#1L3HARRIS INVESTOR DAY 2023#2OPENING REMARKS MARK KRATZ Vice President, Investor Relations 0.00 2#3FORWARD-LOOKING STATEMENTS Statements in this 2023 Investor Day presentation that are not historical facts are forward-looking statements that reflect management's current expectations, assumptions and estimates of future performance and economic conditions. Such statements are made in reliance on the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements in this Investor Day presentation include but are not limited to: fiscal year 2023 guidance; disposition of non-core assets; LHX Next costs, savings and impacts on future performance; our pipeline and the domestic and international demand environment, including the U.S. DoD budget and budget line items and international spending levels; program, contract and order opportunities, market sizes and estimated percentage addressable by us; future production opportunities, refresh cycles, awards and program ramps and the value or potential value and timing thereof, including related to tactical data links; supply chain resiliency initiatives and labor efficiency; technology capabilities and program timing; 2024 framework; long term targets, including 2026 framework financial objectives and growth projections; estimated capital deployment and capital allocation strategy, including return of cash to shareholders; leverage ratio targets; and other statements regarding the business outlook and financial performance guidance that are not historical facts. The company cautions investors that any forward-looking statements are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements. The company's consolidated results, future trends and forward-looking statements could be affected by many factors, risks and uncertainties, including but not limited to: in U.S. Government spending priorities; changes in the mix of fixed-price, cost-plus and time-and-material type contracts and the impact of a significant increase in or sustained period of increased inflation; risks relating to the divestiture of our Commercial Aviation Solutions (CAS) business, including risks related to regulatory approval; the termination, failure to fund, or negative audit findings for U.S. Government contracts, including the impacts of any continuing resolution, supplemental legislation or failure to pass a U.S. Government budget; the U.S. Government's budget deficit and the national debt; uncertain economic conditions; the consequences of future geo-political events; the impact of government investigations; the risks of doing business internationally; disputes with our subcontractors or key suppliers, or their inability to perform or timely deliver our components, parts or services; the attraction and retention of key employees; the ability to develop new products and services and technologies that achieve market acceptance; the ability to successfully review the company's business and optimize its portfolio, performance, and operations, manage our growth and achieve performance targets; natural disasters or other significant business disruptions; natural disasters or other significant business disruptions; changes in accounting estimates; indebtedness and ability to make payments on, repay or service indebtedness; unfunded defined benefit plans liability; any downgrade in credit ratings; the level of returns on defined benefit plan assets, changes in interest rates and other market factors; changes in effective tax rate or additional tax exposures; the ability to obtain export licenses or make sales to foreign governments; unforeseen environmental issues, including regulations related to GHG emissions or change in customer sentiment related to environmental sustainability, including in relation to Aerojet Rocketdyne; the impact of any improper conduct of employees, agents or business partners; the outcome of litigation or arbitration; potential claims related to infringement of intellectual property rights or environmental remediation or other contingencies; expanded operations from the acquisition of the TDL product line and Aerojet Rocketdyne; risks related to other strategic transactions, including mergers, acquisitions and divestitures. The level and timing of share repurchases will depend on a number of factors, including the company's financial condition, capital requirements, cash flow, results of operations, future business prospects and other factors. Notwithstanding any statements regarding the return of cash to shareholders, the timing, volume and nature of share repurchases are subject to business and market conditions, applicable securities laws, and other factors, are at the discretion of the company and may be suspended or discontinued at any time without prior notice. Further information relating to these and other factors that may impact the company's results, future trends and forward-looking statements are disclosed in the company's filings with the SEC. The forward-looking statements contained in this Investor Overview are made as of the date of this Investor Overview, and the company disclaims any intention or obligation, other than imposed by law, to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Persons reading this 2023 Investor Day presentation are cautioned not to place undue reliance on forward-looking statements. L3HARRIS Investor Day 2023 3#4Non-GAAP Financial Measures This 2023 Investor Day presentation contains non-GAAP financial measures ("NGFMs") within the meaning of Regulation G promulgated by the SEC, including segment operating margin, adjusted free cash flow, organic revenue and debt leverage and each of which is defined in the most recent earnings materials available on the L3Harris investor relations website. A NGFM is generally defined as a numerical measure of a company's historical or future performance that excludes or includes amounts, or is subject to adjustments, so as to be different from the most directly comparable measure calculated and presented in accordance with generally accepted accounting principles ("GAAP"). L3Harris management believes that these NGFMs, when considered together with the GAAP financial measures, provide information that is useful to investors in understanding period-over-period operating results separate and apart from items that may, or could, have a disproportionately positive or negative impact on results in any particular period. L3Harris management also believes that these NGFMs enhance the ability of investors to analyze L3Harris business trends and to understand L3Harris performance. In addition, L3Harris may utilize NGFMs as guides in forecasting, budgeting and long-term planning processes and to measure operating performance for some management compensation purposes. NGFMs should be considered in addition to, and not as a substitute for, or superior to, financial measures presented in accordance with GAAP. In addition, L3Harris may utilize NGFMs as guides in forecasting, budgeting and long-term planning processes and to measure operating performance for some management compensation purposes. A reconciliation of debt leverage for 3Q23 is available in the most recent earnings materials on the L3Harris investor relations website and furnished with the SEC. A reconciliation of forward- looking NGFMs to comparable GAAP measures is not available without unreasonable effort because of inherent difficulty in forecasting and quantifying the comparable GAAP measures and the applicable adjustments and other amounts that would be necessary for such a reconciliation, including due to potentially high variability over extended periods through 2026, complexity and low visibility as to the applicable adjustments and other amounts, which may, or could, have a disproportionately positive or negative impact on the company's future GAAP results, such as the integration of TDL and AR and costs associated with LHX Next on our results and other potential business divestiture-related gains and losses, and other unusual gains and losses, or their probable significance and extent of tax deductibility. The variability of the applicable adjustments and other amounts may have a significant, unpredictable impact on our future GAAP results. L3HARRIS Investor Day 2023 4#5AGENDA 9:00 am Welcome Mark Kratz Vice President, Investor Relations Executive Overview > Aerojet Rocketdyne Space & Airborne Systems Chris Kubasik Chair and Chief Executive Officer Ross Niebergall President Ed Zoiss President - ~ 10:30 am > Break (~15 min) Integrated Mission Systems > Communication Systems Jon Rambeau President Sam Mehta President Financials & Closing Remarks - 11:45 am Q&A Session (~45 min) L3HARRIS Investor Day 2023 Chris Kubasik Chair and Chief Executive Officer 5 LO#6CLICK TO PLAY OVERVIEW VIDEO (LINK TO YOUTUBE)#7EXECUTIVE OVERVIEW CHRIS KUBASIK Chair and Chief Executive Officer 0.00 7#8MOTIVATED BY OUR MISSION, DELIVERING FOR OUR STAKEHOLDERS L3HARRIS Investor Day 2023 OUR MISSION Rapidly deliver resilient, innovative and disruptive solutions by listening to our customers, knowing the threats and partnering for speed. SHAREHOLDERS EMPLOYEES CUSTOMERS 1#9WHY L3HARRIS: BUILDING UP THE FOUNDATIONAL LAYERS TO DRIVE SHAREHOLDER VALUE CAPITAL DEPLOYMENT MARGIN EXPANSION GROWTH PORTFOLIO TALENT L3HARRIS Investor Day 2023 DELIVER AND RETURN FREE CASH FLOW TO SHAREHOLDERS RELENTLESS FOCUS ON OPERATIONAL EXCELLENCE AND ENTERPRISE EFFICIENCY TRUSTED DISRUPTOR STRATEGY IN ACTION PORTFOLIO FOCUSED ON NATIONAL SECURITY AND TECHNOLOGY EXPERIENCED LEADERSHIP TEAM 9#10L3HARRIS TODAY L3HARRIS Investor Day 2023 National Security SPACE AIR 50K+ 60% 75% 80% DOMESTIC TOTAL EMPLOYEES PRIME PROGRAMS 80% CUSTOMER R&D DEEEEE CYBER LAND 25K+ CLEARED SEA PERSONNEL Other 40% MERCHANT SUPPLIER / SUBCONTRACT 25% PRODUCTS 20% INTERNATIONAL 20% INTERNAL R&D 10#11Space & Airborne Systems (SAS) DIFFERENTIATED. TRUSTED. DISRUPTIVE. AGILE. INNOVATIVE. $7B 11%+ Revenue Margin LONG- CYCLE DOMAINS: Integrated Mission Systems (IMS) $7B 11%+ Revenue Margin MID- CYCLE DOMAINS: L3HARRIS Investor Day 2023 Note: Figures represent 2023 guidance, rounded for presentation Communication Systems (CS) $5B Revenue 24%+ Margin SHORT- CYCLE PORTFOLIO CONNECTING ALL DOMAINS DOMAINS: 이 Aerojet Rocketdyne (AR) $1B+ Revenue 11%+ Margin LONG- CYCLE DOMAINS: 일이 11#12RISING DEFENSE BUDGETS TO ADDRESS HEIGHTENED GLOBAL THREAT ENVIRONMENT DEPARTMENT Y UNITED STAT OF DEFENSE OF AMERICA Investment Accounts Other L3HARRIS Investor Day 2023 842 816 742 704 303 +12% 315 +4% 270 +9% 248 GFY21 GFY22 GFY23 GFY24 Request Geopolitical environment increasingly complex, driving increased defense spending Continued focus on developing advanced capabilities, while balancing affordability Future Year Defense Plan (FYDP) is growing in key areas aligned with LHX portfolio offerings, with additional opportunities from: Department of Defense (DoD) supplementals Increasing international defense spending 12#13INTERNATIONAL GROWTH DEMAND FOR L3HARRIS CAPABILITIES... Aircraft Missionization Soldier Modernization & Resilient Communications Fighter Upgrades & Platform Expansion Maritime Platform Expansion L3HARRIS Investor Day 2023 13#14PORTFOLIO SHAPING TO NATIONAL SECURITY-FOCUSED COMPANY L3HARRIS Investor Day 2023 Non- Core Core Core 2019 Non- Core Core Introduced L3Harris Combined mid-sized peers ✓ Established as a competitive alternative. ✓ Focused on synergies 2020-23 Captured Value and Focused Businesses on the Core ✓ Achieved $660M in cost savings ✓ Divested 10 non-core assets for $2.9B in proceeds ✓ Acquired Tactical Data Links and Aerojet Rocketdyne 2024+ Focusing the Portfolio for Value Creation > Execute strategic alternatives for non-core assets > Capture Aerojet Rocketdyne synergies > Drive organic growth > Deliver LHX Next savings to expand margins 14#15TRANSFORMING $18B OF POST-MERGER REVENUE INTO CORE ~$18B Non-Core Revenue -25% ~$2.4B ~$21B 10% + ~$2.4B ~$2.8B Organic Growth Executed or Announced Non-Core Divestitures $2.9B of proceeds Core to date Revenue -75% Announced Expanded Critical National Security Capabilities Through Acquisitions Tactical Data Links Aerojet