- Formed: June 29, 2019 (merger of Harris Corporation and L3 Technologies)
- 2024 Revenue: $21.32 billion (9.8% year-over-year growth)
- Employees: 47,000 (as of December 2024)
- Market Cap: Approximately $65 billion (January 2026)
- Record Backlog: $34 billion (2024)
L3Harris Technologies is an American defense contractor and technology company headquartered in Melbourne, Florida. The company formed through the merger of Harris Corporation and L3 Technologies on June 29, 2019. This combination created the sixth-largest defense contractor in the United States.
L3Harris operates across air, land, sea, space, and cyber domains. The company produces tactical radios, night vision equipment, avionics systems, satellite payloads, and missile propulsion systems. Its primary customers include the U.S. Department of Defense, intelligence agencies, NASA, and allied governments in over 100 countries.
L3Harris Technologies History
L3Harris Technologies Co-founders
L3Harris Technologies traces its origins to two separate companies with distinct founders.
L3Harris Technologies Competitors
L3Harris Technologies competes with major defense contractors for government contracts and commercial aerospace business. The defense industry has consolidated over decades, leaving a handful of dominant players. Similar to how Lockheed Martin grew through strategic acquisitions, L3Harris has expanded its capabilities through mergers.
| Company | Headquarters | Primary Focus |
|---|---|---|
| Lockheed Martin | Bethesda, Maryland | Aerospace, Fighter Aircraft, Missiles |
| RTX Corporation | Arlington, Virginia | Missiles, Avionics, Jet Engines |
| Northrop Grumman | Falls Church, Virginia | Aerospace, Bombers, Space Systems |
| General Dynamics | Reston, Virginia | Submarines, Combat Vehicles, IT |
| Boeing Defense | Arlington, Virginia | Military Aircraft, Satellites |
| BAE Systems | London, United Kingdom | Electronic Warfare, Naval Ships |
| Leidos | Reston, Virginia | IT Services, Cybersecurity |
| Thales Group | Paris, France | Avionics, Cybersecurity, Radar |
| Huntington Ingalls | Newport News, Virginia | Shipbuilding, Aircraft Carriers |
| CACI International | Reston, Virginia | IT Services, Intelligence |
L3Harris Technologies Acquisitions
L3Harris Technologies has grown through strategic acquisitions that expand its defense technology capabilities. The company pursues deals that strengthen its position in communications, sensors, and propulsion systems.
The largest acquisition came in July 2023 when L3Harris completed its purchase of Aerojet Rocketdyne for $4.7 billion. Aerojet Rocketdyne is one of only two major U.S. suppliers of solid rocket motors for missiles and space vehicles. This deal added over 5,000 employees and created a fourth business segment at L3Harris focused on missile propulsion and hypersonic technologies.
The acquisition faced regulatory scrutiny. L-3 Communications had previously grown through over 100 acquisitions before merging with Harris. The Federal Trade Commission had blocked Lockheed Martin’s earlier attempt to acquire Aerojet in 2022 over antitrust concerns. L3Harris argued its deal differed because the company does not manufacture missiles that compete with Aerojet’s customers.
In 2022, L3Harris also acquired Viasat’s Tactical Data Links business for $1.96 billion. This added secure military communication link products used in fighter aircraft and unmanned systems. The deal strengthened L3Harris’s position in airborne networking and sensor-to-shooter connectivity.
Earlier acquisitions shaped both predecessor companies. Harris Corporation acquired Exelis Inc. in 2015 for $4.75 billion, adding night vision systems and electronic warfare capabilities. L3 Technologies acquired over 100 companies between 1997 and 2019, including Wescam, MAPPS, and multiple training and simulation businesses.
L3Harris Technologies Marketcap
L3Harris Technologies maintains a market capitalization of approximately $65 billion as of January 2026. The stock trades on the New York Stock Exchange under ticker symbol LHX.
L3Harris Technologies Revenue
L3Harris Technologies generated $21.32 billion in revenue for fiscal year 2024. This represents a 9.8% increase from 2023’s $19.42 billion, driven by growth in communication systems and night vision products.
FAQs
When was L3Harris Technologies formed?
L3Harris Technologies formed on June 29, 2019, through the merger of Harris Corporation and L3 Technologies. The all-stock deal created the sixth-largest U.S. defense contractor.
Where is L3Harris Technologies headquartered?
L3Harris Technologies is headquartered in Melbourne, Florida. The company chose the former Harris Corporation location and operates facilities across the United States and internationally.
What does L3Harris Technologies produce?
L3Harris produces tactical radios, night vision equipment, satellite systems, avionics, missile propulsion systems, and electronic warfare products for military and government customers.
Who are the main customers of L3Harris?
The U.S. Department of Defense, intelligence agencies, NASA, and allied foreign governments are the primary customers. L3Harris serves customers in over 100 countries worldwide.
What was the Aerojet Rocketdyne acquisition?
L3Harris acquired Aerojet Rocketdyne for $4.7 billion in July 2023. The deal added rocket propulsion and missile technology capabilities, creating a fourth business segment.