L3Harris is a defense electronics company that makes communications systems, sensors, ISR platforms, satellites, and solid rocket motors for the U.S. military and allied governments. The U.S. government accounts for roughly 75% of revenue, with international customers — primarily NATO allies and U.S.-aligned militaries — making up about 22% across more than 100 countries. L3Harris operates through four segments (consolidating to three in FY2026): Communications Systems makes software-defined radios, night vision goggles, and public safety communications under a commercial product model that drives ~25% operating margins; Integrated Mission Systems covers airborne ISR and maritime sensors; Space & Airborne Systems covers satellites, airborne electronics, and cyber; and Aerojet Rocketdyne produces solid rocket motors for nearly every major U.S. missile and interceptor program, including PAC-3, THAAD, and Standard Missile. L3Harris uses a mix of cost-plus and fixed-price contracts depending on the program phase. In FY2026, L3Harris plans to spin out its Missile Solutions business in a partial IPO, with the U.S. Department of War making a $1B preferred equity investment to fund capacity expansion. L3Harris positions itself as a "trusted disruptor" — a mid-tier defense company that partners with venture-backed technology firms (Palantir, Anduril, Shield AI) to integrate commercial AI and autonomy into its hardware platforms. The company holds minority stakes in over 40 venture-backed defense technology companies through its Shield Capital relationship.