Rocketdyne -90% L3HARRIS Investor Day 2023 2019 Commercial Aviation Solutions sale for $800M - to close in 2024 2024 Guidance Assessing Portfolio To Determine Non-Core... Evaluating Multiple Disposition Strategies 15#16TACTICAL DATA LINKS ACQUISITION Improves Combined Joint All-Domain Command & Control (CJADC2) capability Gained immediate access to Link 16 waveform, platforms and prime contracts Provides path to Advanced Tactical Data Links for future, integrated solutions R7 Expanded defense- oriented commercial models across domains $ Strong revenue growth and margin profile RECENT MARKET DYNAMICS: Over 20,000 Link 16 systems deployed across air, ground, sea and space Expanding market requires interoperability with existing platforms Space as a warfighting domain to benefit from Link 16 utility COMPLETING THE INTEGRATION: Integration ahead of schedule and on budget Leveraging supply chain expertise to improve profitability Already delivering results and building record backlog L3HARRIS Investor Day 2023 16#17AEROJET ROCKETDYNE ACQUISITION K7 Established L3Harris as a go-to rocket motor merchant supplier Expanded capabilities in weapons and space, two high-growth markets Enhanced revenue visibility with long-term backlog Gained access to >50% of possible content on U.S. Missile programs $ Accretive in near-term RECENT MARKET DYNAMICS: $215M benefit from Defense Production Act (DPA) to enhance capacity Increased demand for missiles driven by Ukraine, Israel and potential peer threat conflict Budgets have incrementally increased IN 4+ MONTHS SINCE COMPLETING THE TRANSACTION: Deployed new leadership team Reallocating investments to modernize operations and enhance execution On track to realize in excess of $50M in cost synergies L3HARRIS Investor Day 2023 17#18IMPERATIVES L3HARRIS Investor Day 2023 PERFORM Execute on time and on plan GROW Focus on profitable growth INNOVATE Leverage technology & agility as a competitive advantage 18#19> IMPERATIVE: PERFORM RELENTLESS FOCUS ON OPERATIONAL PERFORMANCE e³ excellence everywhere every day LHXNEXT Core to L3Harris' culture Enduring approach to delivering value for customers and partners Empowering teams to be efficient, innovative and entrepreneurial Bottom-up approach Next phase of L3Harris integration Targeted 3-year program to achieve cost savings Delivering operational efficiencies by leveraging scale and relationships across segments Top-down approach L3HARRIS Investor Day 2023 19#20IMPERATIVE: PERFORM INCREASED LHX NEXT TARGET TO -$1B ~$400M ~$1B GROSS SAVINGS TARGET Gross Savings Direct Spend 閨 ~$450M Margin -$400M Improvement Implementation Cost Annual Run-Rate Savings Indirect Spend ~$200M Implementation Cost Margin Improvement Exiting Year 2023 ~$100M ~$20M Workforce 2024 ~$220M ~$175M ~$350M & Labor 2025 ~$80M ~$400M L3HARRIS Investor Day 2023 20 20#21> IMPERATIVE: PERFORM LHX NEXT INITIATIVES DRIVING ~6% COST REDUCTION -$17B ~$1B Targeted Savings Infrastructure Indirect 4 Direct 13 L3Harris Cost Baseline L3HARRIS Investor Day 2023 -6% Reduction LHX NeXt • Rationalize facilities from 275 to 200 • Standardize ERP - reduce entities 50% • Consolidate IT data centers 98% from 85 to 2 . Reduce IT application portfolio and spend by 25% Indirect Procurement Outsource vendor management to realize -5% indirect spend reduction Labor & Function Optimization Optimize indirect labor 15-20% through organizational redesign and adoption of Al tools Direct Material & Subcontracts Reduce supplier spend ~8% through rationalization & inflation claw back 21#22> IMPERATIVE: GROW PRIORITIZING PROFITABLE GROWTH U.S. DOD MAJOR GROWTH AREAS SPACE Growth in space as a warfighting domain, especially in missile warning/missile defense; growth in civil due to weather re-cap Deliver solutions across the value chain Increase share of platform mission content Partner early with customers Integrate strategic acquisitions Expand in prioritized attractive markets MISSILES & MUNITIONS Acquisition of Aerojet Rocketdyne provides content on most major missile programs, and opportunity to grow into new programs INTELLIGENCE Investment continues to be in focus across all domains and customer sets; pockets of high growth exist L3HARRIS Investor Day 2023 22#23> IMPERATIVE: INNOVATE DRIVING INNOVATION $500M ANNUAL INTERNAL R&D $2B ANNUAL CUSTOMER R&D L3HARRIS Investor Day 2023 25 INNOVATION COLLABORATIONS MAJOR FOCUS AREAS Resilient Networking & Communications Multi-Domain Autonomy & AI Kinetic & Non- Kinetic Effects Spectrum & Information Dominance Note: Figures based on anticipated 2023 amounts 23#24EXPERIENCED LEADERSHIP TEAM CHRIS KUBASIK Chair and Chief Executive Officer > Joined in 2015* 30+ years A&D KEN BEDINGFIELD Senior Vice President and Chief Financial Officer > Joined in 2023 25+ years A&D BYRON GREEN Vice President, Global Operations > Joined in 2019. 30+ years Industrial Manufacturing TANIA HANNA Vice President, Government Relations and Communications > Joined in 2003* 20+ years A&D KIM MACKENROTH Vice President and Chief Information Officer SAM MEHTA President, Communication Systems SCOTT MIKUEN Senior Vice President, General Counsel and Secretary ROSS NIEBERGALL President, Aerojet Rocketdyne MELANIE RAKITA Vice President and Chief Human Resources Officer > Joined in 2023 > Joined in 2023 > Joined in 1996* 25+ years A&D 20+ years A&D 25+ years A&D > Joined in 2017* 20+ years A&D > Joined in 2015* 20+ years A&D JON RAMBEAU President, Integrated Mission Systems > Joined in 2022 25+ years A&D SEAN STACKLEY Senior Vice President, Strategy, Growth and Technology > Joined in 2017* 30+ years U.S. Government ED ZOISS President, Space and Airborne Systems > Joined in 1994* 25+ years A&D UNIQUE, DIVERSE EXPERIENCE L3HARRIS Investor Day 2023 *Served at L3 Technologies or Harris Corporation prior to 2019 merger 24#25BOARD OF DIRECTORS AD HOC BUSINESS REVIEW COMMITTEE THOMAS A. Independent Director +Established ad hoc Business Review Committee CHRISTOPHER E. SALLIE B. PETER W. KUBASIK BAILEY CHIARELLI DATTILO Chair Independent Director Independent Director Review