LHX — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-07-30

• On April 3, 2026, the President submitted the U.S. Government fiscal year (“GFY”) 2027 President’s Budget Request (“PBR”) to Congress. It called for a ~$1.5 trillion topline for national defense programs, comprised of $1.1 trillion for the DoW base budget and $350 billion in reconciliation funding. …

• Both the House and Senate have released GFY 2027 National Defense Authorization Act (“NDAA”) markups that authorize $1.1 trillion for the DoW base budget. Given the election cycle, we expect the GFY 2027 appropriations cycle to be delayed and that the U.S. Government will begin operating on a contin…

• (Dollars in millions, except per share amounts)2026202520262025

• Non-service FAS pension income and other, net185 105 258 189

• Second Quarter Comparison. Revenue increased $455 million, or 8% reflecting higher revenues across all segments, primarily from higher volumes, driven by new program ramps, and strong execution.

Text removed vs the prior filing · source: 10-Q · 2026-04-30

• On July 4, 2025, the President signed Congress’ reconciliation package which included $155 billion for national defense spending to fund DoW priorities. This includes priorities closely aligned with L3Harris interests and opportunities, such as Golden Dome, munitions, and shipbuilding. The reconcili…

• The U.S. Government fiscal year (“GFY”) 2026 Commerce-Justice-Science appropriations bill, which provides funding for NASA and National Oceanic and Atmospheric Administration (“NOAA”), was signed into law on January 23, 2026. The bill provides $6 billion above the Administration’s GFY 2026 budget re…

• The final GFY 2026 National Defense Authorization Act (“NDAA”) was signed into law in December 2025. The NDAA provides authorization of appropriations for the DoW, nuclear weapons programs of the Department of Energy, and other defense-related activities. In addition to serving as an authorization o…

• Congress passed the GFY 2026 Defense Appropriations bill on February 3, 2026, providing $859 billion for DoW programs, an increase of 1% or ~$9 billion over the President’s Budget Request (“PBR”). In addition, Congress provided just over $22 billion for the FAA via the Transportation-Housing and Urb…

• On April 3, 2026, the GFY 2027 PBR was introduced and called for a ~$1.5 trillion topline for national defense programs, comprised of $1.1 billion for the DoW base budget and $350 billion in another reconciliation bill. This total request represents a $441 million increase, or 44%, over the GFY 2026…

Text added vs the prior filing · source: 10-Q · 2026-07-30

• There have been no changes in our internal control over financial reporting during second quarter 2026 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

Text removed vs the prior filing · source: 10-Q · 2026-04-30

• As noted in Note A: Basis of Presentation in the Notes, effective in fiscal 2026, we streamlined our business segments from four segments to three segments. While representing a structural reorganization, management has determined that this event has not resulted in a significant change to our contr…

Text added vs the prior filing · source: 10-Q · 2026-07-30

• None of our directors or executive officers adopted or terminated a Rule 10b5-1 trading arrangement or adopted or terminated a non-Rule 10b5-1 trading arrangement (as defined in Item 408(c) of Regulation S-K) during second quarter 2026.

Text removed vs the prior filing · source: 10-Q · 2026-04-30

• Securities Trading Plans of Directors and Executive Officers

• We require all executive officers and directors to effect purchase and sale transactions in L3Harris securities pursuant to a trading plan (each, a “10b5-1 Plan”) intended to satisfy the requirements of Rule 10b5-1 under the Exchange Act (“Rule 10b5-1”). We limit executive officers to a single 10b5-…

• The following table includes the material terms (other than with respect to the price) of each 10b5-1 Plan adopted or terminated by our executive officers and directors during first quarter 2026:

• Aggregate number of shares of common stock to be purchased or sold(3)

• Up to 189,501 shares including 129,501 shares of underlying options expiring in 2029