{"slug":"l3harris","name":"L3해리스","name_en":"L3Harris","ticker":"LHX","updated_at":"2026-07-12T03:53:12.305+00:00","canonical":"https://valuechain.wiki/l3harris","same_as":["https://finance.yahoo.com/quote/LHX","https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=202058"],"citable":"밸류체인 그래프 기준 L3해리스의 직접 연결 기업은 4곳(관계 기준 공급 1·매출 3)이고, 사슬을 2차까지 넓히면 9곳에 닿는다. 링크의 근거 출처는 12건이며 그중 1차공시가 1건이다 (valuechain.wiki, 2026-07-12 기준).","citable_en":"Per the valuechain.wiki graph, L3Harris is directly linked to 4 companies (1 supply, 3 revenue relationships) and reaches 9 companies within two hops; the links are backed by 12 dated sources, 1 of them primary filings (as of 2026-07-12).","kicker":"미 국방 통신·우주·추진의 수직계열 프라임","kicker_en":"Vertically integrated U.S. defense prime in comms, space and propulsion","lead":"L3해리스는 통신·센싱·우주·미사일 추진을 아우르는 미국 방위산업 프라임이다. FY2025(2026년 1월 2일 종료) 매출은 218억6,500만 달러로 전년 대비 약 2.5% 늘었고, 미 정부 고객 비중이 75%에 달해 매출 집중도가 매우 높다. 4개 부문(Space & Airborne Systems, Integrated Mission Systems, Communication Systems, Aerojet Rocketdyne)으로 보고하며, 2023년 인수한 Aerojet Rocketdyne을 통해 고체·액체 로켓모터와 미사일 추진까지 내재화했다. 회계연도말 수주잔고는 387억 달러로 전년비 13% 증가했고 이 중 269억 달러가 확정(funded) 잔고다. 우주 접점은 광범위하다. 우주개발청(SDA)의 추적층(Tracking Layer) 위성을 Tranche 0~3에 걸쳐 공급하고, NASA의 SLS/Artemis용 RS-25 엔진을 생산하며, Firefly Alpha 로켓으로 자사 위성을 발사하고, 자회사 ARDÉ가 Intuitive Machines의 달 착륙선용 압력용기를 공급한다. FY2025 중 상업항공(CAS) 사업을 매각했고, RS-25를 제외한 일부 우주기술(Space Technology) 사업은 AE Industrial에 60% 지분을 넘겨 40% 잔여지분만 보유하기로 합의했다.","lead_en":"L3Harris is a U.S. defense prime spanning communications, sensing, space and missile propulsion. FY2025 revenue (fiscal year ended January 2, 2026) was $21.865 billion, up about 2.5% year over year, with U.S. Government customers accounting for 75% of revenue, an extremely concentrated customer base. It reports in four segments: Space & Airborne Systems, Integrated Mission Systems, Communication Systems and Aerojet Rocketdyne. The 2023 Aerojet Rocketdyne acquisition brought solid and liquid rocket motors and missile propulsion in-house. Contractual backlog at fiscal year-end was $38.7 billion, up 13% year over year, of which $26.9 billion was funded. Its space footprint is broad: it supplies Space Development Agency Tracking Layer satellites across Tranches 0 through 3, produces RS-25 engines for NASA's SLS/Artemis program, launches its own satellites on Firefly's Alpha rocket, and through subsidiary ARDÉ supplies pressure vessels for Intuitive Machines' lunar landers. During FY2025 it divested its Commercial Aviation Solutions business and agreed to transfer a Space Technology disposal group (excluding the RS-25 business) to AE Industrial, retaining a 40% noncontrolling interest.","segments":{"parts":[{"name":"Space & Airborne Systems (SAS) — 매출 $6,946M"},{"name":"Integrated Mission Systems (IMS) — 매출 $6,630M"},{"name":"Communication Systems (CS) — 매출 $5,673M"},{"name":"Aerojet Rocketdyne (AR) — 매출 $2,845M"}],"total":"FY2025 총매출 $21,865M (전년 $21,325M 대비 +2.5%)","concentration":"미 정부 75%·해외(FMS 포함) $4.8B(22%)·고정가 계약 75%·5% 초과 단일고객 없음"},"segments_en":{"parts":[{"name":"Space & Airborne Systems (SAS) — revenue $6,946M"},{"name":"Integrated Mission Systems (IMS) — revenue $6,630M"},{"name":"Communication Systems (CS) — revenue $5,673M"},{"name":"Aerojet Rocketdyne (AR) — revenue $2,845M"}],"total":"FY2025 total revenue $21,865M (vs $21,325M prior year, +2.5%)","concentration":"U.S. Government 75%; international (incl. FMS) $4.8B (22%); fixed-price contracts 75%; no single customer above 5%"},"returns_yearly":{"2021":15,"2022":-0.5,"2023":3.7,"2024":1.9,"2025":42.3,"2026":-0.2},"return_asof":"2026-07-10","value_chain":{"leading":[{"slug":"airbus","name":"에어버스","name_en":"Airbus","tier":3,"returns_yearly":{"2021":34.8,"2022":3.9,"2023":30.5,"2024":15,"2025":18.3,"2026":3.9}},{"slug":"boeing","name":"보잉","name_en":"Boeing","tier":3,"returns_yearly":{"2021":-6,"2022":-5.4,"2023":36.8,"2024":-32.1,"2025":22.7,"2026":2.4}},{"slug":"textron","name":"텍스트론","name_en":"Textron","tier":2,"returns_yearly":{"2021":59.9,"2022":-8.2,"2023":13.7,"2024":-4.8,"2025":14.1,"2026":4.3}},{"slug":"leonardo","name":"Leonardo","name_en":"Leonardo