L3Harris' operational ROGER B. FRADIN Co-Chair WILLIAM H. SWANSON Co-Chair ROGER B. JOANNA L. HARRY B. FRADIN GERAGHTY HARRIS, JR. Independent Director Independent Director KIRK S. HACHIGIAN Independent Director Independent Director ROBERT B. MILLARD LEWIS HAY III Independent Director RITA S. LANE EDWARD A. RICE, JR. Independent Director Independent Director Independent Director performance, cost structure, portfolio composition and all available value creation levers Review is expected to be completed in 2024 KIRK S. HACHIGIAN Member RITA S. LANE Member WILLIAM H. SWANSON CHRISTINA L. ZAMARRO Independent Director Independent Director Joined the board after December 2021 L3HARRIS Investor Day 2023 25#26CAPITAL DEPLOYMENT PRIORITIES > INVEST IN THE BUSINESS Consistent R&D and Capital Expenditures L3HARRIS Investor Day 2023 DEBT PAYDOWN Achieve Leverage of < 3.0x RETURN EXCESS CASH Annual Dividend Increases Share Repurchases 26#27WHAT YOU WILL HEAR TODAY L3HARRIS Investor Day 2023 + Differentiated from peers as the Trusted Disruptor + Relentless focus on operational excellence and enterprise efficiency Clear financial objectives and capital deployment strategy to drive shareholder value 27#28AEROJET ROCKETDYNE ROSS NIEBERGALL President, Aerojet Rocketdyne 60.0000 28#29KEY MESSAGES L3HARRIS Investor Day 2023 L3Harris will grow Aerojet Rocketdyne as a trusted merchant supplier Aerojet Rocketdyne drives pull through of L3Harris capabilities Secured positions on next generation franchises Improved execution on core franchises will drive top-line growth and margins Demand continues to grow with Ukraine and Israel conflicts, as well as peer threats 29 29#30AEROJET ROCKETDYNE Designing and producing a full range of propulsion and power solutions across space and missile systems. Trusted merchant supplier to the primes for franchise programs. > FAST. FACTS. $1B+ 2023 REVENUE 11%+ 2023 SEGMENT MARGIN 25% 60% PRIME 75% SUB FIXED PRICE 40% COST PLUS L3HARRIS Investor Day 2023 C++ $6B+ ROBUST BACKLOG 50% OF PROPULSION ON DOMESTIC MISSILES 80% SOLE SOURCE POSITION 30#31DRIVING INNOVATION FOR PROPULSION SOLUTIONS SPACE LAUNCH PROPULSION MISSILES IN-SPACE PROPULSION & POWER TACTICAL MISSILES AIR & MISSILE DEFENSE First stage RS-25 and upper stage RL10 rocket engines Chemical, electrical and nuclear thrusters and power systems Propulsion for tactical weapons, like Javelin, GMLRS and hypersonics GMLRS - Guided Multiple Launch Rocket System, THAAD- Terminal High Altitude Air Defense L3HARRIS Investor Day 2023 Propulsion for Patriot missiles, Standard Missile and THAAD STRATEGIC DETERRENCE Propulsion for Trident missile and Sentinel 31#32INVESTMENT IN SPACE NOW DELIVERING MEANINGFUL GROWTH OPPORTUNITIES AND SOLID MARGINS Next generation of heavy lift space launch provides multi-year pipeline for rocket engines and propulsion system + NASA SPACE LAUNCH SYSTEM + ULA VULCAN Supports Artemis moon landing and deep space exploration On contract for 9 launches 40+ propulsion systems per launch Supports national security and commercial launch, like Kuiper On contract for 35+ launches 150 engines in backlog L3HARRIS Investor Day 2023 NASA - National Aeronautics and Space Administration, ULA - United Launch Alliance Trusted and reliable franchises RS-25 First stage liquid RL10 Upper stage liquid hydrogen engine hydrogen engine Next Generation Franchise RL10C-X Additively manufactured RL10 with improved performance 32 32#33OPPORTUNITY TO CAPTURE SUBSTANTIAL VALUE IN MISSILES > Aerojet Rocketdyne captures ~20% of total cost of every missile it is on > Aerojet Rocketdyne + L3Harris can address 50%+ of the content on every missile program > Positioned as trusted merchant supplier across the value chain Structure Controls and Subsystems Propulsion Datalinks and Guidance Kinetic Effect Estimated % ~10-20% ~5-15% ~10-30% ~15-30% ~20-30% of missile cost Estimated $5B $2B $5B $6B market size AER JET ROCKETDYNE An L3Harris Technologies Company L3HARRIS $6B AER JET ROCKETDYNE An L3Harris Technologies Company L3HARRIS Investor Day 2023 L3HARRIS 33#34L3HARRIS IS MERCHANT SUPPLIER FOR MAJORITY OF FIELDED DOMESTIC MISSILES > Aerojet Rocketdyne + L3Harris is on 75%+ of all domestic missiles currently fielded > Complementary capabilities better position L3Harris to pursue new missile programs > New missile programs are infrequent, but last decades when they enter production 80% 100% 100% 50% JASSN 50% SURFACE-TO-AIR SURFACE-TO-SURFACE AIR-TO-AIR AIR-TO-SURFACE STRATEGIC DETERRENCE L3HARRIS Investor Day 2023 34#35POSITIONED FOR FUTURE GROWTH WITH NEW GENERATIONAL PROGRAMS BALANCED PORTFOLIO ACROSS PRODUCTION BACKLOG AND NEXT GENERATION ON-RAMPS WINNING NEW FRANCHISE PROGRAMS WITH INNOVATIVE DESIGNS Re-entering large motor market with Sentinel and Next Generation Interceptor Developing advanced air- launched missile propulsion Competing for Long Range Maneuverable Fires to extend HIMARS strike range Expanding position in torpedo market with advanced propulsion system HIMARS High Mobility Artillery Rocket System L3HARRIS Investor Day 2023 35#36MULTIPLE LEVERS TO IMPROVE OPERATIONS AND EXPAND MARGINS LHXNEXT Reallocate segment R&D - 4x for manufacturing modernization Reallocate segment capital - 2x for facility improvement e³ excellence everywhere every day Additive manufacturing to reduce costs by up to 75% in certain areas 10x investment in suppliers to increase capacity PROGRAM EXECUTION Injected missile prime experience into leadership Establishing Centers of Excellence Increased bid rigor COMBINED EFFORTS ANTICIPATED TO DELIVER >100 BPS MARGIN EXPANSION BY 2026 L3HARRIS Investor Day 2023 R&D Research and Development 36#37> STANDARD MISSILE-6 (SM-6) CASE STUDY: IMPROVING PRODUCTION RATES AND ON-TIME DELIVERY SM-6 IS A SHIP LAUNCHED, MULTI-MISSION MISSILE > Anti-air warfare > Ballistic missile defense > Anti-surface warfare AEROJET ROCKETDYNE 4 1 3 2 SOLID ROCKET MOTOR PROVIDES SOLID ROCKET MOTORS 1 Ignitor 2 Propellant U 3 Nozzle STAGE 1 (MK 72) STAGE 2 (MK 104) Provides launch Provides range and 4 Case from ship terminal