Directors and advisers

1

Strategic report

2 – 4

Directors' report

5 – 8

Independent auditors' report

9 – 12

Statement of comprehensive income

13

Statement of financial position

14

Statement of changes in equity

15

Notes to the financial statements

16 – 34

1 Blossom Yard

London

E1 6RS

R +

Barclays Bank Plc

Eastern Business Banking

Eagle Point

1 Capability Green

Luton

LU1 3US

Reed Smith Corporate Services Limited

1 Blossom Yard

London

E1 6RS

The directors present their strategic report on the company for the period ended 2 January 2026.

With continued strength within the Maritime domain, the business has seen continued growth within our Above Water and Underwater portfolios and has delivered key milestones on several of those contracts during the period. The business was also awarded further contracts for Integrated Platform Management Systems on the Arrowhead 140 vessels in Poland and for submarine mechanical systems for an international customer.

Revenue increased from 2024 with new contract wins in the period and a full year of delivery of scope from contracts awarded in the previous period. Organisational changes including new senior leadership, enhanced financial controls combined with additional staff and a new Bid and Business Development team have further stabilised the business, giving a solid foundation to drive further growth and profitability.

The Astute Class Training Service contract continued to deliver full device availability at the Faslane facility. FAST Training Services Ltd—50% owned by MAPPS UK—operates the facility and its training courses. Continued training service activity in 2025 led to an increased dividend for MAPPS UK.

Support contracts have continued to perform well in the period, providing customers with high levels of availability. Initial scoping began in period for new, long term support contracts for both Above Water and Underwater customers, with the former expanding in scope to accommodate the Type 26 and Type 31 frigates as they enter service in the coming years.

Considering the market conditions the directors believe that both the level of the business and the period-end financial position were satisfactory and are confident that the company will continue to improve on its current level of performance in the future.

To leverage L3Harris' UK corporate footprint, create synergies, and improve profitability management have decided to combine L3Harris Autonomous Surface Vehicles Limited with L3Harris MAPPS Limited to form a new Maritime UK business in January 2026. The company will continue to develop and build on the L3Harris position as a global market leader in the Unmanned Surface Vehicles (USV) market. The businesses began operating under a consolidated leadership team during 2025, and the formal merger completed on 5th January 2026.

The results of the company are set out in the Statement of comprehensive income on page 13.

The company is exposed to a certain level of risk and uncertainty as a result of any deterioration in the company's relationship with its key customers or any changes in Government or customer priorities and requirements in the Naval Construction or Operational Programmes. Other potential risks include a major security breach, through cyber-attack or otherwise, or other significant disruptions of the company's IT networks and systems or those the company operates on-board Royal Navy vessels. There are also risks inherent with large long-term fixed-price contracts, particularly the ability to contain cost overruns, fluctuations in the price of electronic components, or a significant increase in or sustained period of inflation. There are risks arising from the effects of any non-compliance with laws, the consequences of uncertain economic conditions and future geopolitical events. There are also potential risks arising from performance of the company's subcontractors and suppliers, including supply chain disruption impacts and resource shortages

The company maintains comprehensive risk management, compliance and governance frameworks to identify, assess, and mitigate these risks in support of sustained operational performance and the delivery of customer commitments. The company has implemented a comprehensive cyber and information security framework incorporating preventive controls, continuous monitoring, and robust incident response procedures. The company conforms to the Information Security Management System standard: ISO/IEC 27001:2022. These measures are supported by physical, technical, and procedural safeguards designed to protect sensitive data and maintain the resilience of critical systems.

Increase / (decrease) in sales (%)

Sales increased due to additional contract awards in both our Above and Underwater portfolios, combined with a full period trading on our Australian contract award from late FY24.

Return on capital invested (%)

Operating profit expressed as a percentage of net assets. The return improved due to contract stability and new contract awards

This statement describes how the Directors have taken account of the matters set out in section 172 (1) (a) to (f) of the Companies Act 2006 (“s172”) when performing their duty to promote the success of the company for the benefit of its members as a whole. From the perspective of the Board, as a result of the governance structure, the matters that it is responsible for considering have been considered to an appropriate extent by the Board. The Board has also considered relevant matters where appropriate.

