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Overview of L3Harris Technologies Inc
L3Harris Technologies is a global innovator in the aerospace and defense sectors, delivering comprehensive technology solutions in C4ISR, sensor systems, and integrated communications. Serving both government and commercial markets, the company specializes in mission-critical technologies that ensure secure command and control across air, space, land, sea, and cyber domains.
Core Business and Operations
The company expertly integrates advanced defense, surveillance, and communication systems to address the most demanding operational challenges. Its portfolio spans uncrewed aerial vehicles, sophisticated avionics, radar and sensor solutions, and training services that enhance both military and commercial capabilities. L3Harris operates across multiple domains by offering end-to-end solutions, ensuring interoperability and robust performance in complex environments.
Integrated Technology and Market Significance
At the heart of its operations, L3Harris delivers state-of-the-art command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR) solutions. These systems enable real-time data collection, rapid threat analysis, and the seamless integration of disparate information networks. The company’s technological innovation not only supports national security initiatives but also provides critical infrastructure solutions, such as maintaining robust communication networks for aviation authorities.
Strategic Partnerships and Expansion
L3Harris leverages strategic collaborations and acquisitions to enhance its technological reach and market position. By integrating complementary technologies, such as those in autonomous systems and electronic warfare, the company continually diversifies its product offerings. Recent alliances with other technology innovators have bolstered its capabilities in dynamic environments, exemplifying its agility in adapting to modern warfare and commercial market needs.
Competitive Landscape and Differentiators
The competitive environment in the aerospace and defense industry demands not only technological sophistication but also reliability under high-stakes conditions. L3Harris distinguishes itself through its comprehensive approach—delivering integrated systems that ensure operational superiority and enhanced decision-making capabilities in the field. Its ability to combine hardware, software, and service components into unified, scalable solutions sets it apart from peers.
Commitment to Excellence and Industry Expertise
Operating at the frontier of aerospace and defense technology, L3Harris exhibits a deep commitment to research, development, and continual improvement. The company’s focus on agile, end-to-end solutions is supported by its use of advanced technologies and a dedicated workforce, resulting in trusted innovations that consistently meet critical mission requirements. This balanced, expertise-driven approach reinforces its reputation as a reliable partner in both defense and commercial sectors.
Technical Innovation and Future-Ready Solutions
Utilizing a robust suite of technologies—from sensor integration to advanced electronic warfare systems—L3Harris is equipped to address current and emerging operational challenges. Their emphasis on real-time data processing and adaptive system management is fundamental in empowering users to operate effectively in high-threat environments. The company continues to integrate cutting-edge advancements, ensuring that its solutions remain at the forefront of technological evolution.
Conclusion
In summary, L3Harris Technologies represents a multifaceted enterprise that excels in delivering critical aerospace, defense, and communications solutions. Its comprehensive approach, strategic industry partnerships, and dedicated focus on advanced technologies ensure that it remains a pivotal force in supporting mission-critical operations across the globe.
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.
L3Harris Technologies (NYSE:LHX) has secured a 5-year, $96 million contract from the U.S. Special Operations Command for WESCAM MX™ sensor systems. This contract aims to enhance the U.S. Army Special Operations Aviation Command's sensor capabilities. The WESCAM MX-10D and MX-15D systems will provide advanced multi-spectral imaging for various aircraft. This win is notable as it follows a previous $454 million contract with the U.S. Army for the Tactical Unmanned Air Systems Shadow UAV program, solidifying L3Harris' position in military aviation technology.
L3Harris Technologies (NYSE:LHX) has received a $393 million contract from the U.S. Navy to implement Increments II and III of the Undersea Warfare Training Range (USWTR). This contract follows nearly a decade of work on Increment I, which involved the installation of systems in a 500-square-nautical-mile area near Jacksonville, Florida. The new increments will enhance sites in Hawaii, the Bahamas, and Southern California, enabling naval forces to improve anti-submarine warfare training through advanced undersea technologies.
L3Harris Technologies (NYSE: LHX) reported Q2 2021 revenue of $4.7 billion, a 5% increase year-over-year, with GAAP net income surging 49% to $413 million. Adjusted EBIT rose 7.3% to $869 million, and adjusted EBIT margin improved by 40 bps to 18.6%. GAAP EPS reached $2.01, up 55%, and non-GAAP EPS was $3.26, a 15% rise. The company highlights its merger's value creation, raising guidance for 2021. Segments showed organic revenue growth of 12% in Integrated Mission Systems and 4.7% in Aviation Systems, with a positive outlook for long-term value creation.
The Board of Directors of L3Harris Technologies (NYSE:LHX) has announced a quarterly cash dividend of $1.02 per share for common stock. This dividend is payable on September 17, 2021, to shareholders recorded as of the close of business on September 3, 2021. L3Harris is a leading aerospace and defense technology innovator, generating approximately $18 billion in annual revenue and employing around 48,000 people globally, serving customers in over 100 countries.
L3Harris Technologies (NYSE:LHX) announced that Vice Chair and CEO Chris Kubasik, along with Senior Vice President and CFO Jay Malave, will present at the Jefferies Virtual Industrials Conference on August 3, 2021, at 3:00 p.m. ET. Their remarks will be available via a listen-only stream on L3Harris.com. A replay will be accessible for seven days after the event. L3Harris is a global leader in aerospace and defense technology with annual revenues of approximately $18 billion and a workforce of 48,000 employees.
L3Harris Technologies (NYSE:LHX) will host a conference call on August 3, 2021, at 8:30 a.m. ET to discuss its second quarter 2021 financial results. Participants can connect via U.S. dial-in (877-407-6184) or International dial-in (201-389-0877). Listeners are encouraged to join the webcast and view the management's slide presentation on L3Harris.com. A recording will be available post-call at around 12 p.m. ET on August 3.
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