LHX 10-K Annual Reports
L3HARRIS TECHNOLOGIES, INC. /DE/ - 31 annual reports
L3HARRIS TECHNOLOGIES, INC. /DE/ Annual Report, Year Ended Jan 2, 2026
Feb 12, 2026L3Harris Technologies, Inc. reported a solid performance for fiscal year 2025, with revenue increasing by 3% to $21.9 billion, driven by higher volumes and new program ramps across its segments. The company's contractual backlog grew by 13% to $38.7 billion, indicating strong future revenue potential. Operating income saw a notable increase of 10% to $2.1 billion, reflecting successful cost management initiatives like LHX NeXt and gains from asset monetization, although partially offset by a goodwill impairment charge related to a pending divestiture. The company continues to prioritize strategic growth and innovation, investing $536 million in company-funded R&D. L3Harris also advanced its portfolio shaping strategy with the divestiture of its Commercial Aviation Solutions (CAS) business. Looking ahead, the company is streamlining its segments into three reportable units, effective fiscal 2026, to better align capabilities and business models. Furthermore, L3Harris announced a strategic investment from the Department of War in its Missile Solutions business, positioning it for a potential IPO in the second half of 2026.
L3HARRIS TECHNOLOGIES, INC. /DE/ Annual Report, Year Ended Jan 3, 2025
Feb 14, 2025L3Harris Technologies, Inc. (LHX) demonstrated solid performance in fiscal year 2024, with total revenue reaching $21.3 billion, a significant increase driven primarily by the full-year inclusion of Aerojet Rocketdyne (AR) following its acquisition. The company maintained strong operational performance across its four segments: Space & Airborne Systems (SAS), Integrated Mission Systems (IMS), Communication Systems (CS), and Aerojet Rocketdyne (AR). Notably, IMS saw substantial operating income growth due to the absence of prior year goodwill impairment charges and improved program performance. The company's strategic priorities remain focused on performance, growth, and innovation. L3Harris ended the fiscal year with a robust backlog of $34.2 billion, indicating strong future revenue potential. Investments in company-funded R&D totaled $515 million, underscoring a commitment to technological advancement. The company also made progress on its LHX NeXt initiative aimed at enhancing organizational agility and competitiveness, with significant investments in enterprise tools and process optimization. L3Harris continued its commitment to shareholder returns by paying quarterly dividends and repurchasing shares, with $3.38 billion remaining on its share repurchase authorization.
L3HARRIS TECHNOLOGIES, INC. /DE/ Annual Report, Year Ended Dec 29, 2023
Feb 20, 2024L3Harris Technologies, Inc. (LHX) reported solid performance in its fiscal year ending December 29, 2023, marked by significant growth driven by strategic acquisitions and organic expansion across its key segments. The company's revenue increased by 14% year-over-year, largely attributed to the full-year impact of the Tactical Data Links (TDL) acquisition and the significant Aerojet Rocketdyne (AJRD) acquisition completed in July 2023. These acquisitions have reshaped the company's operational landscape, with AJRD forming the new Aerojet Rocketdyne (AR) segment, bolstering L3Harris's capabilities in propulsion, power, and armament. Operationally, L3Harris demonstrated resilience and strategic focus. The Space & Airborne Systems (SAS) segment saw revenue growth and improved operating margin, while the Integrated Mission Systems (IMS) segment remained stable. The Communication Systems (CS) segment experienced substantial revenue and operating income growth, partly due to the TDL acquisition. Despite challenges such as inflation and supply chain disruptions, the company's backlog increased significantly to $32.7 billion. L3Harris also advanced its "LHX NeXt" initiative, aimed at enhancing organizational agility and performance, and continues to prioritize returning capital to shareholders through dividends and share repurchases.
