|         |                                                                              |
|---------|------------------------------------------------------------------------------|
| • | 4Q18 revenue up 8% to $1.7 billion; orders up 18%; book-to-bill 1.1  |

|         |                                                                                                         |
|---------|---------------------------------------------------------------------------------------------------------|
| • | 4Q18 GAAP EPS from continuing operations up 29% to $1.74;non-GAAP1 up 19% to $1.78  |

|         |                                                          |
|---------|----------------------------------------------------------|
| • | FY18 revenue up 5%; orders up 23%; book-to-bill 1.2  |

|         |                                                                                            |
|---------|--------------------------------------------------------------------------------------------|
| • | FY18 GAAP EPS from continuing operations up 16% to $5.94; non-GAAP up 18% to $6.50 |

|         |                                                                                                                                                                 |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | FY18 operating cash flow, adjusted operating cash flow2 and adjusted free cash flow2 of $751 million, $1,051 million and $915 million, respectively |

|         |                                                                                                                                     |
|---------|-------------------------------------------------------------------------------------------------------------------------------------|
| • | Initiated FY19 guidance:3 EPS from continuing operations of $7.65 - $7.85; revenue up 6 - 8%; free cash flow ≥ $1 billion |

----

|        |
|--------|
|        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   | ($ millions, except per share data) | Fourth Quarter |   | Full Year |   |
|   |   | FY 2018 |   | FY 2017 |   | Change |   | FY 2018 |   | FY 2017 |   | Change |   |
|   | Orders | $ | 1,861 |  |   | $ | 1,574 |  |   | 18% |   | $ | 7,429 |  |   | $ | 6,026 |  |   | 23% |   |
|   | Revenue | $ | 1,666 |  |   | $ | 1,542 |  |   | 8% |   | $ | 6,182 |  |   | $ | 5,900 |  |   | 5% |   |
|   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   | (GAAP comparison) |   |   |   |   |   |   |   |   |   |   |   |   |
|   | Operating income | $ | 322 |  |   | $ | 275 |  |   | 17% |   | $ | 1,122 |  |   | $ | 1,073 |  |   | 5% |   |
|   | Operating margin | 19.3 | % |   | 17.8 | % |   | 150bps |   | 18.1 | % |   | 18.2 | % |   | (10)bps |   |
|   | Earnings per share | $ | 1.74 |  |   | $ | 1.35 |  |   | 29% |   | $ | 5.94 |  |   | $ | 5.12 |  |   | 16% |   |
|   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   | (Non-GAAP comparison) |   |   |   |   |   |   |   |   |   |   |   |   |
|   | Operating income* | $ | 327 |  |   | $ | 295 |  |   | 11% |   | $ | 1,186 |  |   | $ | 1,131 |  |   | 5% |   |
|   | Operating margin* | 19.6 | % |   | 19.1 | % |   | 50bps |   | 19.2 | % |   | 19.2 | % |   | — |   |
|   | Earnings per share* | $ | 1.78 |  |   | $ | 1.49 |  |   | 19% |   | $ | 6.50 |  |   | $ | 5.53 |  |   | 18% |   |
|   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   | *Reconciliations of GAAP to non-GAAP financial measures are provided in the attached tables. |   |
|   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

|        |
|--------|
|        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   | ($ millions) | Fourth Quarter |   | Full Year |   |
|   |   | FY 2018 |   | FY 2017 |   | Change |   | FY 2018 |   | FY 2017 |   | Change |   |
|   | Revenue | $ | 523 |  |   | $ | 449 |  |   | 16% |   | $ | 1,903 |  |   | $ | 1,753 |  |   | 9% |   |
|   | Operating income | $ | 162 |  |   | $ | 146 |  |   | 11% |   | $ | 571 |  |   | $ | 524 |  |   | 9% |   |
|   | Operating margin | 31.0 | % |   | 32.5 | % |   | (150)bps |   | 30.0 | % |   | 29.9 | % |   | 10bps |   |
|   |   |   |   |   |   |   |   |   |   |   |   |   |   |

