Exhibit 99.1 Earnings Release L3Harris Technologies Reports Strong Second Quarter 2025 Results, Increases 2025 Guidance Highlights* • Orders of $8.3 billion; book-to-bill of 1.5x • Revenue of $5.4 billion, up 2%, and 6% organically • Operating margin of 10.5%; Adjusted segment operating margin of 15.9% • Diluted EPS of $2.44; Non-GAAP diluted EPS of $2.78, up 16% • 2025 guidance and 2026 outlook increased on strong performance and improved expectations MELBOURNE, Fla., July 24, 2025 — L3Harris Technologies (NYSE: LHX) reported second quarter 2025 diluted EPS of $2.44 on second quarter 2025 revenue of $5.4 billion. Second quarter 2025 non-GAAP diluted EPS was $2.78. Reconciliations of non-GAAP results are detailed in tables beginning on page 11 . “We delivered impressive second-quarter results, led by a record book-to-bill of 1.5x, solid organic growth, and year-over-year adjusted segment operating margin expansion for the seventh consecutive quarter. This marks a clear inflection point, with our strongest top-line growth in six quarters and meaningful progress towards our 2026 Financial Framework. Our Trusted Disruptor strategy continues to drive differentiated, mission-critical solutions that meet our customers’ evolving needs while creating value for shareholders,” said Christopher E. Kubasik, Chair and CEO. Kubasik added, “Defense is entering a generational investment cycle, as U.S. and allied budgets grow rapidly. Demand is accelerating, and our portfolio is aligned with key growth areas – Golden Dome, space, missiles, shipbuilding, autonomy, and resilient communications. With the flexibility of our business-model agnostic approach – able to win as a prime, sub, or merchant supplier – a focused national security portfolio, and competitive momentum from LHX NeXt, we’re confident in our path to sustained profitable growth and long-term value creation.” ___ *Organic revenue, adjusted segment operating margin and non-GAAP diluted EPS are non-GAAP financial measures defined on page 16 . PAGE 1 SUMMARY FINANCIAL RESULTS* Second Quarter Year to Date 2025 Guidance ($ millions, except per share data) 2025 2024 1 Change 2025 2024 1 Change Revenue (see Table 4 for organic revenue) Communication Systems $ 1,376 $ 1,346 $ 2,728 $ 2,640 Integrated Mission Systems 1,622 1,671 3,214 3,298 Space & Airborne Systems 1,787 1,707 3,398 3,458 Aerojet Rocketdyne 698 633 1,327 1,217 Corporate eliminations (57) (58) (109) (103) Revenue $ 5,426 $ 5,299 2 % $ 10,558 $ 10,510 — % ~$21.75B (Prior: $21.4B - 21.7B) Operating income Communication Systems 336 329 681 639 Integrated Mission Systems 214 200 417 385 Space & Airborne Systems 220 215 396 431 Aerojet Rocketdyne 93 81 169 158 Unallocated corporate expenses (292) (349) (567) (759) Operating income $ 571 $ 476 $ 1,096 $ 854 Adjusted segment operating income $ 863 $ 825 5 % $ 1,663 $ 1,613 3 % Margin Operating margin 10.5 % 9.0 % 10.4 % 8.1 % Adjusted segment operating margin 15.9 % 15.6 % 30 bps 15.8 % 15.3 % 50 bps mid - high 15% Tax rate Effective tax rate (GAAP) 12.6 % 5.9 % 14.1 % 4.1 % Effective tax rate (non-GAAP) 9.5 % 7.8 % 11.5 % 6.7 % EPS Diluted EPS $ 2.44 $ 1.92 $ 4.48 $ 3.40 Non-GAAP diluted EPS $ 2.78 $ 2.40 16 % $ 5.18 $ 4.64 12 % $10.40 - $10.60 (Prior: $10.30 - $10.50) Pension adjusted non-GAAP diluted EPS $ 2.42 $ 1.98 22 % $ 4.38 $ 3.79 16 % Diluted weighted-average common shares outstanding 187.8 190.6 188.5 190.8 Cash flow Cash from operations $ 640 $ 754 (15 %) $ 598 $ 650 (8 %) Adjusted free cash flow $ 574 $ 714 (20 %) $ 502 $ 558 (10 %) ~$2.65B (Prior: $2.4B - $2.5B) *A reconciliation of adjusted segment operating income and margin, non-GAAP effective tax rate, diluted EPS and pension adjusted diluted EPS, and adjusted free cash flow on a forward-looking basis to GAAP is not available without unreasonable effort due to the unavailability of items for exclusion from the GAAP measure. We are unable to address the probable significance of this information, the variability of which may have a significant impact on future GAAP results. See Non-GAAP Financial Measures on page 7 for more information. 