Operating Margin: Third quarter operating margin decreased 90 bps, primarily due to the absence of an $18 million non-recurring license sale that positively impacted 2023 and challenges on classified development programs, partially offset by growth in Intel and Cyber and FAA mission-critical safety of flight networks businesses, and LHX NeXt cost savings.
IMS
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Third Quarter |
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Year to Date |
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2024 Guidance |
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($ millions) |
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2024 |
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2023 |
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Change |
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2024 |
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2023 |
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Change |
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Revenue |
$ |
1,671 |
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$ |
1,568 |
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7 |
% |
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$ |
5,069 |
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$ |
5,003 |
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1 |
% |
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$6,600 - $6,700 (Prior: $6,500 - $6,700) |
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Operating margin |
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12.2 |
% |
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11.9 |
% |
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30 bps |
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11.8 |
% |
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10.7 |
% |
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110 bps |
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mid - high 11% (Prior: mid 11%) |
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