L3Harris CEO William Brown on 2020 Revenue, Workforce Growth Projections

William Brown
William Brown

William Brown, CEO of L3Harris Technologies and former Wash100 awardee, has said the company is making progress in its technology development and expansion efforts despite experiencing disruptions amid the COVID-19 pandemic, Florida Today reported Friday.

L3Harris expects its 2020 revenue to increase by 3 to 5 percent to $18.3B to $18.6B, according to the report. The new projection is lower than the company’s May 2020 forecast which estimated a 5 to 7 percent increase in revenue.

The company attributes the decline to reduced air traffic activity and impacts to the flight training and commercial aviation markets. The decrease additionally reflects lowered public-safety demands and risks of supply-chain disruptions, the report states.

However, Brown noted that L3Harris expects to expand its workforce by an additional 100 employees in Florida’s Space Coast over the next year.

According to Florida Today, the company has contributed to the rise in local employment to 7.6K following the merger of L3 technologies and Harris which closed in July 2019.

Brown added that L3Harris is “paying a lot of attention to our supply base” following its efforts to accelerate $100M in payments to suppliers. L3Harris has made over $200M in accelerated payments to date, the report noted.

Brown’s comments come after Leidos completed its $1B purchase of L3Harris’ airport security detection and automation business units in May.

You may also be interested in...


Microsoft Azure Government Now Offers 142 Services With FedRAMP’s High Provisional Authorization

Microsoft now has 142 cloud services certified with high provisional authorization to operate under the Federal Risk and Authorization Management Program, which aims to standardize the security of cloud products used in the federal government. The company said in a blog post published Thursday its offerings under the Azure Government cloud work to boost the security and compliance of federal agencies.

MCR Federal

MCR Federal Working to Provide Space Force With Modernized C2 Software

MCR Federal secured a contract in May to help the U.S. Space Force implement new command and control software equipped with modernized applications in an effort to replace aging space C2 software tools.

X-57 Maxwell

NASA to Hold High-Voltage Ground Tests for X-57 Electric Aircraft

NASA is slated to conduct ground tests for high-voltage operation of an experimental plane being designed by Empirical Systems Aerospace to help the agency create certification requirements for electric aircraft units.