L3HARRIS TECHNOLOGIES, INC. /DE/ Annual Report, Year Ended Dec 30, 2022
Feb 24, 2023L3Harris Technologies, Inc. (LHX) reported fiscal year 2022 results reflecting a challenging macroeconomic environment, including increased input costs and supply chain disruptions, which led to a decline in revenue and net income compared to fiscal year 2021. Despite these headwinds, the company maintained a strong backlog of $22.3 billion, indicating robust demand for its products and services. The company is actively pursuing strategic growth initiatives, highlighted by the recent acquisition of Viasat's Tactical Data Links (TDL) product line and the pending acquisition of Aerojet Rocketdyne Holdings, Inc. (AJRD). These moves are expected to significantly expand L3Harris' capabilities and market reach, particularly in advanced propulsion systems and missile defense. Financially, L3Harris demonstrated solid operating cash flow generation. The company also continued its commitment to shareholder returns through consistent dividend payments and share repurchases, signaling confidence in its future financial performance and strategic direction.
L3HARRIS TECHNOLOGIES, INC. /DE/ Annual Report, Year Ended Dec 31, 2021
Feb 25, 2022L3Harris Technologies, Inc. (LHX) reported its fiscal year 2021 results, highlighting a company strategy focused on becoming a technology-focused operating company and a prime contractor for end-to-end mission solutions. The company successfully exceeded its net cost synergy targets from the L3Harris Merger and completed its portfolio reshaping through six divestitures, utilizing proceeds to repurchase shares. Despite a 2% year-over-year revenue decrease to $17.8 billion, primarily attributed to divestitures in Aviation Systems and supply chain constraints in Communication Systems, the company saw a significant 65% increase in income from continuing operations to $1.85 billion, with diluted earnings per share rising 75% to $9.09. This performance reflects strong execution, integration benefits, and a reduction in non-cash impairment charges compared to the previous year. Looking ahead, L3Harris is well-positioned to capitalize on national security priorities and international growth opportunities, supported by investments in R&D and a focus on operational excellence. The company announced a 10% increase in its quarterly cash dividend, underscoring its commitment to shareholder returns. Key financial indicators such as backlog remain robust, and the company is focused on maximizing cash flows for future strategic capital deployment.
L3HARRIS TECHNOLOGIES, INC. /DE/ Annual Report, Year Ended Jan 1, 2021
Mar 1, 2021L3Harris Technologies, Inc. (LHX) reported its fiscal year results ending January 1, 2021, demonstrating resilience and strategic execution despite the challenging economic environment shaped by COVID-19. The company experienced a significant increase in consolidated revenue to $18.2 billion, largely driven by the inclusion of L3 operations post-merger. Pro forma revenue showed a modest 1% increase, reflecting growth in core U.S. Government and international businesses, partially offset by divestitures and COVID-related impacts on commercial aviation and public safety segments. While income from continuing operations saw a decrease compared to the pro forma prior year, mainly due to significant non-cash impairment charges related to the commercial aviation downturn, the company maintained a strong backlog of $21.7 billion at year-end. L3Harris continued its commitment to shareholder returns by increasing its quarterly dividend and authorizing substantial share repurchases, underscoring its confidence in future performance and cash generation. The company's strategic focus remains on technology-driven growth, operational excellence, and portfolio reshaping, positioning it to capitalize on key defense priorities and international market opportunities.
L3HARRIS TECHNOLOGIES, INC. /DE/ Annual Report, Year Ended Jan 3, 2020
Mar 3, 2020L3Harris Technologies, Inc. (LHX) operates as a global aerospace and defense technology innovator, providing a broad spectrum of advanced technologies and integrated solutions. The company structures its operations around four key business segments: Integrated Mission Systems, Space and Airborne Systems, Communication Systems, and Aviation Systems. A significant event impacting the period was the completion of the L3Harris Merger on June 29, 2019, which created a larger, more diversified entity. The company's primary customer base consists of U.S. Government departments and agencies, making it heavily reliant on government contracts, which constituted approximately 73% of revenue in the two quarters ended January 3, 2020. Financially, the company demonstrated strong performance post-merger, with revenue increasing substantially due to the inclusion of L3's operations. L3Harris is actively reshaping its portfolio, evidenced by the planned divestiture of its airport security and automation business for $1 billion. The company also continues to focus on shareholder returns, increasing its quarterly dividend and engaging in share repurchases. Despite the significant integration activities and the ongoing market dynamics, L3Harris remains focused on operational excellence, innovation, and strategic growth across its core technology areas.
