Browse Definitions :
Definition

L3 Harris Technologies

L3 Harris Technologies is a military technology contractor. The company is the result of a merger in 2018 between L3 and Harris Technology. L3, which specializes in intelligence, surveillance and reconnaissance (ISR) systems for military and commercial aviation customers, provides communication electronics such as sensor systems, satellite communication systems and computer processors for jets. Harris Technologies makes communications systems for both military and civilian use as well. Its products support battlefield communications, air traffic management and weather monitoring. 

The merger of the two companie, which was announced on October 14, 2018, is expected to make L2 Harris Technologies the seventh largest defense contractorThe company headquarters is set to be in Melbourne, Florida and six directors from each company will serve in the new company's 12-person board. The two companies have a similar corporate culture and the new resulting company is worth a joint value of 33.6 billion dollars. Analyst Carter Copeland compared the potential of the merger to the 1990’s merger of Lockheed and Martin Marietta, which formed the 96 billion dollar Lockheed Martin. Other competitors include General Dynamics, Raytheon and Northrup Grumman. 

This was last updated in November 2018

Continue Reading About L3 Harris Technologies

SearchCompliance
  • ISO 31000 Risk Management

    The ISO 31000 Risk Management framework is an international standard that provides businesses with guidelines and principles for ...

  • pure risk

    Pure risk refers to risks that are beyond human control and result in a loss or no loss with no possibility of financial gain.

  • risk reporting

    Risk reporting is a method of identifying risks tied to or potentially impacting an organization's business processes.

SearchSecurity
SearchHealthIT
SearchDisasterRecovery
  • What is risk mitigation?

    Risk mitigation is a strategy to prepare for and lessen the effects of threats faced by a business.

  • fault-tolerant

    Fault-tolerant technology is a capability of a computer system, electronic system or network to deliver uninterrupted service, ...

  • synchronous replication

    Synchronous replication is the process of copying data over a storage area network, local area network or wide area network so ...

SearchStorage
Close