Effective immediately, L3Harris Technologies has reorganized its business structure from four to three business segments, more closely aligning its portfolio with the future of warfare.
The three business segments and leaders are as follows:
- Space & Mission Systems, led by Sam Mehta
- Communications & Spectrum Dominance, led by Jon Rambeau
- Missile Solutions, led by Ken Bedingfield
In addition, Ken Bedingfield will continue to serve as SVP & CFO, and Ed Zoiss has been appointed VP, Engineering & Innovation.
“This change thoughtfully organizes common business models, technical capabilities and investment priorities,” said Christopher Kubasik, Chairman and CEO, L3Harris. “Enabling the Arsenal of Freedom requires action, and we’re now best poised to deliver the speed, technology and commerciality required by our most important customer - the warfighter.”
Space & Mission Systems (SMS) will integrate satellite and payload capabilities, including missile warning and defense, with maritime, air special missions, and other global defense and civil government programs. Communications & Spectrum Dominance (CSD) will combine all of the company’s capabilities in resilient communications and electronic warfare, while Missile Solutions (MSL) will unite propulsion, hypersonics and other advanced missile technologies.
The company will provide additional details during its earnings call on Jan. 29, including realignment of 2025 financial results into the three-segment structure.
In another development, L3Harris Technologies announced that AE Industrial Partners (“AE Industrial”) has agreed to acquire a controlling interest in L3Harris’ Space Propulsion and Power Systems business at a total enterprise value of $845 million.
Transaction closing is expected in the second half of 2026, subject to obtaining regulatory approvals and satisfaction of other customary closing conditions. L3Harris’ RS-25 rocket engine business is excluded from the sale. L3Harris will retain a ~40% ownership stake in the new space technology business with AE Industrial.
“L3Harris is strongly committed to the Department of War’s (DoW) vision for a faster, more agile defense industrial base while remaining laser-focused on driving value for our shareholders and customers,” said Christopher Kubasik, Chairman and CEO, L3Harris.
“This transaction further aligns the L3Harris portfolio with DoW core mission priorities,” he added.
L3Harris has consistently pursued traditional and non-traditional partnerships to drive business growth and advance critical technologies. Previous space investments of AE Industrial include Firefly Aerospace, RedWire Space and York Space Systems, demonstrating the group’s experience with national security and space exploration markets.
Jefferies LLC acted as exclusive financial advisor to L3Harris.
L3Harris is the Trusted Disruptor in defense tech. With customers’ mission-critical needs always in mind, the company’s employees deliver end-to-end technology solutions connecting the space, air, land, sea and cyber domains in the interest of national security.