L3HARRIS TECHNOLOGIES, INC. /DE/ Annual Report, Year Ended Jun 28, 2019
Aug 22, 2019L3Harris Technologies, Inc. (LHX) filed its 10-K for the fiscal year ending June 27, 2019, detailing its performance as Harris Corporation prior to the significant L3Harris Merger that closed on June 29, 2019. The company operates across three key segments: Communication Systems, Electronic Systems, and Space and Intelligence Systems, with a strong reliance on U.S. government contracts, accounting for approximately 77% of its revenue. The report highlights a transformative fiscal year for Harris Corporation, marked by robust revenue growth of 10% and a significant increase in income from continuing operations, up 36%. This growth was driven by strong demand in tactical communications, avionics, electronic warfare, and classified space and intelligence programs. The most critical development disclosed is the completion of the merger with L3 Technologies, creating a larger, more diversified aerospace and defense entity. The company is focused on integrating L3 and capitalizing on the combined scale and technological capabilities. Proceeds from the planned divestiture of the Night Vision business are earmarked for pre-funding pension plans and returning cash to shareholders. Despite the significant merger activity, the company maintained strong financial discipline, including increased dividends and share repurchases, positioning it for future growth and operational efficiency.
L3HARRIS TECHNOLOGIES, INC. /DE/ Annual Report, Year Ended Jun 29, 2018
Aug 27, 2018L3Harris Technologies, Inc. (LHX), formerly Harris Corporation, filed its 10-K for the fiscal year ending June 28, 2018, showcasing robust financial performance and strategic positioning within defense and government sectors. The company reported strong revenue growth and improved profitability, driven by its three core segments: Communication Systems, Electronic Systems, and Space and Intelligence Systems. Significant contract wins and a substantial backlog indicate continued demand for its technology-driven solutions. The company also highlighted its commitment to shareholder returns through dividends and share repurchases, alongside strategic investments in innovation and operational efficiency. Overall, L3Harris demonstrated resilience and growth, underscored by its focus on mission-critical, high-margin businesses. The company's strong customer relationships, particularly with the U.S. Government, and its diversified portfolio of advanced technology products and services position it favorably for future expansion. Investors can find confidence in the company's strategic execution, financial discipline, and ongoing efforts to enhance shareholder value.
L3HARRIS TECHNOLOGIES, INC. /DE/ Annual Report, Year Ended Jun 30, 2017
Aug 29, 2017L3Harris Technologies (formerly Harris Corporation) reported total revenue of $5.90 billion for fiscal year 2017, a slight decrease from the previous year. The company operates across three key segments: Communication Systems, Electronic Systems, and Space and Intelligence Systems. A significant strategic focus during fiscal year 2017 was the divestiture of non-core businesses, including IT Services and Harris CapRock Communications, to streamline operations and concentrate on technology-differentiated, high-margin areas. This strategic repositioning is expected to drive future growth and operational efficiencies. The company also highlighted strong U.S. government customer relationships, with approximately 74% of revenue derived from this segment. L3Harris demonstrated a commitment to shareholder returns through share repurchases and dividend increases, alongside disciplined capital deployment for debt reduction and investments in future growth.
L3HARRIS TECHNOLOGIES, INC. /DE/ Annual Report, Year Ended Jul 1, 2016
Aug 29, 2016Harris Corporation, a leading technology innovator, presented its 2016 10-K filing, detailing a robust business structure focused on addressing critical mission challenges for government and commercial customers across over 100 countries. The company operates through four key segments: Communication Systems, Space and Intelligence Systems, Electronic Systems, and Critical Networks. A significant event highlighted was the acquisition of Exelis Inc. in May 2015, which aimed to create greater scale and complementary technologies, with legacy Harris shareholders retaining 84% ownership of the combined entity. The report also detailed divestitures, including the composite aerostructures business and commercial healthcare solutions operation, aligning the company's portfolio with its strategic growth areas. Financially, the company reported revenue of $7.5 billion for fiscal year 2016, a substantial increase driven by the Exelis acquisition. While income from continuing operations saw a modest increase, profitability as a percentage of revenue was impacted by a $367 million non-cash impairment charge related to Harris CapRock Communications and integration costs from the Exelis acquisition. Despite these impacts, Harris maintained a strong operational focus, investing in R&D and optimizing its business portfolio, while also managing its debt and returning capital to shareholders through dividends.
