Revenue increased 25% and operating income increased 27% versus prior-year GAAP, primarily due to the post-merger inclusion of L3 operations in results. On a pro forma basis, revenue increased 7% versus the prior year from a ramp in modernization on the F-35 platform in Avionics and classified growth in Intel and Cyber. Operating income increased 12% to $221 million, and margin expanded 70 bps versus prior-year pro forma to 18.5%, from operational excellence and integration benefits.

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

	($ millions)	First Quarter
		1Q20				1Q19				Change
	(GAAP to GAAP comparison)
	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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