L3Harris Technologies — Jul 29, 2026 release

Operating Margin: Second quarter operating margin decreased 60 bps to 9.8% driven by the absence of a $75 million gain recognized in connection with the sale of assets from a product line in second quarter 2025, partially offset by improved program performance and a $23 million net gain in segment investment income. Communications & Spectrum Dominance Second Quarter Year to Date 2026 Guidance ($ millions) 2026 2025 Change 2026 2025 Change Revenue $ 1,943 $ 1,861 4% $ 3,798 $ 3,670 3% ~$8,000 Operating margin 26.9 % 24.6 % 230 bps 26.0 % 24.6 % 140 bps mid 25% (Prior: ~25%) Revenue: Second quarter revenue increased 4%, primarily driven by higher revenue of $70 million in Mission Critical Communications associated with increased international deliveries for our software-defined resilient communications equipment and higher revenue in Spectrum Superiority from program ramps, partially offset by lower volume in Targeting and Sensor Systems. Operating Margin: Second quarter operating margin increased 230 bps to 26.9% primarily driven by higher international volume and a $16 million net gain in segment investment income, partially offset by increased investments in research and development as well as higher selling and marketing expenses and the absence of a $17 million gain recognized in connection with the sale of assets from a product line in second quarter 2025. Missile Solutions Second Quarter Year to Date 2026 Guidance ($ millions) 2026 2025 Change 2026 2025 Change Revenue $ 1,054 $ 925  14% $ 2,044 $ 1,765  16% ~$4,100 Operating margin 12.3 % 12.5 % (20) bps 12.4 % 12.0 % 40 bps low 12% Revenue: Second quarter revenue increased 14%, primarily driven by higher revenue