The Company maintains an ongoing sales plan, which includes a Product Management review, and a Sector review, to establish cross-company efficiencies and innovative solutions for future product offerings. Additionally, a Development Road Map is maintained, which serves to assess future strategic opportunities for the Company.  The company actively seeks to identify and embed efficiencies across the business both for project and overall business benefit.  Investment in the business infrastructure and facilities will continue in the upcoming year with an expansion of the Bristol facility to include an additional floorplate and a refurbishment of the existing floors.

The Company's competitive advantage is achieved through the skills of its people in developing more innovative and capable solutions. The Company's values include mutual respect, and open communication is actively encouraged. We aim to achieve high levels of employee satisfaction within a safe working environment, providing both diversity and equal opportunity.

We aim to align our activities with customer needs so that our customers benefit from effective, innovative products with high-quality standards, underpinned by outstanding service.

Within our sustainability strategy, we employ certified Quality Management System standard (ISO 9001:2015), Environmental Management Systems standard (ISO 14001:2015), and Occupational Health and Safety Management System standard (ISO 45001:2018).

Compliance with all applicable laws and regulations is the basis for business success. Employees are duty bound to uphold every aspect of all relevant laws and conduct business in accordance with the practices of fair competition and the prevention of corruption.  The Company provides regular training sessions to reinforce these requirements.

The Board is committed to maintaining open communication with our stakeholders. We explain our strategy and objectives clearly, listen to stakeholder feedback, and carefully consider any questions or concerns that are raised.

We are wholly owned by L3Harris Technologies, Inc.

On behalf of the Board

Director

30th September 2026

The directors present their report and the audited financial statements of the company for the period ended 2 January 2026.

The directors who held office during the period and up to the date of signing the financial statements, unless otherwise stated, were:

C Shepherd (resigned 31 January 2025)

B Gagnon (resigned 17 April 2025)

J Dunne (appointed 26 March 2025)

K Bartram (appointed 17 April 2025)

J Cantillon

An interim dividend of £7m (2024 £nil) has been paid during the period. The directors do not recommend payment of a final dividend (2024 £nil).

On 3 July 2026 the Company declared and paid a dividend of £10m to its immediate parent undertaking. As the dividend was declared after the reporting date, no liability has been recognised in these financial statements

As at statement of financial position date, the Company has net assets of £33,687,887 (2024 - £32,894,078) and has made a profit after tax in the period of £7,793,794 (2024 - £6,297,758).

In determining if the Company is a going concern, the Directors have reviewed the forecast for the period to  30th September 2027 and stress-tested various scenarios over this period for the impact of different levels of revenue disruption. The forecasts indicate that the Company will continue as a going concern with the current facilities available to it, even in the case of a significant reduction in activity.

Further the L3Harris group has considerable financial resources together with long-term contracts with several customers and suppliers and therefore in the event of the loss or suspension of one of its main contracts the Company would look to seek support from the group.

The Company has obtained a letter of support from L3Harris Technologies Inc., the ultimate parent company, which confirms that financial support will be provided, if required, to enable the Company to meet its liabilities as they fall due for a period of 12 months from the date of signing. Management has assessed the ability of the parent company to provide this support. Accordingly, the Directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.

The future developments of the company have been set out in the Strategic report.

The company's operations expose it to a variety of financial risks that include the effects of changes in credit risk, liquidity risk and interest rate cash flow risk. The company has in place a risk management programme that seeks to limit the adverse effects on the financial performance of the company by monitoring levels of debt finance and the related finance costs.

Given the size of the company, the directors have not delegated the responsibility of monitoring financial risk management to a sub-committee of the board. The policies set by the board of directors are implemented by

the company's finance department. The department has a policy and procedures manual that sets out specific guidelines to manage interest rate risk and credit risk.

Credit risk

The company has implemented policies that require appropriate credit checks on potential customers before sales are made. The amount of exposure to any individual counterparty is subject to a limit, which is reassessed annually by the board.

