Revenue: Second quarter revenue was flat year-over-year, resulting from continued growth in Space Systems and classified program growth in Intel and Cyber, which was offset by lower volumes in our Airborne Combat Systems business and lower revenues from the divestiture of the antenna business. Excluding this divestiture, organic revenue increased 1%.

Operating Margin: Second quarter operating margin increased 280 bps largely due to the absence of a non-cash charge that impacted 2023, improved operational and program performance, including the impact of the LHX NeXt cost savings initiative.

* A reconciliation is not available. See the note on page 2 and Non-GAAP Financial Measures on page 6 for more information.

IMS

		Second Quarter											Year to Date											2024 Guidance*
	($ millions)	2024				2023				Change			2024				2023				Change
	Revenue	$	1,729			$	1,735			—	%		$	3,398			$	3,435			(1	)%		$6,500 - $6,700 (Prior $6,400 - $6,600)
	Operating margin		11.9	%			9.3	%		260 bps				11.7	%			10.1	%		160 bps			mid 11%* (Prior low-mid 11%)

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8  Next Page »