Segment funded book-to-bill was 1.19 for the quarter and 1.12 since the merger.
Orders strength in ISR missionization continued with over $380 million in funding across several platforms, including $139 million supporting the Rivet Joint program and $45 million from the U.S. Air Force to upgrade systems for data collection and management during ISR missions.
Domestic and international demand for L3Harris electro-optical systems remained strong with a $380 million single-award IDIQ for WESCAM products in support of global U.S. Army operations and a $33 million order for WESCAM sensor suites supporting the U.S. Army's Shadow UAV program. The company also reinforced its incumbency with international customers, receiving $100 million in orders for electro-optical systems driven by European and Middle Eastern customers.
In Maritime, the company leveraged its investments in innovation to grow its unmanned maritime franchise and was awarded $53 million from a classified customer to support an unmanned surface vehicle program.
Space and Airborne Systems
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($ millions) |
Second Quarter |
|
First Half |
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|
|
2020 |
|
2019 |
|
Change |
|
2020 |
|
2019 |
|
Change |
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(GAAP to GAAP comparison) |
|
|
|
|
|
|
|
|
|
|
|
|||||||||
|
Revenue |
$ |
1,249 |
|
|
$ |
1,019 |
|
|
23% |
|
$ |
2,441 |
|
|
$ |
1,975 |
|
|
24% |
|
|
Operating income |
$ |
235 |
|
|
$ |
195 |
|
|
21% |
|
$ |
456 |
|
|
$ |
369 |
|
|
24% |
|
|
Operating margin |
18.8 |
% |
|
19.1 |
% |
|
(30)bps |
|
18.7 |
% |
|
18.7 |
% |
|
—bps |
|
||||
|
|
|
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|
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|
|
|
|
|
|
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|
||||||||
|
(GAAP to pro forma comparison) |
|
|
|
|
|
|
|
|
|
|
|
|||||||||
|
Revenue |
$ |
1,249 |
|
|
$ |
1,200 |
|
|
4.1% |
|
$ |
2,441 |
|
|
$ |
2,312 |
|
|
5.6% |
|
|
Operating income |
$ |
235 |
|
|
$ |
228 |
|
|
3% |
|
$ |
456 |
|
|
$ |
426 |
|
|
7% |
|
|
Operating margin |
18.8 |
% |
|
19.0 |
% |
|
(20)bps |
|
18.7 |
% |
|
18.4 |
% |
|
30bps |
|
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