L3Harris Technologies, Inc. /De/ (NYSE: LHX)

L3Harris Technologies, Inc. /De/ operates as a trusted disruptor in the defense industry, delivering end-to-end technology solutions that connect the space, air, land, sea, and cyber domains for national security. The company supports customers in over 100 countries, with a significant focus on various departments and agencies of the U.S. Government, their prime contractors, and international allies. L3Harris Technologies generates revenue through a diverse portfolio of products and services, including tactical radios, satellite terminals, intelligence systems, and integrated vision solutions. The company's primary customer base consists of defense and civil government entities, as well as commercial customers requiring advanced technology solutions.

• Communication Systems (CS): This segment provides resilient communication solutions critical for mission success in contested environments. Key products include tactical radios, software, waveforms, satellite terminals, and end-to-end battlefield systems. The segment also offers broadband communication solutions, integrated vision solutions like helmet-mounted night vision goggles, and public safety and professional communication equipment for federal agencies and first responders.

• Integrated Mission Systems (IMS): IMS delivers differentiated mission capabilities and prime systems integration for multi-mission intelligence, surveillance, and reconnaissance (ISR), passive sensing and targeting, electronic attack, autonomy, power and communications, networks, and sensors. The segment specializes in system design, development, integration, production, modernization, and sustainment for national security and international customers.

• Space & Airborne Systems (SAS): SAS supplies full mission solutions as a prime and subsystem integrator in the space, airborne, and cyber domains. The segment provides capabilities in ISR, position, navigation and timing, weather and climate monitoring, missile defense, and ground-based space surveillance networks. It also offers situational awareness, optical networks, advanced wireless solutions, and airborne combat systems.

• Aerojet Rocketdyne (AR): AR provides propulsion, power, and armament products and systems to the U.S. Government, including the Department of War (DoW), NASA, and major aerospace and defense prime contractors. The segment specializes in missile solutions, space propulsion and power systems, and other advanced technologies.

L3Harris Technologies operates in highly competitive markets that are sensitive to technological advances. The company competes domestically and internationally against large defense companies such as BAE Systems, Boeing, General Dynamics, Lockheed Martin, Northrop Grumman, RTX, and Thales, as well as non-traditional defense contractors like Anduril, Ursa Major, and Silvus Technologies. Key competitive factors include quality and reliability, technological capabilities, service, past performance, ability to develop and implement complex integrated solutions, ability to meet delivery schedules, and cost-effectiveness. The company collaborates with innovative partners such as Palantir Technologies, Shield Capital, Anduril, and Amazon Kuiper to develop new capabilities and meet customer demands.

The company's customer base includes various departments and agencies of the U.S. Government, their prime contractors, and international allies. In fiscal 2025, revenue from sales to U.S. Government customers, including foreign military sales funded through the U.S. Government, accounted for 75% of the company's total revenue. The remaining 25% of revenue came from international customers, with no single foreign country accounting for more than 5% of the total revenue. L3Harris Technologies serves a diverse range of customers, including defense and civil government entities, as well as commercial customers requiring advanced technology solutions.