L3Harris Technologies, Inc.

L3Harris Technologies, Inc.

L3Harris Technologies, Inc.

Overview
Date Founded

1895

Headquarters

1025 West NASA Boulevard,Melbourne, FL 32919

Type of Company

Public

Employees (Worldwide)

18.2K

Industries

Aerospace & Defense
IT Consulting & Services
Hospitals & Patient Services

Company Description

L3Harris Technologies, Inc. is an agile global aerospace and defense technology innovator, which engages in the provision of defense and commercial technologies across air, land, sea, space and cyber domains. It operates through the following segments: Integrated Mission Systems; Space and Airborne Systems; Communication Systems; and Aviation Systems. The Integrated Mission Systems segment include intelligence, surveillance, and reconnaissance; advanced electro optical and infrared; and maritime power and navigation. The Space and Airborne Systems segment comprises space payloads, sensors and full-mission solutions; classified intelligence and cyber defense; avionics; and electronic warfare. The Communication Systems segment consists tactical communications; broadband communications; L3's night vision; and public safety. The Aviation Systems segment compose defense aviation products; security, detection and other commercial aviation products; air traffic management; and commercial and military pilot training. The company was founded in 2019 and is headquartered in Melbourne, FL.

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Executives & Employees

Chairman & Chief Executive Officer

Vice Chairman, President & Chief Operating Officer

Chief Financial Officer, Chief Accounting Officer & Senior Vice President

Senior Vice President, General Counsel & Secretary

Vice President & Chief Technology Officer

Vice President & Chief Human Resources Officer

Vice President & General Manager of its Electronic Systems Division

President, Communication Systems

President, Space & Airborne Systems

Community Affairs Director

Board of Directors

Chairman & Chief Executive Officer at L3Harris Technologies, Inc.

Vice Chairman, President & Chief Operating Officer at L3Harris Technologies, Inc.

President & Chief Executive Officer, Automation Andcontrol Solutions at Honeywell International, Inc.

Former Managing Director at Barclays Bank Plc

Operating Advisor at Clayton Dubilier & Rice LLC

Former Partner at Ernst & Young LLP

Former Vice Chairman at National Business Aviation Association

Former Chairman, President & Chief Executive Officer at Allegheny Technologies, Inc.

Former Chief Financial Officer & Vice President at Ferro Corp.

Former Chairman of the Board, President & Chief Executive Officer at Cooper Tire & Rubber Company

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L3Harris Technologies, Inc.
Owners & Shareholders
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CWGI is the investment adviser to the American Funds Group, a family of 30 funds marketed to individuals exclusively through financial advisers and other intermediaries. American Funds are also used as investment vehicles for 401ks, other retirement plans, variable annuities and 529 college savings plans. The funds have the following characteristics: (1) a long-term, value-oriented approach; (2) long-established, global research; (3) a multiple portfolio counselor system that combines teamwork with individual accountability; (4) experienced, long-tenured investment professionals; and (5) a commitment to low operating expenses, among the lowest in the fund industry. CWGI uses a Multiple Portfolio Counselor System wherein the assets of each fund are divided into smaller, more manageable portions. Research analysts typically manage a segment as well, bringing their expertise directly to bear on the fund's results and portfolio counselors are free to make their own decisions. Investment decisions are based on internal research.

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JCM seeks to add value versus benchmarks by actively pursuing alpha generation through their own intensive fundamental research for their fundamental investment strategies. They look for companies possessing the firm's key investment criteria through proprietary research that emphasizes contact with a company's management team, competitors, suppliers and consumers, as well as in-depth and ongoing financial modeling. Holdings are generally selected one at a time with all other factors (industry, sector, country and cash allocations) being a residual of the investment process. JCM favors businesses that their research reveals have sustainable, above-average earnings growth potential and outstanding free cash flow generation, recurring revenue, profit margins and return on invested capital for their equity strategies. To build a mosaic of information in an effort to identify macro trends and inform allocations across fixed income sectors, the firm uses fundamental credit research.

