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L3Harris

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L3Harris Technologies, Inc.
Company typePublic
IndustryAerospaceanddefense
Predecessor
FoundedJune 29, 2019;5 years ago(2019-06-29)
HeadquartersMelbourne, Florida,United States
Key people
Chris Kubasik(ChairandCEO)
RevenueIncreaseUS$19.4 billion(2023)
IncreaseUS$1.4 billion(2023)
IncreaseUS$1.2 billion(2023)
Total assetsIncreaseUS$41.7 billion(2023)
Total equityIncreaseUS$18.8 billion(2023)
Number of employees
50,000 (2023)
Websitel3harris
Footnotes / references
[1][2]

L3Harris Technologies, Inc.is an Americantechnology company,defense contractor,andinformation technologyservicesprovider that producescommand and controlsystems and products,wirelessequipment, tactical radios,avionicsand electronic systems,night vision equipment,and both terrestrial and spaceborneantennasfor use in the government, defense, and commercial sectors.

The company was formed from the merger ofL3 TechnologiesandHarris Corporationon June 29, 2019,[3]which made it thesixth-largest defense contractorin the United States.[4][5][6]

History

[edit]
Main articles:L3 TechnologiesandHarris Corporation

The "Harris Automatic Press Company" was founded by Alfred S. Harris inNiles, Ohio,in 1895. The company spent the next 60 years developinglithographicprocesses andprinting pressesbefore acquiringtypesettingcompanyIntertype Corporation.In 1967, they merged with Radiation, Inc. ofMelbourne, Florida,a developer of antenna,integrated circuit,andmodemtechnology used in thespace race.The company headquarters was moved from Cleveland to Melbourne in 1978.[7][8]In May 2015, Harris finalized the purchase of competitorExelis Inc.,almost doubling the size of the original company.[9]

L-3 Communications was formed in 1997 to acquire certain business units fromLockheed Martinthat had previously been part ofLoral Corporation.These units had belonged toLockheed CorporationandMartin Marietta,which had merged three years before in 1993.[10]The company was founded by, and named for, Frank Lanza and Robert LaPenta in partnership withLehman Brothers.Lanza and LaPenta had both served as executives at Loral and Lockheed.[11]The company continued to expand throughmergers and acquisitionsto become one of the top ten U.S. government contractors.[12]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.[13]

Between 1999 and August 2021, L3Harris and predecessors spent $131.9 millionlobbyingforICE radio procurement($20,000),[14]theIntelligence Authorization Act($​1,510,000),[15]DHSfund appropriations for unmanned vehicles ($430,000),[16]andnight vision systemsresearch ($20,000).[17][18]

In 2008, 72 Iraqi civilians sued L3 Services andCACIfor human rights violations including "torture; cruel, inhuman, or degrading treatment; war crimes; assault and battery; sexual assault and battery; intentional infliction of emotional distress; negligent hiring and supervision; and negligent infliction of emotional distress." A settlement was reached on October 10, 2012, which was the "first positive resolution to a U.S. civil case challenging detainee treatment outside the United States in the larger 'war on terror' context ".[19]

In 2012, L3 subsidiary KDI Precision Products participated in the sale of 11,500JDAMbomb fuses to Israel, part of a $647 million contract deal.[20]These were among the weapons used by theIDFin the2014 Gaza War;after the use of weapons in densely populated civilian areas, the U.N. High Commissioner for Human Rights highlighted the IDF's weapons usages as constituting potential war crimes (along with Palestinian violence against Israeli civilians).[21][22]

In October 2018, Harris and L3 announced an all-stock "merger of equals". As part of that deal, Harris was required to sell its night vision division. The reasoning was that a merger of Harris and L3's night vision departments would create an effective monopoly on the night vision industry.[23]The merger was completed in June 2019. The new company, L3Harris Technologies, Inc., is based in Melbourne, Florida, where Harris was headquartered.[3]The new company was led by former Harris CEOWilliam M. Brownas theChairmanandCEO,with former L3 CEO as thePresidentandCOO.[3]In June 2021, Brown turned over the role of CEO toChris Kubasik,retaining the title ofExecutive Chair,and Kubasik adding the title ofVice Chair.[24]

Between 2006 and July 2021, L3Harris was awarded 136U.S. Customs and Border ProtectionandImmigration and Customs Enforcementcontracts totalling $308.2 million, "as well as six blanket purchase orders potentially worth up to $6 billion".[18][25]

In 2018, L3Harris acquired two Australian cybertechnology companies, Azimuth Security and Linchpin Labs. The two companies are reportedly suppliers of zero-day exploits for theFive Eyes[26][27]and theFederal Bureau of Investigation.[27]

In 2019, L3Harris paid $13 million to settle allegations that Harris, before the merger, violated Arms Export Control Act and International Traffic in Arms Regulations regulations.[28]According to a proposed charging letter[29]Harris Corporation violated AECA (22U.S.C.2751 et seq.) and ITAR (22 CFR parts 120–131) for a total of 131 separate violations.