L3HARRIS TECHNOLOGIES, INC. /DE/ Annual Report, Year Ended Jul 3, 2015
Aug 31, 2015Harris Corporation's 2015 10-K filing reveals a pivotal year marked by the transformative acquisition of Exelis Inc., significantly expanding the company's scale and technological capabilities in the aerospace and defense sectors. This strategic move, completed in May 2015, was financed through a substantial mix of debt and equity, impacting the company's financial structure. While overall revenue saw a modest increase driven by the Exelis integration, income from continuing operations experienced a notable decline, primarily due to significant acquisition-related charges, including financing, integration, and restructuring costs. The company's core segments, RF Communications and Government Communications Systems, showed resilience, with RF Communications benefiting from international tactical communications demand and Government Communications Systems seeing growth driven by key programs like FGCM and NextGen initiatives. However, the Integrated Network Solutions segment faced challenges with a decrease in revenue and operating income, partly due to the divestiture of its commercial healthcare business. Looking ahead, Harris is focused on integrating Exelis, realizing synergy savings, and navigating a constrained U.S. government budget environment while continuing to invest in innovation and technology leadership.
L3HARRIS TECHNOLOGIES, INC. /DE/ Annual Report, Year Ended Jun 27, 2014
Aug 25, 2014Harris Corporation's fiscal year 2014 10-K report showcases a company with a strong presence in government and commercial communications and information technology markets. Despite a slight year-over-year revenue decline, the company demonstrated improved profitability, with income from continuing operations increasing by 15.7% and earnings per diluted share rising by 20.2%. This performance was driven by operational excellence initiatives, effective cost management, and a focus on innovation across its three segments: RF Communications, Integrated Network Solutions, and Government Communications Systems. The company's significant reliance on U.S. government contracts, representing approximately 67% of revenue, remains a key factor influencing its business. While government budgets were constrained, the company benefited from the Bipartisan Budget Act of 2013 which provided some spending relief. Harris continues to invest in research and development, focusing on new product development and technological advancements to maintain its competitive edge in dynamic markets.
L3HARRIS TECHNOLOGIES, INC. /DE/ Annual Report, Year Ended Jun 28, 2013
Aug 26, 2013This 10-K filing for fiscal year 2013 from Harris Corporation (now L3Harris Technologies, Inc.) outlines a year marked by a slight revenue decrease, primarily driven by lower performance in the RF Communications and Integrated Network Solutions segments, while the Government Communications Systems segment remained relatively stable. The company continued its strategic focus on sustaining core markets, accelerating growth in key areas like public safety and healthcare IT, driving operational excellence through its Harris Business Excellence (HBX) platform, and optimizing capital deployment. Financially, Harris reported a decrease in income from continuing operations and diluted earnings per share compared to the prior year. The company also announced a significant subsequent event: a new $1 billion share repurchase program and an increase in its quarterly cash dividend, demonstrating a commitment to returning value to shareholders. Despite challenges such as U.S. government budget uncertainties and global economic weakness, Harris maintained a strong financial position, supported by robust operating cash flow and an available revolving credit facility. The company's outlook indicates continued investment in research and development to drive innovation and maintain a competitive edge in its diverse markets.
