60 4.3% = (500 / 11,700) * 100
2054600 5.50% notes5.50 5.1% = (600 / 11,700) * 100

Competitors mentioned in the company's latest 10K filing.

CompanyDescription

Competes in highly-competitive markets sensitive to technological advances, with some competitors being larger and capable of maintaining higher levels of R&D expenditures.

Competes in highly-competitive markets sensitive to technological advances, with some competitors being larger and capable of maintaining higher levels of R&D expenditures.

Competes in highly-competitive markets sensitive to technological advances, with some competitors being larger and capable of maintaining higher levels of R&D expenditures.

Competes in highly-competitive markets sensitive to technological advances, with some competitors being larger and capable of maintaining higher levels of R&D expenditures.

Competes in highly-competitive markets sensitive to technological advances, with some competitors being larger and capable of maintaining higher levels of R&D expenditures.

Competes in highly-competitive markets sensitive to technological advances, with some competitors being larger and capable of maintaining higher levels of R&D expenditures.

Thales

Competes in highly-competitive markets sensitive to technological advances, with some competitors being larger and capable of maintaining higher levels of R&D expenditures.

CustomerRelationshipSegmentDetails

U.S. Government

Primary customer (includes DoD and other agencies)

All

76% of total revenue in FY2024 and FY2023, 74% in FY2022.

NameStart DateEnd DateReason for Change
Ernst & Young LLPAt least 1932 PresentCurrent auditor

Notable M&A activity and strategic investments in the past 3 years.

CompanyYearDetails

Aerojet Rocketdyne (AJRD)

2023

L3Harris completed the acquisition of AJRD for approximately $4.715 billion (including $58 per share), financed partly through $3.25 billion in long-term debt. The deal, finalized on July 28, 2023 after regulatory approval, strategically expands L3Harris’ capabilities in missile solutions, defense, and space exploration while adding over 5,000 employees and forming a new reportable segment.

Viasat Inc. Tactical Data Links (TDL)

2023

L3Harris completed the acquisition of Viasat’s TDL product line on January 3, 2023, at a purchase price of approximately $1.974 billion, financed via a $2.25 billion term loan. This acquisition enhances L3Harris’ networking capabilities, providing access to the critical Link 16 waveform for JADC2 objectives, and is reported within its Communication Systems segment.

Recent press releases and 8-K filings for LHX.

