L3Harris Technologies — Jan 30, 2025 release

These results reflect our alignment with customer priorities, driving strong demand across all domains. Through our LHX NeXt initiative, we exceeded our cost-savings target for 2024, achieving $800 million, and are raising our overall cost-savings goal to $1.2 billion by the end of 2025, a year ahead of schedule." said Christopher E. Kubasik, Chair and CEO. Kubasik added, "As we move into 2025, our momentum remains strong, driven by strong bookings, a robust pipeline, expanding international opportunities, and continued transformation and operational improvements. We are on track to achieve our 2026 financial framework and remain committed to returning excess cash to shareholders. We are confident in our ability to sustain profitable growth and drive long-term value for our stakeholders. We are the agile defense player that is able to rapidly adapt to changing industry dynamics to deliver mission-critical capabilities for our customers." ___ *Organic revenue, adjusted segment operating margin, non-GAAP diluted EPS and adjusted free cash flow are non-GAAP financial measures defined on page 19 . PAGE 1 SUMMARY FINANCIAL RESULTS* Fourth Quarter Full Year ($ millions, except per share data) 2024 2023 Change 2024 2023 Change Revenue (see Table 4 for organic revenue) Space & Airborne Systems $ 1,728 $ 1,800 $ 6,869 $ 6,856 Integrated Mission Systems 1,773 1,627 6,842 6,630 Communication Systems 1,437 1,363 5,459 5,070 Aerojet Rocketdyne 628 597 2,347