Liquidity risk

The company actively maintains a mixture of long-term and short-term debt finance that is designed to ensure the company has sufficient available funds for operations and planned expansions. At 2 January 2026 the company has no external debt.

Interest rate cash flow risk

The company has interest-bearing assets.  The company has a policy of maintaining debt at fixed rate (where possible) to ensure certainty of future interest cash flows. The directors will revisit the appropriateness of this policy should the company's operations change in size or nature. At 2 January 2026 the company does not have any external debt.  Liabilities are within group undertakings which are interest free.

In line with the Companies and Limited Liability Partnerships (Energy and Carbon Report) Regulations 2018 (“the 2018 Regulations”) L3Harris MAPPS Limited has implemented the government's policy on Streamlined Energy and Carbon Reporting (SECR).

L3Harris MAPPS Limited can report the emission figures below, calculated using the UK government's emission conversion factor guidance. The report corresponds with our financial period and reflects emissions and consumption from leased and controlled assets for which L3Harris MAPPS Limited is responsible. This includes purchased or indirectly charged gas and electricity.

Scope 1 – gas

80.00

35.00

Scope 2 – electricity

58.00

81.00

Total tCO2e (net)

            138.00

           116.00

Total tCO2e

            138.00

           116.00

Emission per employee

                0.69

                            0.58

Scope 1 – gas

434.10

           186.60

Scope 2 – electricity

328.66

           392.60

Total

762.76

           579.20

L3Harris MAPPS Limited is committed to continually invest in the necessary resources to help achieve further carbon emission reduction. The following actions were taken in 2025 to reduce carbon emissions:

Energy Efficient lighting and controls are being introduced to reduce electricity consumption.

Encouraging staff to continue our ‘paperless' programme, ensuring documentation is filed electronically.

Whilst business travel increased in 2025 due to higher bidding volumes being undertaken combined with a fuller schedule of supplier and customer visits, staff are encouraged to make use of virtual meetings for issues that do not require a formal visit.

Company law requires the directors to prepare financial statements for each financial period. Under that law the directors have prepared the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland”, and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements, the directors are required to:

select suitable accounting policies and then apply them consistently.

state whether applicable United Kingdom Accounting Standards, comprising FRS 102, have been followed, subject to any material departures disclosed and explained in the financial statements.

present information, including accounting policies, in a manner that provides relevant, reliable, comparable and understandable information

provide additional disclosures when compliance with the specific requirements in FRS 102 is insufficient to enable users to understand the impact of particular transactions, other events and conditions on the group and company financial position and financial performance

make judgements and accounting estimates that are reasonable and prudent; and

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006.

The company has granted an indemnity to one or more of its directors against liability in respect of proceedings brought by third parties, subject to the conditions set out in section 234 of the Companies Act 2006. Such qualifying third-party indemnity provision remains in force as at the date of approving the directors' report

The auditors, Ernst & Young LLP, have indicated their willingness to continue in office and a resolution concerning their reappointment will be circulated.

On behalf of the Board

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.  However, because not all future events or conditions can be predicted, this statement is not a guarantee as to the company's ability to continue as a going concern.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect irregularities, including fraud. The risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.  The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below. However, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and management.

A further description of our responsibilities for the audit of the financial statements is located on the

Financial Reporting Council's website at https://www.frc.org.uk/auditorsresponsibilities.  This description forms part of our auditor's report.

Signature

for and on behalf of Ernst & Young LLP, Statutory Auditor

Reading

Cost of sales

Administrative expenses

Interest receivable and similar income

Dividend income from joint venture

Tax on profit

All amounts are derived from continuing operations.

The notes on pages 16 to 34 are an integral part of these financial statements.

Intangible assets

Tangible assets

Debtors falling due greater than one year

Investments

Inventories

Debtors falling due within one year

Cash at bank and in hand

Creditors: amounts falling due within one year

Creditors: amounts falling due greater than one year

Provision for liabilities

Called up share capital

Share premium account

Retained earnings

The notes on pages 16 to 34 are an integral part of these financial statements.

