Every material Form 8-K L3Harris has filed with the SEC since October 24, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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
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.
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
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
L3Harris reported second quarter 2026 revenue of $5.9 billion, up 8%, and diluted EPS of $3.13, up 28% from $2.44 a year earlier. The company raised its 2026 guidance for consolidated revenue to $23.2 billion-$23.7 billion and for diluted EPS to $11.80-$12.00, both above prior ranges.
Q2 2026 revenue was $5,881 million, up from $5,426 million; operating income was $654 million, up from $571 million
Diluted EPS was $3.13 versus $2.44; free cash flow was $771 million, up 37%
2026 revenue guidance raised to $23.2 billion-$23.7 billion from $23 billion-$23.5 billion; EPS guidance raised to $11.80-$12.00 from $11.40-$11.60
Orders were $7.3 billion and backlog reached a record $42 billion
L3Harris's Compensation Committee approved one-time Sustainment Awards on July 23, 2026, for CFO Kenneth Sharp and division presidents Kenneth Bedingfield and Samir Mehta, to be granted August 3, 2026. Half of each award is performance share units tied to three-year organic revenue growth and segment operating margin, and half is restricted stock units, so vesting depends on future results and continued employment.
Target grant values: Sharp $5,000,000; Bedingfield $10,000,000; Mehta $10,000,000
Awards are 50% PSUs and 50% RSUs under the 2024 Equity Incentive Plan, granted August 3, 2026
PSUs cover fiscal years 2027 through 2029, weighted 50% organic revenue growth and 50% average segment operating margin, with payouts from 0% to 200% of target
RSUs and PSUs cliff-vest at the end of fiscal year 2029; no vesting on voluntary termination or retirement
L3Harris reported first quarter 2026 revenue of $5.7 billion, up 12% from a year earlier, and GAAP diluted EPS of $2.72, up 33%. The company raised its 2026 EPS guidance to $11.40-$11.60 from $11.30-$11.50, but free cash flow was negative $187 million in the quarter.
Revenue of $5,744 million, up from $5,132 million in the first quarter of 2025; organic growth of 15%
GAAP diluted EPS of $2.72 versus $2.04 a year earlier; operating margin 11.4%, up 120 bps
2026 EPS guidance raised to $11.40-$11.60 from $11.30-$11.50; free cash flow guidance of $3.0 billion unchanged
Cash used in operations was $95 million; free cash flow was negative $187 million versus negative $101 million a year earlier
L3Harris appointed Sam Mehta as President of its Space & Mission Systems and Communications & Spectrum Dominance segments, effective March 16, 2026, with a base salary of $990,000 and a one-time restricted stock unit grant valued at $1,000,000. The company's communications segment president, Jonathan Rambeau, is leaving to pursue external opportunities, effective March 15, 2026. The filing says the company will continue reporting its three segments separately.
Sam Mehta, 53, appointed President of Space & Mission Systems and Communications & Spectrum Dominance, effective March 16, 2026
Base salary set at $990,000; one-time restricted stock unit grant valued at $1,000,000
Jonathan Rambeau, President of Communications & Spectrum Dominance, departs effective March 15, 2026
Segments will continue to be reported separately, consistent with prior structure
L3Harris said on March 2, 2026 that Kenneth Sharp will become Senior Vice President and Chief Financial Officer effective March 16, 2026, succeeding Kenneth Bedingfield, who will focus exclusively on leading the Missile Solutions segment as its president. The filing describes Sharp's offer letter, including a $875,000 base salary, a $3,250,000 target annual equity award and a $3,500,000 restricted stock unit grant, and says the full agreement will be filed with the 10-Q for the quarter ending April 3, 2026.
Kenneth Sharp, 55, takes the CFO role effective March 16, 2026; he was CFO of Peraton, Inc. from 2023.
Offer letter dated February 26, 2026 includes a $875,000 base salary and a $1,000,000 sign-on bonus with a 24-month clawback.
