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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 .
- 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 .
- Space & Airborne Systems (SAS) - Includes space payloads, sensors, avionics, electronic warfare, and mission networks, contributing significantly to the company's operations .
- Communication Systems (CS) - Provides tactical communications, broadband solutions, and public safety radios .
- Aerojet Rocketdyne (AR) - Offers missile solutions and space propulsion systems .
| Name | Position | External Roles | Short 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. |
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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?
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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?
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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?
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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?
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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?
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
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. |
| Customer | Relationship | Segment | Details |
|---|---|---|---|
U.S. Government | Primary customer (includes DoD and other agencies) | All | 76% of total revenue in FY2024 and FY2023, 74% in FY2022. |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
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.
- The company reported $5.1 billion in revenue, an operating margin of 10.2%, and diluted EPS of $2.04 with non-GAAP diluted EPS of $2.41.
- It returned nearly $800 million to shareholders, including a share repurchase of $569 million.
- Updated 2025 guidance was announced following divestiture actions and strong Q1 performance.