L3Harris Technologies — Oct 24, 2024 release

Operating Margin: Third quarter operating margin increased 350 bps as a result of strong performance from higher volumes, favorable high margin international mix, proprietary waveform license sales, and LHX NeXt cost savings. AR Third Quarter Year to Date 2024 Guidance ($ millions) 2024 2023 Change 2024 2023 Change Revenue $ 596 $ 455  31% $ 1,719 $ 455  278% $2,400 - $2,500 Operating margin 12.6   % 12.3  % 60 bps 12.9  % 12.3  % 60 bps mid 12% (Prior: high 11%) Revenue and Operating Margin: Third quarter results are attributed to program execution across both sectors, Missile Solutions and Space Propulsion and Power Systems, reflecting a full quarter of contribution for 2024 and a partial quarter for 2023, from the July 28, 2023 acquisition date. Operating margins include the positive impact of amortization related to purchase price adjustments. PAGE 5 SUPPLEMENTAL INFORMATION* 2024 2023 Other Information Current Prior Actuals FAS/CAS operating adjustment ~$30 million ~$30 million $110 million Non-service FAS pension income ~$310 million ~$310 million $310 million Net interest expense ~$660 million ~$660 million $543 million Effective tax rate on GAAP income 1.9% Effective tax rate on non-GAAP income 13.0% - 13.5% 13.0% - 13.5% 13.0% Average diluted shares Flat Flat 190.6 Capital expenditures ~2% sales ~2% sales 2% sales *Effective tax rate on non-GAAP income is a non-GAAP financial measure defined on page 17. A reconciliation of effective tax rate on non-GAAP income guidance is not available. See Non-GAAP Financial Measures on page 7 for more infor