8-KOther EventsExhibits & Filings

L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K Report, Corporate Update (May 30, 2019)

Filed May 30, 2019For Securities:LHX

Summary

This L3Harris Technologies 8-K filing from May 30, 2019, primarily serves to provide pro forma financial information related to the anticipated merger of Harris Corporation and L3 Technologies, Inc. This "merger of equals" was structured as an all-stock transaction. The filing includes unaudited pro forma condensed combined financial statements, offering a look at the potential financial standing and performance of the combined entity as if the merger had already occurred on specific dates and periods. These statements cover a pro forma condensed combined balance sheet as of March 29, 2019, and pro forma condensed combined statements of income for the three quarters ended March 29, 2019, and the fiscal year ended June 29, 2018. Investors should note that this pro forma data is illustrative and not indicative of actual future results.

Key Highlights

  • 1Filing provides pro forma financial information for the impending merger between Harris Corporation and L3 Technologies.
  • 2The transaction is described as an all-stock merger of equals.
  • 3Included are unaudited pro forma condensed combined balance sheet as of March 29, 2019.
  • 4Unaudited pro forma condensed combined statements of income for the three quarters ended March 29, 2019, are presented.
  • 5Pro forma statement of income for the fiscal year ended June 29, 2018, is also included.
  • 6The provided financial data is for informational purposes and is not a guarantee of future performance.
  • 7The merger agreement was initially dated October 12, 2018.

Frequently Asked Questions

The primary purpose of this 8-K filing is to present unaudited pro forma financial information related to the anticipated merger of Harris Corporation and L3 Technologies, Inc., offering a combined financial view of the entities as if the merger had already taken place.

The merger between Harris and L3 is described as an all-stock merger of equals.

No, the financial statements included in this filing are unaudited pro forma condensed combined statements. They are presented for informational purposes only and do not purport to represent the results that would have actually been obtained had the merger been completed on the assumed dates or periods, nor do they indicate future results.

The pro forma financial statements cover the unaudited pro forma condensed combined balance sheet as of March 29, 2019, the unaudited pro forma condensed combined statement of income for the three quarters ended March 29, 2019, and the unaudited pro forma condensed combined statement of income for the fiscal year ended June 29, 2018.