S.p.A.","tier":2,"returns_yearly":{"2021":11.3,"2022":50.3,"2023":73.6,"2024":89.1,"2025":88.1,"2026":-6.8}},{"slug":"kai","name":"한국항공우주산업 (KAI)","name_en":"Korea Aerospace Industries","tier":2,"returns_yearly":{"2021":15.4,"2022":34.6,"2023":7,"2024":5.5,"2025":217.9,"2026":-14}},{"slug":"lockheed-martin","name":"Lockheed Martin","name_en":"Lockheed Martin","tier":1,"returns_yearly":{"2021":3.2,"2022":40.5,"2023":-4.3,"2024":10,"2025":2.5,"2026":9.5}},{"slug":"rtx","name":"RTX","name_en":"RTX","tier":1,"returns_yearly":{"2021":23.3,"2022":20,"2023":-14.4,"2024":40.8,"2025":61.4,"2026":7.6}},{"slug":"intuitive-machines","name":"인튜이티브 머신스","name_en":"Intuitive Machines","tier":1,"returns_yearly":{"2022":3.7,"2023":-74.4,"2024":610.8,"2025":-10.6,"2026":-0.6}}],"benefiting":[{"slug":"firefly-aerospace","name":"파이어플라이 에어로스페이스","name_en":"Firefly Aerospace","tier":1,"returns_yearly":{"2026":7.7}},{"slug":"spacex","name":"스페이스X","name_en":"SpaceX","tier":2,"returns_yearly":{"2026":0.7}},{"slug":"northrop-grumman","name":"노스럽 그러먼","name_en":"Northrop Grumman","tier":2,"returns_yearly":{"2021":29.3,"2022":43,"2023":-12.8,"2024":1.9,"2025":23.6,"2026":-4.6}},{"slug":"stmicroelectronics","name":"ST마이크로일렉트로닉스","name_en":"STMicroelectronics","tier":3,"returns_yearly":{"2021":32.4,"2022":-26.8,"2023":41.7,"2024":-49.7,"2025":5.3,"2026":176.6}}],"analysis":"L3해리스의 논지는 인수를 통해 통신·우주·미사일 추진을 수직계열화한 미 국방 프라임이라는 구조다. FY2025 매출 $218.65억(+2.5%)에 미 정부 비중 75%로 실적 안정성이 높고, 수주잔고 $387억(확정 $269억)이 향후 매출을 선확정한다. 2023년 Aerojet Rocketdyne 인수로 고체·액체 로켓모터를 내재화해, 록히드·RTX가 프라임인 PAC-3 MSE·재블린 등 미사일 프로그램에 유일 SRM 공급사로 올랐고 미사일 수요 급증이 이 부문의 성장을 끈다. 우주에서는 SDA 추적층 위성(Tranche 3 최대 $843M)·NASA RS-25 엔진·Firefly 발사·Intuitive Machines 압력용기로 접점이 넓다. FY2025 중 상업항공 매각과 우주기술 일부 지분 이전(RS-25 제외)으로 방산 코어에 집중했다. 재평가 트리거는 미사일 SRM 캐파 확장, SDA 추적층 후속 수주, 그리고 국방예산·해외군사판매(FMS) 흐름이다.","analysis_en":"L3Harris's thesis is a U.S. defense prime that vertically integrated communications, space and missile propulsion through acquisition. FY2025 revenue of $21.865B (+2.5%) with 75% U.S. Government share gives high earnings stability, and a $38.7B backlog ($26.9B funded) pre-commits future sales. The 2023 Aerojet Rocketdyne acquisition brought solid and liquid rocket motors in-house, making it the sole SRM supplier on missile programs where Lockheed and RTX are prime — PAC-3 MSE, Javelin and more — and surging missile demand drives that segment. In space its footprint is broad: SDA Tracking Layer satellites (Tranche 3 up to $843M), NASA RS-25 engines, Firefly launches and Intuitive Machines pressure vessels. During FY2025 it divested Commercial Aviation and transferred part of Space Technology (excluding RS-25) to focus on the defense core. Re-rating triggers are missile SRM capacity expansion, follow-on SDA Tracking Layer awards, and the defense-budget and foreign-military-sales flow.","analysis_asof":"2026-07-09"},"edges":[{"direction":"revenue","counterparty":"Space Development Agency","counterparty_slug":null,"confidence":"high","metric":{"type":"contract_value","unit":"USD million","as_of":"2025-12-19","basis":"SDA Tranche 3 추적층 18기 최대 $843M 수주","value":843,"period":"2025-12","basis_en":"SDA Tranche 3 Tracking Layer, 18 satellites, up to $843M award"},"note":"미 우주개발청(SDA)의 확산형 전투우주구조(PWSA) 추적층 위성을 다세대에 걸쳐 공급한다. 2025년 12월 Tranche 3에서 적외선 위성 18기를 최대 8억4,300만 달러에 수주했고, Tranche 0 4기가 궤도에 있으며 Tranche 1·2에서 34기가 개발 중이다. 