L3Harris Technologies Inc. (HRS)

Overview

L3Harris Technologies, Inc. is a prominent provider of mission-critical solutions to a global client base that encompasses both government entities and commercial organizations. The company plays a crucial role in developing advanced technology solutions geared towards addressing the complex needs of its clients in various sectors, including defense, space, airborne systems, and communications. Originally established in 1895 and headquartered in Melbourne, Florida, L3Harris Technologies has undergone significant transformations, including a name change from Harris Corporation in June 2019, to better reflect its diversified technology portfolio and strategic focus on innovation and excellence in service provision.

Products and Services

L3Harris Technologies, Inc.'s vast array of products and services is segmented into various categories, each targeting specific customer needs and sectors:

• Integrated Mission Systems: This segment delivers a range of solutions including intelligence, surveillance, and reconnaissance (ISR) systems; passive sensing and targeting technologies; electronic attack capabilities; autonomy solutions; advanced power and communication systems; along with networks and sensors. These products are intricately designed to enhance combat readiness and operational effectiveness across air, land, and sea sectors.
• Space and Airborne Systems: Offering space payloads, sensors, and full-mission solutions, this segment also focuses on classified intelligence, cybersecurity, mission avionics, and electronic warfare systems. Additionally, it provides mission network systems for air traffic management operations, showcasing its wide-ranging capabilities in space and airborne domains.
• Communication Systems: Specializing in broadband communications, this division offers tactical radios and software, satellite terminals, and comprehensive battlefield systems tailored for the U.S. Department of Defense, international, federal, and state agency clientele. It also includes integrated vision solutions such as helmet-mounted night vision goggles, weapon-mounted sights, aiming lasers, and rangefinders, along with public safety radios and equipment for system applications.
• Aerojet Rocketdyne Segment: This part of L3Harris Technologies caters to the defense sector by providing advanced propulsion technologies and armament systems for strategic defense, missile defense, hypersonic, and tactical applications. It also delivers space propulsion and power systems essential for national security, space exploration, and missions, underscoring the company’s pivotal role in supporting defense and exploration initiatives.