L3HARRIS TECHNOLOGIES, INC. /DE/ Annual Report, Year Ended Jun 29, 2012
Aug 27, 2012Harris Corporation's 2012 10-K filing reveals a company with a strong presence in defense and government communications, alongside growing commercial segments. The company reported total revenue of $5.45 billion, a slight increase from the previous year, driven by growth in Integrated Network Solutions and Government Communications Systems, though partially offset by a decline in RF Communications revenue. Income from continuing operations saw a decrease of 6.8% to $558.7 million, impacted by changes in the defense market and acquisition-related integration costs. Despite these challenges, Harris demonstrated robust operating cash flow and continued its commitment to shareholder returns through dividends and share repurchases, increasing its quarterly dividend for the eleventh consecutive year. The company is actively managing its business portfolio, including plans for divesting certain operations, and continues to invest in research and development to maintain its competitive edge in rapidly evolving technology markets.
L3HARRIS TECHNOLOGIES, INC. /DE/ Annual Report, Year Ended Jul 1, 2011
Aug 29, 2011L3Harris Technologies, Inc. (formerly Harris Corporation) filed its 10-K for the fiscal year ended July 1, 2011, showcasing a year of significant strategic acquisitions and growth. The company reported a revenue increase of 13.8% to $5.9 billion, driven by strong performance in its RF Communications segment, particularly international tactical communications, and contributions from newly acquired entities. Income from continuing operations grew by 4.7% to $588 million, reflecting a robust operational performance despite integration costs from acquisitions and increased interest expenses. The company highlighted its focus on leveraging technology, expanding into new markets through strategic acquisitions like CapRock, Schlumberger GCS, and Carefx, and optimizing operations for continued profitable growth. L3Harris also demonstrated its commitment to shareholder returns by increasing its quarterly cash dividend and approving a new $1 billion share repurchase program, underscoring its solid financial foundation and confidence in future prospects.
L3HARRIS TECHNOLOGIES, INC. /DE/ Annual Report, Year Ended Jul 2, 2010
Aug 30, 2010L3Harris Technologies, Inc. (LHX) reported solid performance for the fiscal year ended July 2, 2010, demonstrating resilience amidst a dynamic market. The company's revenue saw a modest increase, driven by growth in its RF Communications segment, which benefited from the acquisition of Wireless Systems and strong demand for its next-generation Falcon III radios. The Government Communications Systems segment maintained stable revenue, supported by ongoing programs, despite the winding down of certain projects. The Broadcast Communications segment experienced a revenue decline, impacted by market softness, but showed improved operating performance due to cost management and a significant reduction in impairment charges compared to the prior year. Financially, LHX demonstrated improved profitability, with income from continuing operations significantly increasing year-over-year, largely due to the absence of substantial impairment charges recorded in the prior fiscal year and strong operational execution across its key segments. The company also managed its liquidity effectively, generating positive cash flow from operations and maintaining a strong capital position. Strategic acquisitions, including Patriot Technologies and SignaCert, were completed to bolster the company's capabilities in healthcare IT and cyber solutions, respectively. The subsequent acquisition of CapRock, a satellite communications provider, further expanded LHX's reach into new markets and capabilities, positioning it for future growth.
L3HARRIS TECHNOLOGIES, INC. /DE/ Annual Report, Year Ended Jul 3, 2009
Aug 31, 2009L3Harris Technologies, Inc. (formerly Harris Corporation) reported strong revenue growth for the fiscal year ended July 3, 2009, driven by its RF Communications and Government Communications Systems segments. Despite an overall revenue increase of 8.9% to $5.0 billion, net income from continuing operations saw a significant decline of 31.1% to $312.4 million, primarily due to a substantial $196.7 million after-tax impairment charge in the Broadcast Communications segment. The company also incurred charges related to cost-reduction actions across the business. Strategic acquisitions in Wireless Systems, Crucial Security, Inc. (CSI), and SolaCom ATC bolstered capabilities, particularly in RF Communications and Government Communications Systems. The company maintained a robust liquidity position and increased its quarterly dividend, signaling confidence in its future performance despite challenging economic conditions.