극초음속·탄도미사일 추적을 담당하는 핵심 우주 접점이다.","note_en":"L3Harris supplies the Space Development Agency's Proliferated Warfighter Space Architecture Tracking Layer across generations. In December 2025 it won up to $843 million for 18 infrared satellites in Tranche 3; it has four Tranche 0 satellites on orbit and 34 in development across Tranches 1 and 2. This is a core space relationship for hypersonic and ballistic missile tracking.","sources":[{"stance":"mentions","publisher":"스페이스뉴스","publisher_en":"SpaceNews","kind":"news","lang":"en","published_at":"2025-12-19","url":"https://spacenews.com/space-development-agency-awards-3-5-billion-in-contracts-for-missile-tracking-satellites/","title":"우주개발청, 미사일 추적 위성에 35억 달러 계약 발주","title_en":"Space Development Agency awards $3.5 billion in contracts for missile-tracking satellites","excerpt":"The Other Transaction Authority agreements were awarded to teams led by Lockheed Martin, Rocket Lab USA, Northrop Grumman and L3Harris Technologies, to each deliver and operate 18 space vehicles for Tranche 3.","excerpt_en":"The Other Transaction Authority agreements were awarded to teams led by Lockheed Martin, Rocket Lab USA, Northrop Grumman and L3Harris Technologies, to each deliver and operate 18 space vehicles for Tranche 3."},{"stance":"confirms","publisher":"L3Harris","publisher_en":"L3Harris","kind":"ir","lang":"en","published_at":"2025-12-19","url":"https://www.l3harris.com/newsroom/press-release/2025/12/space-development-agency-awards-l3harris-843-million-contract","title":"Space Development Agency Awards L3Harris $843 Million Contract for Tracking Layer Satellites","title_en":"Space Development Agency Awards L3Harris $843 Million Contract for Tracking Layer Satellites","excerpt":"L3Harris received a contract to build 18 infrared satellites for the Tranche 3 Tracking Layer, valued up to $843 million, delivering higher resolution infrared sensing, advanced on-orbit data processing and real-time detection of hypersonic and ballistic missile threats.","excerpt_en":"L3Harris received a contract to build 18 infrared satellites for the Tranche 3 Tracking Layer, valued up to $843 million, delivering higher resolution infrared sensing, advanced on-orbit data processing and real-time detection of hypersonic and ballistic missile threats."}]},{"direction":"revenue","counterparty":"U.S. Government","counterparty_slug":null,"confidence":"high","metric":{"type":"revenue_share","unit":"%","as_of":"2026-01-02","basis":"10-K: 미 정부 매출 비중 75%(FY2024 76%, FY2023 76%)","value":75,"period":"FY2025","basis_en":"10-K: U.S. Government revenue share 75% (76% FY2024, 76% FY2023)"},"note":"미 정부(국방부, 현 명칭 DoW·연방기관)가 직접 또는 프라임 하도급·해외군사판매(FMS) 경로로 FY2025 매출의 75%를 차지한다. 다른 어떤 단일 고객도 매출의 5%를 넘지 않아 정부 의존도가 절대적이다.","note_en":"The U.S. Government (Department of War/DoW and federal agencies), directly or through prime subcontracts and foreign military sales, accounted for 75% of FY2025 revenue. No other single customer exceeded 5%, making government dependence structural.","sources":[{"stance":"confirms","publisher":"미국 증권거래위원회(SEC EDGAR)","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2026-02-12","url":"https://www.sec.gov/Archives/edgar/data/202058/000020205826000015/hrs-20260102.htm","title":"L3Harris Technologies FY2025 Form 10-K","title_en":"L3Harris Technologies FY2025 Form 10-K","excerpt":"In fiscal 2025, the percentage of our revenue that was derived from sales to U.S. Government customers, whether directly or through prime contractors, including foreign military sales funded through the U.S. Government, was 75% and no other customer accounted for more than 5% of our revenue.","excerpt_en":"In fiscal 2025, the percentage of our revenue that was derived from sales to U.S. Government customers, whether directly or through prime contractors, including foreign military sales funded through the U.S. Government, was 75% and no other customer accounted for more than 5% of our revenue."