Exhibit 99.1 Earnings Release L3Harris Technologies Reports Strong Full Year and Fourth Quarter 2025 Results, Initiates 2026 Guidance MELBOURNE, Fla., January 29, 2026 — L3Harris Technologies (NYSE: LHX) reports full year and fourth quarter 2025 results. Highlights* Full Year • Orders of $27.5 billion; book-to-bill of 1.3x • Cash from operations of $3.1 billion, up 21%; Adjusted free cash flow of $2.8 billion, up 21% • Revenue of $21.9 billion, up 3%, 5% organically • Operating margin of 9.7%; Adjusted segment operating margin of 15.8% • Diluted EPS of $8.53; Non-GAAP diluted EPS of $10.73 Fourth Quarter • Revenue of $5.6 billion, up 2% versus prior year, 6% organically • Operating margin of 7.0%; Adjusted segment operating margin of 15.7% • Diluted EPS of $1.59; Non-GAAP diluted EPS of $2.86 “2025 was a clear inflection point for L3Harris. Our portfolio is directly aligned with the most critical national and global defense priorities, which drove record orders and strong organic growth, margins and cash flow. Throughout the year, we saw customers move with greater urgency, and our investments and agility allowed us to deliver on their missions with speed and scale,” said Christopher Kubasik, Chairman and CEO, L3Harris. Kubasik added, "As we look to 2026, our investments in technology and capacity along with a record backlog and strong demand signals give us confidence to deliver strong results. We remain disciplined in creating value for shareholders while continuing to invest in the business via capex and R&D." ___ *Organic revenue, adjusted free cash flow, adjusted segment operating margin and non-GAAP diluted EPS are non-GAAP financial measures defined on page 19 . PAGE 1 SUMMARY FINANCIAL RESULTS Fourth Quarter Full Year ($ millions, except per share data) 2025 2024 1 Change 2025 2024 1 Change Revenue (see Table 5 for organic revenue) Communication Systems $ 1,483 $ 1,437 $ 5,673 $ 5,459 Integrated Mission Systems 1,716 1,712 6,630 6,618 Space & Airborne Systems 1,739 1,728 6,946 6,869 Aerojet Rocketdyne 763 694 2,845 2,580 Corporate eliminations (53) (48) (229) (201) Revenue $ 5,648 $ 5,523 2 % $ 21,865 $ 21,325 3 % Operating income Communication Systems $ 369 $ 326 $ 1,432 $ 1,324 Integrated Mission Systems 191 237 812 826 Space & Airborne Systems 238 186 852 812 Aerojet Rocketdyne 5 73 270 307 Segment operating income 803 822 3,366 3,269 Unallocated corporate items (see Table 4) (410) (253) (1,256) (1,351) Operating income $ 393 $ 569 $ 2,110 $ 1,918 Operating margin 7.0 % 10.3 % 9.7 % 9.0 % Segment operating income $ 803 $ 822 $ 3,366 $ 3,269 Segment impairment of goodwill and other assets 2 85 24 85 24 Adjusted segment operating income 2 $ 888 $ 846 $ 3,451 $ 3,293 Adjusted segment operating margin 2 15.7 % 15.3 % 40 bps 15.8 % 15.4 % 40 bps Tax rate Effective tax rate 21.5 % 6.4 % 16.9 % 5.3 % Effective tax rate on non-GAAP income 2 16.7 % 8.5 % 14.0 % 8.0 % EPS Diluted EPS $ 1.59 $ 2.37 $ 8.53 $ 7.87 Non-GAAP diluted EPS 2 $ 2.86 $ 2.60 10 % $ 10.73 $ 9.70 11 % Pension adjusted non-GAAP diluted EPS 2 $ 2.32 $ 2.17 7 % $ 9.05 $ 8.01 13 % Diluted weighted-average common shares outstanding 188.2 190.6 188.4 190.7 Cash flow Cash from operations $ 1,962 $ 1,129 74 % $ 3,106 $ 2,559 21 % Adjusted free cash flow 2 $ 1,863 $ 1,033 80 % $ 2,814 $ 2,319 21 % Repurchases of common stock $ 156 $ 42 $ 1,154 $ 554 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 Release for first quarter 2025 . 2 Refer to Key Terms and Non-GAAP Definitions on page 19 . PAGE 2 PRESENTATION OF FINANCIAL RESULTS* Financial results are described on a full-year basis, with additional detail provided for notable fourth quarter activity. Revenue: 2025 revenue increased 3%, 5% organically, reflecting organic growth across all segments, including new program ramps and increased international deliveries. The government shutdown resulted in delayed awards within the fourth quarter, impacting fourth quarter and 2025 revenue, primarily in SAS. Operating Margin: GAAP Operating Margin : 2025 increased 70 bps to 9.7%. Adjusted Segment Operating Margin : 2025 increased 40 bps to 15.8%. 