TacticScaleWhat L3Harris Technologies Does & How It Makes Money (LHX)
Updated October 2026 · reflects L3Harris Technologies's latest reported financials
U.S. defense contractor making satellites, missiles, radios and night-vision gear. It earns revenue mainly by selling systems, equipment and program work to the U.S.
How L3Harris Technologies makes money
It earns revenue mainly by selling systems, equipment and program work to the U.S. Department of Defense and other government agencies, along with international defense customers and some commercial buyers, across three segments: space, communications and missiles.
What L3Harris Technologies does
L3Harris Technologies is a Melbourne, Florida-based aerospace and defense company whose roots go back to 1895. Formerly Harris Corporation, it took its current name in June 2019. It supplies mission-critical technology mainly to the U.S. Department of Defense, other federal and state agencies, international governments, and some commercial customers. The business runs through three segments. Space & Mission Systems combines satellites and payloads, including missile warning and defense, with maritime and air special-mission programs. Communications & Spectrum Dominance, which serves a wide range of customers, covers tactical radios, waveforms, satellite terminals, battlefield systems, broadband communications, night vision and weapon sights, and public safety radios. Missile Solutions brings together propulsion, hypersonic and other advanced missile technologies.
Products & services
- Missile warning and defense satellites and payloads
- Missile propulsion and hypersonic technologies
- Tactical radios, waveforms and satellite terminals
- Helmet-mounted night vision goggles and weapon sights
- Public safety radios and systems
- Air special mission and maritime systems
What is L3Harris Technologies worth?
On an owner-earnings DCF, L3Harris Technologies's most-likely value is about $296 versus a recent price near $237 (25% below fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~$162) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.
Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →
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