L3Harris Technologies, Inc. Common Stock (LHX)

Competitors to L3Harris Technologies, Inc. Common Stock (LHX)

BAE Systems PLC

BAE Systems and L3Harris are competitors in the defense sector, where they offer products and solutions related to electronics, systems integration, and security. BAE has a strong presence in land, air, maritime, and cyber domains, while L3Harris primarily focuses on communication technologies and electronic warfare. BAE Systems is often seen to have a competitive advantage through its established international presence and comprehensive defense solutions, which allows it to cater to a wide range of global clients, enhancing its position in the market.

General Dynamics Corporation 

General Dynamics competes with L3Harris through its wide array of services in defense, IT, and aerospace. While L3Harris focuses primarily on communications and electronic systems, General Dynamics has a more diversified portfolio, including armored vehicles, submarines, and IT services. Although both companies serve government and military clients, General Dynamics possesses a notable advantage in large government contracts and a broader reach in terms of product offerings, allowing it a more stable revenue flow from various sectors.

Lockheed Martin Corporation 

Lockheed Martin is a dominant player in the defense, aerospace, and technology sectors, directly competing with L3Harris in advanced technologies for military applications, including communication systems and missile technology. While L3Harris has carved a niche in electronic systems and secure communications, Lockheed Martin leads in large-scale defense projects and high-profile contracts, giving it a significant advantage in research, development, and manufacturing capabilities. Additionally, Lockheed Martin's extensive defense portfolio and international collaboration opportunities position it ahead in the competitive landscape.

Northrop Grumman Corporation 

Northrop Grumman competes with L3Harris in the aerospace and defense sectors, particularly in areas such as unmanned systems, cybersecurity, and advanced communication solutions. Both companies provide critical technologies for government and military applications, with Northrop Grumman often focusing on large-scale systems integration and aerospace platforms, while L3Harris emphasizes communication and electronic systems. Northrop Grumman has a competitive advantage due to its extensive experience in major defense contracts and a strong foothold in unmanned aerial vehicles (UAVs).

Raytheon Technologies Corporation 

Raytheon Technologies and L3Harris compete primarily in the defense and aerospace sectors, offering advanced technologies in missile systems, radar technology, and electronic warfare. Raytheon benefits from its well-established reputation and diverse range of products across both commercial and defense markets, which allows it to leverage synergies between different business units. The company has a competitive edge in missile defense systems and integrated defense solutions, highlighting its strength in the broader scope of defense contracting.