2025 GAAP operating margin increased driven primarily by higher monetization of legacy end-of-life assets aligned with our transformation and value creation priorities and lower unallocated corporate items, including lower LHX NeXt implementation costs, lower amortization of acquisition-related intangibles, and lower merger, acquisition, and divestiture-related expenses, partially offset by higher business divestiture-related losses in 2025. Adjusted Segment Operating Margin for 2025 increased primarily due to higher monetization of legacy end-of-life assets aligned with our transformation and value creation priorities and LHX NeXt driven cost savings across all segments, partially offset by impacts from the higher margin Commercial Aviation Solutions (CAS) divestiture at the end of March 2025. Diluted EPS: GAAP Diluted EPS : 2025 increased 8% to $8.53. Non-GAAP Diluted EPS : 2025 increased 11% to $10.73. GAAP Diluted EPS and Non-GAAP Diluted EPS for 2025 increased from higher operating income and adjusted segment operating income, respectively, lower interest expense from decreased average outstanding short-term debt balances during 2025 and higher FAS pension income, partially offset by a higher effective tax rate. Cash Flow: Cash From Operations : 2025 increased 21% to $3,106 million. Adjusted Free Cash Flow : 2025 increased 21% to $2,814 million. Cash from Operations and Adjusted Free Cash Flow for 2025 increased primarily due to the favorable impact of tax planning strategies and tax reform, less interest paid primarily due to lower average outstanding short-term debt balances and an increase in net income. Cash from operations was additionally impacted by less cash used for merger, acquisition and severance. *Adjusted segment operating margin and adjusted free cash flow are non-GAAP financial measures defined on page 19 . PAGE 3 SEGMENT RESULTS* Communication Systems Fourth Quarter Full Year ($ millions) 2025 2024 Change 2025 2024 Change Revenue $ 1,483 $ 1,437 3% $ 5,673 $ 5,459 4% Operating margin 24.9 % 22.7 % 220 bps 25.2 % 24.3 % 90 bps Impairment of other assets — % 1.7 % — % 0.4 % Adjusted segment operating margin 24.9 % 24.4 % 50 bps 25.2 % 24.7 % 50 bps Revenue: 2025 revenue increased 4%, primarily driven by increased international deliveries for software-defined resilient communications products, as well as the Next Generation Jammer Electronic Warfare program ramp, partially offset by lower volumes related to our civil communication products. Operating Margin: GAAP Operating Margin : Fourth quarter increased 220 bps to 24.9% and 2025 increased 90 bps to 25.2%. Adjusted Segment Operating Margin: Fourth quarter increased 50 bps to 24.9% and 2025 increased 50 bps to 25.2%. Fourth quarter and 2025 operating margin increased due to LHX NeXt driven cost savings and the absence of a prior year non-cash impairment of other assets related to the Tactical Data Links acquisition, partially offset by unfavorable mix associated with a higher proportion of domestic development volume. Adjusted segment operating margin increase excludes the impact of the prior year non-cash impairment of other assets. Integrated Mission Systems Fourth Quarter Full Year ($ millions) 2025 2024 Change 2025 2024 Change Revenue $ 1,716 $ 1,712 —% $ 6,630 $ 6,618 —% Operating margin 11.1 % 13.8 % (270) bps 12.2 % 12.5 % (30) bps Revenue: 2025 revenue remained flat. Excluding the impact of the divestiture of our CAS business, organic revenue increased 8%, primarily due to ramping activity in our ISR business on multiple classified programs and our Airborne Early Warning and Control aircrafts for the Republic of Korea Air Force. Operating Margin: Fourth quarter operating margin decreased 270 bps to 11.1%, driven by the CAS divestiture and unfavorable Maritime program performance. 