Nov 5, 10:36 AM ET
L3Harris closed the sale of $1.0 billion of senior notes on November 5, 2026, split into $500 million due 2029 at 5.200% and $500 million due 2032 at 5.400%. The company plans to use the proceeds for general corporate purposes, including repaying $550 million of 3.85% notes due December 15, 2026 and helping fund part of the $1,250 million 5.40% notes due January 15, 2027.
- $1.0 billion total: $500 million of 5.200% notes due 2029 and $500 million of 5.400% notes due 2032
- Proceeds earmarked for the $550 million 3.85% notes maturing December 15, 2026
- Proceeds, with cash on hand, to partly fund the $1,250 million 5.40% notes maturing January 15, 2027
Read the filing on SEC.gov ↗
Oct 29, 6:04 AM ET
L3Harris Technologies reported third-quarter 2026 revenue of $6.1 billion and diluted earnings per share of $3.28, representing year-over-year growth driven by higher volumes and lower expenses. Backlog reached a record $53.2 billion on $19.3 billion in orders, prompting management to raise the bottom end of full-year revenue and GAAP EPS guidance.
- Revenue of $6.1 billion grew 7% year-over-year, with diluted EPS up 33% to $3.28.
- Orders of $19.3 billion drove record backlog of $53.2 billion and a 3.2x book-to-bill ratio.
- Free cash flow reached $1.3 billion, up 195% compared to the prior year.
- Full-year revenue guidance range bottom was increased to $23.5 billion to $23.7 billion, and GAAP EPS range was raised to $12.25 to $12.35.
Read the filing on SEC.gov ↗
Oct 22, 6:56 AM ET
L3Harris increased its board from eleven to twelve members on October 21, 2026, and appointed Kimberly Fields, President and CEO of ATI, Inc. and chair of ATI's board, as an independent director. Her term runs until the 2027 Annual Meeting of Shareholders, and she was not named to any board committee at this time.
- Kimberly Fields appointed as independent director effective October 21, 2026; term expires at the 2027 Annual Meeting of Shareholders
- Fields has been ATI's President and CEO since July 2024 and chair of ATI's board since May 2026
- Fields will receive non-employee director compensation under the summary effective January 1, 2026; she was not appointed to any board committee
- CEO Sam Mehta said her manufacturing expertise will support production and capacity expansion
Read the filing on SEC.gov ↗
Aug 17, 7:30 AM ET
L3Harris appointed Sam Mehta, its President of the Space & Mission Systems and Communications & Spectrum Dominance segments, as President and CEO effective immediately, and he joined the Board. Chairman and CEO Christopher Kubasik left the company after a board investigation found conduct inconsistent with the company's Code of Conduct, which the company said had no impact on financial reporting, controls, customer relationships or operations. The company also reaffirmed its 2026 guidance for consolidated revenue, organic growth, segment operating margin, GAAP earnings per share and free cash flow.
- Sam Mehta named President and CEO effective August 17, 2026, with an annual base salary of $1,250,000, a 200% target annual cash bonus and a long-term incentive target of $13,250,000, prorated for 2026
- Christopher Kubasik ended his employment as Chairman and CEO effective August 17, 2026, and resigned from the Board; he receives no severance or accelerated vesting of unvested equity
- Lewis Hay III named Independent Chairman of the Board; Lauren Barnes appointed President of Space & Mission Systems and Christopher Aebli President of Communications & Spectrum Dominance
- L3Harris reaffirmed 2026 guidance for consolidated revenue, organic growth, segment operating margin, GAAP earnings per share and free cash flow
Read the filing on SEC.gov ↗
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