1 2024 segment financial results recast to reflect strategic realignment of the Fuzing and Ordnance Systems (FOS) business from Integrated Mission Systems to Aerojet Rocketdyne, effective in 2025. See Table 9 - 2024 Segment Recast in our EX-99.1 Earnings Rel ease for first quarter 2025 . PAGE 2 Revenue: Second quarter revenue increased 2%, 6% organically, reflecting growth across all segments, primarily from higher volumes, new program ramps and increased international demand. Operating Margin: GAAP Operating Margin : Second quarter increased 150 bps to 10.5% primarily driven by lower unallocated corporate expenses, including lower LHX NeXt implementation costs, amortization of acquisition-related intangibles and the absence of business divestiture-related losses and impairment of goodwill that impacted 2024. Adjusted Segment Operating Margin : Second quarter expanded 30 bps to 15.9% primarily driven by monetization of legacy end-of-life assets, aligned with our transformation and value creation priorities, and LHX NeXt driven cost saving across all segments, partially offset by impacts from higher margin Commercial Aviation Solutions (CAS) divestiture. Diluted EPS: GAAP Diluted EPS : Second quarter increased 27% to $2.44 driven by higher operating income and lower interest expense from decreased average outstanding short-term debt balances during second quarter 2025, partially offset by a higher effective tax rate. Non-GAAP Diluted EPS and Pension Adjusted Non-GAAP Diluted EPS : Second quarter increased 16% to $2.78 and 22% to $2.42, respectively, from higher adjusted segment operating income and lower interest expense from decreased average outstanding short-term debt balances during second quarter 2025, partially offset by a higher effective tax rate. Cash Flow: Cash From Operations : Second quarter decreased 15% to $640 million driven by working capital timing and cash used for settlement of a longstanding legal matter, partially offset by growth in operating income. Adjusted Free Cash Flow : Second quarter decreased 20% to $574 million, driven by working capital timing, cash used for settlement of a longstanding legal matter, partially offset by growth in operating income and lower capital expenditures. PAGE 3 SEGMENT RESULTS* Communication Systems Second Quarter Year to Date 2025 Guidance ($ millions) 2025 2024 Change 2025 2024 Change Revenue $ 1,376 $ 1,346 2% $ 2,728 $ 2,640 3% $5,600 - $5,700 Operating margin 24.4 % 24.4 % — bps 25.0 % 24.2 % 80 bps ~25% Revenue: Second quarter revenue increased 2% primarily driven by increased international demand for resilient communication equipment and related waveforms. Operating Margin: Second quarter operating margin was flat, reflecting higher volume and LHX NeXt driven cost savings, partially offset by the absence of the favorable impact of legal settlements that impacted 2024. Integrated Mission Systems Second Quarter Year to Date 2025 Guidance ($ millions) 2025 2024 Change 2025 2024 Change Revenue $ 1,622 $ 1,671 (3)% $ 3,214 $ 3,298 (3)% ~$6,400 (Prior: ~$6,300) Operating margin 13.2 % 12.0 % 120 bps 13.0 % 11.7 % 130 bps ~12% (Prior: high 11%) Revenue: Second quarter revenue decreased 3%, reflecting the divestiture of our CAS business in the first quarter of 2025. Excluding the divestiture impact, organic revenue increased 6% primarily due to ISR classified program ramp. Operating Margin: Second quarter operating margin increased 120 bps to 13.2% primarily due to monetization of legacy end-of-life assets, aligned with our transformation and value creation priorities, partially offset by an unfavorable EAC adjustment from