|         |                                                                                                              |
|---------|--------------------------------------------------------------------------------------------------------------|
| • | 1,129 HMS Manpack initial production radios for the U.S. Army, a key milestone in a multi-year modernization |

|         |                                                                         |
|---------|-------------------------------------------------------------------------|
| • | 1,014 handheld radios for the U.S. Air Force Special Operations Command |

|         |                                                                                                                |
|---------|----------------------------------------------------------------------------------------------------------------|
| • | $31 million from the U.S. Marine Corps for 117G Manpack radios with MUOS capability and MUOS software upgrades |

|         |                                                                                                                                                                                                                     |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | $130 million, 5-year, sole source IDIQ contract from the U.S. Air Force to develop and deliver Handheld Video Data Link radios that enable information to be distributed from airborne assets to ground warfighters |

|         |                                                                                                                                                                          |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | More than $150 million from countries in Europe, Asia Pacific and the Middle East supporting counter-terrorism, border control programs and security force modernization |

----

|        |
|--------|
|        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   | ($ millions) | Fourth Quarter |   | Full Year |   |
|   |   | FY 2018 |   | FY 2017 |   | Change |   | FY 2018 |   | FY 2017 |   | Change |   |
|   | Revenue | $ | 640 |  |   | $ | 591 |  |   | 8% |   | $ | 2,373 |  |   | $ | 2,251 |  |   | 5% |   |
|   | Operating income | $ | 119 |  |   | $ | 104 |  |   | 14% |   | $ | 441 |  |   | $ | 464 |  |   | (5)% |   |
|   | Operating margin | 18.6 | % |   | 17.6 | % |   | 100bps |   | 18.6 | % |   | 20.6 | % |   | (200)bps |   |
|   |   |   |   |   |   |   |   |   |   |   |   |   |   |

|        |
|--------|
|        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   | ($ millions) | Fourth Quarter |   | Full Year |   |
|   |   | FY 2018 |   | FY 2017 |   | Change |   | FY 2018 |   | FY 2017 |   | Change |   |
|   | Revenue | $ | 508 |  |   | $ | 506 |  |   | — |   | $ | 1,921 |  |   | $ | 1,902 |  |   | 1% |   |
|   | Operating income | $ | 86 |  |   | $ | 80 |  |   | 8% |   | $ | 336 |  |   | $ | 311 |  |   | 8% |   |
|   | Operating margin | 16.9 | % |   | 15.8 | % |   | 110bps |   | 17.5 | % |   | 16.4 | % |   | 110bps |   |
|   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

|        |
|--------|
|        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   | ($ millions) | Fourth Quarter |   | Full Year |   |
|   |   | FY 2018 |   | FY 2017 |   | Change |   | FY 2018 |   | FY 2017 |   | Change |   |
|   | Operating cash flow | $ | 521 |  |   | $ | 80 |  |   | $ | 441 |  |   | $ | 751 |  |   | $ | 569 |  |   | $ | 182 |  |   |
|   | Adjusted operating cash flow* | $ | 521 |  |   | $ | 480 |  |   | $ | 41 |  |   | $ | 1,051 |  |   | $ | 969 |  |   | $ | 82 |  |   |
|   | Adjusted free cash flow* | $ | 464 |  |   | $ | 440 |  |   | $ | 24 |  |   | $ | 915 |  |   | $ | 850 |  |   | $ | 65 |  |   |
|   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   | *Reconciliations of GAAP to non-GAAP financial measures are provided in the attached tables. |   |
|   |   |   |   |   |   |   |   |   |   |   |   |   |   |

|         |                                                                        |
|---------|------------------------------------------------------------------------|
| • | Revenue in a range of $6.53 - 6.65 billion, up 6 - 8% from fiscal 2018 |

|         |                                                            |
|---------|------------------------------------------------------------|
| • | EPS from continuing operations in a range of $7.65 - $7.85 |

|         |                                   |
|---------|-----------------------------------|
| • | Free cash flow ≥ $1 billion |

|         |                    |
|---------|--------------------|
| • | Tax rate of ~17.0% |

