What does space & mission systems — operating income mean?

This metric measures the profitability of the Space and Mission Systems segment after deducting operating expenses from its revenue. It serves as a key indicator of the segment's operational efficiency and its ability to manage costs while delivering complex defense solutions. A strong operating income demonstrates effective management of the segment's core business activities.

L3Harris Technologies LHX Space & Mission Systems — Operating Income

Other segment segments

$465M+34.8%

Missile Solutions

$130M—

Similar metrics at other companies

NOCSpace Systems — Operating Income

$236M-15.7%

NOCMission Systems — Operating Income

$501M+13.6%

LMTSpace — Operating Income (Loss)

$371M+2.5%

MOG.ASpace And Defense — Operating Income (Loss)

$43.27M+32.0%

FLRMission Solutions — Operating Income (Loss)

-$71M-1,520%

CMTLSatellite and Space Communications — Segment operating income

$1.58M-42.0%

Other financials

Income statement

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Revenue$5.9B+8.4%

Gross profit$1.5B+12.5%

Operating income$654.0M+14.5%

Net income$600.0M+31.0%

EPS (diluted)$3.13+28.3%

Balance sheet

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Cash & equivalents$1.5B+216%

Total debt$12.8B+4.6%

Total equity$19.9B+3.1%

Total assets$42.9B+4.1%

Cash flow

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Operating cash flow$879.0M+37.3%

CapEx$108.0M+22.7%

Free cash flow$771.0M+39.7%

Valuation

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Market cap$50.65B-1.5%

Enterprise value$61.95B-2.0%

P/E27×-3.3×

P/S1.3×-0.1×

Profitability

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Gross margin25.6%-0.3pp

Operating margin10.3%+0.9pp

Net margin4.8%+0.2pp

FCF margin7.2%+1.4pp

Returns & leverage

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Return on equity9.6%+0.7pp

Debt / equity0.6×0.0×

Current ratio1.2×+0.1×

Where this comes from

Reported directly by L3Harris Technologies in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The official record: L3Harris Technologies’s 10-Q, filed July 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is L3Harris Technologies's space & mission systems — operating income?: L3Harris Technologies (LHX) reported space & mission systems — operating income of $290M in Q2 2026.
What does space & mission systems — operating income mean?: This metric measures the profitability of the Space and Mission Systems segment after deducting operating expenses from its revenue. It serves as a key indicator of the segment's operational efficiency and its ability to manage costs while delivering complex defense solutions. A strong operating income demonstrates effective management of the segment's core business activities.