the resolution of a contract matter related to lower utilization on the Canadian Maritime Helicopter Program as it nears completion and impact from divestiture of our CAS business. *Organic revenue is a non-GAAP financial measure defined on page 16 . PAGE 4 Space and Airborne Systems Second Quarter Year to Date 2025 Guidance ($ millions) 2025 2024 Change 2025 2024 Change Revenue $ 1,787 $ 1,707 5% $ 3,398 $ 3,458 (2)% ~$7,100 (Prior: $6,900 - $7,100) Operating margin 12.3 % 12.6 % (30) bps 11.7 % 12.5 % (80) bps low 12% Revenue: Second quarter revenue increased 5%, including the impact from the divestiture of our antenna business in the second quarter of 2024. Excluding the divestiture impact, organic revenue increased 7%, primarily from increased FAA volume in our Mission Networks business and higher volume and improved program performance in our Airborne Combat Systems business, partially offset by lower volumes in our Space Systems and Intel and Cyber businesses associated with program timing. Operating Margin: Second quarter operating margin decreased 30 bps to 12.3% primarily from unfavorable mix, partially offset by monetization of legacy end-of-life assets aligned with our transformation and value creation priorities, improved program performance and LHX NeXt driven cost savings. Aerojet Rocketdyne Second Quarter Year to Date 2025 Guidance ($ millions) 2025 2024 Change 2025 2024 Change Revenue $ 698 $ 633 10% $ 1,327 $ 1,217 9% ~$2,800 Operating margin 13.3 % 12.8 % 50 bps 12.7 % 13.0 % (30) bps mid 12% Revenue: Second quarter revenue increased 10%, including the impact from the divestiture of our AOT business in the fourth quarter of 2024. Excluding the divestiture impact, organic revenue increased 12% from increased production volume across key missile and munitions programs and new program ramp. Operating Margin: Second quarter operating margin increased 50 bps to 13.3%, primarily due to improved performance driven by LHX NeXt driven cost savings and a favorable contract resolution. *Organic revenue is a non-GAAP financial measure defined on page 16 . PAGE 5 2025 NON-GAAP EPS GUIDANCE BRIDGE Our updated 2025 non-GAAP diluted EPS guidance reflects an increase of 200 to 300 basis points to the effective tax rate, resulting in a headwind of ~$0.30 at the midpoint. This impact is more than offset by strong first-half performance and increased guidance, driving a net increase of $0.10 to our full-year non-GAAP diluted EPS guidance. 2025 Guidance Non-GAAP diluted EPS (Prior) $10.30 - $10.50 H1 2025 performance and guidance update ~0.40 Non-GAAP EPS (Before tax reform impact) $10.70 - $10.90 Impact of tax reform ~(0.30) Non-GAAP diluted EPS (New) 1 $10.40 - $10.60 SUPPLEMENTAL INFORMATION 2025 Other Information Current Prior FAS/CAS operating adjustment ~$15 million ~$15 million Non-service FAS pension income ~$285 million ~$270 million Net interest expense ~$600 million ~$600 million Effective tax rate on non-GAAP income 1 13.5% - 14.5% 11.0% - 12.0% Weighted-average diluted shares ~188 188 - 189 Capital expenditures ~2% revenue ~2% revenue 1 Non-GAAP diluted EPS and effective tax rate on non-GAAP income are non-GAAP financial measures defined on page 16 . A reconciliation of non-GAAP diluted EPS and effective tax rate on non-GAAP income guidance is not available. See Non-GAAP Financial Measures on page 7 for more information. PAGE 6 Forward-Looking Statements This earnings release contains forward-looking statements within the meaning of federal securities laws made in reliance on the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Examples include, but are not limited to: share repurchases; divestiture and realignment impacts; 2025 guidance; budget increases; anticipated LHX NeXt initiative costs and savings; supplemental information for 2025; projection of other financial items; and assumptions underlying