L3Harris Technologies

L3Harris Technologies (L3Harris) is an American technology company, defense contractor and information technology services provider that produces C6ISR systems and products, wireless equipment, tactical radios, avionics and electronic systems, night vision equipment, and both terrestrial and spaceborne antennas for use in the government, defense, and commercial sectors. They specialize in surveillance solutions,[3] microwave weaponry,[4] and electronic warfare.[5] It was formed from the merger of L3 Technologies (formerly L-3 Communications) and Harris Corporation on June 29, 2019,[6] and is expected to be the sixth-largest defense contractor in the world.[7][8][9]

L3Harris Technologies, Inc.
Public
Traded asNYSE: LHX
S&P 500 Component
IndustryAerospace and defense
PredecessorL3 Technologies
Harris Corporation
FoundedJune 29, 2019 (2019-06-29)
HeadquartersMelbourne, Florida,
United States
Number of locations
400+ (2019)
Key people
Bill Brown
(Chairman and CEO)
Chris Kubasik
(President and COO)
ProductsDefense and Communications
RevenueUS$17 billion (2019)
Number of employees
50,000 (2019)
Divisions
  • Integrated Mission Systems
  • Space & Airborne Systems
  • Communication Systems
  • Aviation Systems
Websitewww.l3harris.com
Footnotes / references
[1][2]

History
Main articles: L3 Technologies and Harris Corporation

The "Harris Automatic Press Company" was founded by Alfred S. Harris in Niles, Ohio, in 1895. The company spent the next 60 years developing lithographic processes and printing presses before acquiring typesetting company Intertype Corporation. In 1967, they merged with Radiation, Inc. of Melbourne, Florida, a developer of antenna, integrated circuit and modem technology used in the space race. The company headquarters was moved from Cleveland to Melbourne in 1978. On May 29, 2015, Harris finalized the purchase of competitor Exelis Inc., almost doubling the size of the original company.[10]

L-3 Communications was formed in 1997 to acquire certain business units from Lockheed Martin that had previously been part of Loral Corporation. These units had belonged to Lockheed Corporation and Martin Marietta, which had merged three years before in 1993.[11] The company was founded by (and named for) Frank Lanza and Robert LaPenta in partnership with Lehman Brothers. Lanza and LaPenta had both served as executives at Loral and Lockheed.[12] The company continued to expand through mergers and acquisitions to become one of the top ten U.S. government contractors.[13] At the end of 2016, the company changed its name from L-3 Communications Holdings, Inc. to L3 Technologies, Inc. to better reflect the company's wider focus since its founding in 1997.[14]

In October 2018, Harris and L3 announced an all-stock "merger of equals". The merger was completed on June 29, 2019, and the new company, L3Harris Technologies, Inc., is based in Melbourne, Florida, where Harris was headquartered.[6]

Business organization

As of 2019 L3Harris is organized under four business segments: Integrated Mission Systems, Space & Airborne Systems, Communication Systems, and Aviation Systems.[1] It is led by a 12-member board of directors, including Chairman and CEO William M. Brown (former Harris CEO) and President and COO Chris Kubasik (former L3 CEO).[6] According to merger documents Brown is planning to transition to Executive Chairman in 2021, with Kubasik taking over the CEO role, and Kubasik will become both Chairman and CEO the following year.[15]

Integrated Mission Systems

Headquartered in Palm Bay, Florida, Integrated Missions Systems specializes in intelligence, surveillance, and reconnaissance systems, electrical and electronic systems for maritime use, and electro-optical systems including infrared, laser imaging, and targeting systems.[1] It comprises divisions, including Wescam, that had a combined revenue of $4.9 billion in 2018.[1]

Space & Airborne Systems

Headquartered in Palm Bay, Florida, Space & Airborne Systems specializes in space payloads and sensors, optical and wireless networking, avionics, and situational awareness solutions.[1] It comprises divisions that had a combined revenue of $4.0 billion in 2018.[1]

Communications Systems

Headquartered in Rochester, New York, Communications Systems specializes in tactical communications, broadband communications, night vision, and public safety.[1] It comprises divisions, including EOTech, that had a combined revenue of $3.8 billion in 2018.[1]

Aviation Systems

Headquartered in Arlington, Texas, Aviation Systems defense aviation products such as UAVs and associated RF equipment; commercial aviation products including airport security, data link communication, collision avoidance systems, and flight recorders; commercial and military training systems, including flight and maintenance simulation; and mission networks.[1] It comprises divisions, such as Link Training & Simulation (which traces its history to the original company founded by Ed Link, inventor of the flight simulator), that had a combined revenue of $3.8 billion in 2018.[1]

Products
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gollark: Is that *VGA*?
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See also

References
  1. "L3Harris Company Overview" (PDF). L3Harris. Retrieved 3 July 2019.
  2. "L3Harris Corporate FactSheet" (PDF). L3Harris.com. Retrieved 3 July 2019.
  3. "Surveillance". Harris Corporation. January 17, 2017. Retrieved November 18, 2019.
  4. "RF and Microwave Development and Systems". Harris Corporation. January 17, 2017. Retrieved November 18, 2019.
  5. "Electronic Warfare". Harris Corporation. January 17, 2017. Retrieved November 18, 2019.
  6. "L3Harris Technologies Merger Successfully Completed; Board of Directors, Leadership and Organization Structure Announced". L3Harris Technologies (Press release). 29 June 2019. Retrieved 4 July 2019.
  7. Thompson, Loren (7 June 2019). "Defense Contractor L3 Technologies Surges As It Prepares To Enter Big Leagues". Forbes. Retrieved 4 July 2019.
  8. "Harris and L3 agree merger to become sixth-largest U.S. defense contractor". October 14, 2018 – via www.reuters.com.
  9. "Harris, L3 merger creates 6th largest U.S. defense contractor". UPI.
  10. "Harris Corporation Completes Acquisition Of Exelis". Retrieved 2 September 2016.
  11. "l1id.com". www.l1id.com. Archived from the original on February 28, 2014.
  12. "History of L-3 Communications Holdings, Inc. – FundingUniverse". www.fundinguniverse.com. Archived from the original on July 3, 2017. Retrieved June 25, 2017.
  13. "2011 Washington Technology Top 100". Archived from the original on December 11, 2011. Retrieved December 10, 2011.
  14. "L-3 Communications to Change Name to L3 Technologies, Inc" (Press release). L-3 Communications, Inc. December 6, 2016. Archived from the original on December 15, 2016. Retrieved December 6, 2016.
  15. Renshaw, Jarrett; Brumpton, Harry (14 October 2018). "Harris and L3 agree merger to become sixth-largest U.S. defense..." Reuters. Retrieved 4 July 2019.
  16. Richtel, Matt (15 March 2015). "A Police Gadget Tracks Phones? Shhh! It's Secret". nytimes.com. The New York Times. Retrieved 4 April 2015.
  17. Gallagher, Ryan (10 January 2013). "FBI Documents Shine Light on Clandestine Cellphone Tracking Tool". Slate Magazine. Retrieved 5 August 2014.
  18. "L3Harris hC2™ Software Suite". L3Harris. April 11, 2016.
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