----

----

----

|                                                       |
|-------------------------------------------------------|
|                                                       |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                  | Quarter Ended |   | Fiscal Year Ended |
|                                                  | June 29, 2018 |   | June 30, 2017 |   | June 29, 2018 |   | June 30, 2017 |
|                                                  |   |   |   |   |   |   |   |
|                                                  | (In millions, except per share amounts) |
| Revenue from product sales and services               | $ | 1,666 |  |   | $ | 1,542 |  |   | $ | 6,182 |  |   | $ | 5,900 |  |
| Cost of product sales and services                    | (1,065 | ) |   | (995 | ) |   | (3,931 | ) |   | (3,734 | ) |
| Engineering, selling and administrative expenses      | (279 | ) |   | (272 | ) |   | (1,129 | ) |   | (1,093 | ) |
| Operating income                                      | 322 |  |   | 275 |  |   | 1,122 |  |   | 1,073 |  |
| Non-operating income (loss)                           | (26 | ) |   | — |  |   | (28 | ) |   | 2 |  |
| Interest income                                       | 1 |  |   | 1 |  |   | 2 |  |   | 2 |  |
| Interest expense                                      | (46 | ) |   | (42 | ) |   | (170 | ) |   | (172 | ) |
| Income from continuing operations before income taxes | 251 |  |   | 234 |  |   | 926 |  |   | 905 |  |
| Income taxes                                          | (39 | ) |   | (68 | ) |   | (205 | ) |   | (267 | ) |
| Income from continuing operations                     | 212 |  |   | 166 |  |   | 721 |  |   | 638 |  |
| Discontinued operations, net of income taxes          | 5 |  |   | (35 | ) |   | (3 | ) |   | (85 | ) |
| Net income                                            | $ | 217 |  |   | $ | 131 |  |   | $ | 718 |  |   | $ | 553 |  |
|                                                  |  |  |   |  |  |   |  |  |   |  |  |
| Net income per common share                           |   |   |   |   |   |   |   |
| Basic                                                 |   |   |   |   |   |   |   |
| Continuing operations                                 | $ | 1.78 |  |   | $ | 1.37 |  |   | $ | 6.06 |  |   | $ | 5.19 |  |
| Discontinued operations                               | 0.05 |  |   | (0.28 | ) |   | (0.02 | ) |   | (0.69 | ) |
|                                                  | $ | 1.83 |  |   | $ | 1.09 |  |   | $ | 6.04 |  |   | $ | 4.50 |  |
| Diluted                                               |  |  |   |  |  |   |  |  |   |  |  |
| Continuing operations                                 | $ | 1.74 |  |   | $ | 1.35 |  |   | $ | 5.94 |  |   | $ | 5.12 |  |
| Discontinued operations                               | 0.05 |  |   | (0.28 | ) |   | (0.02 | ) |   | (0.68 | ) |
|                                                  | $ | 1.79 |  |   | $ | 1.07 |  |   | $ | 5.92 |  |   | $ | 4.44 |  |
|                                                  |  |  |   |  |  |   |  |  |   |  |  |
| Cash dividends paid per common share                  | $ | 0.57 |  |   | $ | 0.53 |  |   | $ | 2.28 |  |   | $ | 2.12 |  |
| Basic weighted average common shares outstanding      | 118.5 |  |   | 120.3 |  |   | 118.6 |  |   | 122.6 |  |
| Diluted weighted average common shares outstanding    | 121.3 |  |   | 122.2 |  |   | 121.1 |  |   | 124.3 |  |