The financial statements on pages 13 to 34 were approved by the Board and were signed on its behalf by:

Director

Registered Number: 05341813

Profit for the financial period

Dividends

Profit for the financial period

Dividends

The notes on pages 16 to 34 are an integral part of these financial statements.

The company's nature of operation and its principal activities are disclosed in the Strategic report on pages   2-4.

The company is a private company limited by shares and is incorporated and domiciled in the United Kingdom. The address of the registered office 920 Hempton Court, Park Avenue, Aztec West, Bristol BS32 4SR

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all periods presented, unless otherwise stated.

As at the statement of financial position date, the Company has net assets of £33,687,888 (2024 - £32,894,078) and has made a profit after tax in the period of £7,793,794 (2024 - £6,297,758).

Further, the L3Harris group has considerable financial resources together with long-term contracts with several customers and suppliers and therefore in the event of the loss or suspension of one of its main contracts the Company would look to seek support from the group.

The Company has obtained a letter of support from L3Harris Technologies Inc., the ultimate parent company, which confirms that financial support will be provided, if required, to enable the Company to meet its liabilities as they fall due for a period of 12 months from the date of signing. Management has assessed the ability of the parent company to provide this support. Accordingly, the Directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.

from disclosing certain financial instruments on the basis that equivalent disclosures are included in the consolidated financial statements of its ultimate parent company L3Harris Technologies Inc. [FRS 102 paras 11.39 – 11.48A, 12.26 – 12.29];

from disclosing the requirements of Section 26 in respect of share-based payments on the basis that the share-based payments concern equity instruments of its ultimate parent company L3Harris Technologies Inc.; and the equivalent disclosures are included in its own consolidated financial statements. [FRS 102 paras 26.18(b), 26.19 – 26.21, 26.23]; and

from disclosing key management personnel compensation in total. [FRS 102 para 33.7].

Dividend income is recognised when the right to receive payment is established.

Computer software is stated at cost less accumulated amortisation and accumulated impairment losses. Software is amortised over its estimated useful life of three years on a straight-line basis.

The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired.

Leasehold improvements

over the life of the lease

Fixtures and fittings

3 years

Computer equipment

3 years

Motor vehicles

3 years

The assets' residual lives are reviewed, and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.

Tangible assets are derecognised on disposal or when no future economic benefits are expected. On disposal, the difference between the net disposal proceeds and the carrying amount is recognised in the Statement of comprehensive income.

Investments are stated at cost less any provision for impairment. Annually, the Directors consider whether any events or circumstances have occurred that indicate the carrying value of investments may not be recoverable. Where such indicators exist, an impairment review is undertaken to determine whether the carrying amount exceeds the recoverable amount, being the higher of fair value less cost to sell and value in use. If the carrying amount exceeds the recoverable amount, an impairment charge is recognised to reduce the carrying value of the investment.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in the Statement of comprehensive income.

Other financial assets, including investments in equity instruments which are not

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

The company discloses transactions with related parties that are not wholly owned entities with the same Group. Transactions with wholly owned entities within the Group are not disclosed.

The revenue of the company has been derived from the activities and geographical markets shown below:

Design, construction and development projects and related support and maintenance

United Kingdom

Rest of Europe

Middle East

Taiwan

Australia

.

Operating profit is stated after charging/ (crediting):

Wages and salaries

Social security costs

Other pension costs (note 23)

Staff costs

Depreciation of tangible fixed assets – owned assets

Amortisation of intangible fixed assets

Operating lease charge

Foreign exchange loss/(gain)

Services provided by company auditors - Audit fees payable

The average monthly number of persons (including executive directors) employed was as follows:

Engineering

Project support

General and administration

Three directors (2024: one) are remunerated directly by L3Harris MAPPS Limited below. The other directors are remunerated by other companies in the L3Harris group, and no amount of this remuneration is recharged to this company.  For these directors, their services as a director of this entity are incidental to their main employment.

