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L3Harris Technologies

Global defense contractor delivering aerospace tech

Overview

L3Harris Technologies provides advanced aerospace, defense, and space systems for governments and commercial customers. Its products include sensors, communications, and propulsion—such as tactical radios, night-vision gear, satellite payloads, missile defense, and space propulsion—delivered as integrated systems for operations across air, land, sea, space, and cyber domains. The company blends legacy technologies from two joining giants with newer capabilities, faster acquisition cycles, and a focus on missiles, space, and resilient communications to field solutions quickly. Its goal is to be a trusted, scale-ready provider of next‑generation defense and intelligence capabilities for national security and related customers.

Funded RecentlySignificant Headcount Growth

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About L3Harris Technologies

Simplify's Rating
Why L3Harris Technologies is rated
B+
Rated A on Competitive Edge
Rated A on Growth Potential
Rated C on Differentiation

Industries

Government & Public SectorCybersecurityAerospaceDefense

Company Size

10,001+

Company Stage

IPO

Headquarters

Melbourne, FL

Founded

1895

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What believers are saying

  • Third-quarter 2026 revenue reached $6.06 billion, beating expectations and lifting full-year guidance.
  • Record $53.2 billion backlog and 3.2x book-to-bill signal multi-year demand visibility.
  • Army LOCODA orders and NGJ-LB funding deepen recurring communications and electronic warfare revenue.

What critics are saying

  • Kubasik's August 17, 2026 ouster triggered shareholder investigations by HGT, Pomerantz, and Scott+Scott.
  • A $1 billion November 2, 2026 note offering increases leverage while management pauses big M&A.
  • Any missile production execution miss threatens THAAD, PAC-3, and GMLRS backlog conversion by 2030.

What makes L3Harris Technologies unique

  • L3Harris dominates missile propulsion, with $11 billion PAC-3 and THAAD bookings on October 29, 2026.
  • Sam Mehta's internal promotion preserves continuity across Space, Communications, and Missile Solutions.
  • The Camden, Arkansas solid rocket motor plant scales production faster than slower legacy primes.

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Funding

Total Funding

$2.4B

Above

Industry Average

Funded Over

3 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison Coming Soon

Benefits

  • Health Insurance
  • Disability Insurance
  • 401(k) Retirement Plan
  • 401(k) Company Match
  • Paid Vacation
  • Paid Holidays
  • Mental Health Support
  • Relocation Assistance

Stock Price

Growth & Insights and Company News

6 month growth

15%

1 year growth

15%

2 year growth

15%
Yahoo Finance
Nov 4th, 2026
L3Harris books $11B missile deal, lifting backlog to $53B as it pauses big M&A

L3Harris reported 9% organic revenue growth and a $53 billion backlog on its third-quarter 2026 earnings call on October 29, 2026. Demand for missile propulsion and defence communications keeps rising. An $11 billion booking for Patriot Advanced Capability-3 and Terminal High Altitude Area Defense missile systems lifted the backlog. Chief executive officer Sam Mehta called the quarter a "watershed moment" for its Missile Solutions business. The company is using automation and artificial intelligence to speed up production. In some cases, manual quality inspections of PAC-3 rocket motors fell from 21 hours to 6.5 hours each. L3Harris will pause large acquisitions to focus on operations and debt reduction. It plans to fund a $3 billion missile capacity expansion from internal cash flow.

Kalkine
Nov 2nd, 2026
L3Harris prices $1B senior notes in two $500M tranches due 2029 and 2032

L3Harris Technologies priced a $1 billion senior unsecured note offering in two tranches, according to a filing dated November 2, 2026. Settlement is expected on November 5, 2026. The $500 million of 5.200% notes due 2029 priced at 99.951% of principal, yielding 5.218%. The $500 million of 5.400% notes due 2032 priced at 99.813%, yielding 5.441%. The notes priced at spreads of 57 basis points and 75 basis points over Treasuries, respectively. Expected ratings for both tranches are Baa2 from Moody's, BBB from S&P, and BBB+ from Fitch. Eleven joint book-running managers lead the offering, including Citigroup Global Markets, J.P. Morgan Securities, BofA Securities, Morgan Stanley, and Wells Fargo Securities.

Yahoo Finance
Nov 2nd, 2026
L3Harris wins $121M in US Army orders for low-cost data radios

L3Harris Technologies has received production orders worth a combined $121 million from the US Army for its Low-Cost Data Radio (LOCODA) solution. The radio supports Army Command and Control needs. LOCODA reuses existing vehicle installation kits to field an upgraded communications system. It gives battlefield commanders access to command applications through several transport options on one platform, with minimal training. "The program leverages existing installation kits and enables them to support new and emerging requirements, saving the Army time and money," said Chris Aebli, president of Communications & Spectrum Dominance at L3Harris. The radio supports narrowband and wideband waveforms, anti-jam capabilities, and low probability of intercept and detection waveforms.

Yahoo Finance
Oct 29th, 2026
L3Harris beats forecasts with $632M Q3 profit and $6.06B revenue

L3Harris Technologies reported third-quarter earnings of $632 million, or $3.28 per share, beating Wall Street expectations. Analysts surveyed by Zacks Investment Research had expected $2.99 per share. The Melbourne, Florida-based technology and communications company posted revenue of $6.06 billion, above the $5.89 billion analysts forecast. L3Harris expects full-year earnings of $12.25 to $12.35 per share, with revenue of $23.5 billion to $23.7 billion.

Yahoo Finance
Oct 21st, 2026
L3Harris wins $876M Navy contract for next generation jammer prototypes

L3Harris Technologies has won an $876 million contract modification from the US Navy for its Next Generation Jammer Low Band (NGJ-LB) program. The company will build prototype hardware, assemble specialised manufacturing equipment, and support flight testing. The award is undefinitized, meaning work starts before final price and delivery terms are agreed. The government typically uses such awards when it needs a project done quickly. The programme will replace ageing equipment that disrupts low-frequency radar and communications used against US combat aircraft. Chris Aebli, president of communications and spectrum dominance at L3Harris, said the company is "moving fast to deliver a system that equips aviators to counter those threats from safer, extended distances." The deal is small next to L3Harris's nearly $22 billion in revenue last year.

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