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L3Harris Technologies

Logo: L3Harris Technologies, Public domain, via Wikimedia Commons5

American defense and electrical equipment manufacturer

L3Harris Technologies, Inc. is an American technology company, defense contractor, and information technology services provider that produces products for command and control systems, wireless equipment, tactical radios, avionics and electronic systems, night vision equipment, intelligence, surveillance and reconnaissance (C3ISR) systems and products, ocean systems, instrumentation, navigation products, training devices and services, and both terrestrial/spaceborne antennas for use in the government, defense, and commercial sectors.3 From Wikipedia, CC BY-SA 4.0

$241.61 up 4.11 (1.73%)Price as of Oct 15, 2026 at 19:45 UTC

Last updated Oct 16, 2026.

Overview

$1.6BNet income, fiscal 20266
Jun 29, 2019Founded1

Compare with Northrop Grumman Corporation, Garmin Ltd. or Teledyne Technologies, or pick any stock.

  • TickerLHX on NYSE1
  • Industrydefence industry, geospatial industry, weapons industry1
  • HeadquartersMelbourne1
  • Websitewww.l3harris.com
  • Legal formcorporation1
  • Incorporated inDE7
  • Business address1025 W Nasa Blvd, Melbourne, Fl 329197
  • Filer categoryLarge accelerated filer7

L3Harris Technologies, Inc. is an American technology company, defense contractor, and information technology services provider that produces products for command and control systems, wireless equipment, tactical radios, avionics and electronic systems, night vision equipment, intelligence, surveillance and reconnaissance (C3ISR) systems and products, ocean systems, instrumentation, navigation products, training devices and services, and both terrestrial/spaceborne antennas for use in the government, defense, and commercial sectors.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

9.0%Operating margin6
7.0%Net margin6
7.7%Return on equity6
0.57×Debt to equity6
$2.2BFree cash flow6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Product brought in 71% of the revenue L3Harris Technologies broke down this way in fiscal 2025.

  1. Product$15.5B671%up 2% from 2024
  2. Service$6.4B629%up 3% from 2024
Products and services by year
Products and services202320242025
Product$13.7B$15.1B$15.5B
Service$5.7B$6.2B$6.4B

Business segments

Space and Airborne Systems brought in 31% of the revenue L3Harris Technologies broke down this way in fiscal 2025.

  1. Space and Airborne Systems$6.9B631%up 1% from 2024
  2. Integrated Mission Systems$6.6B630%up 0% from 2024
  3. Communication Systems$5.7B626%up 4% from 2024
  4. Aerojet Rocketdyne$2.8B613%up 10% from 2024
Business segments by year
Business segments202320242025
Space and Airborne Systems$6.9B$6.9B$6.9B
Integrated Mission Systems$6.4B$6.6B$6.6B
Communication Systems$5.1B$5.5B$5.7B
Aerojet Rocketdyne$1.2B$2.6B$2.8B

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue74¢$15.8B
  • Selling, general and admin17¢$3.6B
  • Other costs2¢$369.0M
  • Income tax0¢$85.0M
  • Profit7¢$1.5B

Out of $21.3B in revenue.6

Where each dollar of operating cash went, fiscal 2025

  • Capital spending16¢$408.0M
  • Dividends paid35¢$886.0M
  • Share buybacks22¢$554.0M
  • Kept or used elsewhere28¢$711.0M

Out of $2.6B of cash from operations.6

Financial statements

Revenue910116$21.3B in 2025+214% since 2019
0$10.0B$20.0B$30.0B2019: $6.8B$6.8B20192020: $12.9B$12.9B2020+89%2021: $17.8B$17.8B2021+39%2022: $17.1B$17.1B2022−4%2023: $19.4B$19.4B2023+14%2025: $21.3B$21.3B2025+10%
Operating income910116$1.9B in 2025+33% since 2019
0$1.0B$2.0B$3.0B2019: $1.4B$1.4B20192021: $2.1B$2.1B2021+46%2022: $1.1B$1.1B2022−47%2023: $1.4B$1.4B2023+27%2025: $1.9B$1.9B2025+35%
Net income910116$1.5B in 2025+58% since 2019
0$500.0M$1.0B$1.5B$2.0B2019: $949.0M$949.0M20192020: $1.3B$1.3B2020+40%2021: $1.8B$1.8B2021+38%2022: $1.1B$1.1B2022−42%2023: $1.2B$1.2B2023+16%2025: $1.5B$1.5B2025+22%

Every line of the income statement in the latest annual report, as filed.6

Period ending2025-12-312024-12-312023-12-31
Revenue$21.3B$19.4B
Cost of revenue-$15.8B-$14.3B
General and administrative expenses-$3.4B-$3.6B-$3.3B
Impairment of goodwill and other assets-$85.0M-$38.0M-$374.0M
Operating income$2.1B$1.9B$1.4B
Non-service FAS pension income and other, net$419.0M$338.0M
Interest expense, net-$597.0M-$543.0M
Income before income taxes$1.9B$1.6B$1.2B
Income taxes-$326.0M-$85.0M-$23.0M
Net income$1.6B$1.5B$1.2B
Noncontrolling interests, net of tax$0-$10.0M$29.0M
Net income attributable to L3Harris$1.6B$1.5B$1.2B
Basic (in dollars per share)$8.57$7.91$6.47
Diluted (in dollars per share)$8.53$7.87$6.44

