L3Harris Technologies Inc
- Industry
- Aerospace & Defense
- Exchange
- US
- Country
- USA
- IPO date
- Dec 31, 1981
- Employees
- 45,000
- Website
- www.l3harris.com
Composite valuation range · conservative $210–$230 / fair $290–$320 / optimistic $375–$400. At $303.48, Within the fair intrinsic-value range.
At publication $313.47 (May 27, 2026)
Data from EODHD, shown in the reporting currency; for reference only, not investment advice.
L3Harris Technologies, Inc. provides mission-critical solutions for government and commercial customers worldwide. It operates through three segments: Space & Mission Systems (SMS), Communications & Spectrum Dominance (CSD), and Missile Solutions (MSL). The SMS segment integrates satellite and payload capabilities, including missile warning and defense, with maritime, air special missions, and other global defense and civil government programs. Its MSL segment unites propulsion, hypersonic, and other advanced missile technologies. The CSD segment provides tactical radios, software, waveforms, satellite terminals, and end-to-end battlefield systems for the U.S. Department of Defense, international, federal, and state agency customers; broadband communications; integrated vision solutions, such as helmet-mounted integrated night vision goggles with image intensifier tubes and weapon-mounted sights, aiming lasers, and range finders; and public safety radios and system applications and equipment. The company was formerly known as Harris Corporation and changed its name to L3Harris Technologies, Inc. in June 2019. L3Harris Technologies, Inc. was founded in 1895 and is headquartered in Melbourne, Florida.
History
L3Harris Technologies, Inc. was founded in 1895 and is headquartered in Melbourne, Florida. It was formerly known as Harris Corporation and changed its name to L3Harris Technologies, Inc. in June 2019. In 2023 it acquired Aerojet Rocketdyne. Since the merger the company has divested 13 non-core businesses (about $2 billion of non-core revenue) and completed two strategic acquisitions (about $2.7 billion of strategic-fit revenue). In 2026 it reorganized into three segments and brought a $1 billion government strategic investment into Missile Solutions (Aerojet Rocketdyne).
Industry position
L3Harris is a mid-to-large U.S. defense contractor operating through three segments: Space & Mission Systems (about $10.7 billion 2025 revenue), Communication & Spectrum Dominance (about $7.6 billion), and Missile Solutions (about $3.8 billion). About 76% of 2024 revenue came from U.S. government customers, with no other single customer above 5%. Backlog rose from $34.2 billion at end-2024 to $38.7 billion at end-2025 and $40.7 billion in Q1 2026. Its main comparables are Lockheed Martin, Northrop Grumman, RTX, General Dynamics, and Leidos; with a market cap of about $58.4 billion, LHX is smaller than RTX (about $241 billion), LMT (about $122.9 billion), and GD (about $93.2 billion) but larger than Leidos (about $16.1 billion).