2025 operating margin decreased 30 bps to 12.2%, primarily due to the divestiture of our CAS business, unfavorable program performance in Maritime and the resolution of a legacy contract matter, partially offset by the monetization of legacy end-of-life assets aligned with our transformation and value creation priorities, favorable mix impact from higher airborne electro-optical sensors volume and LHX NeXt driven cost savings. *Organic revenue and adjusted segment operating margin are non-GAAP financial measures defined on page 19 . PAGE 4 Space and Airborne Systems Fourth Quarter Full Year ($ millions) 2025 2024 Change 2025 2024 Change Revenue $ 1,739 $ 1,728 1% $ 6,946 $ 6,869 1% Operating margin 13.7 % 10.8 % 290 bps 12.3 % 11.8 % 50 bps Revenue: 2025 revenue increased 1%. Excluding the impact of the divestiture of our antenna business, organic revenue increased 2%, primarily from increased FAA volume in our Mission Networks business, partially offset by lower volume from program timing in our Space Systems business and lower classified volume in our Intel and Cyber business. The government shutdown resulted in later award timing that delayed expected fourth quarter and 2025 revenue. Operating Margin: Fourth quarter operating margin increased 290 bps to 13.7% driven by stabilized program performance on classified space programs. 2025 operating margin increased 50 bps to 12.3%, primarily due to stabilized program performance, monetization of legacy end-of-life assets aligned with our transformation and value creation priorities and LHX NeXt driven cost savings, partially offset by unfavorable mix. Aerojet Rocketdyne Fourth Quarter Full Year ($ millions) 2025 2024 Change 2025 2024 Change Revenue $ 763 $ 694 10% $ 2,845 $ 2,580 10% Operating margin 0.7 % 10.5 % (980) bps 9.5 % 11.9 % (240) bps Impairment of goodwill 11.1 % — % 3.0 % — % Adjusted segment operating margin 11.8 % 10.5 % 130 bps 12.5 % 11.9 % 60 bps Revenue: 2025 revenue increased 10%. Excluding the impact of the divestiture of our AOT business, organic revenue increased 12% from increased production volumes across key missile, munitions, and space programs, as well as development program ramps. Operating Margin: GAAP Operating Margin : Fourth quarter decreased 980 bps to 0.7% and 2025 decreased 240 bps to 9.5%. Adjusted Segment Operating Margin : Fourth quarter increased 130 bps to 11.8% and 2025 increased 60 bps to 12.5%. Fourth quarter and 2025 operating margin decreased due to a non-cash impairment of goodwill related to the Space Technology disposal group 1 , partially offset by favorable mix and LHX NeXt driven cost savings. Adjusted segment operating margin benefits from higher volume and LHX NeXt driven cost savings. *Organic revenue and adjusted segment operating margin are non-GAAP financial measures defined on page 19 . 1 Space Technology disposal group is defined on page 19 . PAGE 5 2026 GUIDANCE 1 Beginning in 1Q26 and reflected in our 2026 guidance, we reorganized our business structure to three business segments. On January 5, 2026, we announced the sale of a majority stake in our Space Technology disposal group 2 ; the financials of this business are included in our 2026 guidance. We expect the transaction to close in the second half of 2026 at which time our guidance will be updated. We are also transitioning our diluted EPS presentation from a Non-GAAP basis to GAAP diluted EPS. 2026 Guidance Revenue Space & Mission Systems ~$11.5B Communication & Spectrum Dominance ~$8.0B Missiles Solutions ~$4.4B Total 3 $23B - $23.5B Segment Operating Margin Space & Mission Systems mid 10% Communication & Spectrum Dominance ~25% Missiles Solutions mid 12% Total low 16% Diluted EPS $11.30 - $11.50 Free cash flow 4 $3.0B 1 Supplemental information is provided in accompanying Earnings Presentation. 2 Space Technology disposal group is defined on page 19 . 3 Net of intersegment eliminations 4 Free cash flow is a non-GAAP financial measure defined on page 19 . Net cash provided by operating activities is anticipated to be approximately $3.6 billion and capital expenditures are anticipated to be approximately $600M. 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; 2026 guidance; divestiture or investment transaction timing; an investment from the Department of War (the “Investment”); 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 or unexpected issues related to the Investment; uncertain economic conditions; future geo-political events; supply chain disruptions; indebtedness; interest rates and other market factors; and changes in effective tax rate or additional tax exposures. 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 2025. 