velocity SM - Standard Missile L3HARRIS Investor Day 2023 PARTNERING WITH SUPPLIERS TO ADDRESS CRITICAL COMPONENTS Surging on-site resources Investing to increase capacity Expanding to dual sources > DOUBLING PRODUCTION CAPACITY WITH ADDITIONAL SURGE CAPABILITY 37#38MODERNIZING MANUFACTURING FACILITIES TO IMPROVE CAPACITY > APPLY L3HARRIS OPERATING SYSTEM AND DPA TITLE III TO MODERNIZE AEROJET ROCKETDYNE ENTERPRISE DEFENSE PRODUCTION ACT TITLE III Strengthen Supply Chain for Solid Rocket Motors Purpose-Built Facilities for efficient operations and expanded production capacity Digital Factory with centers of excellence for inerts and energetics GMLRS Stinger Javelin > Cooperative agreement for $215M to modernize production > Expand and upgrade Aerojet Rocketdyne's facilities DPA - Defense Production Act, GMLRS - Guided Multiple Launch Rocket System L3HARRIS Investor Day 2023 AER JET ROCKE AER JE ROCKET NE An L3Harris T pany E AER JET ROCKETDYNE 38#39NEW PURPOSE-BUILT FACILITIES Optimizing facilities across the enterprise ME MODERNIZE EQUIPMENT 001000110011 DIONDICH OUTIQUE DIGITAL 1010 CLICK TO PLAY MODERNIZED DICARCH MANUFACTURING FACILITIES VIDEO 1100 DIDIDIDICOI DIDIGICO! (LINK TO YOUTUBE)#40L3HARRIS POSITIONING AEROJET ROCKETDYNE FOR SUCCESS WHAT L3HARRIS BRINGS TO AEROJET ROCKETDYNE Opportunity to scale Enhanced operating system and operational excellence programs Enterprise-wide, best-in-class resources and talent Differentiated customer influence IN 4+ MONTHS SINCE CLOSE WE HAVE... > Created a world-class leadership team, steeped in missiles and munitions > Submitted 100+ proposals worth ~$5B > Developed an international strategy - signing a teaming agreement for co-production in Australia > Re-directed investments to focus on operational excellence > Shored up sub-tier suppliers with L3Harris expertise > Engaged employees and reduced attrition L3HARRIS Investor Day 2023 40 40#41KEY MESSAGES L3HARRIS Investor Day 2023 L3Harris will grow Aerojet Rocketdyne as a trusted merchant supplier Aerojet Rocketdyne drives pull through of L3Harris capabilities Secured positions on next generation franchises Improved execution on core franchises will drive top-line growth and margins Demand continues to grow with Ukraine and Israel conflicts, as well as peer threats 41#42SPACE AND AIRBORNE SYSTEMS ED ZOISS President, Space and Airborne Systems 42#43KEY MESSAGES L3HARRIS Investor Day 2023 Build on success of Trusted Disruptor strategy Continue growing as a prime mission provider in next-generation architectures Expand on new prime wins in missile defense, weather, Position Navigation and Timing, and trusted microelectronics Drive margin expansion following period of space prime market entry investment 43 43#4460% 60% PRIME FIXED PRICE SPACE AND AIRBORNE SYSTEMS Provider of full-mission solutions and top-tier major weapons systems capabilities in the space, airborne and cyber domains. FAST. FACTS. $7B 2023 REVENUE* 11%+ 2023 SEGMENT MARGIN⭑ L3HARRIS Investor Day 2023 Space 40% SUB 40% COST PLUS 2023 Revenue -35% ~40% 90% DOMESTIC 10% INTERNATIONAL 2023 Revenue by Customer Tactical Airborne National Security ~15% ~10% Cyber Networks *Revenue and margin figures represent 2023 guidance, rounded for presentation Classified U.S. DOD USG Agencies International Commercial National Security 44#45BUILDING UPON LEGACY OF RELIABLE AND TRUSTED PERFORMANCE AIR > Mission Processors > Electronic Warfare > Suspension & Release Equipment > Multi-Function Apertures SPACE > Surveillance CYBER > Global Positioning > Civil Weather > Missile Warning/ Missile Defense > Classified > Information Assurance > Advanced RF Solutions for Special Applications > Trusted Microelectronics STABLE REVENUE STREAM GROWTH DRIVER GROWTH DRIVER L3HARRIS Investor Day 2023 45 45#46> AIR KEY INDUSTRY PLAYER IN GENERATIONAL CHANGES TO SURVIVE CONTESTED ENVIRONMENTS Modernizing Key In-Service Platforms > Maintaining relevance for the future fight > Technology refreshes moving into production > $12B of future production opportunity Participating in Next-Generation Platforms > High-performance mission systems > Longer term time horizon > Multi-billion dollar future production opportunity F-35 $6B L3HARRIS Investor Day 2023 F-16 $3B F/A-18 $1B $2B B-52 CLASSIFIED PROCESSORS - SENSORS - ANTENNAS - DISPLAYS - WEAPONS RELEASE 46#47> SPACE INTEGRATING AIRBORNE MISSIONS INTO SPACE DOMAIN Space Provides > Access to denied areas > 24 x 7 Persistence > Faster capability insertion > Lower support cost > Opening opportunities for L3Harris to prime L3HARRIS Investor Day 2023 PERMISSIVE AIR DOMAIN CONTESTED AIR DOMAIN 47 S#48> SPACE MISSION EXPERTISE DISRUPTING MARKET... NEXT-GEN MISSILE DEFENSE NEXT-GEN SURVEILLANCE SYSTEMS > New market entry for L3Harris into the fast-growing Space sector > 20 satellites on order, $1B+ captured over last 2 years PAYLOADS > Constellation refresh cycle 3-5 years driving continuous production Won SDA T1DES SDA Tracking TO NEXT-GEN PRIME WINS L3HARRIS Investor Day 2023 Won Won SDA Tracking T1 Hypersonic Won Missile Track Custody NEXT-GEN Optical Telescope Assembly Comms / Crypto RF Payloads > Evolved from payload provider to full system prime, building on 60-year trusted heritage > Fast growth driven by space warfighting capability need and active conflicts > 30 satellites on order, ~$2B captured over last 2 years > Constellation refresh cycle 3-5 years driving continuous production PRIME WINS Multiple Classified 48#49> SPACE ...AND MEETING CUSTOMERS' CURRENT AND FUTURE NEEDS NEXT-GEN POSITION, NAVIGATION & TIMING PAYLOADS Mission Data Unit NEXT-GEN CIVIL WEATHER Transmitter Electronics PAYLOADS Advanced Baseline Imager (ABI) Cross-Track Infrared Sounder (CrIS) > Evolved from payload provider to full system prime, building on 50-year trusted heritage > Delivered innovative, software-defined technology to the USAF > Now the foundational system for future procurements > Provider of 2/3 of the world's weather products, building on 55-year trusted heritage > Climate change driving global need to improve weather forecasting > Secured new prime wins for NOAA Imager & Japan Imager and Sounder NEXT-GEN PRIME WINS L3HARRIS Investor Day 2023 Navigation Technology Satellite 3 (NTS-3) NEXT-GEN GEOXO Himawari-10 PRIME WINS Imager Imager Sounder 49 49#50> SPACE SCALING FOR GROWTH TO MEET ENDURING NEED IN SPACE SATELLITE PRODUCTION INCREASING 6 2023 2024 2025 2026 STATE-OF-THE-ART SPACE FACILITY EXPANSIONS Indiana Florida L3HARRIS 25+ 50+ satellites under contract since merger 2027 New satellite architecture driving stable marketplace for continuous production > Missile defense and weather > Space Vehicle integration > Infrared sensor production > Top Secret, Secret and Unclassified L3HARRIS Investor Day 2023 New competitive prime awards valued at >$4B over last 2 years Record backlog in space 50#51> CYBER ENSURING THE SUPPLY OF TRUSTED CHIPS FOR NATIONAL SECURITY NEEDS New Secure Microelectronics Moving Into Production $52B CHIPS & Science Act $6B in DoD Microelectronics Investments > Unique secure fabrication facility > 100k sq. ft. production > Customers leading majority investment Need for Trusted Foundry Driving Significant Growth Applied technologies and facilities to execute wide range of secure missions LHX GROWTH POTENTIAL 5X L3HARRIS Investor Day 2023 13HARRIS 2023 2024 2025 2026 2027 51#52MULTIPLE LEVERS TO IMPROVE OPERATIONS AND EXPAND MARGINS LHXNEXT Optimizing functional organization support Driving structural efficiencies Rationalizing supply chain e3 excellence everywhere every day + Advanced program tools & automated workflows Implemented real-time performance dashboards Automated metrics & analytics PROGRAM EXECUTION No bidding Fixed Price contracts with high- risk exposure Incorporating increased bid rigor and inflation adjustments into new contracts Growing prime capabilities Stabilized workforce attrition COMBINED EFFORTS ANTICIPATED TO DELIVER >100 BPS MARGIN EXPANSION BY 2026 L3HARRIS Investor Day 2023 52#53KEY MESSAGES L3HARRIS Investor Day 2023 Build on success of Trusted Disruptor strategy Continue growing as a prime mission provider in next-generation architectures Expand on new prime wins in missile defense, weather, Position Navigation and Timing, and trusted microelectronics Drive margin expansion following period of space prime market entry investment 53 33#54L3HARRIS Investor Day 2023 BREAK 54 54#55INTEGRATED MISSION SYSTEMS JON RAMBEAU President, Integrated Mission Systems 55#56KEY MESSAGES L3HARRIS Investor Day 2023 Accelerate Trusted Disruptor momentum Scale and extend specialized mission capabilities across domains Deliver differentiated prime integration capability through technology depth Focused on profitable growth to expand margins 56#5760% 75% PRIME FIXED PRICE INTEGRATED MISSION SYSTEMS Industry-leading mission capabilities provider and prime mission systems integrator for air and sea domains. > FAST. FACTS. $7B 2023 REVENUE* 11%+ 2023 SEGMENT MARGIN* 2023 Revenue 75% DOMESTIC 40% 25% SUB COST PLUS 25% INTERNATIONAL Sea 25% 2023 Revenue by Customer 10% Air 65% 10% Other National 65% Security 25% L3HARRIS Investor Day 2023 *Revenue and margin figures represent 2023 guidance, rounded for presentation with the inclusion of CAS Commercial International 57#58DELIVERING DIFFERENTIATED AIR AND SEA MISSION CAPABILITIES AIR > Air Platform Integration > Passive Sensing & Targeting > Electronic Attack > Classified SEA > Passive Sensing & Targeting > Autonomy & Manned/Unmanned > Power & Communications > Undersea Networks > Classified L3HARRIS Investor Day 2023 BAY IN L3007 58#59L3HARRIS Investor Day 2023 MERGER FOCUSED ON PROFITABLE GROWTH TODAY Integration > Synergy Realization > Operational Focus Covid-19 Impact > Virtual Work > Supply Chain Challenges > Attrition and Knowledge Loss Stabilization > Residual Impact > Performance and Talent Focus Optimization > Infrastructure Efficiencies > Portfolio Shaping > Margin Expansion Profitable Growth > Focused Portfolio > Streamlined Infrastructure 59#60MULTIPLE LEVERS TO IMPROVE OPERATIONS AND EXPAND MARGINS L3HARRIS LHXNEXT e3 excellence everywhere every day PROGRAM EXECUTION Simplifying business systems + processes Reducing footprint + Improving supply chain. resiliency Harmonizing functional Revised delegations Strengthened program controls Shaping portfolio Streamlining procedures + Expanding independent bid reviews COMBINED EFFORTS ANTICIPATED TO DELIVER >100 BPS MARGIN EXPANSION BY 2026 Investor Day 2023 60#61DISCIPLINED PLAN DRIVES GROWTH LHXNEXT BUSINESS OPTIMIZATION 24 8 102 21 TODAY 4 REPORTING UNITS 1 ERP VENDORS ~70 SITES 10 BUSINESS LINES ידי ACCRETIVE GROWTH Category FROM Trusted Disruptor in Action Timing ΤΟ AIR Airborne ISR Large Platforms NEAR-TERM Business Jets HORIZON Sensing Radar Hybrid & Targeting SEA Maritime Platforms Fully-Manned Platforms Manned/ Unmanned Teaming MID-TERM HORIZON MID-TERM HORIZON L3HARRIS Investor Day 2023 61#62STRONG CUSTOMER PARTNERSHIPS AND $8B BACKLOG SUPPORT REVENUE AND MARGIN EXPANSION Foundational Air Force and USSOCOM Partnerships Deliver Consistent Annual Revenue DEPARTMENT OF THE AIR UNITED MCMXLVI STATES OF FORCE AMERICA UNITED U STATES NS COMMAND OPERATION SPECIAL OPER Naval Ship Systems and Acoustics Foundation Opens Door for Disruptive Growth DEPARTMEN OF UNITED STAT THE NAVY OF AMERICA Growing Army Partnership Expands Airborne Sensing Opportunities OF THE ARMY IVIS ARTMEN 1775 OF AMERICA Partnership with US Allies Increases Profitable International Revenue Volume CHI E 50%+ STEADY REVENUE L3HARRIS Investor Day 2023 USSOCOM - United States Special Operations Command 62#63Industry Partner Capabilities LHX Industry-leading Capabilities 2 CLICK TO PLAY IMS VIDEO (LINK TO YOUTUBE)#64DELIVERING THE WORLD'S BEST SPECIAL MISSION CAPABILITIES TO THE US AIR FORCE FOR DECADES L3HARRIS Investor Day 2023 LEADING SPECIAL MISSION CAPABILITIES TODAY > Industry-leading DoD signals intelligence > The mission- critical link for all air combat 60 Years of Sensing and Targeting Experience .. 