Operating Margin: Third quarter operating margin increased 350 bps as a result of strong performance from higher volumes, favorable high margin international mix, proprietary waveform license sales, and LHX NeXt cost savings.
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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 |
$ |
596 |
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$ |
455 |
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31 |
% |
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$ |
1,719 |
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$ |
455 |
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278 |
% |
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$2,400 - $2,500 |
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Operating margin |
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12.6 |
% |
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12.3 |
% |
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60 bps |
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12.9 |
% |
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12.3 |
% |
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60 bps |
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mid 12% (Prior: high 11%) |
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