Compare L3Harris Technologies with another company

The story

L3 Technologies and Harris Corporation

The "Harris Automatic Press Company" was founded by Alfred S. Harris in Niles, Ohio, in 1895. The company spent the next 60 years developing lithographic processes and printing presses before acquiring typesetting company Intertype Corporation. In 1967, they merged with Radiation, Inc. of Melbourne, Florida, a developer of antenna, integrated circuit, and modem technology used in the space race. The company headquarters was moved from Cleveland to Melbourne in 1978. In May 2015, Harris finalized the purchase of competitor Exelis Inc., almost doubling the size of the original company.

L-3 Communications was formed in 1997 to acquire certain business units from Lockheed Martin that had previously been part of Loral Corporation. These units had belonged to Lockheed Corporation and Martin Marietta, which had merged three years before in 1993. The company was founded by, and named for, Frank Lanza and Robert LaPenta in partnership with Lehman Brothers. Lanza and LaPenta had both served as executives at Loral and Lockheed. The company continued to expand through mergers and acquisitions to become one of the top ten U.S. government contractors. At the end of 2016, the company changed its name from L-3 Communications Holdings, Inc. to L3 Technologies, Inc. to better reflect the company's wider focus since its founding in 1997.

Between 1999 and August 2021, L3Harris and predecessors spent $131.9 million lobbying for radio procurement for ICE and CBP ($20,000), the Intelligence Authorization Act, the National Defense Authorization Act, and Defense appropriations ($1,510,000), DHS fund appropriations for unmanned vehicles ($430,000), and night vision systems research ($20,000).

In 2008, 72 Iraqi civilians sued L3 Services for human rights violations they had endured at Abu Ghraib and other prisons in Iraq, including "torture; cruel, inhuman, or degrading treatment; war crimes; assault and battery; sexual assault and battery; intentional infliction of emotional distress; negligent hiring and supervision; and negligent infliction of emotional distress." A settlement was reached on October 10, 2012, which was the "first positive resolution to a U.S. civil case challenging detainee treatment outside the United States in the larger 'war on terror' context".

In 2012, L3 subsidiary KDI Precision Products participated in the sale of 11,500 JDAM bomb fuzes to Israel, part of a $647 million contract deal. These were among the weapons used by the IDF in the 2014 Gaza War; the U.N. High Commissioner for Human Rights highlighted the IDF's weapons usages, which included attacks on densely populated civilian areas, as constituting potential war crimes.

Post-merger

In October 2018, Harris and L3 announced an all-stock "merger of equals". As part of that deal, Harris was required to sell its night vision division. The reasoning was that a merger of Harris and L3's night vision departments would create an effective monopoly on the night vision industry. The merger was completed in June 2019. The new company, L3Harris Technologies, Inc., is based in Melbourne, Florida, where Harris was headquartered. The new company was led by former Harris CEO William M. Brown as the Chairman and CEO, with former L3 CEO as the President and COO. In June 2021, Brown turned over the role of CEO to Chris Kubasik, retaining the title of Executive Chair, and Kubasik adding the title of Vice Chair.

Between 2006 and July 2021, L3Harris was awarded 136 U.S. Customs and Border Protection and Immigration and Customs Enforcement contracts totalling $308.2 million, "as well as six blanket purchase orders potentially worth up to $6 billion".

In 2018, L3Harris acquired two Australian zero-day exploit development companies, Azimuth Security and Linchpin Labs, which were merged as Trenchant. The two companies are reportedly suppliers of zero-day exploits for the Five Eyes and the Federal Bureau of Investigation.

Read the full text

In 2019, L3Harris paid $13 million to settle allegations that Harris, before the merger, violated Arms Export Control Act and International Traffic in Arms Regulations regulations. According to a proposed charging letter Harris Corporation violated AECA (22U.S.C.2751 et seq.) and ITAR (22 CFR parts 120–131) for a total of 131 separate violations.

In January 2022, L3Harris reorganized its business structure, eliminating the Aviation Systems business segment and distributing its divisions between the remaining three Integrated Mission Systems, Space & Airborne Systems, and Communications Systems segments.

In June 2022, Chris Kubasik succeeded as the Chair following Bill Brown's retirement. That same month it was reported to have held talks to purchase the Israeli company NSO, which builds Pegasus spyware. White House officials heard of the talks and voiced opposition, resulting in L3Harris discontinuing its plans.

In December 2022, L3Harris agreed to buy Aerojet Rocketdyne Holdings for $4.7 billion in cash. The acquisition was completed on 28 July 2023.

In October 2025, Israel entered into a memorandum of understanding with L3Harris to facilitate the acquisition of new light attack aircraft intended for border defense, aimed at developing the Israeli Sky Warden variant.