64#65TRANSITIONING SPECIAL MISSION CAPABILITIES TO NEW PLATFORMS AND CUSTOMERS L3HARRIS Investor Day 2023 18 Months to Field Capabilities on Business Jet 57 L3HARRIS Business Jets LEADING SPECIAL MISSION CAPABILITIES TODAY > Industry-leading DoD signals intelligence > The mission-critical link for all air combat 48 Across Next 8 Competitors ADVANCING CAPABILITIES FOR THE MISSIONS OF TOMORROW > Extending to smaller, agile, more affordable platforms (agnostic) > Unlocking new domestic. and international growth 65#66UNIQUELY ALIGNED TO NAVAL COMBAT CAPABILITY DISRUPTION L3HARRIS Investor Day 2023 UNMANNED We are growing use of unmanned platforms that can greatly enhance our collective maritime domain awareness. > Admiral Lisa Franchettl Chief of Naval Operations (Sep 2023) Budget: Small/Medium Unmanned Surface & Underwater Vessels UNMANNED GG The Navy has successfully demonstrated Torpedo Tube launch and recovery this year and we intend to employ it next year. > Rear Admiral Rob Gaucher Incoming Commander Submarine Forces (Nov 2023) PASSIVE SENSING & TARGETING GG If the U.S. Navy surface force wants to have the operational flexibility of Distributed Maritime Operations, we have got to augment our approach to targeting with passive sensors, this is a MUST DO. > Rear Admiral Selko Okano Program Executive Officer Integrated Warfare Systems (Nov 2023) 2x 2023 2026 2028 Budget: Passive Sensing 2x And Targeting in Sea Domain 2023 2026 2028 66#67LEVERAGING AUTONOMY AND PROVEN SENSING TECHNOLOGY TO DISRUPT SEA DOMAIN 360° PASSIVE DETECTION 150 USVS Operational EXTENDING OUR LEADERSHIP POSITION TODAY > 60 years of sensing and targeting experience > Leading operational autonomy for US, UAE, UK, AUS Navies > The ONLY successful UUV submarine launch and recovery 1000+ Kilometers of Network Deployed L3HARRIS Investor Day 2023 300 UUVS Operational INNOVATING FOR THE SOLUTIONS OF TOMORROW > Extend manned vessel capability with unmanned assets > Scale shipboard passive sensing and targeting > Expand prime positions to integrated surface and undersea warfare franchise 67#68EXPANDING PROVEN TECHNOLOGY ACROSS PLATFORMS DRIVES PROFITABLE GROWTH Industry Partner Capabilities LHX Industry-Leading Capabilities (()) L3HARRIS Investor Day 2023 (()) 7,000+ Fielded Passive Sensing & Targeting Systems 68#69TRUSTED DISRUPTOR STRATEGY IN ACTION 7000+ Fielded Passive Sensing & Targeting Systems L3HARRIS Investor Day 2023 57 L3HARRIS Business Jets 48 Across Next 8 Competitors 18 Months to Field Capabilities on Business Jet 150 Operational Unmanned Surface Vessels 300 Deployed Unmanned Underwater Vehicles 50%+ Steady Revenue 60 Years of Sensing and Targeting Experience 1000+ Kilometers of Undersea Network Deployed 69#70KEY MESSAGES L3HARRIS Investor Day 2023 Accelerate Trusted Disruptor momentum Scale and extend specialized mission capabilities across domains Deliver differentiated prime integration capability through technology depth Focused on profitable growth to expand margins 70#71COMMUNICATION SYSTEMS SAM MEHTA President, Communication Systems 0.00 71#72KEY MESSAGES L3HARRIS Investor Day 2023 Extend leadership in delivering secure and resilient communications across all domains Drive value from Tactical Data Links (TDL) acquisition Leverage differentiated business model, technology, and strengthened supply chain Enable the U.S. and its allies to operate seamlessly across all domains - Combined Joint All Domain Command & Control (CJADC2, DoD directive) 72#73COMMUNICATION SYSTEMS Leading provider of best-in-class, resilient networks for seamless sensor-to-shooter and CJADC2 connectivity. > FAST. FACTS. $5B 2023 REVENUE* 24%+ L3HARRIS Investor Day 2023 70% 85% 70% PRIME FIXED PRICE DOMESTIC 30% 15% 2023 SEGMENT MARGIN* SUB COST PLUS 2023 Revenue 30% INTERNATIONAL 2023 Revenue by Customer International 30% All Domain 100% National Security 60% 10% Other *Revenue and margin figures represent 2023 guidance, rounded for presentation 73#74UNLOCKING VALUE FROM TDL ACQUISITION TDL acquisition expands resilient communication and networking capabilities with: > Broader end-to-end connectivity across multiple domains > Link-16 Space domain entry > Enhanced CJADC2 networking capabilities SEAMLESSLY INTEGRATING COMPLEX CARVE-OUT ACQUISITION > Integration ahead of schedule and on budget > Completed transition of all 5 product lines to Salt Lake City OPTIMIZING BUSINESS TO IMPROVE PROFITABILITY > Reducing product costs and manufacturing hours > Applying supply chain expertise L3HARRIS Investor Day 2023 ( C C C C C C C ALREADY DELIVERING RESULTS > On track to deliver record quantity of Small Tactical Terminals > Captured record $150M Multi-functional Information Distribution System order in 2023 > Built $600M+ record backlog 74#75BUILDING RESILIENT & STRATEGIC SUPPLY CHAIN Survive Covid-19 Impact Launch Recovery Effort Stabilize Output Optimize for Performance & Profit > Scarcity of product > Supply chain crisis > Labor shortages > Price inflation > Alternate part design > Increased inventory safety stock > Deployed resources to suppliers > Leveraged DPAS (Defense Priority Allocation System) > Initiate strategic relationships > Proactively design for supply chain > Continue cost reduction efforts > Record backlog > Value engineer for cost reduction > Partner with strategic suppliers > Innovate jointly Reactive, transactional, siloed L3HARRIS Investor Day 2023 LHXNEXT Resilient, strategic, differentiated 75#76MULTIPLE LEVERS TO IMPROVE OPERATIONS AND EXPAND MARGINS LHXNEXT Leverage supplier long- term agreements e3 excellence everywhere every day Continue realizing streamlined internal business processes + Design alternate supply Gaining labor efficiencies chain parts + Reduce product L3HARRIS manufacturing costs PROGRAM EXECUTION Price to execute not just win Deploy enhanced program execution tools and training COMBINED EFFORTS ANTICIPATED TO DELIVER >100 BPS MARGIN EXPANSION BY 2026 Investor Day 2023 76#77INNOVATIVE BUSINESS MODEL ANTICIPATES CUSTOMER NEEDS... Traditional Model Joint Capabilities. Integration & Development System d-driven Oversight Review Contracting Major Products Logistics Sustainment Defense Acquisition System