Segment funded book-to-bill was 1.26 for the quarter and 1.13 since the merger.
Order growth was solid in the second quarter with strength in defense-related businesses. In Defense Aviation Products, the company was awarded $45 million in orders for combat propulsion systems in support of the U.S. Army's ground vehicle recapitalization strategy, increasing the contract value to-date to over $500 million, and a $73 million award for radars supporting the E-2D aircraft. In addition, the company was awarded a $975 million IDIQ to provide real-time responsive airborne ISR solutions to the U.S. Special Operations Command supporting Mid-Endurance Unmanned Aircraft Systems.
L3Harris furthered its position in Military Training with a $900 million single-award IDIQ to develop and manage simulator common architecture requirements and standards across the U.S. Air Force's portfolio.
Cash and Capital Deployment
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($ millions) |
Second Quarter |
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First Half |
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|
2020 |
|
2019 |
|
Change |
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2020 |
|
2019 |
|
Change |
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|
Operating cash flow |
$ |
802 |
|
|
$ |
311 |
|
|
$ |
491 |
|
|
$ |
1,335 |
|
|
$ |
716 |
|
|
$ |
619 |
|
|
|
Adjusted free cash flow10 |
$ |
785 |
|
|
$ |
267 |
|
|
$ |
518 |
|
|
$ |
1,318 |
|
|
$ |
646 |
|
|
$ |
672 |
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