SCHEDULE 13G/A: BlackRock Discloses 7.2% Passive Stake in L3Harris Technologies
Beneficial Ownership Disclosure
BlackRock, Inc. has filed an amended Schedule 13G, reporting a 7.2% beneficial ownership stake in L3Harris Technologies Inc. common stock as of March 31, 2025.
Summary
- BlackRock, Inc. has filed an Amendment No. 5 to Schedule 13G regarding its beneficial ownership in L3HARRIS TECHNOLOGIES INC.
- As of March 31, 2025, BlackRock, Inc. beneficially owns an aggregate of 13,578,793 shares of L3HARRIS TECHNOLOGIES INC. Common Stock.
- This ownership represents 7.2% of the class of securities.
- BlackRock, Inc. holds sole voting power over 12,798,452 shares.
- BlackRock, Inc. holds sole dispositive power over 13,578,793 shares.
- No shared voting or shared dispositive power is reported.
- The filing states that the securities were acquired and are held in the ordinary course of business and not for the purpose or with the effect of changing or influencing the control of the issuer.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing disclosing passive ownership, providing no positive or negative operational or financial news about the issuer.
Future Outlook
The document does not provide any forward-looking statements or guidance regarding the issuer's future performance or outlook.
Management Comments
- BlackRock, Inc. certifies that, to the best of its knowledge and belief, the securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities.
Industry Context
This filing is a routine disclosure by BlackRock, Inc., one of the world's largest asset managers, indicating its passive investment stake in L3Harris Technologies Inc. It reflects a standard portfolio holding by a major institutional investor rather than a strategic or activist position.
Stakeholder Impact
- Shareholders are informed of a significant institutional holder's passive stake in the company, which can provide a degree of stability and confidence regarding institutional interest.
Key Dates
| Date | Description |
|---|---|
| 04/30/2023 | Date of previously revoked Power of Attorney. |
| 01/21/2025 | Effective date of the new Power of Attorney for BlackRock, Inc. |
| 03/31/2025 | Date of event which requires the filing of this statement (reporting period end). |
| 04/24/2025 | Signature date of the Schedule 13G filing. |
Keywords
BlackRock, L3Harris Technologies, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Passive Investment
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