any of the foregoing. Investors should not place undue reliance on forward-looking statements, which reflect management’s current expectations, estimates, projections, assumptions and information currently available to management, and are not guarantees of future performance or actual results. Important risks that could cause our results to differ materially from those expressed in or implied by these forward-looking statements or from our historical results include, but are not limited to, risks arising from: competitive markets; U.S. Government spending priorities; changes in contract mix; inflation; tariffs and potential trade disputes; unilateral contract action by the U.S. Government; uncertain economic conditions; future geo-political events; supply chain disruptions; impacts of LHX NeXt; indebtedness; defined benefit plan liabilities and returns; interest rates and other market factors; changes in effective tax rate or additional tax exposures; pending and contemplated divestitures. These and other important risks that could impact forward-looking statements are described more fully in the " Risk Factors" in our Form 10-K for fiscal 2024 and our Form 10-Q for Q1 2025 filed with the SEC. All subsequent written and oral forward-looking statements attributable to us or any person acting on our behalf are qualified by the cautionary statements in this section, and we have no duty to and disclaim any intention or obligation, other than imposed by law, to update or revise any forward-looking statements, whether as a result of new information, future events or developments or otherwise. Non-GAAP Financial Measures Management believes the adjustments to non-GAAP Financial Measures ("NGFMs") in the tables beginning on page 11 are useful to investors because the excluded costs do not reflect our ongoing operating performance. Such adjustments, considered together with the unadjusted GAAP financial measures, provide information that management believes is useful to investors to understand period-over-period operating results separate from items that management believes may disproportionately impact operating results in any particular period; however there is no guarantee that items excluded from NGFMs will not reoccur in future periods. Management also believes that NGFMs enhance the ability of investors to analyze business trends, understand performance and evaluate our initiatives to drive improved financial performance. Management utilizes NGFMs to guide forecasting and long-term planning and for compensation purposes. NGFMs should be considered in addition to, and not as a substitute for, financial measures presented in accordance with GAAP. A reconciliation of forward-looking NGFMs to GAAP is not available without unreasonable effort because of inherent difficulty in forecasting and quantifying comparable GAAP measures and applicable adjustments and other amounts necessary for a reconciliation because of potentially high variability, complexity and low visibility of applicable adjustments and other unusual amounts that could disproportionately impact future GAAP results, such as the impact of defined benefit plan performance, LHX NeXt, portfolio shaping activities, and the extent of tax deductibility. Investor Relations Contact: Daniel Gittsovich, 321-724-3170 investorrelations@l3harris.com Media Relations Contact: Sara Banda, 321-306-8927 media@l3harris.com PAGE 7 Table 1 - Condensed Consolidated Statement of Operations (Unaudited) Second Quarter Year to Date ($ millions, except per share amounts) 2025 2024 2025 2024 Revenue $ 5,426 $ 5,299 $ 10,558 $ 10,510 Cost of revenue (4,091) (3,939) (7,873) (7,802) General and administrative expenses (764) (884) (1,589) (1,854) Operating income 571 476 1,096 854 Non-service FAS pension income and other, net 1 105 86 189 174 Interest expense, net (152) (172) (302) (348) Income