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L3HARRIS TECHNOLOGIES, INC.

(LHX)
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L3Harris - CREATING A MORE RESILIENT FUTURE, THE LATEST INNOVATIONS BUILT FOR MANAGING DISRUPTIONS

12/07/2021 | 05:06am EST

For one of the first times in 2021, air navigation experts from the public and private sectors gathered in-person at the World Air Traffic Management Congress in Madrid.

The October event drew participation from many global industry players eager to discuss the future of the sector, its plan to recover from the pandemic, and the technologies taking air navigation to the next level.

L3Harris's Jim Eck, vice president of strategy and business development, Mission Networks, and Chris Collings, director of business development, Mission Networks, attended the congress and experienced a positive energy among all attendees about the prospects for aviation, despite the challenges of the past year.

In conversations with peer companies, air traffic experts, customers, and more in Madrid, Eck and Collings gathered three takeaways from 2021 and insights into what lies ahead in the coming years - pointing to an innovative, collaborative future for air navigation service providers (ANSPs) as they build a more resilient future: 1. Post-Pandemic World Raises Focus on Resiliency: The ANSP industry is hopeful, but still addressing the challenges of a world grappling with COVID-19. Industry players are looking for new ways to be efficient and improve resiliency among long-term sustainable businesses toward future disruptions. As air traffic growth continues against the backdrop of aging infrastructure, the ANSP community is focused on innovating smart solutions, like modernizing communications, navigation, and surveillance (CNS) infrastructure to enable scalable architecture and strengthen providers' ability to manage and mitigate present and future issues. Looking forward, resiliency and modernization will be a defining factor of the industry's success. 2. Managed Services Offers a Forward-Thinking Solution: L3Harris is a world leader in providing managed services for air traffic management infrastructure, delivering modernized managed solutions in the US and India. Attendees indicated this approach will continue to scale and transform the global airspace in 2022. 3. Partnerships and Community Improve Global Infrastructure: As the industry looks to create a more resilient future with advanced technologies, a majority of the vendor community members expressed a desire to partner with innovators like L3Harris to make a joint impact. For example, several pointed to potential partnerships focused on the design, planning and execution of future CNS modernization efforts. Many attendees underscored the unique capability of industry partnerships to improve safety and security needs faced by ANSPs world-wide. Additionally, the concept of a potential ANSP coalition was discussed with the goal of strengthening individual buying power and taking advantage of scale and commonality in managing their collective infrastructure.

As the industry flies forward into the new year, ANSPs are better prepared to enter - and help deliver - a new era of air traffic management and innovation. With a focus on creating a resilient future and a commitment to developing advanced technologies, the industry is slated to bring significant change and improvement to our global safety and security. L3Harris is looking forward to sharing its progress at the next World Air Traffic Management Congress in June 2022.

Contact:

Jim Burke

Tel: 321-727-9131

(C) 2021 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2021 17 932 M - -
Net income 2021 1 877 M - -
Net Debt 2021 5 812 M - -
P/E ratio 2021 23,8x
Yield 2021 1,85%
Capitalization 43 317 M 43 317 M -
EV / Sales 2021 2,74x
EV / Sales 2022 2,71x
Nbr of Employees 48 000
Free-Float -
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Christopher Eugene Kubasik Vice Chairman, President, CEO & COO
Jesus Malave Chief Financial Officer & Senior Vice President
William M. Brown Executive Chairman
Ross Niebergall Chief Technology Officer & Vice President
Jacqueline Nevils Chief Information Officer & Vice President
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