L3Harris Technologies Overview
Pro stress-test →L3Harris Technologies is an American aerospace and defense technology company headquartered in Melbourne, Florida, specializing in secure communication systems, night vision, avionics, space and airborne systems, and surveillance solutions. With 2025 revenue hitting $21.9 billion, the company is demonstrating a measurable shift in market dominance through its pivot toward high-demand munitions and electronic warfare.
Strategic Profile
Pro stress-test →The company's LHX NeXt transformation initiative exceeded its 2024 cost-savings target of $800 million and raised its goal to $1.2 billion by the end of 2025. The company maintains a strong backlog exceeding $38B with a book-to-bill ratio of 1.3. For 2026, L3Harris is guiding to revenue of $23.0B-$23.5B representing 7% organic growth with segment operating margin in the low 16% range and free cash flow guidance of $3.0B.
Competitive Landscape
Pro stress-test →L3Harris competes among peers as defense spending lifts demand for unmanned and missile systems. Primary competitors include Raytheon Technologies, Lockheed Martin, Northrop Grumman, and General Dynamics in aerospace and defense. L3Harris differentiates through specialized capabilities in secure communications, night vision, fuzing systems, and integrated mission platforms serving defense, intelligence, and commercial sectors.
Industry Context
L3Harris Technologies operates in Aerospace & Defense.
Key facts
Founded: 2019 · Headquarters: Melbourne, Florida, US · Revenue: $21.9B · Market cap: $115B