Harris continued to strengthen its position in avionics and electronic warfare. The company received a $340 million award for release systems and an additional $125 million in funding for avionics components on the F-35 platform in support of LRIP 12-14. Harris also received a $72 million production order to deliver upgraded countermeasure electronic warfare systems for the B-52 platform.
In addition, the U.K. Ministry of Defence (MOD) exercised a contract option worth $46 million for the company's T7™ robots to support explosive ordnance disposal missions. This award follows the successful testing and delivery of initial T7™ robots under the previously awarded $63 million U.K. MOD contract.
Full year segment revenue increased 9% with a book-to-bill of 1.14 and operating margin expanded 100 bps to 19.3%.
Space and Intelligence Systems
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($ millions) |
Fourth Quarter |
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Full Year |
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FY 2019 |
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FY 2018 |
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Change |
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FY 2019 |
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FY 2018 |
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Change |
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|
Revenue |
$ |
542 |
|
|
$ |
503 |
|
|
8% |
|
$ |
2,057 |
|
|
$ |
1,913 |
|
|
8% |
|
|
Operating income |
$ |
94 |
|
|
$ |
81 |
|
|
16% |
|
$ |
359 |
|
|
$ |
331 |
|
|
8% |
|
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Operating margin |
17.3 |
% |
|
16.1 |
% |
|
120bps |
|
17.5 |
% |
|
17.3 |
% |
|
20bps |
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