L3HARRIS TECHNOLOGIES, INC. /DE/ Annual Report, Year Ended Jun 27, 2008
Aug 26, 2008L3Harris Technologies, Inc. (formerly Harris Corporation) reported a solid fiscal year ended June 27, 2008, with total revenue reaching $5.31 billion, a 25.2% increase year-over-year. This growth was driven by strong performance across all four segments, particularly in Defense Communications and Electronics and Government Communications Systems, bolstered by acquisitions and organic demand. Despite revenue growth, net income saw a slight decrease to $444.2 million from $480.4 million in the prior year, primarily due to a significant gain from a business combination in the prior year, partially offset by increased operating expenses and integration costs. The company continues to invest heavily in research and development to maintain its technological edge and expects continued revenue growth in fiscal year 2009.
L3HARRIS TECHNOLOGIES, INC. /DE/ Annual Report, Year Ended Jun 29, 2007
Aug 27, 2007L3Harris Technologies, Inc. (formerly Harris Corporation) reported strong financial performance for the fiscal year ended June 29, 2007. The company saw a significant increase in both revenue, up 22.1% to $4.2 billion, and net income, which more than doubled to $480.4 million. This growth was largely driven by robust performance in the RF Communications segment and the strategic combination with Stratex Networks, which formed the Harris Stratex Networks segment. The company also completed the acquisition of Multimax, further strengthening its position in the information technology and communications services market for the U.S. government. Key drivers for the year included continued demand for tactical radio modernization programs and the successful integration of recent acquisitions. L3Harris demonstrated a commitment to returning value to shareholders through increased dividends and a significant share repurchase program. The company's diversified business segments, serving both government and commercial markets, provide a stable revenue base, with a strong emphasis on technologically advanced communication and information technology solutions.
L3HARRIS TECHNOLOGIES, INC. /DE/ Annual Report, Year Ended Jun 30, 2006
Sep 7, 2006L3Harris Technologies, Inc. (formerly Harris Corporation) filed its 10-K for the fiscal year ended June 30, 2006, reporting a robust financial performance. The company experienced significant revenue growth, reaching $3.5 billion, an increase of 15.8% from the prior year, driven by strong performance across all four operating segments. Net income from continuing operations also saw a substantial increase of 17.7% to $237.9 million. This growth was fueled by strategic acquisitions in the Broadcast Communications segment, including Leitch Technology Corporation, Optimal Solutions, Inc., and Aastra Digital Video, which expanded the company's offerings in media management and digital video solutions. The RF Communications segment also demonstrated impressive growth, largely due to increased demand for tactical radios driven by defense modernization efforts. The company maintained a strong balance sheet, with total assets growing to $3.14 billion and a healthy cash flow from operations, allowing for continued investment in R&D and strategic acquisitions, alongside a consistent dividend policy.
L3HARRIS TECHNOLOGIES, INC. /DE/ Annual Report, Year Ended Jul 1, 2005
Sep 2, 2005L3Harris Technologies, Inc. (LHX), formerly Harris Corporation, reported a strong fiscal year 2005, with revenue increasing by 19.1% to $3.0 billion and net income from continuing operations growing by 60.9% to $202.2 million. This performance was driven by significant growth in its Government Communications Systems and RF Communications segments, supported by increased U.S. defense spending and modernization efforts. The company also saw improved profitability in its Microwave and Broadcast Communications segments, bolstered by strategic acquisitions of Orkand Corporation and Encoda Systems Holdings, Inc., respectively. Looking ahead, L3Harris announced a definitive agreement to acquire Leitch Technology Corporation for approximately $450 million, further strengthening its Broadcast Communications segment. The company's strategy focuses on continuing profitable revenue growth, leveraging corporate initiatives, making strategic acquisitions, managing costs, and maintaining an efficient capital structure. L3Harris also demonstrated a commitment to shareholder returns, increasing its annual dividend and continuing its share repurchase program.
