LHX · 10-Q · 2026Q4

L3HARRIS TECHNOLOGIES, INC. /DE/

Filed 2026-10-29 · Industrials · View original filing on EDGAR

Everything LHX's SEC filings said, ranked

Ranked Events

• Operating Cash Flow TrendsImportance 69 · Surprise 64
  Year-to-date 2026 operating cash flow increased $1.079 billion to $2.223 billion from $1.144 billion in 2025. The improvement primarily reflected higher net income and $635 million less cash used to fund working…
• Missile Program DemandImportance 59 · Surprise 48
  Missile Solutions year-to-date revenue increased $328 million, with Propulsion Systems contributing $253 million of growth from production and development volumes on key missile and munitions programs. Advanced Effects…
• Order Backlog and Book-to-BillImportance 56 · Surprise 24
  Total contractual backlog was $53.2 billion as of October 2, 2026, including $31.2 billion funded and $22.0 billion unfunded. Backlog increased during the third quarter due to new awards across all three segments and…
• Defense Spending OutlookImportance 54 · Surprise 74
  The April 3, 2026 U.S. Government fiscal year 2027 President’s Budget Request called for approximately $1.5 trillion in national defense spending, including a $1.1 trillion Department of War base budget and $350…
• Portfolio Reshaping (M&A / Divestiture)Importance 53 · Surprise 60
  L3Harris completed the sale of its Space Technology disposal group on August 3, 2026; the business had been reported in Missile Solutions through the sale date. The divestiture generated $539 million in net cash…
• Revenue Performance and MixImportance 53 · Surprise 32
  Third-quarter 2026 revenue increased $401 million, or 7%, to $6.060 billion; year-to-date revenue rose $1.468 billion, or 9%, to $17.685 billion. Growth reflected higher volume across all segments, new program ramps,…
• Capital ExpendituresImportance 47 · Surprise 6
  L3Harris expected fiscal 2026 capital expenditures of approximately $600 million. Year-to-date investing cash flows reflected a $120 million increase in capital expenditures compared with 2025. The company reported…
• Outstanding IndebtednessImportance 47 · Surprise 22
  At October 2, 2026, total long-term debt was $11.0 billion, including $1.815 billion classified as current. The current portion primarily included $550 million of 3.85% 2026 Notes and $1.250 billion of 5.40% 2027…
• Share Repurchase ProgramImportance 39 · Surprise 38
  During year-to-date 2026, L3Harris spent $598 million to repurchase 1.8 million shares, compared with $998 million for 4.5 million shares in year-to-date 2025. The company had $1.6 billion remaining under its $3.0…
• Space and Mission Systems DemandImportance 38 · Surprise 24
  Space & Mission Systems year-to-date revenue growth was led by ISR, which increased $608 million, including milestones for material procurement on classified contracts and higher missionized-aircraft program volumes.…
• Research and Development ExpenseImportance 36 · Surprise 40
  Year-to-date company-funded R&D costs rose to $449 million from $380 million, an increase of $69 million, or approximately 18%. Communications & Spectrum Dominance operating income was partly offset by a $79 million…
• Communications Product DemandImportance 32 · Surprise 24
  Communications & Spectrum Dominance revenue growth included a $280 million year-to-date increase in international deliveries of software-defined resilient communications equipment in Mission Critical Communications,…
• Liquidity and Cash PositionImportance 31 · Surprise 6
  At October 2, 2026, cash and cash equivalents totaled $2.471 billion, including $446 million held by foreign subsidiaries. The company had no commercial paper outstanding and no borrowings under its $2.5 billion 2025…
• Gross Margin DriversImportance 31 · Surprise 32
  Third-quarter gross margin increased $118 million to $1.612 billion, and year-to-date gross margin increased $337 million to $4.516 billion. Higher volume across all segments and favorable net estimate-at-completion…
• Income Tax Rate ChangesImportance 25 · Surprise 32
  The year-to-date effective tax rate declined to 14.6% in 2026 from 15.7% in 2025, while third-quarter rates were 14.9% and 18.5%, respectively. Year-to-date 2026 benefited from favorable R&D credits, FDDEI, and…
• Quarterly Dividend IncreaseImportance 24 · Surprise 14
  On January 23, 2026, the Board increased the quarterly common-stock dividend to $1.25 per share from $1.20, marking the 25th consecutive annual increase. Year-to-date 2026 cash dividends totaled $704 million, compared…
• Guidance / OutlookImportance 19 · Surprise 6
  Based on its current business plan and revenue prospects, the company expects existing cash, operating funds, investments, credit availability and access to capital markets to cover anticipated working capital, capital…
• Operating Margin DriversImportance 18 · Surprise 14
  Space & Mission Systems third-quarter operating margin increased to 10.9% from 10.7%, while year-to-date margin increased to 10.4% from 10.3%; improved program performance and volume contributed, including a $139…

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