L3Harris Technologies has reorganized its business structure, reducing the segments from four to three.
The reorganization aims to align the company's portfolio with the future of warfare.
The three new business segments are Space & Mission Systems, Communications & Spectrum Dominance, and Missile Solutions.
Business Reorganization
L3Harris Technologies has consolidated its business segments to three, focusing on the future of warfare and customer needs.
New Business Leaders
The reorganization has appointed new leaders for each segment to drive strategic growth and innovation.
Financial Realignment
The company plans to provide details on the financial realignment during the upcoming earnings call on Jan. 29.
- The integration of satellite and payload capabilities in Space & Mission Systems will enhance defense and civil government programs.
- Combining capabilities in resilient communications and electronic warfare under Communications & Spectrum Dominance strengthens the company's offerings in modern warfare technologies.
L3Harris Technologies' reorganization signifies a strategic shift towards a more agile and customer-centric structure, better positioned to meet the evolving demands of the defense industry.