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APLP focuses exclusively on active, high value-added investment strategies where experienced investment professionals pursue superior results through a combination of original thinking and a disciplined investment approach based on a bottom-up process that covers a range of geographic areas and focuses on investments in growth and value stocks. The firm places particular emphasis on identifying and investing in well-managed companies with dominant or increasing market shares. They also closely monitor market valuation. APLP's autonomous investment teams oversee a range of investment strategies across diversified market capitalizations, regions and styles including, but not necessarily limited to: growth, global equity, US value, international value, global value, sustainable emerging markets, credit, developing world, and thematic. All accounts managed by the firm regardless of investment strategy, invest primarily in common stocks and other equity securities. Their distribution strategy is focused on sophisticated investors around the globe that operate with institutional decision-making processes and longer-term investment horizons.

Recent Transactions
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Ampersand Management LLC, Adaptas Solutions LLC purchase L3Harris Tech, Inc. /Kilovolts & Analytical Instru Bus from L3Harris Technologies, Inc.

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Leidos Holdings, Inc. purchases L3Harris Technologies, Inc. /Airpot Security & Automation Bus from L3Harris Technologies, Inc.

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Harris Corporation purchases L3 Technologies, Inc. resulting in a new company L3Harris Technologies, Inc.

Transaction Advisors
Investment Advisor

Advised onLeidos Holdings, Inc. purchases L3Harris Technologies, Inc. /Airpot Security & Automation Bus from L3Harris Technologies, Inc.

Legal Advisor

Advised onLeidos Holdings, Inc. purchases L3Harris Technologies, Inc. /Airpot Security & Automation Bus from L3Harris Technologies, Inc.

Counsel

Advised onLeidos Holdings, Inc. purchases L3Harris Technologies, Inc. /Airpot Security & Automation Bus from L3Harris Technologies, Inc.

Legal Advisor

Advised onLeidos Holdings, Inc. purchases L3Harris Technologies, Inc. /Airpot Security & Automation Bus from L3Harris Technologies, Inc.

Legal Advisor

Advised onLeidos Holdings, Inc. purchases L3Harris Technologies, Inc. /Airpot Security & Automation Bus from L3Harris Technologies, Inc.

Clients

Lockheed Martin Corp. operates as a global security and aerospace company, which engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services. It operates through the following business segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS) and Space. The Aeronautics segment researches, designs, develops, manufactures, integrates, sustains, supports, and upgrades advanced military aircraft, including combat and air mobility aircraft, unmanned air vehicles, and related technologies. The MFC segment provides air and missile defence systems; tactical missiles and air-to-ground precision strike weapon systems; logistics; fire control systems; mission operations support, readiness, engineering support and integration services; manned and unmanned ground vehicles; and energy management solutions. The RMS segment offers design, manufacture, service, and support for a variety of military and commercial helicopters; ship and submarine mission and combat systems; mission systems and sensors for rotary and fixed-wing aircraft; sea and land-based missile defence systems; radar systems; the Littoral Combat Ship; simulation and training services; and unmanned systems and technologies. The Space segment comprises of the research and development, design, engineering and production of satellites, strategic, and defensive missile systems and space transportation systems. The company was founded in 1961 and is headquartered in Bethesda, MD.

Government of the United Kingdom is the central government of the United Kingdom of Great Britain and Northern Ireland.The government is led by the Prime Minister, who selects all the remaining ministers. The prime minister and the other most senior ministers belong to the supreme decision-making committee, known as the Cabinet.

Key Stats and Financials As of 2019
Market Capitalization
$38.2B
Total Enterprise Value
$25.8B
Earnings Per Share
$7.86
Revenue
$6.8B
Debt TEV
0.14x
TEVNet Income
27.23x
Enterprise Value EBITDAOperating
19.17x
Enterprise Value Sales
3.79x
EBITDAMargin
19.78%
EBITDA
$1.34B
Total Equity
$3.36B
Total Debt
$3.52B
Net Profit
$947M
Five Year Compounded Annual Growth Rate Of Revenue
6.29%
Three Year Compounded Annual Growth Rate Of Revenue
-3.07%
Investors
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Founder at Salt Lake Potash Ltd.

