L3Harris Technologies, Inc. filed a Free Writing Prospectus on November 2, 2026, setting pricing terms for a $1 billion senior unsecured note offering in two tranches: $500,000,000 of 5.200% Notes due 2029 and $500,000,000 of 5.400% Notes due 2032.

Key Highlights

  • Two tranches, $500 million each: The 2029 Notes carry a 5.200% coupon; the 2032 Notes carry a 5.400% coupon, for a combined $1,000,000,000 in senior unsecured debt.
  • Trade date November 2, 2026: Settlement for both tranches is expected on November 5, 2026 (T+3).
  • Offering prices below par: The 2029 Notes priced at 99.951% of principal; the 2032 Notes priced at 99.813% of principal.
  • Yields to maturity: 5.218% for the 2029 Notes and 5.441% for the 2032 Notes, according to the filing.
  • Treasury spreads: The 2029 Notes priced at T+57 basis points; the 2032 Notes at T+75 basis points.
  • Expected ratings (Moody's / S&P / Fitch): Baa2 (Positive) / BBB (Stable) / BBB+ (Stable) for both tranches, as stated in the filing.
  • Eleven joint book-running managers: Including Citigroup Global Markets Inc., J.P. Morgan Securities LLC, BofA Securities, Inc., Morgan Stanley and Wells Fargo Securities, LLC, among others.

L3Harris Technologies Dual-Tranche Senior Note Pricing Terms

According to the Issuer Free Writing Prospectus filed under Rule 433 on November 2, 2026, L3Harris Technologies, Inc. set the terms for a two-part offering of senior unsecured notes. The 2029 Notes, totaling $500,000,000, carry an interest rate of 5.200% per annum and mature on November 5, 2029. Interest payments are due on May 5 and November 5 of each year, beginning May 5, 2027. The 2032 Notes, also $500,000,000, carry a rate of 5.400% per annum and mature on April 15, 2032, with interest payable on April 15 and October 15 of each year, beginning April 15, 2027.

The filing identifies the benchmark Treasury for the 2029 Notes as the 4.875% due October 15, 2029, priced at 100-19 3/4 with a yield of 4.648%, resulting in a spread of T+57 basis points. For the 2032 Notes, the benchmark is the 4.750% due October 31, 2031, priced at 100-08 1/4 with a yield of 4.691%, for a spread of T+75 basis points. Both tranches carry minimum denominations of $2,000 x $1,000.

Optional redemption provisions, as described in the filing, include a make-whole call for the 2029 Notes at any time prior to October 5, 2029, at a discount rate equal to the Treasury Rate plus 10 basis points or 100% of principal, whichever is greater. The 2032 Notes carry a make-whole call prior to March 15, 2032, at Treasury Rate plus 15 basis points or 100% of principal, whichever is greater. Par calls for both tranches are available on or after the respective one-month-prior dates. The offering relates to Registration No. 333-293429, with a base prospectus dated February 12, 2026.

What Was Disclosed

L3Harris Technologies disclosed the full pricing terms for a $1 billion senior unsecured note offering in two tranches due 2029 and 2032, including coupon rates, yields, spreads, redemption terms, expected credit ratings, CUSIP identifiers, and the list of joint book-running managers.