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L3Harris Technologies, Inc. (NYSE: LHX) is a dynamic global aerospace and defense technology innovator, providing advanced solutions to meet mission-critical needs across multiple domains including space, air, land, sea, and cyber. With an annual revenue of approximately $18 billion and a workforce of 47,000 employees, L3Harris serves customers in over 100 countries.
The company specializes in C4ISR systems, which encompass command, control, communications, computers, intelligence, surveillance, and reconnaissance. L3Harris also produces uncrewed aerial vehicles, sophisticated sensors, and avionics systems, and offers military and commercial training services. Notably, it maintains the U.S. Federal Aviation Administration's communications infrastructure, ensuring seamless operations and safety.
In July 2023, L3Harris acquired Aerojet Rocketdyne, a prominent supplier of rocket motors, bolstering its capabilities in the space and defense industry. This acquisition marks a significant step in expanding the company’s portfolio and enhancing its role in critical aerospace systems.
Recent developments include the creation of the Fisica platform through the sale of certain antenna and test equipment businesses to Kanders & Company for $200 million. This strategic move is expected to foster growth and innovation in the defense sector.
Additionally, L3Harris has entered into a five-year contract with Iridium Communications for the Iridium® Satellite Time and Location (STL) service. This partnership ensures robust timing synchronization for L3Harris’s nationwide communication networks, crucial for supporting the National Airspace System operations.
L3Harris is committed to delivering cutting-edge technologies and services that address the evolving demands of defense and commercial markets. With a solid financial foundation and strategic partnerships, the company is well-positioned for future growth and success.
L3Harris Technologies has achieved a significant milestone in developing a missile tracking satellite prototype for the Space Development Agency. The completion of the Preliminary Design Review establishes the spacecraft’s design baseline, advancing the project for rapid deployment. With a contract valued at
L3Harris Technologies (NYSE:LHX) is expanding its campus in
L3Harris Technologies (NYSE:LHX) has secured a
L3Harris Technologies (NYSE:LHX) celebrates a century of supporting the UK's defence and security by signing the Armed Forces Covenant. This covenant demonstrates the company's commitment to veterans and military personnel, providing career development and educational support. L3Harris also pledged £20,000 to
L3Harris Technologies (NYSE: LHX) has secured a significant 10-year,
L3Harris Technologies (NYSE:LHX) has formed a coalition with five international defense companies to pursue the Alliance Future Surveillance and Control (AFSC) program for NATO, aiming to enhance military capabilities by replacing its Airborne Warning and Control System by 2035. The partnership emphasizes a platform-agnostic approach, focusing on multi-domain surveillance and control capabilities. This initiative follows a previous High Level Technical Concept study delivered to NATO, highlighting the team's commitment to innovation and collaboration for national defense.
L3Harris Technologies (NYSE: LHX) launched the Hawkeye 4 Lite, a portable satellite communications terminal designed for rapid deployment and maneuverability in complex environments. Weighing less than previous models, it provides high-speed data communications for C5ISR, Internet, and video transmission. This innovation reflects L3Harris' commitment to enhancing decision-making capabilities for warfighters. The terminal includes advanced technologies such as Viewsat-E GUI and GATEKEEPER™, ensuring efficient operation in the field.
L3Harris Technologies has been awarded a contract worth
Communications & Power Industries (CPI) has signed a definitive agreement to acquire L3 ESSCO, a leader in manufacturing metal space frame ground radomes from L3Harris Technologies (NYSE: LHX). The acquisition is set to enhance CPI's capabilities in the defense and government sectors, enabling the development of larger radomes crafted from alternative materials. The deal, expected to close by the end of 2021, aims to combine CPI's expertise in airborne and shipboard radomes with ESSCO's advanced technology, thereby broadening CPI's product portfolio.
L3Harris Technologies (NYSE:LHX) is enhancing its Melbourne, Florida satellite production facility to include advanced unclassified satellite capabilities for national defense. The facility, spanning over 100,000 square feet, will enable the development and testing of the Navigation Technology Satellite-3 (NTS-3) and other small-to-medium responsive satellites for urgent Department of Defense missions. Recent upgrades allow the production of multiple satellites monthly, aiming for an output of six satellites by year-end. Currently, eight satellites are operational, with ten in development.
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