2022 Preliminary Trends and Outlook

Preliminary Trends - 2022 2022 Outlook • Sales ~$66 Billion • Segment Operating Margin* ~11% ● ● Cash from Operations ≥ $8.4 Billion • Excludes up to ($2.0) Billion Potential R&D Capitalization Tax Impact • Maintain ~$1.5 Billion of Accelerated Payments to Supply Chain No Pension Contributions Statutory Tax Rate of 21% Excludes Aerojet Rocketdyne - Pending Closure 1Q 2022 FAS/CAS Outlook** • 2022 Net FAS/CAS Pension Adjustment ~$2.2 Billion Assumes 2.75% Discount Rate at Year-End 2021 • Assumes 10.0% Return on Plan Assets in 2021 Assumes 6.5% Long-Term Return on Assets Chart 10 *See Chart 15 for Definitions of Non-GAAP Measures; **Chart 17 for FAS/CAS Details October 26, 2021

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