L3HARRIS TECHNOLOGIES, INC. /DE/ Annual Report, Year Ended Jul 2, 2004
Sep 1, 2004L3Harris Technologies, Inc. (formerly Harris Corporation) reported a strong fiscal year ended July 2, 2004, with revenues increasing by 22.2% to $2.52 billion. This growth was primarily driven by robust performance in its Government Communications Systems and RF Communications segments, which benefited from increased defense spending and ongoing global security initiatives. Net income from continuing operations saw a significant surge of 78.8%, reaching $125.7 million, or $1.88 per diluted share, up from $70.3 million, or $1.06 per diluted share, in the prior year. The company also demonstrated improved operational efficiency, with Engineering, Selling, and Administrative expenses decreasing as a percentage of revenue. L3Harris continues to invest in product development and strategic acquisitions, as evidenced by the acquisition of The Orkand Corporation, enhancing its service capabilities in the government sector. The company also returned capital to shareholders through dividends and share repurchases, signaling confidence in its future performance.
L3HARRIS TECHNOLOGIES, INC. /DE/ Annual Report, Year Ended Jun 27, 2003
Aug 28, 2003L3Harris Technologies, Inc. (formerly Harris Corporation) reported revenues of $2.09 billion for the fiscal year ended June 27, 2003, a 11.6% increase from the previous year. However, net income decreased to $59.5 million from $82.6 million in fiscal 2002, resulting in diluted earnings per share of $0.90, down from $1.25. The decline in profitability was attributed to several factors, including lower gross margins in certain segments due to inventory write-downs and product mix shifts, increased operating losses in the Microwave Communications and Network Support segments, and higher headquarters expenses, partially offset by strong performance in the Government Communications Systems and RF Communications segments. The company's performance was significantly influenced by the ongoing "War on Terrorism" and homeland security initiatives, which drove demand for its Government Communications Systems and RF Communications products. The telecommunications and broadcast equipment industries, however, faced continued challenges, impacting the Microwave Communications, Network Support, and Broadcast Communications segments. Despite the overall decrease in net income, the company's revenue growth and strong backlog in key defense-related segments indicate resilience, supported by significant government contract wins.
L3HARRIS TECHNOLOGIES, INC. /DE/ Annual Report, Year Ended Jun 28, 2002
Sep 3, 2002L3Harris Technologies, Inc. (formerly Harris Corporation) reported revenue of $1.88 billion for the fiscal year ended June 28, 2002, a slight decrease from the prior year. However, net income significantly improved, reaching $82.6 million compared to $21.4 million in fiscal year 2001. This turnaround was driven by strong performance in the Government Communications Systems and RF Communications segments, bolstered by increased defense spending and a focus on homeland security. The company's strategic repositioning in fiscal year 2000, divesting non-core assets like Lanier Worldwide and its semiconductor business, appears to be yielding positive financial results. While the Microwave Communications and Network Support segments faced challenges due to the telecommunications industry slowdown and weak international markets, overall profitability improved. The company also highlighted significant contract wins, including a major FAA contract, demonstrating continued demand for its advanced communication and information processing solutions in both government and commercial sectors.
L3HARRIS TECHNOLOGIES, INC. /DE/ Annual Report (Amendment), Year Ended Jun 29, 2001
Jun 4, 2002This 10-K/A filing from L3HARRIS TECHNOLOGIES, INC. /DE/ (formerly Harris Corporation) for the fiscal year ended June 29, 2001, details the company's strategic repositioning and performance across its five core segments: Government Communications, RF Communications, Microwave Communications, Network Support, and Broadcast Communications. The company experienced revenue growth to $1.96 billion, driven by increases in Government, RF, Microwave, and Broadcast segments, while the Network Support segment saw a decline. However, net income from continuing operations decreased to $21.4 million from $25.0 million in the prior year, partly due to a significant $73.5 million write-off of purchased in-process research and development related to the WavTrace acquisition. Key strategic moves during the fiscal year included acquisitions aimed at strengthening market positions, such as WavTrace for broadband wireless access and Exigent International for government IT services. The company also divested non-core assets, including its interest in GE-Harris Railway Electronics. Despite a challenging economic environment, Harris highlighted its leadership in several key areas and its efforts to balance its portfolio between commercial and government markets.