In January 2022, L3Harris reorganized its business structure, eliminating the Aviation Systems business segment and distributing its divisions between the remaining three Integrated Mission Systems, Space & Airborne Systems, and Communications Systems segments.[30]

In June 2022, Chris Kubasik succeeded as the Chair following Bill Brown's retirement.[31]

In June 2022, it was reported to have held talks to purchase the Israeli companyNSO,which buildsPegasus spyware.[32]White House officials heard of the talks and voiced opposition, resulting in L3Harris discontinuing its plans.[26]

In December 2022, L3Harris agreed to buyAerojet Rocketdyne Holdingsfor $4.7 billion in cash.[33]The acquisition was completed on 28 July 2023.[34]

Business organization

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As of 2023,L3Harris is organized under four business segments: Integrated Mission Systems, Space & Airborne Systems, Communication Systems, and Aerojet Rocketdyne.[30][35]It is led by a 13-member board of directors, including chair and CEO Chris Kubasik.[3][31]

Integrated Mission Systems

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Headquartered inPalm Bay, Florida,Integrated Missions Systems specializes inintelligence, surveillance, and reconnaissance(ISR) andsignals intelligencesystems; electrical and electronic systems for maritime use; electro-optical systems including infrared, laser imaging, and targeting systems; defense aviation systems including weapons systems andUAVs;andcommercial aviationservices including the L3Harris Airline Academy.[1]It comprises divisions, including some of those formerly in the Aviation Systems segment andWescam,that had a combined revenue of $7.0 billion in 2021.[1]

In November 2023, L3Harris announced that it would sell its Commercial Aviation Solutions business toThe Jordan Companyfor up to $800 million.[36]

Space & Airborne Systems

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Headquartered inPalm Bay, Florida,Space & Airborne Systems specializes in space mission, payloads, and sensors forsatellite navigation,ISR,weather,andmissile defense;ground systems for spacecommand and controland tracking; optical and wireless networking forsituational awarenessandair traffic management;defense avionics; andelectronic warfarecountermeasures.[1]It comprises divisions, including some of those formerly in the Aviation Systems segment, that had a combined revenue of $6.0 billion in 2021.[1]

Communications Systems

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Headquartered inRochester, New York,Communications Systems specializes in tactical communications, broadband communications, night vision (inherited from L3 Technologies, unrelated to night vision developed by Harris, ITT, or Exelis), and public safety.[1]It comprises divisions that had a combined revenue of $4.3 billion in 2021.[1]

Aerojet Rocketdyne

[edit]
Main article:Aerojet Rocketdyne

Headquartered inPalm Bay, Florida,Aerojet Rocketdyne consists of two sectors: "Missile Solutions" and "Space Propulsion and Power Systems".[35]Aerojet Rocketdyne had $2.2 billion in revenue in 2022,[37]prior to its 2023 purchase by L3Harris.[34]

Products

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  • AVCATT,a mobile aviation training simulator
  • StingRayand Hailstorm phone trackers[38][39]
  • OpenSkywireless communication system
  • TCAS,FDR&CVRproducts of the Aviation Communication & Surveillance Systems product line, serviced and managed byOEMServices[40][41]
  • hC2 L3Harris Command and Control Battle Management Suite—former "Harris Command and Control"[42]
  • Integrated Core Processor, main computer inF-35 Lightning IIand inC-130J Super Hercules[43]
  • GPNVG-18, a night vision device that utilises four night vision tubes to give the user a wider field of view
  • AN/PVS-31A BNVD and 1531 BNVD. Binocular articulating night vision devices. Standard issue goggle for US SOCOM.
  • Azimuth, technology enabling access to data from locked mobile phones. L3Harris acquired Azimuth in 2018 through an acquisition of an Australian company, Azimuth Security.[26]