----

|                                                          |
|----------------------------------------------------------|
|                                                          |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                     |   | Quarter Ended |   | Fiscal Year Ended |
|                                                     |   | June 29, 2018 |   | June 30, 2017 |   | June 29, 2018 |   | June 30, 2017 |
|                                                     |   |   |   |   |   |   |   |   |
|                                                     |   | (In millions) |
| Revenue                                                  |   |   |   |   |   |   |   |
| Communication Systems                                    | $ | 523 |  |   | $ | 449 |  |   | $ | 1,903 |  |   | $ | 1,753 |  |
| Electronic Systems                                       | 640 |  |   | 591 |  |   | 2,373 |  |   | 2,251 |  |
| Space and Intelligence Systems                           | 508 |  |   | 506 |  |   | 1,921 |  |   | 1,902 |  |
| Corporate eliminations                                   | (5 | ) |   | (4 | ) |   | (15 | ) |   | (6 | ) |
|                                                     | $ | 1,666 |  |   | $ | 1,542 |  |   | $ | 6,182 |  |   | $ | 5,900 |  |
| Income From Continuing Operations Before Income Taxes    |  |   |  |   |  |   |  |
| Segment Operating Income:                                |   |   |   |   |   |   |   |
| Communication Systems                                    | $ | 162 |  |   | $ | 146 |  |   | $ | 571 |  |   | $ | 524 |  |
| Electronic Systems                                       | 119 |  |   | 104 |  |   | 441 |  |   | 464 |  |
| Space and Intelligence Systems                           | 86 |  |   | 80 |  |   | 336 |  |   | 311 |  |
| Unallocated corporate expense and corporate eliminations | (45 | ) |   | (55 | ) |   | (226 | ) |   | (226 | ) |
| Non-operating income (loss)                              | (26 | ) |   | — |  |   | (28 | ) |   | 2 |  |
| Net interest expense                                     | (45 | ) |   | (41 | ) |   | (168 | ) |   | (170 | ) |
|                                                     | $ | 251 |  |   | $ | 234 |  |   | $ | 926 |  |   | $ | 905 |  |

----

|                                                                                   |
|-----------------------------------------------------------------------------------|
|                                                                                   |  |  |  |  |  |  |  |
|                                                                              | Fiscal Year Ended |
|                                                                              | June 29, 2018 |   | June 30, 2017 |
|                                                                              |   |   |   |
|                                                                              | (In millions) |
| Operating Activities                                                              |   |   |   |
| Net income                                                                        | $ | 718 |  |   | $ | 553 |  |
| Adjustments to reconcile net income to net cash provided by operating activities: |   |   |   |
| Depreciation and amortization                                                     | 158 |  |   | 183 |  |
| Amortization of intangible assets from Exelis Inc. acquisition                    | 101 |  |   | 128 |  |
| Qualified pension plan contributions                                              | (301 | ) |   | (589 | ) |
| Pension income and share-based compensation                                       | (53 | ) |   | (55 | ) |
| Impairment of goodwill and other assets                                           | — |  |   | 240 |  |
| (Gain) loss on sales of businesses, net                                           | — |  |   | 14 |  |
| Loss on extinguishment of debt                                                    | 24 |  |   | — |  |
| (Increase) decrease in:                                                           |   |   |   |
| Accounts receivable                                                               | (112 | ) |   | 111 |  |
| Inventories, net of advance payments and unearned income                          | (21 | ) |   | (14 | ) |
| Increase (decrease) in:                                                           |   |   |   |
| Accounts payable                                                                  | 82 |  |   | 18 |  |
| Other                                                                             | 155 |  |   | (20 | ) |
| Net cash provided by operating activities                                         | 751 |  |   | 569 |  |
| Investing Activities                                                              |  |  |   |  |  |
| Net additions of property, plant and equipment                                    | (136 | ) |   | (119 | ) |
| Proceeds from sales of businesses, net                                            | — |  |   | 1,014 |  |
| Adjustment to proceeds from sales of businesses, net                              | (2 | ) |   | (25 | ) |
| Other investing activities                                                        | (3 | ) |   | — |  |
| Net cash provided by (used in) investing activities                               | (141 | ) |   | 870 |  |
| Financing Activities                                                              |  |  |   |  |  |
| Net proceeds from borrowings                                                      | 1,387 |  |   | 85 |  |
| Repayments of borrowings                                                          | (1,658 | ) |   | (584 | ) |
| Proceeds from exercises of employee stock options                                 | 34 |  |   | 54 |  |
| Repurchases of common stock                                                       | (272 | ) |   | (710 | ) |
| Cash dividends                                                                    | (272 | ) |   | (262 | ) |
| Other financing activities                                                        | (24 | ) |   | (21 | ) |
| Net cash used in financing activities                                             | (805 | ) |   | (1,438 | ) |
| Effect of exchange rate changes on cash and cash equivalents                      | (1 | ) |   | (4 | ) |
| Net decrease in cash and cash equivalents                                         | (196 | ) |   | (3 | ) |
| Cash and cash equivalents, beginning of year                                      | 484 |  |   | 487 |  |
| Cash and cash equivalents, end of year                                            | $ | 288 |  |   | $ | 484 |  |

