COVID Stimulus Watch Individual Entry
Recipient Company:
L3Harris Technologies Inc
Loan or Loan Guarantee Amount:
$1,096,569
Recipient Details
Ownership Structure: publicly traded (ticker symbol LHX)
Award Details
Award Date: Oct 8, 2020
Award Type: loan
Award Details: Amount represents the purchase price of company bonds bought by the Fed.
Program Name: Secondary Market Corporate Credit Facility
Legislation: CARES
Awarding Agency: Federal Reserve
Data Source for Award:
https://www.federalreserve.gov/publications/reports-to-congress-in-respo...
Parent Company Data
Parent Company: L3Harris Technologies
Headquartered in: Florida
Parent Sector: aerospace and military contracting
Parent Industry: aerospace & military contracting
Employees (prior to pandemic): 50,000
Accountability Issues Since 2010
Employment-related Penalties: $5,852,443
Government-contracting-related Penalties: $30,230,000
Environmental / Healthcare / Safety Penalties: $212,701
Consumer Protection / Financial / Competition-related Penalties: $14,700,000
Ratio of CEO Pay to that of Median Worker: 269 to 1
CEO Compensation: $15,745,630
Worker Median Pay: $58,426
Total Federal, State, and Local Subsidies: $83,821,390
Federal Corporate Income Tax Rate: 4.9%
Violation Tracker
Environment / Safety Issues
Consumer Protection Issues