UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Registrant's telephone number, including area code: (321) 727-9100 | Securities registered pursuant to Section 12(b) of the Act: | | | | --- | --- | --- | | Title of each class | Trading Symbol(s) | Name of each exchange on which registered | | Common Stock, par value $1.00 per share | LHX | New York Stock Exchange | For the qu ...

Financial Data and Key Metrics - Revenue grew by 9% YoY, with all segments contributing to growth [33] - Operating income increased in two out of three segments despite headwinds [33] - EPS for Q1 was $2.86, with expectations to build from there [33] - Free cash flow improved significantly to over $300 million, up from the previous year [33] - The company front-loaded its share repurchase commitment, with $400 million completed in Q1 and $100 million remaining for the year [11] Business Line Data and Key Metrics - The space business recorded $1.5 billion in new prime space awards, with a book-to-bill ratio over 2.0 [66] - International orders accounted for 30% of the $5.8 billion record orders in Q1, with a book-to-bill ratio over 1.5 for international markets [6] - The company submitted over $7 billion in space proposals in the last six months, indicating strong growth potential [66] Market Data and Key Metrics - The President's budget request of $842 billion for defense represents a 3% growth, with a 4% increase in investment accounts [4] - The company expects a book-to-bill ratio over 1.0 for the year, driven by international growth and defense spending [4] - The Defense Production Act (DPA) funding of $215 million for Aerojet Rocketdyne supports capacity and production enhancements [7][8] Company Strategy and Industry Competition - The company is focusing on divestitures to generate cash for the Aerojet Rocketdyne acquisition, targeting $1 billion in proceeds from two or three divestitures [1][2] - The acquisition of Aerojet Rocketdyne is strategic, filling a gap in the portfolio and aligning with growth markets highlighted in recent budget decisions [61] - The company is leveraging its domestic footprint to drive international growth, particularly in the space domain [94] Management Commentary on Operating Environment and Future Outlook - Management is confident in the 2023 close of the Aerojet Rocketdyne acquisition, citing no vertical or horizontal competition with the company [36][61] - The company is optimistic about supply chain improvements, with 1,300 alternative parts introduced to mitigate shortages [96] - Management expects margins to improve in the second half of the year, driven by higher-margin product deliveries and easing supply chain constraints [73][74] Other Important Information - The company is undergoing an enterprise transformation, focusing on cost savings and efficiency improvements, with tangible results expected in the next 90 days [102][103] - Working capital improved by $300 million YoY, with a target to reduce working capital days to 53-54 by year-end [106][107] - The company is targeting a leverage ratio below 3 over the next few years, with $14 billion in debt expected post-Aerojet acquisition [119] Q&A Session Summary Question: Timing and process for Aerojet Rocketdyne acquisition [57] - The company is gathering data for the FTC's second request, with a submission expected by June [58] - Management is confident in the deal closing in the second half of 2023, citing no competition with Aerojet Rocketdyne [36][61] Question: Supply chain improvements and potential upside to guidance [27] - The company has introduced 1,300 alternative parts to mitigate supply chain challenges, with improvements tracking as expected [96] - If supply chain improvements accelerate, there could be upside to the full-year guidance [43] Question: Margin improvement drivers for the second half of the year [98] - Margins are expected to improve due to higher-margin product deliveries and easing supply chain constraints [73][74] - Fixed-price backlog impacts, particularly in the ISR business, are stabilizing, which will help margins in the second half [48] Question: Capital allocation and debt management [118] - The company plans to continue share buybacks and dividends, with a focus on reducing debt to maintain an investment-grade credit rating [119][134] - Post-Aerojet acquisition, the company aims to bring its leverage ratio below 3 over the next few years [119] Question: International growth and space business opportunities [26] - The space business is seeing strong international growth, with 50% of the $1.5 billion in bookings coming from international markets [40] - The company is well-positioned in the space domain, with 33 satellites in backlog and significant growth opportunities [39][66]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to ______________ Commission File Number 1-3863 L3HARRIS TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) (State or o ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 30, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to ______________ Commission File Number 1-3863 L3HARRIS TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) Delaware 34-0276860 ...

L3Harris Technologies, Inc. (NYSE:LHX) Q4 2022 Earnings Conference Call January 27, 2023 8:30 AM ET Company Participants Rajeev Lalwani - Vice President, Investor Relations Chris Kubasik - Chief Executive Officer Michelle Turner - Chief Financial Officer Conference Call Participants Doug Harned - Bernstein Robert Stallard - Vertical Research Sheila Kahyaoglu - Jefferies Scott Deuschle - Credit Suisse Michael Ciarmoli - Truist Seth Seifman - JPMorgan Gautam Khanna - Cowen & Company Robert Spingarn - Melius ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to ______________ Commission File Number 1-3863 L3HARRIS TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) (State ...

L3Harris Technologies, Inc. (NYSE:LHX) Q3 2022 Earnings Conference Call October 28, 2022 8:30 AM ET Company Participants Rajeev Lalwani - Vice President, Investor Relations Chris Kubasik - Chief Executive Officer Michelle Turner - Chief Financial Officer Conference Call Participants Sheila Kahyaoglu - Jefferies Robert Stallard - Vertical Research Partners Richard Safran - Seaport Research Partners Doug Harned - Bernstein Scott Deuschle - Credit Suisse David Strauss - Barclays Gautam Khanna - Cowen Peter Arm ...

L3harris Technologies, Inc. (NYSE:LHX) Q2 2022 Earnings Conference Call July 29, 2022 8:30 AM ET Company Participants Rajeev Lalwani - VP, IR Christopher Kubasik - Chairman & CEO Michelle Turner - SVP & CFO Conference Call Participants David Strauss - Barclays Bank Sheila Kahyaoglu - Jefferies Richard Safran - Seaport Research Partners George Shapiro - Shapiro Research Peter Skibitski - Alembic Global Advisors Noah Poponak - Goldman Sachs Group Kristine Liwag - Morgan Stanley Michael Ciarmoli - Truist Secur ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 1, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to ______________ Commission File Number 1-3863 L3HARRIS TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) Delaware 34-0 ...

L3Harris Technologies, Inc. (NYSE:LHX) Q1 2022 Earnings Conference Call April 29, 2022 8:30 AM ET Company Participants Rajeev Lalwani - VP of IR Chris Kubasik - VC and CEO Michelle Turner - CFO Conference Call Participants Robert Spingarn - Melius Research Sheila Kahyaoglu - Jefferies Robert Stallard - Vertical Research Partners Gautam Khanna - Cowen and Company Peter Arment - Baird Doug Harned - Bernstein Richard Safran - Seaport Research Partners David Strauss - Barclays Bank Michael Ciarmoli - Trui ...