L3Harris Technologies Approves Special Equity Awards for Key Executives

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announced that its Compensation Committee approved special one-time equity awards (Sustainment Awards) for three key executives: Kenneth Sharp, Senior Vice President and Chief Financial Officer; Kenneth Bedingfield, President of Missile Solutions; and Samir Mehta, President of Space & Mission Systems and Communications & Spectrum Dominance. The awards, totaling up to $25,000,000, are intended to align executive interests with those of the company's shareholders and are contingent upon the achievement of specified financial performance criteria over a three-year period. The awards will be granted on August 3, 2026, and will vest based on the executives' continued employment through fiscal year 2029.

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About L3Harris Technologies Inc.

L3Harris Technologies Inc. is a leading aerospace and defense technology company offering solutions that impact security, communications, and infrastructure worldwide. Formed through the merger of L3 Technologies and Harris Corporation, L3Harris provides advanced defense systems, communication systems, and electronic systems to government and commercial customers. The company operates across various sectors including space and airborne systems, intelligence and cybersecurity, and aviation systems. It plays a pivotal role in enhancing national security through its innovative products and services, which include tactical communications, geospatial systems, avionics, and cyber security solutions. L3Harris is seen as a crucial player in the global defense industry, contributing to modernizing military capabilities and ensuring strategic technological advancements in aerospace exploration and defense operations. Its operations and technologies are integral to maintaining the functionality and security of critical infrastructure worldwide, with a commitment to meeting the evolving demands of security and defense industries.