before income taxes 524 390 983 680 Income taxes (66) (23) (139) (28) Net income 458 367 844 652 Noncontrolling interests, net of income taxes — (1) — (3) Net income attributable to L3Harris $ 458 $ 366 $ 844 $ 649 Earnings per share attributable to common shareholders Basic $ 2.45 $ 1.93 $ 4.50 $ 3.42 Diluted $ 2.44 $ 1.92 $ 4.48 $ 3.40 Weighted-average common shares outstanding Basic 187.0 189.7 187.7 189.8 Diluted 187.8 190.6 188.5 190.8 1 “FAS” is defined as Financial Accounting Standards. PAGE 8 Table 2 - Consolidated Statement of Cash Flow (Unaudited) Second Quarter Year to Date ($ millions) 2025 2024 2025 2024 Operating Activities Net income $ 458 $ 367 $ 844 $ 652 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 303 319 604 639 Share-based compensation 29 27 48 53 Net periodic benefit income (66) (71) (150) (143) Share-based matching contributions under defined contribution plans 68 72 136 142 Deferred income taxes (5) (136) (94) (247) (Increase) decrease in: Receivables, net 64 (32) (383) (25) Contract assets (214) 175 (634) (165) Inventories, net (6) 27 86 6 Other current assets (3) (36) (22) (26) Increase (decrease) in: Accounts payable (14) (209) 38 (200) Contract liabilities 193 14 177 (138) Compensation and benefits 130 69 25 (101) Other current liabilities (279) 103 (268) 85 Income taxes 48 108 321 211 Other operating activities (66) (43) (130) (93) Net cash provided by operating activities 640 754 598 650 Investing Activities Capital expenditures (88) (97) (147) (212) Proceeds from sales of businesses, net of cash divested — 158 831 158 Other investing activities 10 (3) (18) (4) Net cash (used in) provided by investing activities (78) 58 666 (58) Financing Activities Proceeds from issuances of long-term debt, net — 4 — 2,241 Repayments of long-term debt (606) (357) (611) (2,607) Change in commercial paper, maturities under 90 days, net 450 171 470 497 Proceeds from commercial paper, maturities over 90 days — 208 — 688 Repayments of commercial paper, maturities over 90 days — (480) — (685) Repurchases of common stock (253) (89) (822) (322) Dividends paid (225) (221) (453) (445) Other financing activities 24 20 1 33 Net cash (used in) provided by financing activities (610) (744) (1,415) (600) Effect of exchange rate changes on cash and cash equivalents 13 2 18 (5) Net decrease in cash and cash equivalents (35) 70 (133) (13) Cash and cash equivalents, beginning of period 517 477 615 560 Cash and cash equivalents, end of period $ 482 $ 547 $ 482 $ 547 PAGE 9 Table 3 - Condensed Consolidated Balance Sheet (Unaudited) ($ millions) June 27, 2025 January 3, 2025 Assets Current assets Cash and cash equivalents $ 482 $ 615 Receivables, net 1,437 1,072 Contract assets 3,857 3,230 Inventories, net 1,258 1,330 Income taxes receivable 93 379 Other current assets 481 461 Assets of business held for sale — 1,131 Total current assets 7,608 8,218 Non-current assets Property, plant and equipment, net 2,742 2,806 Goodwill 20,372 20,325 Intangible assets, net 7,261 7,639 Deferred income taxes 89 120 Other non-current assets 3,168 2,893 Total assets $ 41,240 $ 42,001 Liabilities and equity Current liabilities Short-term debt $ 985 $ 515 Current portion of long-term debt, net 141 640 Accounts payable 2,033 2,005 Contract liabilities 2,317 2,142 Compensation and benefits 444 419 Other current liabilities 1,402 1,677 Liabilities of business held for sale — 235 Total current liabilities 7,322 7,633 Non-current liabilities Long-term debt, net 10,976 11,081 Deferred income taxes 800 942 Other non-current liabilities 2,864 2,766 Total liabilities 21,962 22,422 Total equity 19,278 19,579 Total liabilities and equity $ 41,240 $ 42,001 PAGE 10 Reconciliation of Non-GAAP Financial Measures Table 4 - Organic Revenue Reconciliation (Unaudited) Second Quarter 2025 2024 ($ millions) GAAP Adjustments Organic GAAP Adjustments 