Citable filing context
LHX's research view summarizes recent SEC filing context, starting with management_change from Aug 17, 2026.
| Filed | Item | Context |
|---|---|---|
| Aug 17, 2026 | management_change | CEO Christopher Kubasik departed, and Sam Mehta was appointed as the new President and CEO. |
| Jul 29, 2026 | earnings | L3Harris Technologies reported Q2 2026 revenue of $5.9 billion and diluted EPS of $3.13. |
| Jul 24, 2026 | other | L3Harris granted special one-time equity awards totaling $25 million to three key executives. |
| Jul 29, 2026 | Guidance: eps | 11.80 to 12.00 |
| Jul 29, 2026 | Guidance: free_cash_flow | not reported to 3000.00 |
| Jul 29, 2026 | Guidance: operating_cash_flow | not reported to 3600.00 |
| Jul 30, 2026 | mda_quarterly | L3Harris Technologies (LHX) reported strong financial performance for the first half of 2026, with revenue increasing 10% to $11.6 billion and diluted EPS rising 31% year-over-year. Growth was driven by robust volume across all segments, particularly in classified space programs, missionized aircraft, and international deliveries of software-defined resilient communications equipment. The Missile Solutions segment also saw significant gains from increased production of key missile and munitions programs. The company remains heavily reliant on U.S. government spending, which accounted for 74% of year-to-date revenue. While the fiscal 2027 budget environment remains dynamic—characterized by a proposed $1.5 trillion defense topline but potential delays due to the election cycle and expected continuing resolutions—management maintains a positive liquidity outlook. LHX ended the period with $1.5 billion in cash and no outstanding borrowings under its $2.5 billion credit facility. Operational risks include inflationary pressures, supply chain constraints for critical materials like rare earth minerals, and evolving trade policies. Despite these headwinds, the company is actively managing costs through supplier negotiations and strategic pricing. Management expects to fund operations, dividends, and share repurchases through existing cash and operating cash flow, with capital expenditures projected at approximately $600 million for fiscal 2026. |
| Apr 30, 2026 | mda_quarterly | L3Harris Technologies (LHX) reported a strong first quarter for 2026, with revenue increasing 12% to $5.74 billion, driven by new program ramps and increased international deliveries. The company, which derives 75% of its revenue from U.S. Government customers, benefited from higher volumes across all segments, particularly in Integrated Mission Systems (ISR) and Space Systems. Operating income rose to $652 million, supported by improved program performance and a $39 million gain from the monetization of legacy assets. The company’s financial position remains stable, with $590 million in cash and $2.2 billion in available credit capacity. Management successfully completed the "LHX NeXt" implementation phase, reducing administrative costs, and continues to prioritize shareholder returns, having increased the quarterly dividend to $1.25 per share. While the company faces potential headwinds from inflation, trade tariffs, and evolving U.S. defense budget priorities—notably a proposed 23% decrease in NASA funding for 2027—management expects current liquidity to be sufficient for all operational and capital requirements. Following a segment reorganization from four to three units, goodwill impairment tests confirmed no material risks, with all reporting units maintaining clearance margins above 40%. |
Source: SEC EDGAR filing text and events; period Aug 17, 2026; filed Aug 17, 2026.
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