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 12 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. Investor Relations Contact: Tony Calderon, 321-727-4450 investorrelations@l3harris.com Media Relations Contact: Sara Banda, 321-306-8927 media@l3harris.com PAGE 7 Table 1 - Condensed Consolidated Statement of Operations (Unaudited) Fourth Quarter Full Year ($ millions, except per share amounts) 2025 2024 2025 2024 Revenue $ 5,648 $ 5,523 $ 21,865 $ 21,325 Cost of revenue (4,202) (4,126) (16,240) (15,801) General and administrative expenses (968) (804) (3,430) (3,568) Impairment of goodwill and other assets (85) (24) (85) (38) Operating income 393 569 2,110 1,918 Non-service FAS pension income and other, net 1 132 79 419 354 Interest expense, net (143) (161) (597) (675) Income before income taxes 382 487 1,932 1,597 Income taxes (82) (31) (326) (85) Net income 300 456 1,606 1,512 Noncontrolling interests, net of tax — (3) — (10) Net income attributable to L3Harris $ 300 $ 453 $ 1,606 $ 1,502 Earnings per share attributable to common shareholders Basic $ 1.60 $ 2.38 $ 8.57 $ 7.91 Diluted $ 1.59 $ 2.37 $ 8.53 $ 7.87 Weighted-average common shares outstanding Basic 187.0 189.7 187.4 189.8 Diluted 188.2 190.6 188.4 190.7 1 “FAS” is defined as Financial Accounting Standards. PAGE 8 Table 2 - Consolidated Statement of Cash Flow (Unaudited) Fourth Quarter Full Year ($ millions) 2025 2024 2025 2024 Operating Activities Net income $ 300 $ 456 $ 1,606 $ 1,512 Adjustments to reconcile to net cash provided by operating activities: Depreciation and amortization 311 326 1,224 1,289 Share-based compensation 30 21 113 97 Net periodic benefit income (114) (71) (330) (286) Share-based matching contributions under defined contribution plans 53 65 253 264 Impairment of goodwill and other assets 85 38 85 38 Deferred income taxes 55 (46) 206 174 (Increase) decrease in: Receivables, net 131 (35) (343) 128 Contract assets 17 178 (437) (194) Inventories, net 64 50 117 96 Other current assets 35 3 17 (29) Increase (decrease) in: Accounts payable 568 (45) 475 (90) Contract liabilities 90 276 181 126 Compensation and benefits 3 17 70 (128) Other current liabilities 72 96 (423) 155 Income taxes 221 (125) 365 (383) Other operating activities 41 (75) (73) (210) Net cash provided by operating activities 1,962 1,129 3,106 2,559 Investing Activities Capital expenditures (158) (118) (424) (408) Proceeds from sales of businesses, net of cash divested (11) 115 820 273 Other investing activities 39 (109) 11 (128) Net cash provided by (used in) investing activities (130) (112) 407 (263) Financing Activities Proceeds from issuances of long-term debt, net — 1 — 2,827 Repayments of long-term debt (4) (11) (618) (2,620) Change in commercial paper, maturities under 90 days, net (725) (660) (515) (567) Proceeds from commercial paper, maturities over 90 days — — — 688 Repayments of commercial paper, maturities over 90 days — — — (1,205) Repurchases of common stock (156) (42) (1,154) (554) Dividends paid (225) (221) (903) (886) Other financing activities 3 18 108 93 Net cash (used in) provided by financing activities (1,107) (915) (3,082) (2,224) Effect of exchange rate changes on cash and cash equivalents 5 (26) 23 (17) Net increase (decrease) in cash and cash equivalents 730 76 454 55 Cash and cash equivalents, beginning of period 339 539 615 560 Cash and cash equivalents, end of period $ 1,069 $ 615 $ 1,069 $ 615 PAGE 9 Table 3 - Condensed Consolidated Balance Sheet (Unaudited) ($ millions) January 2, 2026 January 3, 2025 Assets Current assets Cash and cash equivalents $ 1,069 $ 615 Receivables, net 1,371 1,072 Contract assets 3,566 3,230 Inventories, net 1,219 1,330 Income taxes receivable 53 379 Other current assets 431 461 Assets of business held for sale 884 1,131 Total current assets 8,593 8,218 Non-current assets Property, plant and equipment, net 2,665 2,806 Goodwill 20,010 20,325 Intangible assets, net 6,509 7,639 Deferred income taxes 76 120 Other non-current assets 3,342 2,893 Total assets $ 41,195 $ 42,001 Liabilities and equity Current liabilities Short-term debt $ — $ 515 Accounts payable 2,461 2,005 Contract liabilities 2,262 2,142 Compensation and benefits 482 419 Other current liabilities 1,908 