1 Organic CS $ 1,376 — $ 1,376 $ 1,346 — $ 1,346 IMS 1,622 — 1,622 1,671 (138) 1,533 SAS 1,787 — 1,787 1,707 (32) 1,675 AR 698 — 698 633 (12) 621 Corporate eliminations (57) — (57) (58) — (58) Revenue $ 5,426 $ — $ 5,426 $ 5,299 $ (182) $ 5,117 Year to Date 2025 2024 ($ millions) GAAP Adjustments Organic GAAP Adjustments 1 Organic CS $ 2,728 $ — $ 2,728 $ 2,640 $ — $ 2,640 IMS 3,214 — 3,214 3,298 (138) 3,160 SAS 3,398 — 3,398 3,458 (76) 3,382 AR 1,327 — 1,327 1,217 (20) 1,197 Corporate eliminations (109) — (109) (103) — (103) Revenue $ 10,558 $ — $ 10,558 $ 10,510 $ (234) $ 10,276 1 Adjustment to exclude amounts attributable to divested businesses. PAGE 11 Table 5 - Reconciliation of Operating Income to Adjusted Segment Operating Income (Unaudited) Second Quarter Year to Date ($ millions) 2025 2024 2025 2024 Operating income $ 571 $ 476 $ 1,096 $ 854 Unallocated corporate department items Amortization of acquisition-related intangibles 193 215 387 432 Unallocated corporate department expense, net 50 33 65 66 FAS/CAS operating adjustment (3) (6) (6) (13) Total unallocated corporate department items 240 242 446 485 Significant and/or non-recurring items: Merger, acquisition, and divestiture-related expenses 1 13 21 30 61 Business divestiture-related losses and impairment of goodwill 1 — 38 17 38 LHX NeXt implementation costs 1 39 48 74 175 Total significant and/or non-recurring items 52 107 121 274 Unallocated corporate expenses 292 349 567 759 Adjusted segment operating income $ 863 $ 825 $ 1,663 $ 1,613 1 Refer to Key Terms and Non-GAAP Definitions on page 16 . PAGE 12 Table 6 - Reconciliation of Effective Tax Rate to Effective Tax Rate on Non-GAAP Income (Unaudited) Second Quarter 2025 2024 ($ millions) Earnings Before Tax Tax Expense (Benefit) Effective Tax Rate Earnings Before Tax Tax Expense Effective Tax Rate Income before income taxes $ 524 $ 66 12.6 % $ 390 $ 23 5.9 % Merger, acquisition, and divestiture-related expenses 1 13 3 21 7 Business divestiture-related losses and impairment of goodwill 1 — (18) 38 (2) LHX NeXt implementation costs 1 39 4 48 11 Non-GAAP income before income taxes $ 576 $ 55 9.5 % $ 497 $ 39 7.8 % Year to Date 2025 2024 ($ millions) Earnings Before Tax Tax Expense (Benefit) Effective Tax Rate Earnings Before Tax Tax Expense Effective Tax Rate Income before income taxes $ 983 $ 139 14.1 % $ 680 $ 28 4.1 % Merger, acquisition, and divestiture-related expenses 1 30 4 61 16 Business divestiture-related losses and impairment of goodwill 1 17 (23) 38 (2) LHX NeXt implementation costs 1 74 7 175 22 Non-GAAP income before income taxes $ 1,104 $ 127 11.5 % $ 954 $ 64 6.7 % 1 Refer to Key Terms and Non-GAAP Definitions on page 16 . PAGE 13 Table 7 - Reconciliation of Diluted EPS to Non-GAAP Diluted EPS and Pension Adjusted Non-GAAP Diluted EPS (Unaudited) Second Quarter Year to Date ($ millions, except per share data) 2025 2024 2025 2024 Diluted weighted-average common shares outstanding 187.8 190.6 188.5 190.8 Diluted EPS $ 2.44 $ 1.92 $ 4.48 $ 3.40 Significant and/or non-recurring items included in diluted EPS above: Merger, acquisition, and divestiture-related expenses 1 0.07 0.11 0.16 0.32 Business divestiture-related losses and impairment of goodwill 1 — 0.20 0.09 0.20 LHX NeXt implementation costs 1 0.21 0.25 0.39 0.92 Income taxes on above adjustments and other, net 2 0.06 (0.08) 0.06 (0.20) Non-GAAP diluted EPS 2 $ 2.78 $ 2.40 $ 5.18 $ 4.64 Less: per share impact of: FAS/CAS operating adjustment 3 (0.01) (0.03) (0.03) (0.06) Non-service FAS pension income 3 (0.35) (0.39) (0.77) (0.79) Pension adjusted non-GAAP diluted EPS $ 2.42 $ 1.98 $ 4.38 $ 3.79 1 Refer to Key Terms and Non-GAAP Definitions on page 16 . 