L3HARRIS TECHNOLOGIES, INC. /DE/

L3Harris Technologies announced the appointment of Kimberly Fields, Chair, President, and CEO of ATI, Inc., to its Board of Directors. The Board's size was increased to twelve directors to accommodate her appointment. Ms. Fields brings extensive experience in scaling operations and driving performance, particularly in complex manufacturing environments. Her appointment is expected to support L3Harris's acceleration of production, capacity expansion, and execution.

L3Harris Technologies announced a $1 billion strategic investment from the U.S. Department of War (DoW) in its Missile Solutions segment, aimed at expanding facilities, accelerating R&D, and increasing production capacity. This investment was detailed within the company's Q2 2026 financial results. For the second quarter of 2026, L3Harris reported revenue of $5,881 million, net income of $600 million, and diluted earnings per share of $3.13, demonstrating strong year-over-year growth.

L3Harris Technologies reported robust second-quarter 2026 results, with revenue increasing 8% to $5.9 billion and diluted EPS rising 28% to $3.13. The company also demonstrated strong cash generation, with operating cash flow up 37% to $879 million and free cash flow up 37% to $771 million. Following these strong results, L3Harris increased its 2026 guidance for consolidated revenue and EPS.

L3Harris Technologies' Compensation Committee approved $25 million in special one-time equity awards for three senior executives: CFO Kenneth Sharp, President of Missile Solutions Kenneth Bedingfield, and President of Space & Mission Systems Samir Mehta. These Sustainment Awards, split equally between performance share units (PSUs) and restricted stock units (RSUs), are designed to ensure continued leadership and align executive interests with shareholders. The PSUs are tied to rigorous financial performance goals over a three-year period (fiscal years 2027-2029), with both PSUs and RSUs cliff-vesting at the end of fiscal year 2029.

L3Harris Technologies held its 2026 Annual Meeting of Shareholders on May 11, 2026, with a strong quorum of approximately 92.2%. Shareholders elected all eleven director nominees to the Board for a one-year term. Additionally, the company's named executive officer compensation was approved in an advisory vote, and Ernst & Young LLP was ratified as the independent registered public accounting firm for fiscal year 2027. A shareholder proposal regarding the ability to call for a special meeting was rejected by the shareholders.

L3Harris Technologies reported strong first-quarter 2026 results with revenue increasing by 11.9% to $5.74 billion and net income rising 32.6% to $512 million, resulting in diluted EPS of $2.72. The company also completed a segment reorganization, streamlining from four to three segments, and recorded a pre-tax loss of $10 million related to the ongoing Space Technology disposal group divestment. Net cash used in operating activities increased to $95 million.

L3Harris Technologies reported strong first quarter 2026 results, with revenue increasing 12% to $5.7 billion and GAAP diluted EPS rising 33% to $2.72. The company achieved robust orders of $7.8 billion, pushing its backlog to a new record of $40.7 billion. Operating margins also saw improvement, and L3Harris updated its 2026 EPS guidance upwards, reflecting confidence in its "Trusted Disruptor" strategy and execution.

L3Harris Technologies' wholly-owned subsidiary, Aerojet Rocketdyne (AJRD), secured a $1 billion investment from the United States Department of War. This funding, provided through Series A Convertible Preferred Stock and warrants, is intended to strengthen the U.S. defense industrial base. The capital will enable AJRD to expand and modernize its facilities, accelerate research and development, and increase production capacity for critical technologies.