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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.
The U.S. Air Force has awarded L3Harris Technologies (NYSE:LHX) a five-year contract valued up to $668 million to maintain its C-130 aircraft fleet readiness. L3Harris will perform sustainment at its 1.1 million-square-foot center in Waco, Texas, which is equipped for comprehensive missionization and aircraft services. This contract supports the Air National Guard, Air Force Reserve, and other military branches, helping to alleviate capacity constraints within the Air Logistics complexes. L3Harris emphasizes its extensive C-130 experience and skilled personnel as key assets in fulfilling this contract.
L3Harris Technologies (NYSE:LHX) has secured contracts worth $233 million from the Australian Defence Force to provide secure communications and advanced night vision technology. The contracts include a three-year, $115 million follow-on contract for cryptographic modernization and $118 million for enhanced night vision capabilities. These technologies aim to bolster the situational awareness and safety of Australian soldiers. Both contracts will feature in-country support and repair services in Australia.
L3Harris Technologies (NYSE:LHX) has successfully completed a technology demonstration for the U.S. Space Force, showcasing a Multi-Band Multi-Mission (MBMM) phased array ground antenna system.
This innovative system enables 16 simultaneous satellite contacts, significantly enhancing communication capabilities while lowering infrastructure costs. The demonstration confirmed live contacts across multiple orbital regimes at Schriever Air Force Base, reflecting L3Harris's commitment to meeting the growing satellite mission demands.
The U.S. Navy has awarded L3Harris Technologies a five-year, $496 million contract to develop prototype tactical jamming pods. These Next Generation Jammer Low Band (NGJ-LB) systems enhance U.S. air superiority by providing advanced jamming capabilities across a broad spectrum.
Eight operational pods will be delivered for fleet assessment, replacing the aging ALQ-99 Tactical Jamming System. This contract underscores L3Harris's commitment to supporting the Navy's mission and addressing operational gaps, promoting the company's position as a strong technology provider.
L3Harris Technologies (NYSE:LHX) will host a conference call on January 29, 2021, at 8:30 a.m. ET to discuss its fourth quarter 2020 financial results. Participants can join via dial-in or webcast at L3Harris.com. A recording will be available after 12 p.m. ET on the same day. L3Harris is a leading aerospace and defense technology provider with approximately $18 billion in annual revenue and 48,000 employees, serving customers in over 100 countries.
L3Harris Technologies (NYSE:LHX) has secured a $57 million contract for its Falcon IV® AN/PRC-163 two-channel handheld radios from the U.S. Army under a two-channel Leader radio IDIQ contract. Deliveries are set to begin in early 2021. This award is significant as it enhances L3Harris's leadership in tactical communications, and the contract has a potential value of $3.9 billion over a 10-year term. The AN/PRC-163 supports multiple communication channels and is key to the Army’s Integrated Tactical Network.
L3Harris Technologies (NYSE:LHX) executives, Chairman and CEO William M. Brown and CFO Jay Malave, will present at Baird’s 2020 Virtual Global Industrial Conference on November 12, 2020. The presentation is scheduled to begin at 7:55 a.m. ET and will be available in a listen-only mode. Interested parties can access the live stream via this link. A replay will be accessible on the company's website for seven days post-event.
L3Harris, a leader in aerospace and defense technology, generates approximately $18 billion in annual revenue with a workforce of 48,000.
L3Harris Technologies (NYSE:LHX) has secured a firm-fixed price contract to missionize three King Air 350ER aircraft for the Canadian Department of National Defence as part of the CMAISR project. This initiative aims to enhance airborne intelligence, surveillance, and reconnaissance capabilities for deployed operations, incorporating advanced L3Harris systems such as full-motion video sensors and secure communications. Modifications will occur at L3Harris facilities in Texas and Quebec, with a commitment to on-time and on-budget delivery.
L3Harris Technologies (NYSE:LHX) reported Q3 2020 revenue of $4.5 billion, a 0.7% increase year-over-year, with a 4.4% organic growth. GAAP net income fell 1.1% to $430 million, while GAAP EPS rose 4.7% to $1.99. Adjusted EBIT increased 4.2% to $798 million, with a 17.9% margin. Revenue growth was primarily driven by Integrated Mission Systems and Space & Airborne Systems, despite a 16% decline in Aviation Systems due to COVID-19. The company also updated its 2020 guidance, anticipating revenue of ~$18.4 billion and increased EPS projections.
U.S. Special Operations Command has awarded L3Harris Technologies (NYSE:LHX) an $82 million order for the Falcon IV® AN/PRC-167 multi-channel manpack radio. This order is part of a larger $255 million IDIQ contract aimed at enhancing tactical communications. The AN/PRC-167 radio provides advanced capabilities, enabling interoperability with coalition forces and supporting a range of missions. The system is designed for various operational challenges and supports fast software updates for additional features.
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