L3Harris Technologies, Inc. is a major U.S. aerospace and defense contractor that manufactures equipment and systems across multiple domains, including space, air, land, sea, and cyber. The company was formed in 2019 through the merger of Harris Corporation and L3 Technologies. L3Harris operates primarily through three business segments: Space & Mission Systems (SMS), Communications & Spectrum Dominance (CSD), and Missile Solutions (MSL). The Space & Mission Systems segment integrates satellite and payload capabilities, including missile warning and defense, with maritime, air special missions, and other global defense and civil government programs. The Communications & Spectrum Dominance segment provides tactical radios, software, satellite terminals, and battlefield systems for the U.S. Department of Defense and international agencies, as well as integrated vision solutions like night vision goggles. The Missile Solutions segment, which incorporates the 2023 acquisition of Aerojet Rocketdyne, focuses on solid rocket motors, propulsion, hypersonic, and other missile technologies. L3Harris generates the vast majority of its revenue from contracts with the U.S. government, including the Department of Defense and NASA, as well as international allied governments and commercial customers. In 2024, the company reported total revenues of approximately $21.3 billion. The company's competitive position is anchored by its extensive portfolio of defense technologies, its status as a prime contractor on major defense programs, and its significant backlog of orders. L3Harris is currently executing a strategic realignment, which includes plans to spin off its Missile Solutions segment via an initial public offering, allowing the core business to focus on its specialized electronics, communications, and space systems.
