L3HARRIS Technologies, Inc.

Company facts

Industry

Search, Detection, Navigation, Guidance, Aeronautical Sys

Headquarters

Melbourne, Florida

Most recent report

8-K, filed Nov 5, 2026

Incorporated

Delaware

Filings on record

1,008+ filings

On EDGAR

CIK 202058

Fiscal year ends

January

Filer status

Large accelerated filer

What to read: Oct 2026 10-Q

SECSift found 4 of 13 sections worth reading, with 1 positive, 16 notable, and 3 negative flags.

• Financial Statements (Item 1)

  New $1B DoW preferred investment, $550M short-term investments, $539M divestiture, and $1.6B buyback remaining.
  Notable

  • DoW invested $1B in subsidiary preferred stock; net proceeds $973M for missile capacity expansion.
  • Program investment intangible asset of $386M recognized, amortized over 20 years as revenue reduction.
  • Repurchased $598M of stock year to date 2026; $1.6B remaining under $3B authorization.
  • Contractual backlog $53.2B, funded backlog $31.2B; 35% expected as revenue in next 12 months.
  • Completed sale of 60% controlling interest in Space Technology disposal group for $539M net cash.
  • Retained 40% noncontrolling interest in Rocketdyne, recorded as $248M equity method investment.
  • Environmental liability $700M, up from $659M; recoverable assets $521M, up from $483M.

• Management's Discussion (Item 2)

  MD&A with detailed segment results, backlog, cash flows, and a divestiture.
  Positive

  • Revenue up 7% to $6.06B in Q3 2026, with operating income up 27% to $786M.
  Notable

  • G&A fell 5% in Q3 2026 as LHX NeXt costs ended and amortization declined.
  • Interest expense down $36M in Q3 2026 from lower debt; $550M 2026 notes due in Q4.
  • Effective tax rate fell to 14.9% in Q3 2026 from 18.5%, helped by audit resolution.
  • Dividend raised to $1.25/quarter from $1.20, the 25th consecutive annual increase.

• Risk Factors (Item 1A)

  New risk: $3B+ capital plan through 2030; sole-source, second-source, and cancellation risks quantified.
  Notable

  • Supply chain relies on rare earth minerals (tungsten) and microelectronics from government-approved sources.
  • Geopolitical risks: materials previously sourced from Russia and China, now under sanctions or trade restrictions.
  Negative

  • New $3B+ capital plan through 2030; cancellation fees may not cover all costs if orders are canceled.
  • Proposed second-source mandates could redirect funding to competitors, undermining investment assumptions.
  • Sole-source suppliers for some components; cannot guarantee they will increase capacity to required levels.

• Other Information (Item 5)

  CEO severance added, AIP cap removed, former CEO's trading plan terminated.
  Notable

  • Former Chairman/CEO Kubasik terminated his Feb 4, 2026 10b5-1 plan covering 189,501 shares on Aug 16, 2026.
  • AIP individual payout cap removed; committee can now award up to 200% of target. Effective Oct 23, 2026.
  • CEO severance added: lump sum = 2x base+target bonus, plus 24 months COBRA. New benefit, effective Oct 23, 2026.

What changed: Oct 2026 vs. Jul 2026

About 23% of LHX's Oct 2026 10-Q is new information. 75 paragraphs were added, 141 changed, and 56 removed. Below are the most important lines SECSift identified.

• Item 1 87
• Item 2 66
• Item 1A 13
• Item 5 8
• Item 6 6
• Item 4 2
• Item 3 1