Bedingfield will focus exclusively on Missile Solutions, which the press release says is preparing for an initial public offering later this year.
L3Harris reported fourth-quarter and full-year 2025 results on January 29, 2026, and initiated 2026 guidance. Full-year revenue rose 3% to $21.9 billion and GAAP diluted EPS rose 8% to $8.53, but fourth-quarter GAAP diluted EPS fell to $1.59 from $2.37, and fourth-quarter operating margin dropped to 7.0% from 10.3%. The company expects 2026 revenue of $23 billion to $23.5 billion and diluted EPS of $11.30 to $11.50.
Fourth-quarter revenue was $5.6 billion, up 2%, with GAAP operating margin of 7.0% versus 10.3% a year earlier
Full-year non-GAAP diluted EPS was $10.73, up 11%, and cash from operations was $3.1 billion, up 21%
2026 guidance: revenue of $23 billion to $23.5 billion, diluted EPS of $11.30 to $11.50, and free cash flow of $3.0 billion
The company reorganized into three segments starting in 2026 and expects the Space Technology majority stake sale to close in the second half of 2026
L3Harris announced it has reorganized its business from four to three segments, effective January 5, 2026, and named Ed Zoiss Vice President, Engineering & Innovation after he left his prior segment role at the end of fiscal 2025. The filing contains no financial results, so the reorganization's effect on shareholders cannot yet be measured; the company said it will provide details, including realignment of 2025 results, on its January 29 earnings call.
Four segments reorganized into three, effective January 5, 2026: Space & Mission Systems, Communications & Spectrum Dominance, and Missile Solutions
Ed Zoiss ceased to serve as President of Space & Airborne Systems at the end of fiscal year on January 2, 2026, and was named VP, Engineering & Innovation
Ken Bedingfield continues as SVP & CFO; 2025 financial results will be realigned into the new structure on the January 29 earnings call
L3Harris reported third-quarter 2025 revenue of $5.7 billion, up 7% from a year earlier, and GAAP diluted EPS of $2.46, up 17%. The company raised its 2025 guidance, lifting non-GAAP diluted EPS to $10.50-$10.70 from $10.40-$10.60 and revenue to about $22 billion from about $21.75 billion. Cash from operations fell 30% to $546 million, which the company attributed to temporary customer payment delays.
Third-quarter revenue $5.659 billion, up 7% (10% organic); GAAP operating margin 11.0% vs 9.4%
Non-GAAP diluted EPS $2.70, up 10%; GAAP diluted EPS $2.46, up from $2.10
2025 non-GAAP diluted EPS guidance raised to $10.50-$10.70; revenue guidance raised to about $22 billion
Cash from operations $546 million, down 30%; adjusted free cash flow $449 million, down 38%
L3Harris reported second-quarter 2025 revenue of $5.4 billion, up 2% (6% organic), and diluted EPS of $2.44, up 27% from a year earlier. The company raised its 2025 non-GAAP diluted EPS guidance to $10.40-$10.60 from $10.30-$10.50 and its 2025 revenue guidance to about $21.75 billion from $21.4-$21.7 billion, which points to higher expected profit and sales for shareholders.
Revenue of $5.4 billion, up 2%; GAAP diluted EPS of $2.44, up 27%; non-GAAP diluted EPS of $2.78, up 16%
2025 non-GAAP diluted EPS guidance raised to $10.40-$10.60 from $10.30-$10.50; the tax rate increase is a headwind of about $0.30 at the midpoint
2025 revenue guidance raised to about $21.75 billion from $21.4-$21.7 billion
Cash from operations fell 15% to $640 million, driven by working capital timing and cash used for a longstanding legal settlement
L3Harris reported first quarter 2025 revenue of $5.1 billion, down 2% from a year earlier, and diluted EPS of $2.04, up from $1.48. It lowered its 2025 non-GAAP diluted EPS guidance to $10.30 to $10.50 from $10.55 to $10.85 and cut its revenue guidance to $21.4 billion to $21.7 billion, citing the completed sale of its Commercial Aviation Solutions business. The company repurchased $569 million of shares in the quarter.
