Thread regarding L3Harris Technologies layoffs

Paying vendors 120 days

L3Harris a multi billion company is paying their vendors @ 120 days after invoice due date. Needless to say vendors are very arngry. Sometimes my dept spends more time trying to get accounts payable to respond to requests for payment.

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Post ID: @OP+13q9Tyvb

8 replies (most recent on top)

Collins N60
Boeing N120
UTC N90
Honeywell N120

Info available in each company’s website.

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Post ID: @8ugp+13q9Tyvb

would you want to wait 60 days to get paid? And 30-45 days is more like industry standard.

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Post ID: @6ygt+13q9Tyvb

Payment terms are N60, which is probably the industry standard. Exceptions are small businesses and previously negotiated terms. There are issues that could be the suppliers error or L3Harris’ error that may cause delays. The end of the year check hold, a “cash flow” thing. L3Harris is not the only company to do this.

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Post ID: @6hlo+13q9Tyvb

They are absolutely doing this. since I only know the defense industry I jumped to another company in the field after the Cube ran me out of town. We now have the misfortune of selling to LHX and we have to beg and plead and threaten to stop shipments to get this unethical company to bay their bill!

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Post ID: @mgz+13q9Tyvb

Sounds about right. There is really only one thing that this company cares about... Cash.

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Post ID: @isf+13q9Tyvb

I can't imagine this is a widespread practice. Vendors know they will get paid but 120 days delay is pretty bad. But the guy who mentioned end-of-year financial shenanigans is probably right. Meanwhile some other section is beating up on L3H customers trying to get paid :)

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Post ID: @qoq+13q9Tyvb

What locations? That is horrible.

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Post ID: @ddn+13q9Tyvb

They are trying to prove the merger created synergies in supply chain. Floating money so the end of year looked good.

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Post ID: @ptb+13q9Tyvb

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