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.