Full report

The company

L3Harris Technologies (NYSE: LHX) is headquartered in Melbourne, Florida, and employs roughly 45,000 to 47,000 people. It was formed on June 29, 2019, by an all-stock merger of Harris Corporation and L3 Technologies. Harris traces to a printing-press maker founded in Ohio in 1895 that moved into electronics through a 1967 merger with Radiation, Inc. of Melbourne. L-3 Communications was created in 1997 to take over former Loral units from Lockheed Martin.

The largest deal since the merger was the $4.7 billion purchase of rocket-engine maker Aerojet Rocketdyne, completed in July 2023. In January 2026 the company reorganized from four segments into three — Space & Mission Systems, Communications & Spectrum Dominance, and Missile Solutions — and agreed to sell 60% of its space propulsion unit to AE Industrial Partners for about $845 million, keeping 40% and the RS-25 engine programme.

About 75% of fiscal 2025 revenue came from U.S. government customers, directly or through prime contractors, a share that has held at 75–76% for three years. Revenue was $21.9 billion in fiscal 2025; guidance for 2026 is $23.5–23.7 billion, and backlog reached a record $53.2 billion in the third quarter.

Source: Wikipedia; Washington Technology; SEC data via edgar.tools; L3Harris Q3 2026 results.