L3HARRIS TECHNOLOGIES, INC. /DE/ (LHX)

L3Harris Technologies, Inc. is a defense technology company positioned as a "Trusted Disruptor" in the industry, delivering end-to-end solutions across space, air, land, sea and cyber domains for national security customers in over 100 countries, with primary customers being U.S. Government departments and agencies, their prime contractors, and international allies. The company operates through four reportable segments (with a streamlining to three segments beginning fiscal 2026): Communication Systems, providing resilient tactical communications, broadband communications, integrated vision solutions, and public safety/professional communications equipment; Integrated Mission Systems, delivering ISR, maritime, targeting and sensor systems, and defense electronics capabilities (having divested its Commercial Aviation Solutions disposal group in March 2025); Space & Airborne Systems, offering space systems, intelligence and cyber, mission networks, and airborne combat systems solutions; and Aerojet Rocketdyne, supplying propulsion, power, and armament products including missile solutions and space propulsion systems. In fiscal 2025, the company generated approximately $4.8 billion (22%) of revenue internationally, while 75% of total revenue came from U.S. Government customers directly or through prime contractors, operating under a mix of cost-type and fixed-price government contracts.

The company faces intense competition from major defense firms including BAE Systems, Boeing, General Dynamics, Lockheed Martin, Northrop Grumman, RTX, and Thales, as well as non-traditional competitors like Anduril, while also maintaining strategic partnerships with companies such as Palantir Technologies, Shield Capital, Anduril, and Amazon Kuiper. As of fiscal year-end 2025, contractual backlog stood at $38.7 billion, with approximately 45% expected to be recognized as revenue by end of fiscal 2026 and 70% by end of fiscal 2027. The company employed approximately 45,000 people as of January 2, 2026, including about 18,000 engineers and scientists, with 90% of employees based in the U.S., and maintains a large intellectual property portfolio subject to certain U.S. Government usage rights.

L3Harris is headquartered in Melbourne, Florida, and continues to navigate evolving U.S. defense procurement reforms, including the transition to a Warfighting Acquisition System emphasizing speed, flexibility, and commercial solutions.