LHX Filings — L3harris Technologies, Inc. - FilingSpy
LHX
L3harris Technologies, Inc.
A maker of defense and aerospace technology for the U.S. military and allied governments, L3Harris builds communications gear, satellites, and rocket engines across space, air, land, sea, and cyber. It was created in 2019 when Harris Corporation, whose roots go back to 1895, merged with L3 Technologies. The "L3" in its name honors the three partners who founded that company in 1997—Lanza, LaPenta, and Lehman—with the "3" standing for their trio.
L3Harris appoints Sam Mehta as President and CEO, effective immediately
Christopher Kubasik stepped down as Chairman and CEO and resigned from the Board, effective immediately, following a Board investigation into conduct inconsistent with the Company's Code of Conduct.
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Sam Mehta, age 53, was appointed President and CEO of L3Harris Technologies, effective August 17, 2026, and also joined the Board of Directors.
Lewis Hay III was named Independent Chairman of the Board, effective immediately.
Lauren Barnes was appointed President of Space & Mission Systems and Christopher Aebli was appointed President of Communications & Spectrum Dominance, effective immediately.
Mehta's new compensation includes an annual base salary of $1,250,000, a target annual cash bonus of 200% of base salary, and a long-term incentive target of $13,250,000, prorated for 2026.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 7.01 Regulation FD Disclosure · 8.01 Other Events · 9.01 Financial Statements and Exhibits
L3Harris grants special one-time equity awards to three executives to ensure continued leadership
On July 23, 2026, the Compensation Committee approved special one-time equity awards (Sustainment Awards) for Kenneth Sharp, Kenneth Bedingfield, and Samir Mehta.
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The awards are intended to ensure continued leadership and align interests with shareholders through rigorous performance goals.
Awards will be granted on August 3, 2026 under the 2024 Equity Incentive Plan, consisting of 50% PSUs and 50% RSUs.
Target grant date values: $5,000,000 for Sharp, $10,000,000 for Bedingfield, and $10,000,000 for Mehta.
PSUs vest based on three-year performance (FY2027-FY2029) with criteria of compounded organic revenue growth (50%) and average segment operating margin (50%), with payout range 0%-200% of target; both PSUs and RSUs cliff-vest at end of FY2029, with pro-rata vesting only for involuntary termination without cause.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits
L3Harris closes $1B Department of War investment in Missile Solutions business
On April 16, 2026, L3Harris Technologies, through subsidiary Aerojet Rocketdyne Holdings, entered definitive agreements with the U.S. Department of War for a $1 billion investment.
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The investment is in Series A Convertible Preferred Stock and warrants of AJRD, convertible into common equity upon an IPO of the Missile Solutions business.
L3Harris intends to pursue an IPO of MSL in the second half of 2026, pending market conditions.
Funds will be used to expand and modernize facilities, accelerate R&D, and increase production capacity for critical technologies, including at sites in Camden, Arkansas; Huntsville, Alabama; and Orange, Virginia.
L3Harris will remain the majority shareholder (over 80%) of the new MSL business and will consolidate its financial results.
8.01 Other Events · 9.01 Financial Statements and Exhibits
L3Harris appoints Sam Mehta President of two segments, effective March 16, 2026
Mehta, 53, previously served as President of the Space & Mission Systems segment since January 3, 2026, and led the Communication Systems segment since 2023.
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Sam Mehta was appointed President, Space & Mission Systems and Communications & Spectrum Dominance, effective March 16, 2026.
His compensation was increased to an annual base salary of $990,000 and a one-time restricted stock unit grant valued at $1,000,000.
Jonathan Rambeau, formerly President of Communications & Spectrum Dominance, departed on March 15, 2026, to pursue external opportunities.
The company will continue reporting financial results for each of its three segments separately.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
L3Harris names Kenneth Sharp CFO effective March 16, 2026; Bedingfield to lead Missile Solutions
Sharp joins from Peraton, Inc., where he was CFO since 2023; previously CFO of DXC Technology and Northrop Grumman Defense Systems.
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Kenneth Sharp, 55, appointed Senior Vice President and Chief Financial Officer, effective March 16, 2026.
Sharp succeeds Kenneth Bedingfield, who will focus exclusively on leading Missile Solutions as President and prepare it for an IPO.
Offer letter provides $875,000 base salary, 100% target cash incentive, $3,250,000 target annual equity, $3,500,000 RSU grant, and $1,000,000 sign-on bonus with 24-month clawback.
Appointment announced March 2, 2026 via press release furnished as Exhibit 99.1.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits