Communication Systems order momentum continued in the third quarter, marking the seventh straight quarter of year-over-year orders growth for the segment.
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DoD Tactical orders grew 27% from readiness and modernization
initiatives on ground and airborne platforms. Key orders included:
- Upgrade of vehicular radio systems for the U.S. Air Force Mine Resistant Ambush Protected (MRAP) vehicles
- Single-Channel Ground and Airborne Radio Systems (SINCGARS) for the U.S. Army
- Highband Networking RadiosTM for the U.S. Army's upper tactical network
- International Tactical orders grew 15% with several key wins, including an award from an Asian nation to integrate, modernize and upgrade their command and control network and multiple orders across several countries supporting security forces modernization, counter-terrorism and border control.
- Public Safety orders grew 28% on increased demand from state and local agencies for legacy system upgrades, including the Washington State Department of Transportation and the cities of San Antonio and Miami Beach.
- Night Vision orders grew 10% on momentum with the U.S. Army, receiving a $30 million award to support increased logistics readiness.
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Electronic Systems |
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| ($ millions) | Third Quarter | Year to Date | |||||||||||||||||||||||||||
| FY 2018 | FY 2017 | Change | FY 2018 | FY 2017 | Change | ||||||||||||||||||||||||
| Revenue | $ | 609 | $ | 553 | 10 | % | $ | 1,733 | $ | 1,660 | 4 | % | |||||||||||||||||
| Operating income | $ | 112 | $ | 115 | (3 | )% | $ | 322 | $ | 360 | (11 | )% | |||||||||||||||||
| Operating margin | 18.4 | % | 20.8 | % | (240)bps | 18.6 | % | 21.7 | % | (310)bps | |||||||||||||||||||
