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
Space and Airborne Systems Revenue
“~$7,100 (Prior: $6,900 - $7,100)”
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
“~$600 million”
Effective tax rate on non-GAAP income for FY2025
“13.5% - 14.5%”
Effective tax rate on non-GAAP income
“11.0% - 12.0%”
Weighted-average diluted shares
“188 - 189”
Capital expenditures for FY2025
“~2% revenue”
Exhibit 99.1 · the passage around this item
… earlier in the release
*Organic revenue is a non-GAAP financial measure defined on page 16 . PAGE 4 Space and Airborne Systems Second Quarter Year to Date 2025 Guidance ($ 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 busine
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.