Order momentum was strong in Electronic Systems with bookings in EW and Avionics of more than $500 million across multiple platforms. EW received a $184 million, 3-year contract for electronic jamming systems for U.S. Navy, Australian and Kuwaiti F/A-18 aircraft and a $28 million contract from the U.S. Special Operations Command to provide electronic warfare capabilities for rotary aircraft. In Avionics, in addition to strong orders for F-35, F/A-18 and P-8 platforms, Harris was awarded a £59 million contract supporting the U.K. Ministry of Defence and a partnering nation for Paveway weapon interface kits that advance tactical air-to-ground warfare capabilities.
Space and Intelligence Systems |
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($ millions) | Third Quarter | Year to Date | |||||||||||||||||||||||||||
FY 2018 | FY 2017 | Change | FY 2018 | FY 2017 | Change | ||||||||||||||||||||||||
Revenue | $ | 482 | $ | 475 | 1 | % | $ | 1,413 | $ | 1,396 | 1 | % | |||||||||||||||||
Operating income | $ | 82 | $ | 76 | 8 | % | $ | 250 | $ | 231 | 8 | % | |||||||||||||||||
Operating margin | 17.0 | % | 16.0 | % | 100bps | 17.7 | % | 16.5 | % | 120bps | |||||||||||||||||||