L3harris - Harris Corporation and L3 Technologies merger
- Global aerospace and defense technology leader with a broad portfolio of capabilities
- Experienced Board and management team with proven track records
- Four mission-focused segments serving government and commercial markets
The merger allows Tactical Solutions to have access to a larger portfolio of new capabilities and products.
L3Harris’ new Board of Directors consists of 12 members with a deep understanding of Harris and L3 businesses, a diverse mix of background, skills and experience, and a track record of driving long-term shareholder value. The L3Harris Board members, drawn equally from Harris and L3, are:
Christopher E. Kubasik – Vice Chairman, President and COO, L3Harris
Sallie B. Bailey – former EVP and CFO, Louisiana-Pacific
Peter. W. Chiarelli – General, U.S. Army (Retired)
Thomas A. Corcoran – former President and CEO, Allegheny Teledyne
Thomas A. Dattilo – former Chairman, CEO and President, Cooper Tire & Rubber
Roger B. Fradin – former Vice Chairman, Honeywell
Lewis Hay III – former Chairman and CEO, NextEra Energy
Lewis Kramer – retired Partner, Ernst & Young
Rita S. Lane – former Vice President, Operations, Apple
Robert B. Millard – Chairman, MIT Corporation
Lloyd W. Newton – General, U.S. Air Force (Retired)
L3Harris has organized its operating businesses into four segments to best meet customers’ mission requirements and leverage the combined company’s broad technical capabilities:
Space and Airborne Systems — led by Ed Zoiss, headquartered in Palm Bay, Florida, with approximately $4.0 billion in revenue. Includes space payloads, sensors and full-mission solutions; classified intelligence and cyber defense; avionics; and electronic warfare
Communication Systems — led by Dana Mehnert, headquartered in Rochester, New York, with approximately $3.8 billion in revenue. Includes tactical communications; broadband communications; night vision; and public safety
Aviation Systems — led by Todd Gautier, headquartered in Arlington, Texas, with approximately $3.8 billion in revenue. Includes defense aviation products; security, detection and other commercial aviation products; air traffic management; and commercial and military pilot training
L3Harris Technologies is an agile global aerospace and defense technology innovator, delivering end-to-end solutions that meet customers’ mission-critical needs. The company provides advanced defense and commercial technologies across air, land, sea, space and cyber domains. L3Harris has approximately $17 billion in annual revenue and 50,000 employees, with customers in 130 countries. L3Harris.com.
This press release contains forward-looking statements that reflect management’s current expectations, assumptions and estimates of future performance and economic conditions. Such statements are made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements in this press release include but are not limited to: statements regarding scale, resources, capabilities, technologies and solutions of the company; capturing synergies; creating value for shareholders; capturing new opportunities; and providing guidance and pro forma financial information. The company cautions investors that any forward-looking statements are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements. Factors that may impact the company’s results and forward-looking statements may be disclosed in the company’s filings with the SEC. L3Harris disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.