}]},{"direction":"cost","counterparty":"Firefly Aerospace","counterparty_slug":"firefly-aerospace","confidence":"high","metric":{"type":"contracted_units","unit":"발사(최대)","as_of":"2024-08-07","basis":"Alpha 최대 20회(연 2~4회) + 기존 2026년 3회","value":20,"period":"2027-2031","basis_en":"Up to 20 Alpha launches (2-4/yr) plus existing 3 in 2026"},"note":"L3Harris는 Firefly Alpha 로켓으로 자사 위성을 저궤도에 발사하는 발사 서비스 고객이다. 2024년 8월 2차 복수발사 계약으로 2027~2031년 연 2~4회, 최대 20회를 추가 확보했으며, 이는 2026년 3회 발사의 기존 계약에 더한 것이다. (기존 firefly 노드 revenue 엣지의 미러)","note_en":"L3Harris is a launch-services customer of Firefly, launching its own satellites to low-Earth orbit on the Alpha rocket. An August 2024 second multi-launch agreement added up to 20 launches at two to four per year from 2027 to 2031, on top of an existing agreement for three Alpha missions in 2026. (Mirror of the existing firefly node revenue edge.)","sources":[{"stance":"confirms","publisher":"Firefly Aerospace","publisher_en":"Firefly Aerospace","kind":"ir","lang":"en","published_at":"2024-08-07","url":"https://fireflyspace.com/news/firefly-aerospace-announces-second-multi-launch-agreement-with-l3harris-for-up-to-20-alpha-launches/","title":"Firefly Aerospace Announces Second Multi-Launch Agreement with L3Harris for up to 20 Alpha Launches","title_en":"Firefly Aerospace Announces Second Multi-Launch Agreement with L3Harris for up to 20 Alpha Launches","excerpt":"up to 20 launches on Firefly's Alpha rocket... two to four missions per year from 2027 to 2031... Firefly's existing multi-launch agreement with L3Harris for three Alpha missions in 2026.","excerpt_en":"up to 20 launches on Firefly's Alpha rocket... two to four missions per year from 2027 to 2031... Firefly's existing multi-launch agreement with L3Harris for three Alpha missions in 2026."},{"stance":"mentions","publisher":"스페이스플라이트나우","publisher_en":"Spaceflight Now","kind":"news","lang":"en","published_at":"2024-08-07","url":"https://spaceflightnow.com/2024/08/07/firefly-aerospace-announces-contract-with-l3harris-for-up-to-20-launches-on-alpha-rocket/","title":"Firefly, Alpha 로켓 최대 20회 L3Harris 발사 계약 발표","title_en":"Firefly Aerospace announces contract with L3Harris for up to 20 launches on Alpha rocket","excerpt":"Firefly Aerospace announced a contract with L3Harris for up to 20 launches on the Alpha rocket, launching L3Harris spacecraft into low-Earth orbit from Vandenberg Space Force Base.","excerpt_en":"Firefly Aerospace announced a contract with L3Harris for up to 20 launches on the Alpha rocket, launching L3Harris spacecraft into low-Earth orbit from Vandenberg Space Force Base."}]},{"direction":"revenue","counterparty":"Intuitive Machines","counterparty_slug":"intuitive-machines","confidence":"high","metric":{"type":"units_per_unit","unit":"탱크/착륙선","as_of":"2025-02-12","basis":"Nova-C 착륙선 1대당 ARDÉ 압력용기 2기","value":2,"period":"2025","basis_en":"Two ARDÉ pressure vessels per Nova-C lander"},"note":"L3Harris 자회사 ARDÉ가 Intuitive Machines의 Nova-C 달 착륙선용 경량 복합재 압력용기(COPV/헬륨탱크)를 공급한다. 착륙선 1대당 동일한 탱크 2기가 들어가며 추진계 가압에 쓰인다. IM-1(Odysseus)·IM-2에 탑재됐다. (기존 intuitive-machines 노드 cost 엣지의 미러)","note_en":"L3Harris subsidiary ARDÉ supplies lightweight composite-overwrapped pressure vessels (COPV/helium tanks) for Intuitive Machines' Nova-C lunar lander. Each lander uses two identical tanks to pressurize the propulsion system; they flew on IM-1 (Odysseus) and IM-2. (Mirror of the existing intuitive-machines node cost edge.)","sources":[{"stance":"confirms","publisher":"L3Harris","publisher_en":"L3Harris","kind":"news","lang":"en","published_at":"2025-02-12","url":"https://www.l3harris.com/newsroom/editorial/2025/02/l3harris-delivers-intuitive-machines-im-2-nova-c-lunar-lander","title":"L3Harris, 인튜이티브 머신스 IM-2 Nova-C 착륙선용 부품 납품","title_en":"L3Harris Delivers for Intuitive Machines IM-2 Nova-C Lunar Lander","excerpt":"ARDÉ is the nation's leading supplier of highly reliable, lightweight pressure vessels for space applications... the current supplier to Intuitive Machines for its Nova-C landers... each Nova-C lander requiring two identical tanks.","excerpt_en":"ARDÉ is the nation's leading supplier of highly reliable, lightweight pressure vessels for space applications... the current supplier to Intuitive Machines for its Nova-C landers... each Nova-C lander requiring two identical tanks."