L3Harris reports Q3 2025 earnings and raises guidance
·$LHX
Earnings
Guidance Update
New Projects/Investments
  • L3Harris delivered $6.6 billion in orders (book-to-bill of 1.2), $5.7 billion in revenue (+10% organic) and 15.9% segment margin; non-GAAP EPS was $2.70 and free cash flow was $450 million in Q3 2025.
  • The company raised its full-year 2025 outlook to $22 billion in revenue (+6% organic), non-GAAP EPS of $10.50–$10.70, and reiterated free cash flow guidance of $2.65 billion.
  • Aerojet Rocketdyne saw record backlog of $8.3 billion, with mid-teens organic growth and expanded production capacity for interceptors and space propulsion.
  • Key international award: $2.2 billion contract from South Korea for airborne early warning aircraft, underlining global demand for missionized business jets.
  • Continued investment in U.S. manufacturing footprint—Alabama, Arkansas, Virginia, Indiana, Florida—plus increased IRAD spending to support national defense modernization.
4 hours ago
L3Harris reports Q3 2025 results and raises guidance
·$LHX
Earnings
Guidance Update
  • Orders of $6.7 billion and revenue of $5.7 billion, up 7% year-over-year and 10% organically
  • GAAP operating margin of 11.0% and adjusted segment operating margin of 15.9%
  • GAAP diluted EPS of $2.46 and non-GAAP diluted EPS of $2.70, a 10% increase versus prior year
  • Increased full-year 2025 guidance to approximately $22 billion in revenue and $10.50–$10.70 in non-GAAP diluted EPS
10 hours ago
L3Harris Technologies reports Q3 2025 results and raises guidance
·$LHX
Earnings
Guidance Update
  • Reported Q3 orders of $6.7 billion with a 1.2× book-to-bill ratio.
  • Q3 revenue of $5.7 billion, up 7% YoY (10% organic); GAAP operating margin 11.0% and adjusted segment margin 15.9%.
  • Q3 diluted EPS of $2.46; non-GAAP EPS of $2.70, up 10% YoY.
  • Raised full-year 2025 guidance to ~$22 billion revenue and $10.50–$10.70 non-GAAP EPS.
10 hours ago
L3Harris selected by South Korea for AEW&C aircraft program
·$LHX
New Projects/Investments
  • L3Harris secured a $2.26 billion contract to deliver modified Bombardier Global 6500 airborne early warning and control aircraft to the Republic of Korea Air Force.
  • The program unites L3Harris with Bombardier, Israel Aerospace Industries’ ELTA Systems and Korean Air to integrate advanced radar, communications and sustainment solutions.
  • The new aircraft will fly faster, with longer endurance and higher-altitude operations, providing combat-proven radar coverage and interoperability with U.S., NATO and coalition forces.
  • Korean industry partners will lead the aircraft’s operation, maintenance and meet any future manufacturing requirements.
Oct 19, 2025, 11:00 PM
L3Harris expands VAMPIRE system with six specialized variants
·$LHX
Product Launch
  • L3Harris introduced six specialized variants of its VAMPIRE counter-drone system for land, maritime, air, and electronic warfare missions, enhancing detection and neutralization across domains.
  • The naval variant uses laser-guided munitions adapted from BAE’s APKWS to engage moving and aerial targets, offering the U.S. Navy an affordable missile defense alternative.
  • Operational since 2023 in Europe, VAMPIRE users have shot down hundreds of enemy drones, demonstrating combat effectiveness while reducing costs versus traditional missile systems.
  • Future upgrades include radar integration, additional kinetic weapons, and enhanced non-kinetic effects to sustain operational superiority.
Oct 9, 2025, 2:34 PM
L3Harris announces new VAMPIRE system variants
·$LHX
Product Launch
  • L3Harris Technologies expanded its VAMPIRE™ system to include specialized land, maritime, air and electronic warfare variants to counter small unmanned threats.
  • The self-contained platform delivers advanced reconnaissance and precision strike capabilities and has supported European combat operations since 2023.
  • New variants integrate additional sensors, precision weapons, electronic jammers and non-kinetic effects, leveraging AI/ML for faster threat detection and engagement.
  • VAMPIRE offers a lower cost per effect compared to traditional missile systems, meeting urgent defense needs of the U.S. Department of War and allied partners.
Oct 9, 2025, 1:00 PM
L3Harris selected to upgrade Poland’s F-16s
·$LHX
New Projects/Investments
  • Poland will procure the AN/ALQ-254 Viper Shield™ electronic warfare system for its F-16 Block 52+ fleet via the U.S. government.
  • The upgrade aligns Poland’s Block 52+ aircraft with the advanced EW capabilities of the F-16 Block 70 variant.
  • L3Harris offers software-defined, modular installation options—integrated, retrofit, or external pod—to ensure battlefield relevance.
  • The company is already supplying EW suites to seven countries and is in talks with additional U.S. allies.
Aug 28, 2025, 12:00 PM
L3Harris expands Florida satellite facility for Golden Dome program
·$LHX
New Projects/Investments
  • $100 million expansion adds 94,000 sq ft to Palm Bay integration and test facility to support DoD’s Golden Dome missile defense initiative
  • Facility will produce next-generation satellites for hypersonic missile tracking, with 34 satellites in development and 5 already on orbit
  • Expansion aims to accelerate production of proven hardware for national missile warning and defense, aligning with President Trump’s $175 billion Golden Dome project and creating high-skill jobs
  • L3Harris CEO emphasizes readiness to compete with major defense contractors Lockheed Martin and Boeing for broader Golden Dome contracts
Aug 21, 2025, 7:13 PM
L3Harris launches NTS-3 satellite
·$LHX
Product Launch
  • The US Space Force successfully launched the advanced NTS-3 satellite built by L3Harris on a ULA Vulcan rocket from Cape Canaveral.
  • NTS-3 is the Department of Defense’s first experimental navigation satellite in nearly 50 years and the first fully reprogrammable PNT system for GPS-denied environments.
  • L3Harris delivered the satellite three times faster and at lower cost, with a smaller, lighter, modular design scalable for future PNT payloads.
  • The ULA Vulcan rocket used two L3Harris RL10 engines (combined thrust ~48,000 lbs) and 12 MR-107 thrusters, alongside avionics like the T-740U transmitter for precise orbit insertion.
Aug 13, 2025, 2:45 PM
L3Harris debuts launched effects vehicles
·$LHX
Product Launch
New Projects/Investments
  • L3Harris introduced its Red Wolf and Green Wolf launched effects vehicles to meet the U.S. DoD’s need for multi-domain munitions deployable from air, ground or maritime platforms.
  • Red Wolf offers long-range kinetic precision strike capabilities, while Green Wolf provides electronic warfare attack and detection functionalities.
  • Both systems feature modular, recoverable designs supporting in-flight retargeting and swarming; 40+ test flights completed with low-rate initial production of dozens of systems by end of 2025.
Jul 17, 2025, 6:00 PM