In Space, the company leveraged its technical expertise and on-going customer relationships to secure a ten-year, $1.2 billion, competitive award as the prime mission integrator for our nation’s space domain awareness program, MOSSAIC. This award, if fully exercised, has the potential to reach $2 billion and continues our 17-year collaboration with the U.S. Space and Missile Systems Center.
L3Harris continued to strengthen its position in Avionics and Electronic Warfare with $269 million in orders for F-35 modernization and avionics components, including a $52 million award for advanced data links under the first Lot 15 order. In addition, the company was awarded a sole-source IDIQ for up to $493 million from the U.S. Special Operations Command for electronic warfare systems.
This order momentum resulted in a segment funded book-to-bill of 1.16 for the quarter and 0.98 since the merger.
Communication Systems
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($ millions) |
First Quarter |
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1Q20 |
|
1Q19 |
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Change |
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||||
|
(GAAP to GAAP comparison) |
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|
|
|
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|
||||
|
Revenue |
$ |
1,094 |
|
|
$ |
580 |
|
|
89% |
|
|
Operating income |
$ |
250 |
|
|
$ |
167 |
|
|
50% |
|
|
Operating margin |
22.9 |
% |
|
28.8 |
% |
|
(590)bps |
|
||
|
|
|
|
|
|
|
|
||||
|
(GAAP to pro forma comparison) |
|
|
|
|
|
|
||||
|
Revenue |
$ |
1,094 |
|
|
$ |
1,041 |
|
|
5% |
|
|
Operating income |
$ |
250 |
|
|
$ |
226 |
|
|
11% |
|
|
Operating margin |
22.9 |
% |
|
21.7 |
% |
|
120bps |
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