References

[edit]
  1. ^abcdefg"L3Harris Investor Overview"(PDF).L3Harris.Archived(PDF)from the original on February 16, 2022.RetrievedFebruary 16,2022.
  2. ^"L3Harris Technologies, Inc. 2023 Annual Report (Form 10-K)".sec.gov.U.S. Securities and Exchange Commission.February 20, 2024.Archivedfrom the original on February 21, 2024.RetrievedFebruary 21,2024.
  3. ^abcd"L3Harris Technologies Merger Successfully Completed; Board of Directors, Leadership and Organization Structure Announced".L3Harris Technologies(Press release). June 29, 2019. Archived fromthe originalon July 4, 2019.RetrievedJuly 4,2019.
  4. ^Thompson, Loren (June 7, 2019)."Defense Contractor L3 Technologies Surges As It Prepares To Enter Big Leagues".Forbes.Archivedfrom the original on July 4, 2019.RetrievedJuly 4,2019.
  5. ^"Harris and L3 agree merger to become sixth-largest U.S. defense contractor".Reuters.October 14, 2018.Archivedfrom the original on August 3, 2020.RetrievedMay 6,2020– via reuters.
  6. ^"Harris, L3 merger creates 6th largest U.S. defense contractor".UPI.Archivedfrom the original on January 28, 2020.RetrievedJanuary 28,2020.
  7. ^Price, Wayne (June 9, 2018)."Harris marks four decades of having its headquarters in Brevard".Florida Today.Archivedfrom the original on July 5, 2022.RetrievedJuly 1,2022.
  8. ^"Harris Corporation Announces Headquarters and Segment Locations".Business Wire(Press release). July 10, 2015.Archivedfrom the original on July 1, 2022.RetrievedJuly 1,2022.
  9. ^"Harris Corporation Completes Acquisition Of Exelis"(Press release). May 29, 2015.Archivedfrom the original on September 13, 2016.RetrievedSeptember 2,2016.
  10. ^"l1id".l1id.Archived fromthe originalon February 28, 2014.
  11. ^"History of L-3 Communications Holdings, Inc. – FundingUniverse".fundinguniverse.Archivedfrom the original on July 3, 2017.RetrievedJune 25,2017.
  12. ^"2011 Washington Technology Top 100".Archivedfrom the original on December 11, 2011.RetrievedDecember 10,2011.
  13. ^"L-3 Communications to Change Name to L3 Technologies, Inc"(Press release). L-3 Communications, Inc. December 6, 2016.Archivedfrom the original on December 15, 2016.RetrievedDecember 6,2016.
  14. ^"LD-2 Disclosure Form".lda.senate.gov.RetrievedMay 31,2024.
  15. ^"LD-2 Disclosure Form".lda.senate.gov.RetrievedMay 31,2024.
  16. ^"LD-2 Disclosure Form".lda.senate.gov.RetrievedMay 31,2024.
  17. ^"LD-2 Disclosure Form".lda.senate.gov.RetrievedMay 31,2024.
  18. ^ab"L3Harris Technologies Inc | AFSC Investigate".investigate.afsc.org.RetrievedMay 31,2024.
  19. ^"Al-Quraishi, et al. v. Nakhla and L-3 Services".Center for Constitutional Rights.RetrievedMay 31,2024.
  20. ^admin (December 13, 2012)."Israel requests sale of JDAM tail kits from US".Airforce Technology.RetrievedMay 31,2024.
  21. ^The United Nations Independent Commission of Inquiry on the 2014 Gaza Conflictwebsite and infographics.
  22. ^United Nations Report of the Independent Commission of Inquiry on the 2014 Gaza Conflict - A/HRC/29/52.Archive link, as of March 21 2024.
  23. ^"Justice Department Requires Harris and L3 to Divest Harris's Night Vision Business to Proceed with Merger".United States Department of Justice.June 20, 2019. Archived fromthe originalon March 30, 2021.RetrievedApril 7,2022.
  24. ^"Christopher E. Kubasik Succeeds William M. Brown as CEO of L3Harris Technologies".L3Harris(Press release). June 29, 2021.Archivedfrom the original on July 20, 2021.RetrievedJuly 20,2021.
  25. ^"USAspending.gov".usaspending.gov.RetrievedMay 31,2024.
  26. ^abcMazzetti, Mark; Bergman, Ronen (July 10, 2022)."Defense Firm Said U.S. Spies Backed Its Bid for Pegasus Spyware Maker".The New York Times.ISSN0362-4331.Archivedfrom the original on September 7, 2022.RetrievedJuly 11,2022.