}]},{"direction":"revenue","counterparty":"NASA","counterparty_slug":null,"confidence":"high","metric":{"type":"relationship","as_of":"2026-01-02","basis":"10-K AR 부문이 NASA 대상 추진·동력 시스템 공급 명시; RS-25 신규 엔진 인수시험 완료","period":"FY2025","basis_en":"10-K states AR segment supplies propulsion/power systems to NASA; new RS-25 engines completing acceptance tests","qualifier":"confirmed_no_disclosed_value"},"note":"Aerojet Rocketdyne(현 L3Harris)가 NASA의 우주발사시스템(SLS)/아르테미스 프로그램에 RS-25 코어스테이지 엔진을 생산·공급한다. 2015년 생산 재개 계약 이후 신규 엔진을 제작해왔으며 SLS 코어스테이지 한 대당 RS-25 4기가 장착된다. RS-25는 우주기술 사업 매각에서도 제외돼 L3Harris가 계속 보유한다.","note_en":"Aerojet Rocketdyne (now L3Harris) produces and supplies RS-25 core-stage engines for NASA's Space Launch System (SLS)/Artemis program. Since a 2015 production-restart contract it has been building new engines; four RS-25s power each SLS core stage. The RS-25 business was explicitly excluded from the Space Technology divestiture and retained by L3Harris.","sources":[{"stance":"confirms","publisher":"미국 증권거래위원회(SEC EDGAR)","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2026-02-12","url":"https://www.sec.gov/Archives/edgar/data/202058/000020205826000015/hrs-20260102.htm","title":"L3Harris Technologies FY2025 Form 10-K","title_en":"L3Harris Technologies FY2025 Form 10-K","excerpt":"Aerojet Rocketdyne (\"AR\"). Provides propulsion, power and armament products and systems to U.S. Government, including the DoW, National Aeronautics and Space Administration (\"NASA\") and major aerospace and defense prime contractors.","excerpt_en":"Aerojet Rocketdyne (\"AR\"). Provides propulsion, power and armament products and systems to U.S. Government, including the DoW, National Aeronautics and Space Administration (\"NASA\") and major aerospace and defense prime contractors."},{"stance":"confirms","publisher":"L3Harris","publisher_en":"L3Harris","kind":"ir","lang":"en","published_at":"2025-06-24","url":"https://www.l3harris.com/newsroom/press-release/2025/06/nasa-l3harris-hot-fire-test-new-rs-25-rocket-engine-artemis","title":"NASA, L3Harris Hot-Fire Test New RS-25 Rocket Engine for Artemis","title_en":"NASA, L3Harris Hot-Fire Test New RS-25 Rocket Engine for Artemis","excerpt":"The new L3Harris RS-25 engine throttled up to 111% during the 500-second acceptance test... The new production engines are 30% less expensive than the space shuttle main engines.","excerpt_en":"The new L3Harris RS-25 engine throttled up to 111% during the 500-second acceptance test... The new production engines are 30% less expensive than the space shuttle main engines."}]},{"direction":"revenue","counterparty":"해외 정부(FMS 포함)","counterparty_slug":null,"confidence":"mid","metric":{"type":"revenue_share","unit":"%","as_of":"2026-01-02","basis":"10-K: 해외 최종수요처 매출 $4.8B(22%)","value":22,"period":"FY2025","basis_en":"10-K: international end-consumer revenue $4.8B (22%)"},"note":"미국 외 최종수요처 매출은 FY2025 기준 48억 달러로 전체 매출의 22%를 차지하며, 100개국 이상에 걸쳐 있고 단일 외국국가가 5%를 넘지 않는다. 