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The chart shows L3Harris Technologies’ Revenue by Segment, across communication systems, integrated mission systems and space and airborne systems, reported quarterly from Q1 2019 onwards.
L3Harris Technology generates revenue from three operating segments: Integrated Mission Systems (“IMS”); Space & Airborne Systems (“SAS”); and Communication Systems (“CS”). The integrated mission system has contributed the most to the total revenue accounting for 37.6% in the first quarter. Space and Airborne systems have been the second highest contributor to aggregate revenue, accounting for 36.63% respectively in the same quarter. The revenue from communication systems accounted for 25.74% of the total revenue in the Q1 of 2023.
|Segment||2022 Q3||2022Q4||2023 Q1||Revenue mix in 2023 Q1|
|Integrated Mission Systems||1,710,000,000||1,812,000,000||1,700,000,000||37.63%|
|Space and Airborne Systems||1,502,000,000||1,610,000,000||1,655,000,000||36.63%|
Space and Airborne Systems.
As a prime and subsystem integrator, SAS is a prominent provider of comprehensive mission solutions in the space, aviation, and cyber domains. It provides world-class capabilities in the design, development, integration, manufacture, and maintenance of significant weapons systems for national security, civil government, commercial, and international clients across five business sectors.
It offers complete space and ground-based systems for intelligence, GPS, space exploration, and missile defence tasks. It is a principal contractor on whole satellite systems, offering innovative payloads and integrated ground systems.
CS is committed to providing multi-domain warfighters with the capabilities, and agility they need to support today’s missions while also innovating for the future. It is a premier provider of DoD and worldwide communications systems. international customers, Federal and state agencies and commercial customers in its five business sectors.
It provides tactical radios to the United States Army, the United States Air Force, the United States Navy, the United States Special Operations Command, and international defence customers, as well as developing and manufacturing software-defined radios for key DoD network modernization programmes, satellite communication (“SATCOM”) terminals, and battlefield management networks for U.S. and international defence customers. For example, it supplies Handheld, Manpack, and Small Form-Fit radios to the United States Army. Its primary business plan in this area is based on the commercial market.
IMS is a pioneer in the development and integration of mission systems for use on land, at sea, and in the air. It offers top-tier capabilities in the design, development, integration, production, and maintenance of integrated maritime communications systems, electro optical sensors, and intelligence, surveillance, and reconnaissance (“ISR”) systems for U.S. and allied military, civil government, and commercial customers in its five business sectors.
L3Harris Technology was founded in the year 1895. The aerospace and defense sector’s trusted disruptor is L3Harris Technologies, Inc. It provides end-to-end technology solutions connecting the space, air, land, sea, and cyber domains with customers’ mission-critical demands in mind. It serves both government and commercial clients in more than 100 nations, with the U.S. government’s departments, agencies, and prime contractors being its largest clientele. Along with commercial uses, its goods and services also have applications in civil and military governance.
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