What L3Harris's FY2026 10-K says: 11 signals
L3Harris filed its latest 10-K with the SEC on Feb 12, 2026. It discusses backlog growth, customer concentration and digital transformation.
Public (LHX)Defense and Space Manufacturing10,000+ employeesl3harris.comLinkedIn
- Filed
- Feb 12, 2026
- Period
- FY2026
- Fiscal year end
- 01/02
- Filings
- 1
10-K · latest 9
What L3Harris's 10-K filings say
- SEC EDGAR
10-K · FY2026
Filed · Fiscal year ends 01/02 · 11 signals
Divested its Commercial Aviation Solutions (CAS) group on March 28, 2025
The company completed a significant structural change by divesting its CAS business unit.
L3Harris holds a $38.7B contractual backlog, with 45% (~$17.4B) expected as revenue in FY2026.
A massive $38.7 billion backlog guarantees significant operational activity.
$38.7B
Total contractual backlog at end of fiscal 2025
45%
of backlog expected to be recognized as revenue by end of fiscal 2026
Contractual backlog hits $38.7 billion, with 45% expected as revenue in 2026
A massive $38.7 billion backlog indicates significant future revenue but also places immense pressure on production and delivery schedules.
$38.7B
total contractual backlog at end of fiscal 2025
45%
backlog expected to be recognized as revenue by end of fiscal 2026
U.S. Government sales constitute 75% of total revenue for fiscal 2025
The company's heavy reliance on the U.S. Government (75% of revenue) creates significant concentration risk, making it highly sensitive to shifts in government spending, procurement reforms, and political changes.
75%
percentage of revenue from U.S. Government customers in fiscal 2025
Hired 6,000 new employees in 2025 amid critical need for skilled technical & engineering talent
The company is aggressively hiring to meet strategic goals, specifically targeting 18,000 engineers and scientists, many requiring security clearances.
International business generated $4.8B (22% of total revenue) in FY2025 from over 100 countries.
Significant international revenue highlights the need for robust global operations, logistics, and compliance systems.
$4.8B
International revenue in fiscal 2025
22%
of total revenue from international business
The company is actively adapting its strategy to meet new US government acquisition priorities focused on speed, flexibility, and mission outcomes.
Experienced component shortages and relies on a limited number of microelectronics suppliers
The company has faced supply chain disruptions for critical electronic components and acknowledges dependence on a small pool of certified suppliers.
microelectronics
Aligning "Trusted Disruptor" strategy with DoD's push for speed and commercial solutions
The US Department of Defense's acquisition reform is forcing L3Harris to prioritize speed, flexibility, and the use of commercial solutions to win contracts.
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Source. Annual reports (Form 10-K) filed with the SEC. Every card links to the filing on EDGAR.
Method. Insights are extracted from the filing text and grouped by category. Numbers are quoted from the filing.
Data as of .