L3Harris Technologies, Inc., an aerospace and defense technology company, provides mission-critical solutions for government and commercial customers worldwide. The company's Integrated Mission Systems segment provides multi-mission intelligence, surveillance, and reconnaissance (ISR) systems; and communication systems, as well as fleet management support, sensor development, modification, and periodic depot maintenance services for ISR and airborne missions. It also manufactures and integrates mission systems for maritime platforms, such as signals intelligence and multi-intelligence platforms; unmanned surface and undersea autonomous solutions; and power and ship control systems and other electronic and electrical products and systems. In addition, this segment offers advanced electro-optical and infrared solutions. Its Space and Airborne Systems segment offers space payloads, sensors, and full-mission solutions; classified intelligence and cyber defense solutions; mission avionics; and electronic warfare systems. The company's Communication Systems segment provides tactical communications; broadband secured mobile networked communication equipment, including airborne, space, and surface data link terminals, ground stations, and transportable tactical satellite communication (SATCOM) systems for use in manned aircraft, unmanned aerial vehicles, and naval ships; and helmet and weapon mounted integrated night vision systems. This segment also offers radios, systems applications, and equipment for critical public safety and professional communications; and SATCOM terminals and battlefield management networks. Its Aviation Systems segment offers defense aviation products; commercial pilot training; and mission networks solutions for air traffic management. The company was formerly known as Harris Corporation and changed its name to L3Harris Technologies, Inc. in June 2019. L3Harris Technologies, Inc. was founded in 1895 and is headquartered in Melbourne, Florida.

L3Harris Technologies, Inc.

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Income Statement	LTM	Jan '25	Dec '23	Dec '22	Dec '21	Jan '21	Jan '20	Sep '19	Jun '19	Jun '18	Jun '17
Total Revenues	10,925	10,510	19,419	17,062	17,814	18,194	12,856	6,801	5,638	5,038	4,667
Total Revenues %Chg	—	-45.9%	13.8%	-4.2%	-2.1%	41.5%	89%	20.6%	11.9%	7.9%	-3.1%
Revenue
Cost of Sales	8,165	7,802	14,306	12,135	12,438	12,886	9,088	4,467	4,467	4,066	3,854
Cost of Revenue
Gross Profit	2,760	2,708	5,113	4,927	5,376	5,308	3,768	2,334	1,171	972	813
Gross Profit Margin	25.3%	25.8%	26.3%	28.9%	30.2%	29.2%	29.3%	34.3%	20.8%	19.3%	17.4%
Selling, General & Administrative Expenses	1,538	1,854	3,313	2,998	3,280	3,315	2,540	1,242	1,242	1,182	1,150
Engineering, Selling and Administrative Expenses
General and Administrative Expenses
Other Operating Expenses	—	—	374	802	-13	818	-183	-47	—	—	—
Impairment of Goodwill and Other Assets
Asset Group and Business Divestiture-Related Gains, Net
Operating Profit	1,222	854	1,426	1,127	2,109	1,175	1,411	1,139	-71	-210	-337
Operating Margin	11.2%	8.1%	7.3%	6.6%	11.8%	6.5%	11%	16.7%	-1.3%	-4.2%	-7.2%
Interest and Investment Income	—	—	—	—	—	—	13	3	—	2	2
Interest Income
Interest Expense	-288	-348	-543	-279	-265	-254	-217	-169	-167	-170	-172
Interest Expense
Interest Expense, Net
Non-Operating Income	186	174	338	425	439	401	286	188	188	156	166
Non-Operating Income, Net
Non-Service FAS Pension Income and Other, Net
Total Non-Operating Income	-102	-174	-205	146	174	147	82	22	21	-12	-4
Income Before Provision for Income Taxes	1,120	680	1,221	1,273	2,283	1,322	1,493	1,161	-50	-222	-341
Provision for Income Taxes	218	28	23	212	440	234	146	160	160	206	261
Income Taxes
Consolidated Net Income	902	652	1,198	1,061	1,843	1,088	1,347	1,001	-210	-428	-602
Net Income Attributable to Minority Interests and Other	4	-3	29	1	4	33	-12	—	—	—	—
Noncontrolling Interests, Net of Income Taxes
Net Income Attributable to Discontinued Operations	—	—	—	—	-2	-4	-2	-5	-8	-6	-85
Discontinued Operations, Net of Income Taxes
Discontinued Operations, Net of Income Taxes
Net Income Attributable to Common Shareholders	906	649	1,227	1,062	1,846	1,119	1,333	268	949	699	-687
Net Income Attributable to L3Harris
Basic EPS	9.4	7.9	6.5	5.5	9.2	5.2	8	7.1	8.1	5.9	5.1
Diluted EPS	9.3	7.9	6.4	5.5	9.1	5.2	7.9	6.9	7.9	5.8	5
Basic Weighted Average Shares Outstanding	188.1	189.8	189.6	191.8	201.3	214	166	195.9	118	118.6	122.6
Total Shares Outstanding	187.1	189.8	189.8	190.6	193.5	208.2	218.2	221.6	118.6	118.3	119.6
Diluted Weighted Average Shares Outstanding	188.9	190.7	190.6	193.5	203.2	215.9	169	198.9	120.5	121.1	124.3
EBITDA	1,222	1,493	2,592	2,065	3,076	2,207	1,982	1,397	187	49	-26
Effective Tax Rate	19.5%	4.1%	1.9%	16.7%	19.3%	17.7%	9.8%	13.8%	-320%	-92.8%	-76.5%