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L3Harris Technologies, Inc.
As of May 18, 2026 at 24:05 UTC
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About L3Harris Technologies, Inc.
In addition to its legacy software-defined radio franchise, L3Harris Technologies has through a series of acquisitions established franchises producing uncrewed aerial vehicles, sensors, avionics, space-based systems, missiles, and solid rocket motors. It is also adept at refitting civilian aircraft for military use, provides military and commercial training services, and maintains the US Federal Aviation Administration's communications infrastructure.
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Latest News
5 articlesIsrael has requested permission to purchase 10,000 APKWS rockets from BAE Systems for $992.4 million to defend against potential drone attacks following the Iran conflict. The order, combined with a similar 10,000-unit purchase by Qatar, will consume nearly one full year of BAE's production capacity, positioning the company in a seller's market with expected higher profit margins.
Michael Burry criticized Palantir Technologies' valuation after the stock dropped 7% following earnings, arguing that at ~$350 billion market cap, investors could instead purchase major defense contractors Northrop Grumman, General Dynamics, Lockheed Martin, and L3Harris combined. Burry contends Palantir's AI and government software narrative may already be fully priced in.
The military communications market is valued at USD 37.7 billion in 2026 and is projected to reach USD 50.09 billion by 2031, growing at a CAGR of 5.85%. Growth is driven by rising geopolitical tensions, increased military deployments, and technological advancements including AI-driven spectrum management, software-defined radios, and LEO satellite constellations. North America leads the market while Asia-Pacific emerges as the fastest-growing region.
Chinese eVTOL company Autoflight has successfully tested a 5-ton freight aircraft (Matrix V5000) with 1.5-ton cargo capacity and plans for a hybrid version with 930-mile range. This freight-focused approach could be more lucrative than the passenger air-taxi market that U.S. competitors Joby Aviation and Archer Aviation are pursuing. While Autoflight hasn't disclosed pricing or launch dates, the lack of regulatory clarity for U.S. eVTOLs gives the Chinese competitor a potential advantage.
Saronic, a privately-held defense company specializing in uncrewed autonomous warships, has raised $1.75 billion in funding at a $9.25 billion valuation. The company recently won a $392 million Navy contract and plans to scale production of its robotic vessels, including the 180-foot Marauder capable of carrying cruise missiles. An IPO may be forthcoming as demand for shares grows.