상당부분이 해외군사판매(FMS)로 미 정부 자금을 경유한다.","note_en":"Revenue where the end consumer is outside the U.S. was $4.8 billion in FY2025, 22% of total, spread across more than 100 countries with no single foreign country above 5%. A significant portion flows through foreign military sales funded by the U.S. Government.","sources":[{"stance":"confirms","publisher":"미국 증권거래위원회(SEC EDGAR)","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2026-02-12","url":"https://www.sec.gov/Archives/edgar/data/202058/000020205826000015/hrs-20260102.htm","title":"L3Harris Technologies FY2025 Form 10-K","title_en":"L3Harris Technologies FY2025 Form 10-K","excerpt":"In fiscal 2025, revenue where the end consumer is located outside the U.S., including foreign military sales funded through the U.S. Government, whether directly or through prime contractors, was $4.8 billion (22% of our revenue) and came from over 100 countries with no single foreign country accounting for more than 5%.","excerpt_en":"In fiscal 2025, revenue where the end consumer is located outside the U.S., including foreign military sales funded through the U.S. Government, whether directly or through prime contractors, was $4.8 billion (22% of our revenue) and came from over 100 countries with no single foreign country accounting for more than 5%."}]},{"direction":"revenue","counterparty":"대한민국 방위사업청","counterparty_slug":null,"confidence":"mid","metric":{"type":"contract_value","unit":"조원(KRW)","as_of":"2025-10-20","basis":"방위사업청 항공통제기 2차 사업 총사업비 3조975억 원, 4대","value":3.0975,"period":"2025-2032","basis_en":"DAPA second AEW&C program, KRW 3.0975tn total, four aircraft"},"note":"한국 공군의 항공통제기(AEW&C) 2차 사업에서 대한항공-L3Harris 컨소시엄이 선정됐다. 총사업비 약 3조975억 원 규모로 2032년까지 4대를 공급하며, L3Harris는 네트워크 통신·사이버보안·특수임무기 분야 연구개발과 임무시스템을 맡는다. 한국군 대상 대형 매출 접점이다.","note_en":"In South Korea's second AEW&C (airborne early warning and control) program, a Korean Air-L3Harris consortium was selected. The roughly KRW 3.0975 trillion program will deliver four aircraft by 2032, with L3Harris responsible for network communications, cybersecurity and special-mission systems R&D. A major revenue relationship with the Korean military.","sources":[{"stance":"confirms","publisher":"비즈니스포스트","publisher_en":"Business Post","kind":"news","lang":"ko","published_at":"2025-10-20","url":"https://www.businesspost.co.kr/BP?command=article_view&num=416026","title":"대한항공-L3해리스 컨소시엄, 3.1조 방위사업청 항공통제기 2차 사업 수주","title_en":"Korean Air-L3Harris consortium wins KRW 3.1tn DAPA second AEW&C program","excerpt":"대한항공-L3해리스 컨소시엄이 사업비 3조975억 원 규모의 항공통제기 2차 사업을 수주했다. 2032년까지 4대를 공급하며 L3Harris는 네트워크 통신, 사이버 보안, 특수임무기 분야 연구개발을 수행한다.","excerpt_en":"The Korean Air-L3Harris consortium won the second AEW&C program worth KRW 3.0975 trillion, supplying four aircraft by 2032, with L3Harris performing R&D in network communications, cybersecurity and special-mission aircraft."}]},{"direction":"cost","counterparty":"마이크로일렉트로닉스·전자부품 공급 바스켓 (비공개)","counterparty_slug":null,"confidence":"mid","metric":{"type":"input_basket","as_of":"2026-01-02","basis":"10-K: 특정 소재·부품(마이크로일렉트로닉스 포함)을 미 정부 승인 공급원에서 조달","period":"FY2025","basis_en":"10-K: certain materials/components incl. microelectronics procured from U.S. Government-approved sources","qualifier":"confirmed_no_disclosed_value"},"note":"통신·센싱·우주 제품 제조에 필요한 마이크로일렉트로닉스 등 부품·소재를 다수 공급사에서 조달하며, 일부는 미 정부 승인 공급원에서만 구매해야 한다. 개별 공급사·금액은 비공개다.","note_en":"L3Harris procures components and materials, including microelectronics, for its communications, sensing and space products from multiple suppliers, some of which must be sourced only from U.S. Government-approved supply sources. Individual suppliers and amounts are undisclosed.","sources":[{"stance":"confirms","publisher":"미국 증권거래위원회(SEC EDGAR)","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2026-02-12","url":"https://www.sec.gov/Archives/edgar/data/202058/000020205826000015/hrs-20260102.htm","title":"L3Harris Technologies FY2025 Form 10-K","title_en":"L3Harris Technologies FY2025 Form 10-K","excerpt":"we are required to procure certain materials and components, including microelectronic components, from U.S. Government-approved supply sources. Heightened regulatory requirements that may apply to these sources can further limit the subcontractors and suppliers we may utilize.","excerpt_en":"we are required to procure certain materials and components, including microelectronic components, from U.S. Government-approved supply sources. Heightened regulatory requirements that may apply to these sources can further limit the subcontractors and suppliers we may utilize."