L3Harris Technologies to raise board equity retainer to $200,000 in 2026

L3Harris Technologies, Inc. (NYSE:LHX), a prominent aerospace and defense company with a market capitalization of $49.4 billion, announced Thursday that its board of directors has approved an increase in the annual equity retainer for non-employee directors. The retainer will rise from $190,000 to $200,000 in director share units, effective January 3, 2026.

The change was made following a recommendation from the board’s Nominating and Governance Committee. The adjustment applies to all non-employee members serving on the company’s board.

A summary of the updated annual compensation for non-employee directors, which will take effect at the start of 2026, was included as an exhibit to the company’s Form 8-K filing with the Securities and Exchange Commission.

L3Harris Technologies, based in Melbourne, Florida, is incorporated in Delaware. Its common stock is listed on the New York Stock Exchange under the ticker symbol LHX.

This information is based on a press release statement included in a recent SEC filing.

In other recent news, L3Harris Technologies has introduced a new family of launched effects vehicles, Red Wolf and Green Wolf, designed for military use. These vehicles, developed over five years, feature modular designs and advanced software to support various military operations. In another development, L3Harris announced plans to build over 20 new facilities in Calhoun County, Arkansas, for the production of large solid rocket motors. This expansion, part of a $500 million investment, aims to increase manufacturing capacity six-fold and create 50 new jobs.

Additionally, L3Harris secured a $34.4 million contract from the U.S. Department of Defense for bomb rack units for P-8A aircraft, involving deliveries to the U.S., Canadian, and German governments. The company also received a $28.4 million contract for engineering support services for the Navy’s Commercial Broadband Satellite Program. This contract will provide ongoing support and maintenance for the Navy’s communication systems. These developments reflect L3Harris’s continued growth and involvement in defense and aerospace sectors.

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