Lockheed Martin LMT and L3Harris Technologies LHX are two major U.S. defense companies, but they have different business profiles and exposure across the defense industry. Lockheed Martin is the larger and more diversified of the two, with major exposure to fighter aircraft, missiles, missile defense, helicopters, space systems and other defense platforms. Its portfolio includes programs such as the F-35, F-16, C-130J, THAAD and various space systems. L3Harris has a different portfolio emphasis, focusing more heavily on communications, electronic warfare, sensing, space systems, missile technologies and mission systems. The companies also provide different exposure to the changing nature of warfare.
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