}]},{"direction":"revenue","counterparty":"Lockheed Martin","counterparty_slug":"lockheed-martin","confidence":"mid","metric":{"type":"relationship","as_of":"2026-01-02","basis":"AR이 방산 프라임에 추진시스템 공급(10-K); PAC-3 MSE 추진 1,000대 이상 인도","period":"FY2025","basis_en":"AR supplies propulsion to defense primes (10-K); 1,000+ PAC-3 MSE propulsion systems delivered","qualifier":"confirmed_no_disclosed_value"},"note":"Aerojet Rocketdyne 부문이 Lockheed Martin이 프라임인 미사일 프로그램에 고체로켓모터·추진시스템을 공급한다. PAC-3 MSE 요격탄, THAAD, GMLRS 등이 대표적이며, L3Harris는 수요 급증에 대응해 헌츠빌·카멘 등 SRM 생산능력을 확장 중이다.","note_en":"The Aerojet Rocketdyne segment supplies solid rocket motors and propulsion systems to missile programs where Lockheed Martin is prime, including the PAC-3 MSE interceptor, THAAD and GMLRS. L3Harris is expanding solid rocket motor capacity (Huntsville, Camden) to meet surging demand.","sources":[{"stance":"confirms","publisher":"L3해리스","publisher_en":"L3Harris","kind":"news","lang":"en","published_at":"2025-09-15","url":"https://www.l3harris.com/newsroom/press-release/2025/09/l3harris-receives-multi-year-javelin-solid-rocket-motor-contract","title":"L3Harris Receives Multi-Year Javelin Solid Rocket Motor Contract","title_en":"L3Harris Receives Multi-Year Javelin Solid Rocket Motor Contract","excerpt":"재블린은 록히드마틴·레이시온(RTX) 합작 프로그램이며, L3해리스(에어로젯 로켓다인)가 유일한 고체로켓모터 공급사다. 2025년 9월 최대 $292M 규모 5년 생산 연장 계약을 수주해 록히드가 이끄는 재블린 JV향 매출이 확인된다.","excerpt_en":"Javelin is a Lockheed Martin and Raytheon (RTX) joint venture, and L3Harris (Aerojet Rocketdyne) is its sole solid rocket motor supplier; a Sept 2025 contract worth up to USD 292M confirms revenue to L3Harris from the Lockheed-led Javelin JV."},{"stance":"mentions","publisher":"L3Harris","publisher_en":"L3Harris","kind":"ir","lang":"en","published_at":"2025-08-01","url":"https://www.l3harris.com/newsroom/press-release/2025/08/l3harris-expanding-huntsville-solid-rocket-motor-facility","title":"L3Harris Expanding Huntsville Solid Rocket Motor Facility","title_en":"L3Harris Expanding Huntsville Solid Rocket Motor Facility","excerpt":"L3Harris is expanding its Huntsville solid rocket motor facility, poised for further growth to meet increased missile program demand.","excerpt_en":"L3Harris is expanding its Huntsville solid rocket motor facility, poised for further growth to meet increased missile program demand."},{"stance":"mentions","publisher":"아미테크놀로지","publisher_en":"Army Technology","kind":"news","lang":"en","published_at":"2024-05-20","url":"https://www.army-technology.com/news/aerojet-rocketdyne-accelerate-solid-rocket-motors-in-missiles/","title":"Aerojet Rocketdyne, 미사일용 고체로켓모터 생산 가속","title_en":"Aerojet Rocketdyne to accelerate solid rocket motors in missiles","excerpt":"Aerojet Rocketdyne produces solid rocket motors for programs including PAC-3 MSE, GMLRS and Standard Missile; weapons makers like Lockheed and RTX are in need of solid rocket motors.","excerpt_en":"Aerojet Rocketdyne produces solid rocket motors for programs including PAC-3 MSE, GMLRS and Standard Missile; weapons makers like Lockheed and RTX are in need of solid rocket motors."