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L3Harris Technologies Inc - Stock Quote LHX

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Morningstar's L3Harris Technologies Inc Stock Analysis

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L3Harris Is Poised To Benefit From Increased Global Defense Spending

Burkett Huey, CFA Equity Analyst

Business Strategy and Outlook

| Burkett Huey, CFA |

Defense prime contractors are not born, they’re assembled. L3Harris Technologies, the sixth-largest defense prime by defense sales, was made from the merger of equals between L-3 Technologies, a sensor-maker that operated a decentralized business focused on inorganic growth, and the Harris Corporation, a sensor and radio manufacturer that ran a more unified business. Underpinning the merger’s thesis was an assumption that additional scale would primarily generate cost synergies but that eventually, the firms would produce meaningful revenue synergies.

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L3Harris Technologies Inc's Company Profile

Business Description

L3Harris Technologies was created in 2019 from the merger of L3 Technologies and Harris, two defense contractors that provide products for the command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR) market. The firm also has smaller operations serving the civil government, particularly the Federal Aviation Administration’s communication infrastructure, and produces various avionics for defense and commercial aviation.

1025 West NASA Boulevard
Melbourne, FL, 32919
T +1 321 727-9100
Industry Aerospace & Defense
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2022
Stock Type Cyclical
Employees 47,000