L3Harris Technologies

L3Harris Technologies (L3Harris) is an American technology company, defense contractor, and information technology services provider that produces C6ISR systems and products, wireless equipment, tactical radios, avionics and electronic systems, night vision equipment, and both terrestrial and spaceborne antennas for use in the government, defense, and commercial sectors. They specialize in surveillance solutions,[3] microwave weaponry,[4] and electronic warfare.[5] It was formed from the merger of L3 Technologies (formerly L-3 Communications) and Harris Corporation on June 29, 2019,[6] and was expected to be the sixth-largest defense contractor in the United States.[7][8][9]

L3Harris Technologies, Inc.
TypePublic
NYSE: LHX
S&P 500 Component
IndustryAerospace and defense
PredecessorL3 Technologies
Harris Corporation
FoundedJune 29, 2019 (2019-06-29)
HeadquartersMelbourne, Florida, United States
Number of locations
400+ (2019)
Key people
Bill Brown
(Executive Chair)
Chris Kubasik
(Vice Chair and CEO)
ProductsDefense and Communications
Revenue US$17.81 billion (2021)
US$1.89 billion (2021)
US$1.85 billion (2021)
Total assets US$34.71 billion (2021)
Total equity US$19.21 billion (2021)
Number of employees
47,000 (2021)
Divisions
  • Integrated Mission Systems
  • Space & Airborne Systems
  • Communication Systems
Websitewww.l3harris.com
Footnotes / references
[1][2]

History
Main articles: L3 Technologies and Harris Corporation

The "Harris Automatic Press Company" was founded by Alfred S. Harris in Niles, Ohio, in 1895. The company spent the next 60 years developing lithographic processes and printing presses before acquiring typesetting company Intertype Corporation. In 1967, they merged with Radiation, Inc. of Melbourne, Florida, a developer of antenna, integrated circuit, and modem technology used in the space race. The company headquarters was moved from Cleveland to Melbourne in 1978. On May 29, 2015, Harris finalized the purchase of competitor Exelis Inc., almost doubling the size of the original company.[10]

L-3 Communications was formed in 1997 to acquire certain business units from Lockheed Martin that had previously been part of Loral Corporation. These units had belonged to Lockheed Corporation and Martin Marietta, which had merged three years before in 1993.[11] The company was founded by (and named for) Frank Lanza and Robert LaPenta in partnership with Lehman Brothers. Lanza and LaPenta had both served as executives at Loral and Lockheed.[12] The company continued to expand through mergers and acquisitions to become one of the top ten U.S. government contractors.[13] 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.[14]

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.[15] The merger was completed on June 29, 2019, and the new company, L3Harris Technologies, Inc., is based in Melbourne, Florida, where Harris was headquartered.[6] The new company was led by former Harris CEO William M. Brown as the Chairman and CEO, with former L3 CEO as the President and COO.[6] On June 29, 2021, Brown turned over the role of CEO to Kubasik, retaining the title of Executive Chair, and Kubasic adding the title of Vice Chair.[16]

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.[17]

Business organization

As of 2022, L3Harris is organized under three business segments: Integrated Mission Systems, Space & Airborne Systems, and Communication Systems.[17] It is led by a 13-member board of directors, including Executive Chair William M. Brown (former Harris CEO) and Vice Chair and CEO Chris Kubasik (former L3 CEO).[6] According to merger document, Kubasik will become both chairman and CEO in 2022.[18]

Integrated Mission Systems

Headquartered in Palm Bay, Florida, Integrated Missions Systems specializes in intelligence, surveillance, and reconnaissance (ISR) and signals intelligence systems; electrical and electronic systems for maritime use; electro-optical systems including infrared, laser imaging, and targeting systems; defense aviation systems including weapons systems and UAVs; and commercial aviation solutions, including avionics, collision avoidance systems, flight recorders, flight simulators, and pilot training.[1] It comprises divisions, including some of those formerly in the Aviation Systems segment and Wescam, that had a combined revenue of $7.0 billion in 2021.[1]

Space & Airborne Systems

Headquartered in Palm Bay, Florida, Space & Airborne Systems specializes in space mission, payloads, and sensors for satellite navigation, ISR, weather, and missile defense; ground systems for space command and control and tracking; optical and wireless networking for situational awareness and air traffic management; defense avionics; and electronic warfare countermeasures.[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

Headquartered in Rochester, 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]

Controversies

Arms Export Control Act (AECA) and International Traffic in Arms Regulations (ITAR) Violations

In 2019 L3Harris paid $13 million to settle allegations that Harris, before the merger, violated AECA and ITAR regulations.[19] According to a proposed charging letter [20] Harris Corporation violated AECA (22U.S.C.2751 et seq.) and ITAR (22 CFR parts 120–131) for a total of 131 separate violations. The proposed charging letter outlines the following 9 violations:

  1. Unauthorized Exports of Technical Data in the form of Software
  2. Unauthorized Exports of Tactical Radios
  3. Unauthorized Exports of Military Electronics to Canada
  4. Unauthorized Exports of the T7 Remote Controlled Vehicle, the AN/PLM-4 Radar Signal Simulator, and Jagwire Software Plugin
  5. Unauthorized Exports of Technical Data Related to Night Vision Equipment and Tactical Radios
  6. Providing a False Part 130 Statement on a Technical Assistance Agreement
  7. Violation of License Provisos
  8. Violation of the Terms or Conditions of Licenses and Agreements
  9. Violations Caused by Systemic Administrative Issues

Products
  • AVCATT, a mobile aviation training simulator
  • StingRay and Hailstorm phone trackers.[21][22]
  • OpenSky wireless communication system
  • hC2 L3Harris Command and Control Battle Management Suite—former "Harris Command and Control" [23]
  • Integrated Core Processor, main computer in F-35 Lightning II and in C-130J Super Hercules[24]
  • GPNVG-18, a night vision device that utilises four night vision tubes to give the user a wider field of view

See also

References
  1. "L3Harris Investor Overview" (PDF). L3Harris.com. Retrieved 16 February 2022.
  2. "L3Harris Technologies, Inc. 2021 Annual Report (Form 10-K)". sec.gov. U.S. Securities and Exchange Commission. 25 February 2022.
  3. "Surveillance". Harris Corporation. 17 January 2017. Archived from the original on 10 April 2017. Retrieved 18 November 2019.
  4. "RF and Microwave Development and Systems". Harris Corporation. 17 January 2017. Archived from the original on 10 April 2017. Retrieved 18 November 2019.
  5. "Electronic Warfare". Harris Corporation. 17 January 2017. Archived from the original on 1 February 2017. Retrieved 18 November 2019.
  6. "L3Harris Technologies Merger Successfully Completed; Board of Directors, Leadership and Organization Structure Announced". L3Harris Technologies (Press release). 29 June 2019. Retrieved 4 July 2019.
  7. Thompson, Loren (7 June 2019). "Defense Contractor L3 Technologies Surges As It Prepares To Enter Big Leagues". Forbes. Retrieved 4 July 2019.
  8. "Harris and L3 agree merger to become sixth-largest U.S. defense contractor". Reuters. October 14, 2018 – via www.reuters.com.
  9. "Harris, L3 merger creates 6th largest U.S. defense contractor". UPI.
  10. "Harris Corporation Completes Acquisition Of Exelis". 29 May 2015. Retrieved 2 September 2016.
  11. "l1id.com". www.l1id.com. Archived from the original on February 28, 2014.
  12. "History of L-3 Communications Holdings, Inc. – FundingUniverse". www.fundinguniverse.com. Archived from the original on July 3, 2017. Retrieved June 25, 2017.
  13. "2011 Washington Technology Top 100". Archived from the original on December 11, 2011. Retrieved December 10, 2011.
  14. "L-3 Communications to Change Name to L3 Technologies, Inc" (Press release). L-3 Communications, Inc. December 6, 2016. Archived from the original on December 15, 2016. Retrieved December 6, 2016.
  15. "Justice Department Requires Harris and L3 to Divest Harris's Night Vision Business to Proceed with Merger". United States Department of Justice. 20 June 2019. Archived from the original on 30 March 2021. Retrieved 7 April 2022.
  16. "Christopher E. Kubasik Succeeds William M. Brown as CEO of L3Harris Technologies". L3Harris (Press release). 29 June 2021. Retrieved 20 July 2021.
  17. Kilgore, Tomi (3 January 2022). "L3Harris streamlines businesses to 3 segments from 4". MarketWatch. Retrieved 3 January 2022.
  18. Renshaw, Jarrett; Brumpton, Harry (14 October 2018). "Harris and L3 agree merger to become sixth-largest U.S. defense..." Reuters. Retrieved 4 July 2019.
  19. "L3Harris agrees to $13 million settlement following ITAR violations | InsideDefense.com". insidedefense.com. Retrieved 2022-02-01.
  20. 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. Retrieved 2022-02-01.{{cite web}}: CS1 maint: url-status (link)
  21. Richtel, Matt (15 March 2015). "A Police Gadget Tracks Phones? Shhh! It's Secret". The New York Times. Retrieved 4 April 2015.
  22. Gallagher, Ryan (10 January 2013). "FBI Documents Shine Light on Clandestine Cellphone Tracking Tool". Slate Magazine. Retrieved 5 August 2014.
  23. "L3Harris hC2™ Software Suite". L3Harris. April 11, 2016.
  24. "High-Performance Integrated Core Processor (ICP)". L3Harris. 2021-12-14.
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