L3HARRIS TECHNOLOGIES, INC. /DE/ Annual Report, Year Ended Jun 30, 2000
Aug 30, 2000L3Harris Technologies, Inc. (formerly Harris Corporation) filed its 10-K for the fiscal year ended June 30, 2000, detailing a significant strategic transformation. The company divested its semiconductor business and spun off its Lanier Worldwide subsidiary, repositioning itself as a "pure communications equipment company." This strategic shift involved exiting certain product lines like telephone switching and alarm management, while simultaneously pursuing acquisitions to strengthen its core communications offerings. Fiscal year 2000 saw increased revenues driven by the Commercial Communications segment, despite an overall decline in net income from continuing operations due to restructuring charges and the cost of exiting product lines. The company continues to operate through two primary segments: Government Communications and Commercial Communications, serving diverse markets from defense and aerospace to broadcast and wireless infrastructure.
L3HARRIS TECHNOLOGIES, INC. /DE/ Annual Report (Amendment), Year Ended Jul 3, 1998
Apr 9, 1999L3Harris Technologies, Inc. /DE/ filed an amendment to its 10-K for the period ending July 2, 1998, on April 9, 1999. This filing, being an amendment, suggests that the original filing may have contained errors or omissions that required correction. Investors should note that this is a historical filing from 1999, and the company's financial situation and business operations have likely changed significantly since then. The primary purpose of this amendment was likely to provide updated or corrected financial information, contractual details, or risk factor disclosures that were material to understanding the company's performance and outlook at that time.
L3HARRIS TECHNOLOGIES, INC. /DE/ Annual Report, Year Ended Jul 3, 1998
Sep 2, 1998This 10-K filing from L3HARRIS TECHNOLOGIES, INC. /DE/ for the period ending July 2, 1998, provides a snapshot of the company's financial performance and operational status as of that date. As a significant player in the aerospace and defense industry, investors would be keen to understand the company's revenue streams, profitability, and any significant business developments or risks disclosed. The filing likely details the company's business segments, competitive landscape, and forward-looking statements that could influence investment decisions. Given the historical context of 1998, this report offers insights into a company navigating the technology and defense markets during a period of global economic activity. Investors should pay close attention to any information regarding mergers, acquisitions, divestitures, or significant contracts that may have shaped the company's trajectory. Understanding the financial health, management's discussion of results, and risk factors presented is crucial for assessing the company's long-term value and its position within the industry.
L3HARRIS TECHNOLOGIES, INC. /DE/ Annual Report, Year Ended Jun 30, 1995
Sep 8, 1995This 10-K filing from L3Harris Technologies, Inc. for the period ending June 29, 1995, indicates the company is a participant in the defense and aerospace sectors. As a manufacturer of advanced technology, the company likely serves government and commercial clients with sophisticated electronic systems and components. Investors should pay close attention to the company's product lines, significant contracts, research and development expenditures, and competitive landscape within the defense industry. Given the historical context of 1995, a period of evolving geopolitical landscapes and technological advancements, L3Harris's ability to adapt to changing defense spending priorities and to innovate in areas like digital avionics, communication systems, and sensor technology would be crucial for its future growth and profitability. Understanding the company's order backlog and its success in securing new contracts will be key indicators of its financial health and future revenue streams.
L3HARRIS TECHNOLOGIES, INC. /DE/ Annual Report, Year Ended Jun 30, 1994
Sep 23, 1994L3Harris Technologies, Inc. /DE/ (LHX) filed its 10-K annual report for the period ending June 29, 1994. This filing provides a historical overview of the company's financial performance and operational status as of that fiscal year. As a company operating in the defense and aerospace sectors, investors would look to this report for insights into its contracts, technological capabilities, and market position during that era. While specific financial figures and detailed operational segments are not provided in the excerpt, this report represents a crucial snapshot in time for understanding LHX's trajectory. Investors interested in the long-term evolution of L3Harris would find this early filing valuable for comparative analysis against its current state, offering context on its growth, strategic shifts, and how it navigated the economic and geopolitical landscape of the mid-1990s.