Director's emoluments

Company contributions to money purchase pension scheme

No retirement benefits are accruing (2024: nil) to directors under the company's money purchase pension scheme.

Bank interest receivable

Interest receivable on loan to related parties (note 13)

Dividend paid to L3Harris Technologies Inc

Dividend received by FAST training Ltd (JV)

UK corporation tax on profits for the period

Adjustments in respect of previous periods

Adjustment to tax charge in respect of previous periods

Rate change

Origination and reversal of timing differences

The adjustment in respect of the previous period of £1,037,692 (2024: £886,491) relates to differences arising between estimated tax provision and final tax calculation.

The current tax assessed for the period is lower (2024: lower) than that calculated using the statutory rate. The differences are explained below:

Profit multiplied by standard rate in the UK 25.0% (2024: 25%)

Expenses not deductible for tax purposes

Adjustments in respect of previous periods (deferred tax)

Adjustments in respect of previous periods (current tax)

Dividend income not subject to tax

The main rate of UK corporation tax is 25% (2024: 25%). The Company is subject to corporation tax at this rate. Deferred tax is measured at the tax rates that are expected to apply when the underlying temporary differences reverse, based on tax rates enacted or substantively enacted at the reporting date. Deferred tax has been calculated at 25% (2024: 25%).

The Organization for Economic Co-operation and Development (OECD) Pillar Two Global Anti-Base Erosion framework (GloBE Rules or Pillar Two model rules) implemented new taxing mechanisms under which multinational enterprises with revenue exceeding EUR 750 million per their consolidated financial statements would pay a 15% minimum tax, effective for fiscal years beginning on or after January 1, 2024. These new rules have been enacted in certain jurisdictions where L3 Harris group operates. L3 Harris Group has performed an assessment of its potential exposure to Pillar Two income taxes based on the 2024 country-by-country reporting and 2025 financial information for the constituent entities in the Group and has determined that any top up tax is immaterial.  The Group continues to follow Pillar Two legislative developments, as further countries enact the Pillar Two model rules, to evaluate the potential future impact on its consolidated results of operations, financial position and cash flows.

At 1 January 2025

Additions

Disposals

At 1 January 2025

Charge for period

Disposals

At 1 January 2025

At 1 January 2025

Additions

Disposals

At 1 January 2025

Charge for period

Disposals

At 1 January 2025

At 1 January 2025

Capital repayment

At 1 January 2025

Impairment

At 31 December 2024

The Directors have considered whether any indicators of impairment exist in respect of the Company's investments. In performing this assessment, consideration has been given to the underlying net assets and forecast future profitability of the investee undertakings. Based on this review, the Directors concluded that the recoverable amount of the investments exceeds their carrying value and, accordingly, no impairment has been recognised.

On 31 August 2005 L3Harris MAPPS Limited acquired 50% of the issued Ordinary share capital of FAST Holdings Limited for a consideration of £25,896 including associated transfer costs.

During the period, the Company received dividend income of £3.4m (2024: £2.2m) from FAST Holdings Limited, which has been recognised in the profit and loss account.

Great Britain

Ordinary shares of £1 each

Great Britain

Ordinary shares of £1 each

The principal activity of FAST Training Services Limited is the design, construction and operation of an integrated simulator-based submarine training facility. FAST Holdings Limited is the holding company of FAST Training Services Limited.

The address of the registered office of FAST Holdings Limited and FAST Training Services Limited is Warwick House, P.O. Box 87, Farnborough Aerospace Centre, Farnborough, Hampshire, GU14 6YU.

Through its ownership of 50% of the issued share capital in FAST Holdings Limited, L3Harris MAPPS Limited also has an interest in FAST Training Services Limited, a 100% owned subsidiary of FAST Holdings Limited.

During 2007, L3Harris MAPPS Limited issued Subordinated Secured Loan Notes of £3,998,725 to FAST Holdings Limited which bear interest of 11% and which mature in 2031. Capital of £224,757 (2024: £221,333) was repaid during the period. The directors do not consider the investment is impaired due to the long-term nature of the contracts under which services are provided by the investment which are forecast to be profitable over the contract lives.

