HighGravityDataL3Harris Technologies — Jul 24, 2025 release
Fiscal 2026 second-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000202058-25-000147
Showing in the filing
Integrated Mission Systems Operating margin
“~12% (Prior: high 11%)”
Period
FY2025
Measure
GAAP-tied
Source
Guidance table
All guidance in this release · 20
Revenue for FY2025
“~$21.75B (Prior: $21.4B - 21.7B)”
Adjusted segment operating margin for FY2025
“mid - high 15%”
Non-GAAP diluted EPS for FY2025
“$10.40 - $10.60 (Prior: $10.30 - $10.50)”
Adjusted free cash flow for FY2025
“~$2.65B (Prior: $2.4B - $2.5B)”
Communication Systems Revenue for FY2025
“$5,600 - $5,700”
Communication Systems Operating margin for FY2025
“~25%”
Integrated Mission Systems Revenue for FY2025
“~$6,400 (Prior: ~$6,300)”
Integrated Mission Systems Operating margin for FY2025
“~12% (Prior: high 11%)”
Space and Airborne Systems Revenue for FY2025
“~$7,100 (Prior: $6,900 - $7,100)”
Space and Airborne Systems Operating margin for FY2025
“low 12%”
Aerojet Rocketdyne Revenue for FY2025
“~$2,800”
Aerojet Rocketdyne Operating margin for FY2025
“mid 12%”
FAS/CAS operating adjustment for FY2025
“~$15 million”
Non-service FAS pension income for FY2025
“~$285 million”
Non-service FAS pension income
“~$270 million”
Net interest expense for FY2025
“~$600 million”
Effective tax rate on non-GAAP income for FY2025
“13.5% - 14.5%”
Effective tax rate on non-GAAP income
“11.0% - 12.0%”
Weighted-average diluted shares
“188 - 189”
Capital expenditures for FY2025
“~2% revenue”
Exhibit 99.1 · the passage around this item
… earlier in the release
Integrated Mission Systems Second Quarter Year to Date 2025 Guidance ($ 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, orga
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.