Suppliers
Analogic Corp. Holding Companies | Bostan, Massachusetts

Analogic Corp. engages in the provision of healthcare and security technology solutions. Its activities include designing, manufacturing, and commercializing of equipment for computed tomography, security and detection, magnetic resonance imaging, digital mamography, and motion controls. The company was founded by Bernard Marshall Gordon in November 1967 and is headquartered in Peabody, MA.

Comtech Telecommunications Corp. Other Manufacturing | Melville, NY

Comtech Telecommunications Corp. engages in the design, development, production, and market of products, systems, and services for advanced communications solutions. It operates through the Commercial Solutions and Government Solutions segment. The Commercial Solutions segment offers satellite communications, public safety systems, and enterprise application technologies for commercial customers and smaller government customers. The Government Solutions segment comprises mission-critical technologies and transmission technologies for large government end users, international customers, and domestic prime contractors. The company was founded in 1967 and is headquartered in Melville, NY.

Esterline Technologies Corp. Electrical Products | Bellevue, WA

Esterline Technologies Corp. engages in the manufacture of aircraft parts and components, automated drilling products and machine tool systems. The firm product brands include Armtec, Auxitrol, CMC, Darchem, Jsanco, Leach and LRE. It operates through the following segments: Avionics & Controls; Sensors & Systems; and Advanced Materials. The Avionics & Controls segment includes avionics systems, control systems, interface technologies and communication systems capabilities. The Sensors & Systems segment includes power systems, connection technologies and advanced sensors capabilities. The Advanced Materials segment includes engineered materials and defense technologies capabilities. The company also develops and manufactures combustible ordnance and countermeasures for military applications. Esterline Technologies was founded in 1967 and is headquartered in Bellevue, WA.

Competitors
Motorola Solutions, Inc. Other Manufacturing - Schaumburg, IL

Motorola Solutions, Inc. engages in the provision of communication infrastructure, devices, accessories, software and services. It operates through the following segments: Products and Systems Integration. The Products segment offers an extensive portfolio of infrastructure, devices, accessories, and software. The System Integration segment primary costumers are government, public safety and first-responder agencies, municipalities, and commercial and industrial customers who operate private communications networks and video solutions typically managing a mobile workforce. The company was founded on September 25, 1928 and is headquartered in Schaumburg, IL.

Lockheed Martin Corporation Aerospace & Defense - Bethesda, Maryland

Lockheed Martin Corp. operates as a global security and aerospace company, which engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services. It operates through the following business segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS) and Space. The Aeronautics segment researches, designs, develops, manufactures, integrates, sustains, supports, and upgrades advanced military aircraft, including combat and air mobility aircraft, unmanned air vehicles, and related technologies. The MFC segment provides air and missile defence systems; tactical missiles and air-to-ground precision strike weapon systems; logistics; fire control systems; mission operations support, readiness, engineering support and integration services; manned and unmanned ground vehicles; and energy management solutions. The RMS segment offers design, manufacture, service, and support for a variety of military and commercial helicopters; ship and submarine mission and combat systems; mission systems and sensors for rotary and fixed-wing aircraft; sea and land-based missile defence systems; radar systems; the Littoral Combat Ship; simulation and training services; and unmanned systems and technologies. The Space segment comprises of the research and development, design, engineering and production of satellites, strategic, and defensive missile systems and space transportation systems. The company was founded in 1961 and is headquartered in Bethesda, MD.

General Dynamics Corporation Aerospace & Defense - Falls Church, VA

General Dynamics is a market leader in business aviation; combat vehicles, weapons systems and munitions; shipbuilding and marine systems; and mission-critical information systems and technology. The company was formed in 1952 through the combination of the Electric Boat Company, Consolidated Vultee (CONVAIR) and several others. The company grew organically and through acquisitions until the early 1990s, when they sold many of our defense-related businesses. Starting in the mid-1990s, they began expanding by acquiring combat vehicle-related businesses, additional shipyards, information-technology product and service companies and Gulfstream Aerospace Corporation.

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