L3Harris - M&A Summary and Business Overview

DefenseCompany

L3Harris M&A Summary

L3Harris has acquired 33 companies, including 2 in the last 5 years. A total of 6 acquisitions came from private equity firms. It has also divested 22 assets.

L3Harris’ largest acquisition to date was in 2015, when it acquired Exelis for $4.8B. It’s largest disclosed sale occurred in 2021, when it sold L3 Harris Technologies - Military Training Business to CAE for $1.1B. L3Harris has acquired in 16 different US states, and 3 countries. The Company’s most targeted sectors include communications (37%) and information technology (20%).

L3Harris Business Overview

Where is L3Harris headquartered?

L3Harris is headquartered in Melbourne, Florida.

What is L3Harris’ revenue?

L3Harris disclosed revenue of 19,419M USD for 2023 and 17,062M USD for 2022.

How many employees does L3Harris have?

L3Harris has 47,000 employees.

What sector is L3Harris in?

L3Harris is a defense company.

When was L3Harris founded?

L3Harris was founded in 1895.

M&A Summary

  • M&A Total Activity52
    • M&A Buy Activity30
    • M&A Sell Activity22
  • Total Sectors Invested 7
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 29
  • M&A Advisors 11

L3Harris

L3 Harris Technologies, Inc.

1025 West NASA Boulevard,
Melbourne, Florida 32919
United States,
(312) 727-9100
www.l3harris.com

L3 Harris is a producer of communications products, systems and services for global markets, including RF communications, integrated network solutions and government communications systems. L3Harris Technologies was founded in 1895 and is based in Melbourne, Florida.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 28 - - 2 - - 30
vol $7.0B $6.7B $13.6B
Sell (2.0/yr) # 12 2 5 1 2 - 22
vol $2.4B $1.0B $1.5B $5M $700M $5.6B
  52

Most Recent M&A

Company Date Value Type
L3Harris’ Commercial Aviation Solutions (CAS) 2023-11-27 700M USD Divestiture
Melbourne, Florida
L3Harris Technologies, Inc.’s Visual Information Solutions (“VIS”) 2023-04-10 - Divestiture
Melbourne, Florida
Aerojet Rocketdyne Holdings, Inc. 2022-12-18 4.7B USD Add-on Acquisition
El Segundo, California · www.aerojetrocketdyne.com
Viasat’s Tactical Data Link Business 2022-10-03 2.0B USD Divestiture
Carlsbad, California
L3Harris Technologies - Space & Navigation Business 2022-02-15 5M USD Divestiture
Melbourne, Florida
Narda-MITEQ 2021-12-07 - Divestiture
Hauppauge, New York · www.nardamiteq.com
L3 ESSCO, Inc. 2021-09-06 - Divestiture
Ayer, Massachusetts
Stellant Systems 2021-08-03 - Divestiture
Torrance, California · www.stellantsystems.com
L3 Harris Technologies - Military Training Business 2021-03-01 1.1B USD Divestiture
Tampa, Florida
L3 Harris Technologies, Inc. - Combat Propulsion Systems Business and Magnet-Motors 2021-03-01 400M USD Divestiture
Melbourne, Florida
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Communications 11 (37%) 3.0B (22%) 2 (9%) 690M (12%)
Information Technology 6 (20%) 5.4B (39%) 1 (5%) -
Technology Hardware 4 (13%) 134M (1%) 3 (14%) 475M (9%)
Software 5 (17%) 395M (3%) - -
Aerospace 2 (7%) 4.7B (35%) 2 (9%) 910M (16%)
Electrical Equipment 1 (3%) - 3 (14%) -
Electronics - - 3 (14%) 5M (< 1%)
Safety/Security - - 2 (9%) 1.4B (24%)
Semiconductors - - 2 (9%) 700M (13%)
Test/Measurement Equipment 1 (3%) - - -
Defense - - 1 (5%) 1.1B (19%)
Healthcare Services - - 1 (5%) -
Machinery - - 1 (5%) 400M (7%)
Manufacturing - - 1 (5%) -
Total 30 $13.6B 22 $5.6B

By Geo

State/Country Buy Value Sell Value
United States 27 13.6B 22 5.6B
  Florida 2 23M 7 2.2B
  California 5 6.8B 2 50M
  Virginia 4 5.2B 2 1.0B
  Texas 3 525M 2 425M
  Massachusetts 1 - 2 1.0B
  Ohio 1 - 1 -
  New York 1 - 1 -
  New Jersey 1 35M - -
  Missouri 1 32M - -
  Indiana 1 - - -
  Colorado 1 340M - -
  Arizona 1 155M - -
  Washington 1 134M - -
  Pennsylvania 1 - - -
  Oregon 1 - - -
Canada 2 - - -
  Alberta 1 - - -
Ireland 1 - - -
Domestic 27 (90%) 13.6B (100%) 22 (100%) 5.6B (100%)
Cross-border 3 (10%) - - -
Total 30 $13.6B 22 $5.6B

Top M&A Advisors

Financial Deals
Morgan Stanley
5
Houlihan Lokey
2
Moelis & Co.
1
Legal Deals
Sullivan & Cromwell
6
Holland & Knight
2
Simpson Thacher & Bartlett
1

Deal Values

buy # Total
> $1B 3 $11.4B
$100M to $1B 6 $2.0B
< $100M 6 $251M
TOTAL $13.6B
Largest Exelis, Inc.
$4.8B (2015-02-06)
sell # Total
> $1B 2 $2.1B
$100M to $1B 7 $3.5B
< $100M 2 $55M
TOTAL $5.6B
Largest L3 Harris Technologies - Military Training Business
$1.1B (2021-03-01)

M&A Connections

Deals
Acquired from
Investor(s)
10%
3 (10%)
Strategic(s)
13%
4 (13%)
Divested to
Investor(s)
27%
6 (27%)
Strategic(s)
68%
15 (68%)

 Subscribe to unlock this and 202,656
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB


Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.6K Private Equity Firms
  • 194K M&A Transactions
  • 198K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.6K M&A Advisors
    (Investment Banks and Law Firms)
  • 75K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.