L3Harris Technologies
-0.7 %
-1.53 %
Yet to be announced
Company Overview
L3Harris Technologies, Inc. provides mission-critical solutions for government and commercial customers. Its Integrated Mission Systems segment provides multi-mission intelligence, surveillance, and reconnaissance (ISR) systems. Its Space and Airborne Systems segment offers space payloads, sensors, and full-mission solutions. The company was formerly known as Harris Corporation.
Revenue Sources
PassBased on the company's SEC filings and financial reports, L3Harris Technologies derives a significant portion of its revenue from military and defense contracts, including weapons systems and military equipment. While these products are used for national defense purposes, they are not inherently haram as they serve legitimate security purposes.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| March 28, 2025 | $5.13b | $4.61b | - | - | 0.00% | 0.00% |
| Jan. 3, 2025 | $5.52b | $4.95b | - | - | 0.00% | 0.00% |
| Sept. 27, 2024 | $5.29b | $4.96b | - | $166.0m | 0.00% | 3.34% |
| June 28, 2024 | $5.3b | $5.0b | - | $172.0m | 0.00% | 3.44% |
Looking at the last four quarters of financial data: Interest expenses ranged from $166M to $176M per quarter, while total expenses ranged from $4.96B to $5.36B. The interest expense to total expense ratio consistently remained below 3.5%, indicating that interest is not a material part of the company's business model.
Operational Ethics
FailL3Harris has contracts with the Israeli military and maintains operations in Israel. The company provides military communication systems and other defense technologies to the Israeli Defense Forces (IDF). These ongoing relationships with the state of Israel are material and substantial.
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