L3Harris Technologies has revealed a new streamlined structure of its core business segments.
As part of the new alignment and organisation, L3Harris has moved from four focused business segments to three, namely integrated mission systems, communication systems, and space and airborne systems.
It is the result of ‘portfolio shaping’ work that the company started in 2019.
The process focuses on streamlining high-growth and technology-differentiated businesses.
L3Harris Technologies vice-chair and CEO Christopher E Kubasik said: “Our customers and partners know L3Harris brings to bear cutting-edge capabilities to tackle some of our most complex national security problems.
“Our business segments will continue to lead market innovation in their focus areas, fuelling advanced solutions for the toughest operational challenges.”
L3Harris claimed that the company established itself as a ‘prime defence contractor’ to support US and international missions in 30 months.
The company is now focused on delivering disruptive capability developments for urgent mission needs.
Kubasik said: “Our intent remains clear: Be the trusted disruptor for US, allied, and partner national security endeavours.
“This lean approach will deliver resilient, innovative end-to-end solutions that propel timely mission success for our customers.”
In July last year, L3Harris closed the sale of its military training business to CAE for $1.05bn in cash.
The company simultaneously closed the sale of its combat propulsion systems and associated businesses to RENK AG for $400m in cash.