Cover and table of contents

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 January 3, 2025

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			34-0276860
(State or other jurisdiction of incorporation or organization)			(I.R.S. Employer Identification No.)

1025 West NASA Boulevard
Melbourne,	Florida			32919
(Address of principal executive offices)				(Zip Code)

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

Securities Registered Pursuant to Section 12(g) of the Act: None

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☑ No ☐

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐ No ☑

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange

Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been

subject to such filing requirements for the past 90 days. Yes ☑ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to

Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such

files). Yes ☑ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting

company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and

“emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer		☑		Accelerated filer		☐
Non-accelerated filer		☐		Smaller reporting company		☐
				Emerging growth company		☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying

with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its

internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting

firm that prepared or issued its audit report. ☑

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant

included in the filing reflect the correction of an error to previously issued financial statements.☐

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based

compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☑

The aggregate market value of the voting common equity held by non-affiliates of the registrant at June 28, 2024 was $42,471,412,123

(based on the quoted closing sale price per share of the stock on the New York Stock Exchange). For purposes of this calculation, the registrant

has assumed that its directors and executive officers as of June 28, 2024 are affiliates.

The number of shares outstanding of the registrant’s common stock as of February 7, 2025 was 188,313,839.

Documents Incorporated by Reference:

Portions of the registrant’s definitive Proxy Statement for the 2025 Annual Meeting of Shareholders scheduled to be held on April 18,

2025, which will be filed with the Securities and Exchange Commission within 120 days after the end of the registrant’s fiscal year ended

January 3, 2025, are incorporated by reference into Part III of this Annual Report on Form 10-K to the extent described therein.

L3HARRIS TECHNOLOGIES, INC.

ANNUAL REPORT ON FORM 10-K FOR THE FISCAL YEAR ENDED JANUARY 3, 2025

TABLE OF CONTENTS

		Page No.
Part I:
	ITEM 1. Business .................................................................................................................................	1
	ITEM 1A. Risk Factors ............................................................................................................................	5
	ITEM 1B. Unresolved Staff Comments ...............................................................................................	15
	ITEM 1C. Cybersecurity .........................................................................................................................	15
	ITEM 2. Properties ...............................................................................................................................	17
	ITEM 3. Legal Proceedings .................................................................................................................	17
	ITEM 4. Mine Safety Disclosures .......................................................................................................	17
	Information about our Executive Officers ..............................................................................................	18
Part II:
	ITEM 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities ...........................................................................................	18
	ITEM 6. [Reserved] ...............................................................................................................................	20
	ITEM 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations .............................................................................................................................	20
	ITEM 7A. Quantitative and Qualitative Disclosures About Market Risk ........................................	35
	ITEM 8. Financial Statements and Supplementary Data ..............................................................	36
	ITEM 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure ..............................................................................................................................	88
	ITEM 9A. Controls and Procedures .....................................................................................................	88
	ITEM 9B. Other Information .................................................................................................................	91
	ITEM 9C. Disclosure Regarding Foreign Jurisdictions That Prevent Inspections .......................	91
Part III :
	ITEM 10. Directors, Executive Officers and Corporate Governance .............................................	91
	ITEM 11. Executive Compensation .....................................................................................................	92
	ITEM 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters .............................................................................................................	92
	ITEM 13. Certain Relationships and Related Transactions, and Director Independence .........	92
	ITEM 14. Principal Accounting Fees and Services ...........................................................................	92
Part IV:
	ITEM 15. Exhibits, Financial Statement Schedules .........................................................................	93
	ITEM 16. Form 10-K Summary ...........................................................................................................	98
Signatures .....................................................................................................................................................................		99

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PART I