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L3 Harris Technologies

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L3 Harris Technologies - Aerospace showcase

Year Founded & Workforce

2019

47,000 Employees

Industry

Aerospace

Services

UTM
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L3 Harris Technologies Overview

Company Headquarters: Melbourne, Florida, US

Founded: 2019

Workforce: ~47,000

Company Working: L3Harris Technologies, Inc. (L3Harris) is formed by the merger of L3 Technologies Inc. and Harris Corporation. The company provides technology-based solutions to address mission-critical challenges government and commercial customers face in the US and international markets. It operates through three business segments, namely, communication systems, space and intelligence systems, and electronic systems. It designs, develops, and manufactures radio communications products and systems, vision-enhancing products, wireless communications systems, and Internet protocol-based voice and data communications systems. Additionally, L3Harris provides electronic warfare, avionics, command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR) solutions for defense and classified customers and mission-critical communication systems for civil and military aviation customers.

Strategy

L3Harris is focused on expanding its business in Asia-Pacific and North America to increase its revenue and overall market share. It is also engaged in developing new products, especially those that require high levels of technological innovation. Furthermore, the company increased its productivity and output through partnerships with tech giants and small and medium-sized organizations.

Company Snapshot

$6,801M

Revenue

47,000

Employees

2019

Founded

Melbourne, Florida, US

Headquarters

SWOT Analysis

Strengths

  • Vast global presence
  • Extensive business segments
  • Focus on product diversification

Weaknesses

  • Dependence on the US market for revenue

Opportunities

  • Growing defense & aerospace industry, especially in India and China
  • Increasing demand for UTM systems

Threats

  • Stringent government regulations
  • Slow certification process

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Product Offering

  • L3 Harris Technologies
    • UTM

Financial Performance

Explore key financial metrics, segmented revenue, balance sheet health, and performance trends.

By Business Segment: Sales rose from USD 6,801 Mn in 2019 to USD 17,814 Mn in 2021.
L3 Harris Technologies — By Business Segment
Series (USD Mn)201920202021
Sales6,80118,19417,814

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