2 Second quarter 2024 amount updated to exclude adjustment of $1.13 per share and $0.29 per share for amortization of acquisition-related intangible assets and related income tax expense, respectively. Year to date 2024 amount updated to exclude adjustment of $2.26 per share and $0.60 per share for amortization of acquistion-related intangible assets and related income tax expense, respectively. 3 Net of tax effect. PAGE 14 Table 8 - Reconciliation of Net Cash Provided by Operating Activities to Adjusted Free Cash Flow (Unaudited) Second Quarter Year to Date ($ millions) 2025 2024 2025 2024 Net cash provided by operating activities $ 640 $ 754 $ 598 $ 650 Capital expenditures (88) (97) (147) (212) Proceeds from disposal of property, plant and equipment, net 9 — 9 — Free cash flow 561 657 460 438 Cash used for merger, acquisition and severance 1 13 57 42 120 Adjusted free cash flow $ 574 $ 714 $ 502 $ 558 1 Refer to Key Terms and Non-GAAP Definitions on page 16 . PAGE 15 Key Terms and Non-GAAP Definitions Description Definition Merger, acquisition, and divestiture-related expenses Transaction and integration expenses associated with the AJRD acquisition; external costs related to pursuing acquisition and divestiture portfolio optimization; non-transaction costs related to divestitures; and salaries of employees in roles dedicated to planned divestiture and acquisition activity. Business divestiture-related losses and impairment of goodwill In 2024, includes loss on sale and impairment of goodwill recognized in connection with the sale of our antenna and related businesses and a loss associated with the then pending divestiture of our Commercial Aviation Solutions business. In 2025, includes loss recognized in connection with the sale of our Commercial Aviation Solutions business. LHX NeXt implementation costs Costs related to the LHX NeXt initiative are expected to continue into 2026 and are expected to include workforce optimization costs and incremental IT expenses for implementation of new systems, third-party consulting expenses and other related costs, including costs related to personnel dedicated to this project. Organic revenue* Excludes the impact of completed divestitures and is reconciled in Table 4. Orders Total value of funded and unfunded contract awards received from the U.S. Government and other customers, including incremental funding and adjustments to previous awards, excluding unexercised contract options and potential orders under ordering-type contracts, such as indefinite delivery, indefinite quantity (IDIQ) contracts. Non-GAAP income before income taxes* Represents income before income taxes adjusted for items reconciled in Table 6. Effective tax rate on non-GAAP income* Represents the effective tax rate (tax expense as a percentage of income before income taxes) adjusted for the tax effect of items reconciled in Table 6. Adjusted segment operating income and margin* On a consolidated basis represents operating income and margin, excluding unallocated corporate department items and items reconciled in Table 5. Non-GAAP diluted EPS* Represents EPS (earnings per share attributable to common shareholders) adjusted for items reconciled in Table 7. Pension adjusted non-GAAP diluted EPS* Represents Non-GAAP diluted EPS, described above, adjusted for the after tax per share impact of the FAS/CAS operating adjustment and Non-service FAS pension income reconciled in Table 7. Adjusted free cash flow* Net cash provided by operating activities less capital expenditures, plus proceeds from disposal of property, plant and equipment and cash used for merger, acquisition and severance reconciled in Table 8. Cash used for merger, acquisition, and severance* Cash related to merger, acquisition and divestiture-related expenses (described above) and severance costs included in LHX NeXt implementation costs. _____ *Refer to Non-GAAP Financial Measures on page 7 for more information. PAGE 16

the item shown at left

other guidance in this release

Text is the filed exhibit, verbatim.