8-KEarnings & ResultsRegulation FDOther Events+1

L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K Report, Financial Results (Jul 26, 2023)

Filed July 26, 2023For Securities:LHX

Summary

L3Harris Technologies, Inc. (LHX) filed an 8-K on July 26, 2023, primarily to disclose its second-quarter financial results via an Investor Letter. While the details of the financial performance are within the furnished exhibits, the 8-K confirms the release of this information to the public. Investors should refer to the referenced Investor Letter for specific revenue, earnings, and operational metrics for the second quarter of 2023. Furthermore, the filing provides a significant update on the proposed acquisition of Aerojet Rocketdyne Holdings, Inc. The waiting period under the Hart-Scott-Rodino Antitrust Improvements Act has expired, paving the way for the merger to close around July 28, 2023, contingent on the satisfaction of remaining closing conditions. This development is crucial for L3Harris's strategic growth and market position in the aerospace and defense sector.

Key Highlights

  • 1L3Harris released its second-quarter 2023 financial results on July 26, 2023, through an Investor Letter.
  • 2The acquisition of Aerojet Rocketdyne Holdings, Inc. has received clearance under the Hart-Scott-Rodino Antitrust Improvements Act.
  • 3The merger with Aerojet Rocketdyne is anticipated to close on or about July 28, 2023.
  • 4The completion of the Aerojet Rocketdyne acquisition is subject to the satisfaction of remaining closing conditions.
  • 5The filing includes standard forward-looking statement disclaimers regarding the acquisition and future business plans.
  • 6Information regarding specific financial performance is contained within the furnished Investor Letter (Exhibit 99.2) and press release (Exhibit 99.1).

Frequently Asked Questions

The 8-K filing states that L3Harris released its second-quarter financial results on July 26, 2023, via an Investor Letter. Specific financial details such as revenue, net income, and earnings per share are not detailed in the 8-K itself but are available in the furnished Exhibits 99.1 (press release) and 99.2 (Investor Letter).

The Hart-Scott-Rodino antitrust waiting period for the acquisition of Aerojet Rocketdyne has expired. L3Harris expects the merger to close on or about July 28, 2023, provided that all other closing conditions are met.

The filing reiterates that the Aerojet Rocketdyne acquisition involves risks and uncertainties, as outlined in previous SEC filings. It cautions that actual results could differ materially due to factors such as delays in satisfying closing conditions, financing issues, unexpected costs, or legal proceedings. Investors should consult the 'Risk Factors' sections of L3Harris's latest 10-K and 10-Q filings for a comprehensive understanding of these risks.