L3Harris Technologies — Apr 30, 2026 release

PAGE 1 SUMMARY FINANCIAL RESULTS* First Quarter 2026 Guidance ($ millions, except per share data) 2026 2025 Revenue Space & Mission Systems $ 2,990 $ 2,411 Communication & Spectrum Dominance 1,855 1,809 Missile Solutions 990 840 Intersegment (91) (74) Segment revenue 5,744 4,986 Other 1 — 146 Revenue $ 5,744 $ 5,132 $23B - $23.5B Operating income Space & Mission Systems $ 313 $ 238 Communication & Spectrum Dominance 465 443 Missile Solutions 124 96 Segment operating income 902 777 Unallocated corporate items and other, net 1 (see Table 4) (250) (252) Operating income $ 652 $ 525 Operating margin 11.4 % 10.2 % Segment operating margin 15.7 % 15.6 % low 16% Tax rate Effective tax rate 13.1 % 15.9 % GAAP EPS Diluted EPS $ 2.72 $ 2.04 $11.40 - $11.60 (Prior: $11.30 - $11.50) Diluted weighted-average common shares outstanding 188.1 189.1 Cash flow Cash used in operations $ (95) $ (42) Free cash flow 2 $ (187) $ (101) $3.0B 1 Includes other non-reportable businesses, which is the divested Commercial Aviation Solutions business ("CAS disposal group"). 2 Free cash flow is a non-GAAP Financial Measure defined and reconciled to GAAP in Table 6 . Net cash provided by operating activities is anticipated to be approximately $3.6 billion and capital expenditures are anticipated to be approximately $600M. * Organic revenue is a non-GAAP Financial Measure defined and reconciled to GAAP in Table 5 . PAGE 2 Revenue: Increased $612 million, up 12%, and 15% organically, driven by growth across all segments reflecting new program ramps and increased international volume. Operating Income: Increased $127 million, up 24%. Operating margin was 11.4%, up 120 bps. The improvement in operating income was primarily driven by a $125 million increase in segment operating income due to strong growth in the quarter and a decline in unallocated corporate items and other, net costs. Segment Operating Income: Increased $125 million, up 16%. Segment operating margin was 15.7%, up 10 bps. Segment operating income grew across all segments due to increased volume, improved program performance and higher monetization of legacy assets aligned with our transformation and value creation priorities, partially offset by higher growth in businesses with lower average margin and increased investments in go-to-market activities and research and development. Diluted EPS: Increased 33% to $2.72 driven by higher operating income, lower interest expen