driver Technical Financial Management Planning Programming. Budgeting & Execution Process calendar-driven MOD Integrated Defense Acquisition, Technology, and Logistics Life Cycle Management System Falling the Develpment Decision, the Milestone Destion Authority may authorize anity into the acquisti prosess at any pet consistent with phase-specific entrance rria and statutory requ Material Solution Analysis Phase Technology Development Phase Engineering & Manufacturing Development Phase 園 Production & Deployment Phase Operations & Support Phase Matane inte Evelutionary Acquisition Salegy Esary Acqustion Strategy D Complex, Time-Intensive, Disjointed L3HARRIS Investor Day 2023 FRP R&D Field solutions Warfighter feedback Rapid, Agile, Scalable Our Model BATTLE TESTED 77#78LARGE DOMESTIC AND INTERNATIONAL INSTALLED BASE BREADTH OF RADIOS, LINKS, PLATFORMS AND SENSORS 1M+ Tactical radios 20K+ Link-16 capable platforms 50K+ Data link devices 1M+ Aiming & Night Vision devices L3HARRIS Investor Day 2023 IN 140 COUNTRIES WORLDWIDE 78#79+ AN/PRC-167 Most feature rich software defined tactical radio in the world ...HARDWARE ENABLED MIDS-JTRS (Multi-Functional Information Distribution System- Joint Tactical Radio System) Premier Link-16 terminal for U.S. and allies + RASOR Rapidly Adaptable Software defined Open Radio ...INNOVATIVE AND DIFFERENTIATED TECHNOLOGY DRIVES ADOPTION SOFTWARE DEFINED... + 65+ Waveforms € 0. e L3HARRIS LITATEL FALCON PROTECTED BY INDUSTRY-LEADING CRYPTOGRAPHY AND RESILIENCY L3HARRIS Investor Day 2023 OFF ETHERNET 19 79#80CORNERSTONE OF CJADC2 COMBINED Interoperability with allied forces > JOINT Multiple U.S. services ALL DOMAIN Linking assets across all 5 domains MIDS MX-10 BANDIT COMMAND & CONTROL Assured information transmit and receive 67 NEAR PEER THREATS Geolocation & Spoofing 167 Jamming & Interference INCREASING THREAT CAPABILITIES L3HARRIS Investor Day 2023 RASOR 163 ICP NGJ ENVG-B 4 Detection & Interception Quantum & AI Powered Attacks 80#81KEY MESSAGES L3HARRIS Investor Day 2023 Extend leadership in delivering secure and resilient communications across all domains Drive value from Tactical Data Links (TDL) acquisition Leverage differentiated business model, technology, and strengthened supply chain Enable the U.S. and its allies to operate seamlessly across all domains - Combined Joint All Domain Command & Control (CJADC2, DoD directive) 81#82FINANCIALS CHRIS KUBASIK Chair and Chief Executive Officer 0.00 82#83A SOLID FOUNDATION FOR GROWTH...WITH STRONG 2024...AND MEDIUM-TERM FINANCIAL FRAMEWORK Revenue Segment 2023 Guidance 2024 Outlook 2026 Framework $19.2B-$19.4B -$21B $23B ~14.8% ~15.0% 16.0% Operating Margin Free Cash Flow $2B+ -$2.2B $2.8B L3HARRIS Investor Day 2023 85#84EXPANDING REVENUE AND MARGIN ACROSS SEGMENTS IN 2024 Revenue Guidance SAS Low $7B IMS Mid $6B1 Segments Other Information Organic Revenue Margin Pension Income -$300M Interest Expense ~$640M Tax Rate Low 13% CS Low-Mid $5B Share Count Flat-up slightly AR Mid $2B = vs. prior year guidance L3HARRIS Investor Day 2023 (1) Assumed CAS divestiture in 1H24 Cap Ex ~2% sales ~$0.45 non-operational EPS headwind ~$0.45 non-operational EPS headwind Potential opportunistic share repurchases 86#85$32B RECORD BACKLOG AND PORTFOLIO ALIGNMENT TO DRIVE ORGANIC REVENUE GROWTH AR MISSILES SAS SPACE > Improved execution on core franchises > Demand from growing conflicts, as well as peer threats > Secured positions on new next- generation franchises > Grow prime positions in next- generation architectures > Expand on new prime wins in Missile defense, Weather and Position Navigation and Timing L3HARRIS Investor Day 2023 CYBER IMS SEA CS LAND/ ALL > Sensing & Targeting > Manned / Unmanned teaming > Resilient communications > Waveform software strategy > Installed base upgrades > Supplemental opportunities AIR > Microelectronics > Classified, hard to penetrate targets > Special mission aircraft > Expanded product capabilities for domestic and international 87#862024-2026: OPERATIONAL IMPROVEMENT LEVERS TO DRIVE MARGIN EXPANSION 11.1% ~350+bps above defense peers 16% ~14.8% 2022 L3HARRIS L3HARRIS Peer Median 2023 Guidance 2026 Framework Peers include LMT, NOC, RTX - Raytheon, GD excluding Aerospace L3HARRIS Investor Day 2023 National Security focused portfolio to drive organic revenue growth All segments anticipated to deliver >100 bps margin expansion by 2026 LHX Next delivering operational efficiencies and cost savings Focus on profitable growth through increased bid rigor 88#872024-2026: DELIVER ROBUST CUMULATIVE FREE CASH FLOW SOLID ORGANIC REVENUE GROWTH Missiles MARGIN EXPANSION BALANCE SHEET EFFICIENCY ~ $7.5B ++ Revenue Growth Space Operational Improvement Cyber + LHX NeXt Resilient Communications Revenue Growth Mix L3HARRIS Investor Day 2023 Working Capital Cash Taxes Cash Interest 89#88SOLID BALANCE SHEET WITH NEAR TERM OPPORTUNITY TO ACHIEVE DEBT LEVERAGE TARGET BALANCE SHEET SNAPSHOT ¹ ~$500M 1 ~100% DEBT LEVERAGE TARGET 3.7x Cash Balance Funded Pension $11.5B Long-Term Debt $2.0B Short-Term Debt MAINTAINING INVESTMENT GRADE RATINGS S&P Global BBB MOODY'S Baa2 Fitch Ratings BBB+ (1) Balances as of 3Q23 L3HARRIS Investor Day 2023 < 3.0x Original target Proceeds from non-core assets provide opportunity to accelerate target leverage achievement 3Q23 2024 2025 90 ....#89CAPITAL DEPLOYMENT PLAN: DELIVER AND RETURN FREE CASH FLOW TO SHAREHOLDERS 2024 - 2026 CAPITAL PLAN CAPITAL DEPLOYMENT FRAMEWORK ~$8B+ Divestiture Proceeds $0.6B+ $3.7B+ Available Cash for Repurchases > Invest in the business • Capex: ~2.0% of revenue > Pay down debt to < 3.0x > Pay cash dividend Free Cash Flow ~$7.5B Debt Payments $1.7B L3HARRIS Investor Day 2023 SOURCES Dividend $2.6B PLANNED USE • Increased 22 consecutive years Target payout: 35% - 40% of FCF > Return 100% excess cash after de-levering $3.8B repurchase authorization today 91#902026 FINANCIAL FRAMEWORK Revenue Margin¹ FCF $23B 16% $2.8B L3HARRIS Investor Day 2023 (1) Segment Operating Margin 92#91L3HARRIS Investor Day 2023 Q&A SESSION 93#92L3HARRIS INVESTOR DAY 2023