Operating Margin: Third quarter operating margin increased 30 bps, primarily from improved program performance across the segment, LHX NeXt cost savings and higher volume and favorable mix in Commercial Aviation Solutions, partially offset by unfavorable mix impact in our aircraft missionization business.
*Organic revenue is a non-GAAP financial measure defined on page 17.
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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 |
$ |
1,382 |
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$ |
1,255 |
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10 |
% |
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$ |
4,022 |
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$ |
3,707 |
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8 |
% |
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~$5,400 (Prior: $5,300 - $5,400) |
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Operating margin |
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26.0 |
% |
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22.5 |
% |
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350 bps |
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24.8 |
% |
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23.6 |
% |
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120 bps |
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mid - high 24% (Prior: mid 24%) |
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