Work in progress

There is no significant difference between the replacement cost of work in progress and their carrying amounts. No inventory write-downs were recognised during the current or prior period.

The amount of inventories recognised as an expense and included within cost of sales during the period was £10,650,301 (2024: £7,126,494).

      2    January      31 December

Trade debtors

Amounts owed by group undertakings

Deferred tax asset (note 18)

Prepayments

Corporation Tax

Accrued income – contract asset due in less than one year

Accrued income - contract asset due greater than one year

Amounts owed by group undertakings are unsecured and repayable on demand. Included within this balance is £9.7m (2024: £1.3m) relating to amounts prepaid for work to be performed on the Taiwan contract.

Trade debtors are stated after provisions for impairment of £nil (2024: £nil).

Trade creditors

Amounts owed to group undertakings

Other taxation and social security

Accruals

Deferred income – Contract liabilities due within one year

Deferred income – Contract liabilities due after more than one year

The Company's contract liabilities increased from £2.4m at 31 December 2024 to £20.8m at 2 January 2026, comprising £11.4m due within one year and £9.4m due after more than one year. The increase principally reflects advance customer milestone payments received on two significant long-term defence contracts. Revenue will be recognised as the Company satisfies its performance obligations and achieves the related programme milestones.

Amounts owed to group undertakings are unsecured, interest-free and repayable on demand.

At 1 January 2025

Increase in provision

Utilisation of provision

Release of provision

Accelerated capital allowances

Other timing differences

At opening period balance

Adjustment in respect of prior periods

Charged to statement of comprehensive income

The deferred tax asset in relation to the company has been recognised in full as the directors of the company consider it more likely than not that the asset will crystallise in the future.

252,421 (2024: 252,421) ordinary shares of £1 each

On 3 August 2012 1,000 ordinary shares of £1 each were allotted to L3Harris Technologies Inc. at a per share price of £3,811.74, resulting in a share premium of £3,810,738.

An interim dividend of £27.73 per share amounting to £6,999,985 (2024: £nil) has been paid during the period.

The company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:

Payments due

Not later than one year

Later than one year and not later than five years

Later than five years

The ultimate parent company and controlling party is L3Harris Technologies Inc., a company registered in the United States of America.

L3Harris Technologies Inc. is the parent undertaking of the largest and smallest group of undertakings to include these financial statements in their consolidation. The consolidated financial statements of L3Harris Technologies Inc. are available on L3Harris website at www.l3harris.com or from the following address:

During the period, FAST Holdings Limited, a joint venture of the company (note 13) repaid loan capital of £224,757 (2024: £221,333). The registered office of FAST Holdings Limited is Warwick House, PO Box 87, Farnborough, Hampshire, GU14 6YU.

During the period, the company entered into transactions relating to sales totalling £6,800,146 (2024: £5,347,917) with FAST Training Services Limited, a fully owned subsidiary of FAST Holdings Limited. At 2 January 2026, FAST Training Services Limited owed the company an amount of £459,860 (2024: £486,106).

For disclosure of directors' remuneration, see note 7 and for exemption taken, see note 3.

The company is exempt from disclosing other related party transactions as they are with other companies that are wholly owned within the Group.

The immediate parent company is L3Harris Technologies UK Limited, a company registered in the United Kingdom.

The company makes contributions to the personal pension schemes of certain employees under defined contribution arrangements.  The assets of the scheme are held separately from those of the company in independently administered funds.  The pension costs charged for the period represent contributions payable by the company to the fund and amounted to £759,540 (2024: £880,376).

On 5 January 2026 the company acquired the assets of L3Harris Autonomous Surface Vehicles Ltd. As the acquisition took place after the reporting date, it has not been reflected in these financial statements. The Directors have assessed the transaction and concluded that it represents a non-adjusting event after the end of the reporting period and is expected to contribute to the Company's future operation.

On 3 July 2026 the Company declared and paid a dividend of £10m to its immediate parent undertaking. As the dividend was declared after the reporting date, no liability has been recognised in these financial statements.