2,317 Liabilities of business held for sale 113 235 Total current liabilities 7,226 7,633 Non-current liabilities Long-term debt, net of current portion 10,443 11,081 Deferred income taxes 1,114 942 Other non-current liabilities 2,777 2,766 Total liabilities 21,560 22,422 Total equity 19,635 19,579 Total liabilities and equity $ 41,195 $ 42,001 PAGE 10 Table 4 - Unallocated Corporate Items (Unaudited) Fourth Quarter Full Year ($ millions) 2025 2024 2025 2024 Unallocated corporate items: Amortization of acquisition-related intangibles $ 191 $ 211 $ 769 $ 853 LHX NeXt implementation costs 1 68 51 167 267 Business divestiture-related losses (gains) and impairment of goodwill 1,2 65 (34) 82 33 Change in fair value of deferred compensation plan liabilities 9 (1) 57 40 Merger, acquisition, and divestiture-related expenses 1 17 16 57 102 Accrued corporate charge 1 30 — 30 — Other unallocated corporate items 30 10 94 56 Total unallocated corporate items $ 410 $ 253 $ 1,256 $ 1,351 1 Refer to Key Terms and Non-GAAP Definitions on page 19 . 2 Includes business divestiture-related losses (gains) and impairment of goodwill reported at corporate. PAGE 11 Table 5 - Organic Revenue Non-GAAP Financial Measure Reconciliation (Unaudited) Fourth Quarter Full Year 2024 ($ millions) GAAP Adjustments 1 Organic GAAP Adjustments 1 Organic CS $ 1,437 $ — $ 1,437 $ 5,459 $ — $ 5,459 IMS 1,712 (163) 1,549 6,618 (459) 6,159 SAS 1,728 — 1,728 6,869 (76) 6,793 AR 694 (15) 679 2,580 (45) 2,535 Corporate eliminations (48) — (48) (201) — (201) Revenue $ 5,523 $ (178) $ 5,345 $ 21,325 $ (580) $ 20,745 1 Adjustment to exclude amounts attributable to divested businesses. PAGE 12 Table 6 - Reconciliation of Effective Tax Rate to Effective Tax Rate on Non-GAAP Income (Unaudited) Fourth Quarter 2025 2024 ($ millions) Earnings Before Tax Tax Expense (Benefit) Effective Tax Rate Earnings Before Tax Tax Expense (Benefit) Effective Tax Rate Income before income taxes $ 382 $ 82 21.5 % $ 487 $ 31 6.4 % LHX NeXt implementation costs 1 68 18 51 14 Business divestiture-related losses (gains) and impairment of goodwill and other assets 1 150 (7) (10) (5) Merger, acquisition, and divestiture-related expenses 1 17 7 16 6 Accrued corporate charge 1 30 8 — — Non-GAAP income before income taxes $ 647 $ 108 16.7 % $ 544 $ 46 8.5 % Full Year 2025 2024 ($ millions) Earnings Before Tax Tax Expense (Benefit) Effective Tax Rate Earnings Before Tax Tax Expense (Benefit) Effective Tax Rate Income before income taxes $ 1,932 $ 326 16.9 % $ 1,597 $ 85 5.3 % LHX NeXt implementation costs 1 167 43 267 67 Business divestiture-related losses and impairment of goodwill and other assets 1 167 (62) 57 (13) Merger, acquisition, and divestiture-related expenses 1 57 14 102 22 Accrued corporate charge 1 30 8 — — Non-GAAP income before income taxes $ 2,353 $ 329 14.0 % $ 2,023 $ 161 8.0 % 1 Refer to Key Terms and Non-GAAP Definitions on page 19 . PAGE 13 Table 7 - Reconciliation of Diluted EPS to Non-GAAP Diluted EPS and Pension Adjusted Non-GAAP Diluted EPS (Unaudited) Fourth Quarter Full Year 2025 2024 2025 2024 Diluted weighted-average common shares outstanding (in millions) 188.2 190.6 188.4 190.7 Diluted EPS $ 1.59 $ 2.37 $ 8.53 $ 7.87 Significant and/or non-recurring items included in diluted EPS above: LHX NeXt implementation costs 1 0.36 0.27 0.89 1.40 Business divestiture-related losses and impairment of goodwill and other assets 1 0.80 (0.05) 0.89 0.30 Merger, acquisition, and divestiture-related expenses 1 0.09 0.08 0.30 0.53 Accrued corporate charge 1 0.16 — 0.16 — Income taxes on above adjustments and other, net 2 (0.14) (0.07) (0.04) (0.40) Non-GAAP diluted EPS 2 $ 2.86 $ 2.60 $ 10.73 $ 9.70 Less: per share impact of: FAS/CAS operating adjustment 3 — (0.04) (0.05) (0.14) Non-service FAS pension income 3 (0.54) (0.39) (1.63) (1.55) Pension adjusted non-GAAP diluted EPS $ 2.32 $ 2.17 $ 9.05 $ 8.01 1 Refer to Key Terms and Non-GAAP Definitions on page 19 . 2 Fourth quarter 2024 amount updated to exclude adjustment of $1.11 per share and $0.23 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 $4.47 per share and $1.07 per share for amortization of acquistion-related intangible assets and related income tax expense, respectively. 