Q1 revenue was $5.1 billion, down 2% from $5.2 billion; organic revenue was flat.
Q1 diluted EPS was $2.04 versus $1.48; non-GAAP diluted EPS was $2.41, up 7%.
2025 non-GAAP diluted EPS guidance cut to $10.30 to $10.50 from $10.55 to $10.85; the CAS divestiture accounts for about $0.55 of the change.
2025 revenue guidance lowered to $21.4 billion to $21.7 billion from $21.8 billion to $22.2 billion.
On February 18, 2025, L3Harris entered a new $2.5 billion, five-year senior unsecured revolving credit facility with JPMorgan Chase Bank as administrative agent, replacing its prior $2 billion facility from July 29, 2022, which the company says incurred no early termination penalties. The company also set up a new $500 million, 364-day revolving facility to replace a $1.5 billion facility that matured on January 24, 2025. The filing describes the terms of these refinancings and does not state any amounts drawn under them, and the excerpt ends partway through Item 2.03.
New $2.5 billion revolver matures February 18, 2030, with a possible one-year extension under certain circumstances.
Prior $2 billion facility dated July 29, 2022 was terminated; the filing says no early termination penalties were incurred.
New $500 million 364-day facility commitments run through February 17, 2026, replacing a $1.5 billion facility that matured January 24, 2025.
Initial interest margin on the $2.5 billion facility is 1.125% over term SOFR, adjustable based on L3Harris senior debt ratings.
L3Harris reported fourth-quarter 2024 revenue of $5.5 billion, up 3%, and GAAP diluted EPS of $2.37, compared with $0.83 a year earlier. The company also issued 2025 guidance of $21.8 billion to $22.2 billion in revenue and non-GAAP diluted EPS of $10.55 to $10.85, but that EPS measure now excludes amortization of acquisition-related intangible assets, so it is not directly comparable with the prior $13.70 to $14.00 outlook.
Q4 2024 revenue $5.5 billion, up 3%; operating income $569 million vs $154 million a year earlier
Q4 2024 non-GAAP diluted EPS $3.47, up 4% from $3.35
2025 revenue guidance $21.8 billion to $22.2 billion; non-GAAP diluted EPS guidance $10.55 to $10.85 on the revised basis, vs prior $13.70 to $14.00
2025 adjusted free cash flow guidance $2.4 billion to $2.5 billion vs $2.3 billion in 2024
L3Harris director General (ret.) Peter W. Chiarelli notified the board on December 20, 2024, that he will retire at the end of 2024 and will not stand for re-election at the next annual meeting, citing the company's retirement policy. The filing states the decision does not involve any disagreement with the company on its operations, policies, or practices.
Chiarelli notified the board on December 20, 2024, of his decision to retire.
He will leave the board at the end of 2024 and will not stand for re-election, per the company's retirement policy.
The filing states there was no disagreement with the company on operations, policies, or practices.
The company thanked him for twelve years of board service.
L3Harris reported third-quarter 2024 revenue of $5.3 billion, up 8%, with GAAP diluted EPS of $2.10, up 4%, and non-GAAP diluted EPS of $3.34, up 5%. The company raised its 2024 revenue guidance to $21.1 billion to $21.3 billion and its 2024 non-GAAP diluted EPS guidance to $12.95 to $13.15, which gives shareholders an updated outlook while GAAP operating margin declined to 9.4% from 9.7%.
Third-quarter revenue of $5.3 billion, up 8%, including 5% organic growth
GAAP diluted EPS of $2.10, up 4%; non-GAAP diluted EPS of $3.34, up 5%
2024 revenue guidance raised to $21.1 billion to $21.3 billion; non-GAAP diluted EPS guidance raised to $12.95 to $13.15 from $12.85 to $13.15
GAAP operating margin of 9.4%, down 30 basis points from 9.7%
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