L3Harris shareholders approve executive pay, elect board members

L3Harris Technologies, Inc. (NYSE:LHX), a $40.3 billion market cap company specializing in aerospace and defense technology, announced the results of its 2025 Annual Meeting of Shareholders held on April 18, 2025. According to InvestingPro data, the company has maintained a strong financial position with a FAIR overall health score and is currently trading below its Fair Value. During the meeting, shareholders cast their votes on several key proposals, including the election of directors and executive compensation.

The company confirmed that all thirteen nominees were elected to its Board of Directors for a one-year term expiring at the 2026 Annual Meeting of Shareholders. The elected board members received a majority of votes, with the number of votes for each ranging from approximately 145.8 million to 155.4 million. Votes against the nominees and abstentions were significantly lower, indicating strong shareholder support.

In an advisory vote, the compensation of the company’s named executive officers was approved by shareholders. The results showed 114.9 million votes in favor, with 40.1 million against and 1.1 million abstentions.

Additionally, the appointment of Ernst & Young LLP as the independent registered public accounting firm for the fiscal year ending January 2, 2026, was ratified with an overwhelming majority of 167.9 million votes for, 4.7 million against, and 295 thousand abstentions.

A shareholder proposal titled "Transparency in Lobbying" was rejected, with 17.1 million votes for, 137.3 million against, and 1.7 million abstentions.

The meeting saw a significant turnout, with approximately 92.1% of the shares entitled to vote being represented. This indicates a high level of engagement among the shareholders of L3Harris Technologies.

The company’s filing with the Securities and Exchange Commission provides these details, ensuring transparency and compliance with regulatory requirements. With its upcoming earnings report scheduled for April 24, 2025, investors can access comprehensive analysis and additional insights through InvestingPro’s detailed research reports, which are available for over 1,400 US stocks.

L3Harris Technologies, based in Melbourne, Florida, is incorporated in Delaware and operates primarily in the field of aerospace and defense, with a focus on advanced technologies for military and commercial use. The company has demonstrated strong financial performance with annual revenues of $21.3 billion and has maintained dividend payments for 55 consecutive years, raising them for 23 straight years. The company’s common stock is traded on the New York Stock Exchange under the ticker symbol LHX.

In other recent news, L3Harris Technologies reported significant developments affecting its financial outlook and operational activities. The company announced an increase in its quarterly dividend from $1.16 to $1.20 per share, marking the 24th consecutive annual dividend increase. This decision aligns with L3Harris’s strategy to enhance shareholder value. Jefferies analyst Sheila Kahyaoglu adjusted the company’s stock price target to $250, down from $260, while maintaining a Buy rating. This adjustment follows L3Harris’s recent sale of its Commercial Aviation Solutions segment for $800 million, a move expected to impact revenue forecasts for 2025.

Goldman Sachs analyst Noah Poponak upgraded L3Harris from Sell to Buy, raising the price target to $263, citing the company’s strong margin performance and diverse exposure in defense spending. Additionally, L3Harris successfully tested its advanced eSR-19 solid rocket motor during a Missile Defense Agency exercise, demonstrating the motor’s enhanced capabilities. This marks the company’s continued involvement in the U.S. missile defense program. These developments reflect L3Harris’s strategic decisions and their impact on the company’s financial and operational outlook.

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