In January 2026, L3Harris agreed to sell a majority stake in the Aerojet Rocketdyne "Space Propulsion and Power Systems" sector to AE Industrial Partners, who will spin off the business under the name "Rocketdyne". The deal includes the RL10 upper stage engine used on the Vulcan rocket, but not the RS-25 engine used by the Space Launch System. The remaining Missile Solutions business is planned to undergo an IPO as a new company, with L3Harris retaining controlling ownership and the US Government investing $1 billion. Both transactions are expected to be completed in the second half of 2026.

In June 2026, during the Eurosatory defence exhibition in Paris, Baykar subsidiary Skydagger signed a memorandum of understanding (MoU) with L3Harris Technologies for the integration of its interceptor drone technologies, including the Hunter variant, into L3Harris’s VAMPIRE counter-unmanned aerial system (C-UAS) platform.

From Wikipedia’s article on L3Harris, shared under CC BY-SA 4.0.8

Products and brands

Business organization

As of 2026, L3Harris is organized under three business segments: Space & Mission Systems, Communications and Spectrum Dominance, and Missile Solutions. It is led by a 13-member board of directors, including Chairman Lewis Hay III and board member and CEO Sam Mehta, following the departure of former Chair and CEO Chris Kubasik.

Space and Mission Systems

Space and Mission Systems specializes in space mission, payloads, and sensors for satellite navigation, ISR, weather, and missile defense; ground systems for space command and control and tracking; optical and wireless networking for situational awareness and air traffic management; defense avionics; and electronic warfare countermeasures; intelligence, surveillance, and reconnaissance (ISR) and signals intelligence systems; electrical and electronic systems for maritime use; electro-optical systems including infrared, laser imaging, and targeting systems; defense aviation systems including weapons systems and unmanned aerial vehicles or UAVs (commonly known as drones), and commercial aviation services including the L3Harris Airline Academy. It comprises divisions including some of those formerly in the Aviation Systems segment and Wescam.

In November 2023, L3Harris announced that it would sell its Commercial Aviation Solutions business to The Jordan Company for up to $800 million. The sale was completed in March 2025, and the business was renamed Acron Aviation.

Communications & Spectrum Dominance

Communications & Spectrum Dominance specializes in tactical communications, broadband communications, night vision (inherited from L3 Technologies, unrelated to night vision developed by Harris, ITT, or Exelis), and public safety.

Read the full text

Missile Solutions

Missile Solutions consists of the "Missile Systems" segment acquired from Aerojet Rocketdyne, plus the RS-25 engine product line. L3Harris agreed to sell the "Space Propulsion and Power Systems" segment of Aerojet Rocketdyne to AE Industrial Partners in 2026, who will spin it off under the business under the name "Rocketdyne". The remaining Missile Solutions segment will be spun off as a new company in the second half of 2026 via an IPO, with L3Harris retaining controlling ownership and the US Government investing $1 billion.

Products

AVCATT, a mobile aviation training simulator

StingRay and Hailstorm phone trackers

OpenSky wireless communication system

TCAS, FDR & CVR products of the Aviation Communication & Surveillance Systems product line, serviced and managed by OEMServices Divested in 2025 with the Commercial Aviation Solutions business; now part of Acron Aviation.

hC2 L3Harris Command and Control Battle Management Software Suite—former "Harris Command and Control"

Integrated Core Processor, main aircraft computer in F-35 Lightning II and in C-130J Super Hercules

GPNVG-18, a night vision device that utilises four night vision tubes to give the user a wider field of view

AN/PVS-31A BNVD and 1531 BNVD. Binocular articulating night vision devices - standard issue goggle for US SOCOM.

Azimuth, technology enabling access to data from locked mobile phones. L3Harris acquired Azimuth in 2018 through an acquisition of Australian company Azimuth Security.

Red Wolf and Green Wolf Missiles, kinetic strike missile and electronic warfare/intelligence missile, respectively

L3Harris AEWC using Gulfstream G550 as AERIS A or Bombardier Global 6500 as AERIS X

From Wikipedia’s article on L3Harris, shared under CC BY-SA 4.0.8

Subsidiaries and ownership

Subsidiaries

From Wikidata.1

Acquisitions

  1. Jul 27, 2023Aerojet Rocketdyne Holdings became a subsidiary1
  2. Succeeded Exelis Inc.1
  3. Succeeded Harris Corporation1
  4. Succeeded ITT Corporation1
  5. Succeeded L3 Technologies1

Former names

  • HARRIS CORP /DE/Sep 9, 1994 to Jun 25, 20197

Timeline

  1. Jul 1, 2019Went public Listed on NYSE1
  2. Jun 29, 2019Founded Founded1

Recent filings

  1. Oct 2, 20264
  2. Oct 2, 20264
  3. Oct 2, 20264
  4. Oct 2, 20264
  5. Sep 11, 2026144
  6. Sep 10, 2026144
  7. Sep 2, 20264
  8. Sep 2, 20264
  9. Sep 2, 20264
  10. Aug 25, 20263
  11. Aug 25, 20263
  12. Aug 17, 20268-K
  13. Aug 12, 2026SCHEDULE 13G/A
  14. Aug 3, 20263
  15. Aug 3, 20264

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2