}]},{"direction":"revenue","counterparty":"RTX","counterparty_slug":"rtx","confidence":"mid","metric":{"type":"relationship","as_of":"2026-01-02","basis":"AR이 방산 프라임에 추진시스템 공급(10-K); RTX 프로그램용 SRM 공급 보도","period":"FY2025","basis_en":"AR supplies propulsion to defense primes (10-K); reported SRM supply for RTX programs","qualifier":"confirmed_no_disclosed_value"},"note":"Aerojet Rocketdyne 부문이 RTX(레이시온)가 프라임인 미사일 프로그램에 추진·고체로켓모터를 공급한다. Standard Missile 계열, Stinger, 그리고 Lockheed와의 합작으로 생산하는 Javelin 등이 해당한다. RTX는 SRM 공급을 확보하려는 주요 수요처로 지목된다.","note_en":"The Aerojet Rocketdyne segment supplies propulsion and solid rocket motors to missile programs where RTX (Raytheon) is prime, including the Standard Missile family, Stinger, and Javelin (a Lockheed-Raytheon joint venture). RTX is cited as a major buyer seeking to secure solid rocket motor supply.","sources":[{"stance":"confirms","publisher":"L3해리스","publisher_en":"L3Harris","kind":"news","lang":"en","published_at":"2025-09-15","url":"https://www.l3harris.com/newsroom/press-release/2025/09/l3harris-receives-multi-year-javelin-solid-rocket-motor-contract","title":"L3Harris Receives Multi-Year Javelin Solid Rocket Motor Contract","title_en":"L3Harris Receives Multi-Year Javelin Solid Rocket Motor Contract","excerpt":"재블린 JV의 다른 한 축인 레이시온(RTX)향으로도 L3해리스 에어로젯이 유일한 고체로켓모터를 공급한다. 2025년 9월 $292M 재블린 생산 연장 계약이 RTX 관련 프로그램 매출을 뒷받침한다.","excerpt_en":"L3Harris Aerojet is also the sole solid rocket motor supplier to the Raytheon (RTX) side of the Javelin JV; the Sept 2025 USD 292M production extension supports revenue tied to the RTX program."},{"stance":"mentions","publisher":"아미테크놀로지","publisher_en":"Army Technology","kind":"news","lang":"en","published_at":"2024-05-20","url":"https://www.army-technology.com/news/aerojet-rocketdyne-accelerate-solid-rocket-motors-in-missiles/","title":"Aerojet Rocketdyne, 미사일용 고체로켓모터 생산 가속","title_en":"Aerojet Rocketdyne to accelerate solid rocket motors in missiles","excerpt":"Weapons makers like Lockheed and RTX are in desperate need of solid rocket motors for products such as Javelin or the PAC-3 missiles.","excerpt_en":"Weapons makers like Lockheed and RTX are in desperate need of solid rocket motors for products such as Javelin or the PAC-3 missiles."},{"stance":"mentions","publisher":"L3Harris","publisher_en":"L3Harris","kind":"ir","lang":"en","published_at":"2024-01-01","url":"https://www.l3harris.com/all-capabilities/solid-rocket-motors","title":"Solid Rocket Motors — L3Harris","title_en":"Solid Rocket Motors — L3Harris","excerpt":"L3Harris (Aerojet Rocketdyne) provides solid rocket motors for tactical, strategic and missile defense systems across the U.S. defense industrial base.","excerpt_en":"L3Harris (Aerojet Rocketdyne) provides solid rocket motors for tactical, strategic and missile defense systems across the U.S. defense industrial base."}]},{"direction":"cost","counterparty":"고체추진제·특수화학 원자재 바스켓 (비공개)","counterparty_slug":null,"confidence":"low","metric":{"type":"input_basket","as_of":"2025-08-01","basis":"SRM 생산 확대 보도에서 원자재·공급기반 제약 언급","period":"FY2025","basis_en":"SRM capacity coverage cites raw-material/supply-base constraints","qualifier":"confirmed_no_disclosed_value"},"note":"Aerojet Rocketdyne의 고체로켓모터 생산에는 과염소산암모늄 등 특수화학 산화제·추진제 원자재가 투입된다. 공급기반이 좁아 원자재 조달이 생산능력 확장의 제약 요인으로 지목되나, 개별 공급사·계약금액은 공개되지 않는다.","note_en":"Aerojet Rocketdyne's solid rocket motor production consumes specialty-chemical oxidizers and propellant feedstocks such as ammonium perchlorate. The narrow supply base for these inputs is cited as a constraint on capacity expansion, but individual suppliers and contract values are not disclosed.","sources":[{"stance":"mentions","publisher":"아미테크놀로지","publisher_en":"Army Technology","kind":"news","lang":"en","published_at":"2024-05-20","url":"https://www.army-technology.com/news/aerojet-rocketdyne-accelerate-solid-rocket-motors-in-missiles/","title":"Aerojet Rocketdyne, 미사일용 고체로켓모터 생산 가속","title_en":"Aerojet Rocketdyne to accelerate solid rocket motors in missiles","excerpt":"Aerojet Rocketdyne is scaling solid rocket motor production for missiles including Javelin, Stinger and Patriot, investing to expand capacity across its sites.","excerpt_en":"Aerojet Rocketdyne is scaling solid rocket motor production for missiles including Javelin, Stinger and Patriot, investing to expand capacity across its sites."}]}]}