L3Harris Technologies Retirement Plan

L3Harris Technologies Retirement Plan

L3Harris Technologies formed the retirement plan upon the June 2019 merger of L3 Technologies and Harris Corporation. Christopher E. Kubasik serves as chair and CEO of the parent company and holds responsibility for corporate strategy that includes retirement obligations. The plan functions as the primary vehicle for employee retirement savings at the sixth-largest U.S. defense contractor. The plan deploys capital across public equity, private equity, and real assets. Confirmed positions include the L3Harris Stock Fund and a minority stake in Ukrainian agricultural land held through NCH Capital's AgroProsperis platform. Geographic exposure spans the United States and Eastern Europe. Allocation data shows an 11.55 percent private-equity weighting with additional commitments to growth, buyout, secondaries, and natural-resources strategies. The parent company employs 47,000 people. The plan maintains relationships with recordkeeper Principal Life Insurance Company, trustee Principal Trust Company, and administrative agent JPMorgan Chase Bank. December 2023: Sponsored the L3Harris Investor Day that addressed capital allocation priorities and pension performance. A separate L3Harris Technologies Foundation handles charitable grants focused on education, health, and civic causes in the United States. The plan operates under a corporate governance model in which investment decisions rest with an internal committee rather than a standalone family office or external CIO. This structure ties mandate and oversight directly to the sponsor's board and benefits administration processes.