L3Harris Technologies Announces 10% Quarterly Dividend Increase and $4 Billion Share Repurchase Authorization
Summary
“This reflects confidence in our newly combined company’s financial outlook and ability to generate robust and growing free cash flow while continuing to invest in developing innovative and affordable solutions for our customers.” L3Harris Technologies is an agile global aerospace and defense technology innovator, delivering end-to-end solutions that meet customers’ mission-critical needs. The company provides advanced defense and commercial technologies across air, land, sea, space and cyber domains. This press release contains forward-looking statements that reflect managements current expectations, assumptions and estimates of future performance and economic conditions. Forward-looking statements in this press release include but are not limited to: expectations regarding dividends and share repurchases and the amount thereof and regarding financial outlook, free cash flow and continuing investments in innovative and affordable solutions. There can be no assurances that the company’s annualized cash dividend rate will continue to increase or that the company will achieve its current expected level of share repurchases under the new program, which authorizes open market purchases, private transactions, transactions structured through investment banking institutions and any combinations thereof.