  27. ^ab"How a Tiny Startup Became the Most Important Hacking Shop You've Never Heard Of".vice.February 7, 2018.Archivedfrom the original on July 10, 2022.RetrievedJuly 11,2022.
  28. ^"L3Harris agrees to $13 million settlement following ITAR violations | InsideDefense".insidedefense.Archivedfrom the original on February 1, 2022.RetrievedFebruary 1,2022.
  29. ^Proposed Charging Letter (September 26, 2019)."Alleged Violations of the Arms Export Control Act and the International Traffic in Arms Regulations by L3Harris Technologies, Inc".U.S. Department of State Directorate of Defense Trade Controls.Archivedfrom the original on April 27, 2023.RetrievedFebruary 1,2022.
  30. ^abKilgore, Tomi (January 3, 2022)."L3Harris streamlines businesses to 3 segments from 4".MarketWatch.Archivedfrom the original on January 3, 2022.RetrievedJanuary 3,2022.
  31. ^abFORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934(Report).U.S. Securities and Exchange Commission.June 30, 2022. p. 1.Archivedfrom the original on July 1, 2022.RetrievedJune 30,2022.Consistent with the Merger Agreement and Mr. Brown's and Mr. Kubasik's respective employment arrangements, on June 29, 2022, (a) Mr. Brown ceased being Chair of L3Harris and retired from L3Harris; (b) and Mr. Kubasik, age 61, succeeded him as Chair of L3Harris, becoming Chair and Chief Executive Officer of L3Harris, and ceased being Vice Chair of L3Harris.
  32. ^"Infamous Israeli Spyware Maker NSO in Talks to Be Sold to U.S. Defense Firm".Haaretz.Archivedfrom the original on June 14, 2022.RetrievedJune 14,2022.
  33. ^Gomez, Nathan; Ghosh, Kanjyik (December 19, 2022)."Defense firm L3Harris to buy Aerojet for $4.7 bln with eye on missile demand".Reuters.Archivedfrom the original on January 20, 2023.RetrievedJanuary 29,2023.
  34. ^ab"L3Harris Completes Aerojet Rocketdyne Acquisition".l3harris(Press release). L3Harris. July 28, 2023.Archivedfrom the original on July 31, 2023.RetrievedJuly 31,2023.
  35. ^abWeisgerber, Marcus (July 28, 2023)."On Day 1 of ownership, L3Harris pledges to invest in Aerojet Rocketdyne".Defense One.Archivedfrom the original on July 31, 2023.RetrievedJuly 31,2023.
  36. ^"Archived copy".Archivedfrom the original on November 27, 2023.RetrievedNovember 28,2023.{{cite web}}:CS1 maint: archived copy as title (link)
  37. ^"Aerojet Rocketdyne Holdings, Inc. Reports 2022 Fourth Quarter and Annual Results".Edgar.sec.gov. February 15, 2023.Archivedfrom the original on July 31, 2023.RetrievedJuly 31,2023.
  38. ^Richtel, Matt (March 15, 2015)."A Police Gadget Tracks Phones? Shhh! It's Secret".The New York Times.Archivedfrom the original on April 3, 2015.RetrievedApril 4,2015.
  39. ^Gallagher, Ryan (January 10, 2013)."FBI Documents Shine Light on Clandestine Cellphone Tracking Tool".Slate Magazine.Archivedfrom the original on August 5, 2014.RetrievedAugust 5,2014.
  40. ^"L3Harris extends OEMServices contract".L3Harris. May 6, 2022.Archivedfrom the original on April 29, 2022.RetrievedMay 6,2022.
  41. ^"L3Harris boosts AOG support capability with OEMServices deal".Times Aerospace. May 6, 2022.Archivedfrom the original on May 10, 2022.RetrievedMay 6,2022.
  42. ^"L3Harris hC2™ Software Suite".L3Harris.April 11, 2016.Archivedfrom the original on January 8, 2019.RetrievedSeptember 13,2019.
  43. ^"High-Performance Integrated Core Processor (ICP)".L3Harris.December 14, 2021.Archivedfrom the original on December 14, 2021.RetrievedDecember 14,2021.
[edit]
  • Official website
  • Business data for L3Harris:
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