Rakita Melanie reported acquisition or exercise transactions in this Form 4 filing.
L3Harris Technologies reported that Vice President & CHRO Melanie Rakita received a grant of 5,399 restricted stock units on August 3, 2026. The award has 3-year cliff vesting at fiscal 2029 year-end, subject to continued employment and award terms, and each vested unit will be settled in one common share.
MEHTA SAMIR reported acquisition or exercise transactions in this Form 4 filing.
L3Harris Technologies executive Samir Mehta, President, S&MS and C&SD, received a grant of 17,995 restricted stock units on August 3, 2026. These units are subject to 3-year cliff vesting at fiscal 2029 year-end, contingent on continued employment, and each vested unit will be settled in one share of common stock, leaving him with 17,995 RSUs outstanding.
Hanna Tania W. reported acquisition or exercise transactions in this Form 4 filing.
L3Harris Technologies reported that VP, Govt. & Customer Relations Tania W. Hanna received a grant of 8,998 restricted stock units on common stock. Each unit represents a contingent right to one share and is subject to 3-year cliff vesting upon fiscal 2029 year-end, contingent on continued employment. Following this award, she directly holds 8,998 restricted stock units.
Bedingfield Kenneth L reported acquisition or exercise transactions in this Form 4 filing.
L3Harris Technologies reported that Kenneth L. Bedingfield, President, Missile Solutions, received a grant of 17,995 restricted stock units. These units vest on a 3-year cliff basis upon fiscal 2029 year-end, subject to continued employment, and each represents a contingent right to one share of common stock settled in shares at vesting.
Tania W. Hanna, VP, Govt. & Customer Relations at L3Harris Technologies, reports initial beneficial ownership including 3,560.7600 shares of common stock held directly, several non-qualified stock options with exercise prices from 197.7300 to 355.1600, and restricted stock units covering 700, 1,335 and 1,056 shares.
L3Harris Technologies reported strong growth for the second quarter of 2026, with revenue of $5,881 million, up from $5,426 million, and net income of $600 million versus $458 million a year earlier. Diluted EPS rose to $3.13 from $2.44. Year to date, revenue reached $11,625 million and net income $1,112 million, driving diluted EPS of $5.85. Operating cash flow improved to $784 million from $598 million.
The company closed a major $1 billion strategic investment from the U.S. Department of War into its Missile Solutions subsidiary via Series A convertible preferred stock and warrants, recognizing $968 million in mezzanine equity, a $130 million embedded conversion derivative and $186 million warrant liability, plus a $386 million program investment intangible. Contractual backlog stood at $42.0 billion, with 74% of year‑to‑date revenue from U.S. Government customers.
Cash and equivalents increased to $1,521 million while total long-term debt was $10,999 million. The company repurchased $525 million of stock and paid $470 million in dividends year to date. Environmental investigation and remediation liabilities were $660 million, partly offset by $485 million of probable recoveries from U.S. Government contracts.
L3Harris Technologies reported robust second quarter 2026 results with revenue of $5,881 million, up 8% from 2025, driven by growth across all three segments. Orders were $7.3 billion, producing a 1.2x book-to-bill ratio and increasing backlog to a record $42 billion.
Operating income rose to $654 million from $571 million and operating margin improved to 11.1%, up 60 bps, while segment operating margin was 16.0%. Diluted EPS increased 28% to $3.13, supported by higher volume, improved program performance and lower corporate and other expense.
Cash from operations was $879 million and free cash flow was $771 million, both up 37%. Space & Mission Systems revenue grew 7%, Communications & Spectrum Dominance 4% and Missile Solutions 14%. L3Harris increased 2026 guidance to consolidated revenue of $23.2B–$23.7B and diluted EPS of $11.80–$12.00.
BlackRock, Inc. reports beneficial ownership of common stock of L3Harris Technologies Inc. as of June 30, 2026. BlackRock’s reporting business units hold 15,474,104 shares, representing 8.3% of the class of L3Harris common stock.
BlackRock has sole voting power over 14,772,621 shares and sole dispositive power over 15,474,104 shares, with no shared voting or dispositive power. Various underlying clients have rights to dividends or sale proceeds, but no single person’s interest exceeds 5% of L3Harris’s outstanding common shares.
L3Harris Technologies approved special one-time equity Sustainment Awards for three senior executives, with target grant date values of $10,000,000 each for Kenneth Bedingfield and Samir Mehta and $5,000,000 for CFO Kenneth Sharp. The awards will be granted on August 3, 2026 under the 2024 Equity Incentive Plan as 50% performance share units (PSUs) and 50% restricted stock units (RSUs).
The PSUs cover a three-year performance period from fiscal year 2027 through fiscal year 2029 and vest based on compounded organic revenue growth and average segment operating margin, each weighted 50%. Each executive may earn between 0% and 200% of the target PSUs. Both PSUs and RSUs cliff-vest at the end of fiscal year 2029, with pro-rata vesting upon involuntary termination without cause and no vesting upon voluntary termination or retirement.
L3Harris Technologies director David S. Regnery received a credit of phantom stock units in lieu of cash fees under the company’s 2019 Non-Employee Director Compensation Plan. He acquired 128.32 phantom stock units at an effective reference price of $292.93 per unit, reflecting deferred quarterly cash retainers.
Following this award and related dividend credits, Regnery now holds a total of 2,815.8 phantom stock units, including 14.8 units credited from dividends under the plan. These phantom stock units will be settled solely in shares of L3Harris common stock upon his separation from service, making this a routine, compensation-related acquisition rather than an open-market purchase.