3 Net of tax effect. PAGE 14 Table 8 - Reconciliation of Net Cash Provided by Operating Activities to Adjusted Free Cash Flow - Non-GAAP Financial Measures Reconciliation (Unaudited) Fourth Quarter Full Year ($ millions) 2025 2024 2025 2024 Net cash provided by operating activities $ 1,962 $ 1,129 $ 3,106 $ 2,559 Capital expenditures (158) (118) (424) (408) Proceeds from disposal of property, plant and equipment, net 45 1 54 1 Free cash flow 1,849 1,012 2,736 2,152 Cash used for merger, acquisition and severance 1 14 21 78 167 Adjusted free cash flow 1 $ 1,863 $ 1,033 $ 2,814 $ 2,319 1 Refer to Key Terms and Non-GAAP Definitions on page 19 . PAGE 15 Table 9 - Segment Recast (Unaudited) Effective for fiscal 2026, our segments are re-aligned into three reportable segments with common capabilities and business models: • Space & Mission Systems (SMS): will integrate satellite and payload capabilities, including missile warning and defense, with maritime, air special missions, and other global defense and civil government programs, which is comprised of the following sectors: ◦ Intelligence, Surveillance and Reconnaissance (ISR): sector unchanged and previously reported in our Integrated Missions System (IMS) segment. ◦ Space Systems: sector formerly reported in our Space and Airborne Systems (SAS) segment, excluding our Telemetry & Radio Frequency (T&RF) business. ◦ Maritime: sector unchanged and previously reported in our IMS segment. ◦ Mission Networks: sector unchanged and previously reported in our SAS segment. ◦ Airborne Solutions: sector formerly named Airborne Combat Systems within our SAS segment excluding our Electronic Warfare, Agile Development Group (ADG), and Release Systems Antennas & Telemetry (RSAT) businesses. ◦ Intel & Cyber: sector previously reported within our SAS segment excluding some international businesses. • Communication & Spectrum Dominance (CSD): will combine all of the company’s capabilities in resilient communications and electronic warfare, which is comprised of the following sectors: ◦ Mission Critical Communications: includes our Tactical Communications and Public Safety and Professional Communications sectors, both of which were formerly reported in our Communications Systems (CS) segment. ◦ Spectrum Superiority: includes our Broadband Communications sector and the Electronic Warfare, T&RF, and related programs from our SAS segment. ◦ Targeting and Sensor Systems: primarily includes our Targeting and Sensor Systems sector from our IMS segment. ◦ Integrated Vision Solutions: sector unchanged and formerly reported in our CS segment. • Missile Solutions (MSL): will unite propulsion, hypersonics and other advanced missile technologies, which is comprised of the following sectors: ◦ Missile Propulsion: sector unchanged and formerly reported in our Aerojet Rocketdyne (AR) segment as Missile Solutions. ◦ Advanced Effects: a newly created sector which combines our ADG air launched effects and advanced technology capabilities with the majority of our RSAT business, which includes weapons release systems. These businesses were formerly reported in our Airborne Combat Systems sector within our SAS segment. This new sector also incorporates our Space and Sensors business and other electronics capabilities, including precision navigation and timing solutions which were formerly reported in our Defense Electronics sector within our IMS segment. ◦ Space Propulsion and Power Systems: sector unchanged and formerly reported in our AR segment. The historical results through the date of divestiture of businesses divested prior to the end of fiscal 2025 will be classified within the “other non-reportable business” line item within the Company’s segment reporting. The following business segment information reflects our results recast in our new segment structure for fiscal 2025 and and fiscal 2024 is presented as supplemental information. PAGE 16 Supplemental Recast Information 2025 (In millions) Revenue Operating Income Operating Margin First Quarter SMS $ 2,411 $ 238 9.9 % CSD 1,809 443 24.5 % MSL 840 96 11.4 % Other non-reportable businesses 1 146 23 15.8 % Segment operating income and margin 800 15.6 % Corporate (74) (275) Total $ 5,132 $ 525 10.2 % Second Quarter SMS $ 2,770 $ 289 10.4 % CSD 1,861 458 24.6 % MSL 925 116 12.5 % Other non-reportable businesses — — — % Segment operating income and margin 863 15.9 % Corporate (130) (292) Total $ 5,426 $ 571 10.5 % Third Quarter SMS $ 2,803 $ 299 10.7 % CSD 1,935 477 24.7 % MSL 1,008 124 12.3 % Other non-reportable businesses — — — % Segment operating income and margin 900 15.9 % Corporate (87) (279) Total $ 5,659 $ 621 11.0 % Fourth Quarter SMS $ 2,727 $ 229 8.4 % CSD 1,961 546 27.8 % MSL 2 1,024 28 2.7 % Other non-reportable businesses — — — % Segment operating income and margin 803 14.2 % Segment impairment of goodwill and other assets 3 85 Adjusted segment operating income and margin 888 15.7 % Corporate (64) (410) Total $ 5,648 $ 393 7.0 % 1 The historical results through the date of divestiture of businesses divested prior to the end of fiscal 2025 will be classified within the “other non-reportable businesses” line item within the Company’s segment reporting. 2 Fourth quarter MSL operating income includes a goodwill adjustment for the Space Technology disposal group. 3 Refer to Key Terms and Non-GAAP Definitions on page 19 . PAGE 17 Supplemental Recast Information Full Year 2025 2024 (In millions) Revenue Operating Income Operating Margin Revenue Operating Income Operating Margin SMS $ 10,711 $ 1,055 9.8 % $ 10,186 $ 1,046 10.3 % CSD 7,566 1,924 25.4 % 7,272 1,670 23.0 % MSL 1 3,797 364 9.6 % 3,525 405 11.5 % Other non-reportable businesses 2 146 23 15.8 % 711 148 20.8 % Segment operating income and margin 3,366 15.4 % 3,269 15.3 % Segment impairment of goodwill and other assets 3 85 24 Adjusted segment operating income and margin 3,451 15.8 % 3,293 15.4 % Corporate (355) (1,256) (369) (1,351) Total $ 21,865 $ 2,110 9.7 % $ 21,325 $ 1,918 9.0 % 1 2025 MSL operating income includes a goodwill adjustment for the Space Technology disposal group. 2 The historical results through the date of divestiture of businesses divested prior to the end of fiscal 2025 will be classified within the “other non-reportable businesses” line item within the Company’s segment reporting. 3 Refer to Key Terms and Non-GAAP Definitions on page 19 . PAGE 18 Key Terms and Non-GAAP Definitions Description Definition Business divestiture-related losses (gains) and impairment of goodwill and other assets Includes gains and losses recognized in connection with divestitures and impairments of goodwill and other assets. Merger, acquisition, and divestiture-related expenses Transaction and integration expenses associated with the Aerojet Rocketdyne 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. Accrued corporate charge Includes a non-recurring matter unrelated to segment activities and not indicative of ongoing operations. LHX NeXt implementation costs Includes costs related to workforce optimization costs, 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. Segment impairment of goodwill and other assets Impairment of goodwill and other assets recognized in segment results. Space Technology disposal group Consists of certain product lines of our Space Propulsion and Power Systems sector, reported in our Aerojet Rocketdyne segment, and the space portion of our Space & Sensors division, reported in our Integrated Mission Systems segment. Adjusted segment operating income and margin* On a consolidated basis represents operating income and margin, excluding unallocated corporate department items and segment impairment of goodwill and other assets. 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. Organic revenue* Excludes the impact of completed divestitures and is reconciled in Table 5. 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. Non-GAAP income before income taxes* Represents income before income taxes adjusted for items reconciled in Table 6. 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. Free cash flow* Net cash provided by operating activities less capital expenditures, plus proceeds from disposal of property, plant and equipment. 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 19

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other guidance in this release

Text is the filed exhibit, verbatim.