Communications, electronic warfare, space, intelligence systems. $21.3B FY2024 revenue. Acquired Aerojet Rocketdyne 2023 for $4.7B to add solid rocket motor capacity. Provider of tactical radios, F-35 EW suite, ISR aircraft, satellite ground systems. Strong space ISR backlog from SDA Tranche 2/3 awards.
Key Milestones
Harris Automatic Press Co founded in Niles Ohio by Alfred and Charles Harris; pivots from printing presses to RF communications mid-20th century. L3 Communications spins off from Loral 1997.
L3 Technologies and Harris Corporation merger completes Jun 29 2019; creates $17B revenue defense electronics specialist headquartered Melbourne FL.
Wins F-35 Block 4 EW suite upgrade contract from Lockheed Martin; longer-term technology refresh for fleet
Wins SDA Tranche 1 Tracking Layer contract: 14 missile-warning satellites worth $700M
AN/PRC-163/152A handheld tactical radio production ramps; Army Leader Radio program orders accelerate
Acquires Tactical Data Links business from Viasat (TrellisWare) and Aerojet Rocketdyne announcement; portfolio rebuild post L3-Harris merger consolidation.
Acquires Aerojet Rocketdyne for $4.7B closing Jul 28 2023; adds solid rocket motors capacity LMT failed to acquire 18 months earlier
Wins SDA Tranche 2 Tracking Layer contract: 18 missile-warning sats worth $920M; backlog deepens
Tactical radio backlog hits record $5B; foreign demand from Ukraine/Eastern Europe sustains volumes
Aerojet Rocketdyne RS-25 engine production restart for SLS Block 1B; Stinger and Standard Missile-3 motor lines exceed pre-Ukraine output.
Aerojet Rocketdyne ramping Stinger, Standard Missile, GMLRS solid motor output; first capacity expansion since 2010s
VAMPIRE counter-UAS systems (Vehicle-Agnostic Modular Palletized ISR Rocket Equipment) deployed to Ukraine in volume
Wins Resilient GPS (R-GPS) Phase 2 contract from Space Force; smaller satellites complementing GPS III/IIIF for assured PNT.
Backlog hits record $36B; Aerojet motor capacity expansion and SDA Tracking Layer Tranche 3 awards drive growth.