8-KOther EventsExhibits & Filings

L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K Report, Corporate Update (Mar 18, 2009)

Filed March 18, 2009For Securities:LHX

Summary

L3Harris Technologies, Inc. (LHX) filed an 8-K report on March 18, 2009, to provide updated historical business segment information. This update reflects a change in the company's organizational structure and segment reporting that became effective at the beginning of fiscal year 2009 (starting June 28, 2008). The primary change involves the restructuring of the former Defense Communications and Electronics segment. The RF Communications business is now reported as a standalone segment. The Defense Programs business, previously part of the same segment, has been integrated into the Government Communications Systems segment. The Broadcast Communications and Harris Stratex Networks segments remain unchanged. Consequently, the company now reports its financial results across four distinct segments: RF Communications, Government Communications Systems, Broadcast Communications, and Harris Stratex Networks.

Key Highlights

  • 1L3Harris Technologies updated its historical business segment reporting for fiscal year 2009.
  • 2The company changed its organizational structure and segment reporting effective June 28, 2008.
  • 3The RF Communications business is now a separate reporting segment.
  • 4The Defense Programs business has been merged into the Government Communications Systems segment.
  • 5The company now reports in four segments: RF Communications, Government Communications Systems, Broadcast Communications, and Harris Stratex Networks.
  • 6This 8-K filing incorporates updated sections into the company's 2008 Form 10-K via Exhibit 99.
  • 7No impact on previously reported consolidated financial statements (income, balance sheets, cash flows) is indicated by this segment change.

Frequently Asked Questions

The main purpose of this 8-K filing is to update L3Harris Technologies' historical business segment information to reflect a change in its organizational structure and segment reporting that became effective at the start of fiscal year 2009.

The company has split its former Defense Communications and Electronics segment into two. The RF Communications business is now a standalone segment, and the Defense Programs business has been combined with the Government Communications Systems segment. The other two segments, Broadcast Communications and Harris Stratex Networks, remain unchanged. The company now reports four segments in total.

No, the filing explicitly states that there is no impact on the company's previously reported consolidated statements of income, balance sheets, statements of cash flows, or statements of comprehensive income and shareholders' equity. The change only affects how historical results are presented across segments.

The updated segment information is provided in Exhibit 99 of this 8-K filing. This exhibit incorporates updates to specific sections (Item 1. Business, Item 7. MD&A, and Item 8. Financial Statements) of the company's Fiscal 2008 Form 10-K. Investors should also refer to subsequent Form 10-Q and 8-K filings for developments since the 2008 10-K.