LL3Harris 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.
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Industries
Company Size
10,001+
Company Stage
IPO
Headquarters
Melbourne, FL
Founded
1895
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Total Funding
$2.4B
Above
Industry Average
Funded Over
3 Rounds
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.
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.
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.
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.
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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Industries
Company Size
10,001+
Company Stage
IPO
Headquarters
Melbourne, FL
Founded
1895
Find jobs on Simplify and start your career today
Don't see your dream role? Check out thousands of other roles on Simplify.Browse all jobs