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L3Harris10-Q: Cost reduction

L3Harris completes 'LHX NeXt' transformation, eliminating $35M in quarterly costs

Read at SEC EDGAR

What happened

The company has finished the implementation phase of its 'LHX NeXt' initiative, a major transformation of functions, systems, and processes. This eliminates $35 million in quarterly costs, but now shifts focus to ROI realization, performance measurement, and optimizing the new technology and process landscape.

Source

SEC EDGARApr 30, 2026

Quarterly report (Form 10-Q)

L3Harris 10-Q

Filing excerpt

the absence of LHX NeXt implementation costs, as the LHX NeXt implementation phase was completed in fiscal 2025

sec.gov/Archives/edgar/data/202058/000020205826000035/hrs-20260403.htmRead the full source

Other signals in this filing (11)

Extracted by Autobound

From the Signal API record
Signal
10-Q: Cost reduction

What this signalsFilings often name leadership changes, deals and spending plans.

Fiscal year end
04/03
Filed
Apr 30, 2026

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The full record

From the Signal API record

Numbers

Dollar figure
$35M (LHX NeXt implementation costs in Q1 2025, now eliminated)

Details

CIK
202058
Accession number
0000202058-26-000035
Timeframe
Current quarter
Filing year
2026
Fiscal year
0
Why it matters
Efficiency tools needed
Signal category
Financial

Extraction

Confidence
High
Relevance
75%
Sentiment
Positive
Detected
May 5, 2026
signal_type
sec-10q
signal_subtype
costReduction

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This page shows a preview. The full sec-10q record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
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Show the full JSONThe record on this page and the API request

GET /v1/signals/f58e65ee-3c1b-4662-ab9b-bec5e9fa5068 returns this record as JSON. POST /v1/companies/enrich returns every signal for l3harris.com.

{
  "signal_id": "f58e65ee-3c1b-4662-ab9b-bec5e9fa5068",
  "signal_type": "sec-10q",
  "signal_subtype": "costReduction",
  "detected_at": "2026-05-05T08:48:21.312+00:00",
  "company": {
    "name": "L3Harris",
    "domain": "l3harris.com"
  },
  "data": {
    "detail": "The company has finished the implementation phase of its 'LHX NeXt' initiative, a major transformation of functions, systems, and processes. This eliminates $35 million in quarterly costs, but now shifts focus to ROI realization, performance measurement, and optimizing the new technology and process landscape.",
    "metrics": {
      "timeframe": "current_quarter",
      "dollar_context": "LHX NeXt implementation costs in Q1 2025, now eliminated",
      "dollar_millions": 35
    },
    "summary": "L3Harris completes 'LHX NeXt' transformation, eliminating $35M in quarterly costs",
    "excerpts": "the absence of LHX NeXt implementation costs, as the LHX NeXt implementation phase was completed in fiscal 2025",
    "relevance": 0.75,
    "sentiment": "positive",
    "confidence": "high",
    "source_url": "https://www.sec.gov/Archives/edgar/data/202058/000020205826000035/hrs-20260403.htm",
    "filing_date": "2026-04-30",
    "filing_year": 2026,
    "fiscal_year": 0,
    "fiscal_year_end": "04/03",
    "sales_relevance": "Efficiency tools needed",
    "signal_category": "financial"
  }
}

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