----

|                                        |
|----------------------------------------|
|                                        |  |  |  |  |  |  |  |
|                                   | June 29, 2018 |   | June 30, 2017 |
|                                   |   |   |   |
|                                   | (In millions) |
| Assets                                 |   |   |   |
| Cash and cash equivalents              | $ | 288 |  |   | $ | 484 |  |
| Receivables                            | 735 |  |   | 623 |  |
| Inventories                            | 925 |  |   | 841 |  |
| Property, plant and equipment          | 900 |  |   | 904 |  |
| Goodwill                               | 5,372 |  |   | 5,366 |  |
| Other intangible assets                | 989 |  |   | 1,104 |  |
| Other assets                           | 630 |  |   | 768 |  |
|                                   | $ | 9,839 |  |   | $ | 10,090 |  |
| Liabilities and Equity                 |  |   |  |
| Short-term debt                        | $ | 78 |  |   | $ | 80 |  |
| Accounts payable                       | 622 |  |   | 540 |  |
| Compensation and benefits              | 142 |  |   | 140 |  |
| Advance payments and unearned income   | 314 |  |   | 252 |  |
| Current portion of long-term debt, net | 304 |  |   | 554 |  |
| Defined benefit plans                  | 714 |  |   | 1,278 |  |
| Long-term debt, net                    | 3,408 |  |   | 3,396 |  |
| Other liabilities                      | 935 |  |   | 922 |  |
| Equity                                 | 3,322 |  |   | 2,928 |  |
|                                   | $ | 9,839 |  |   | $ | 10,090 |  |

----

----

|                                                                                                  |
|--------------------------------------------------------------------------------------------------|
|                                                                                                  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                             |   | Quarter Ended |   |   | Fiscal Year Ended |
|                                                                                             |   | June 29, 2018 |   | June 30, 2017 |   |   | June 29, 2018 |   | June 30, 2017 |
| GAAP income from continuing operations per diluted common share                                  | $ | 1.74 |  |   | $ | 1.35 |  |   |   | $ | 5.94 |  |   | $ | 5.12 |  |
| Adjustments:                                                                                     |   |   |   |   |   |   |   |   |
| Losses and other costs related to debt refinancing                                               | 0.22 |  |   | — |  |   |   | 0.22 |  |   | — |  |
| Charges related to decision to transition and exit a commercial line of business and other items | — |  |   | — |  |   |   | 0.39 |  |   | — |  |
| One-time non-cash charge from an adjustment for deferred compensation                            | — |  |   | — |  |   |   | 0.10 |  |   | — |  |
| Exelis Inc. acquisition-related and other charges                                                | 0.05 |  |   | 0.16 |  |   |   | 0.05 |  |   | 0.46 |  |
| Total pre-tax adjustments                                                                        | $ | 0.27 |  |   | $ | 0.16 |  |   |   | $ | 0.76 |  |   | $ | 0.46 |  |
| Income taxes on above adjustments                                                                | (0.08 | ) |   | (0.02 | ) |   |   | (0.21 | ) |   | (0.05 | ) |
| Impact of non-cash adjustments related to tax reform                                             | (0.15 | ) |   | — |  |   |   | 0.01 |  |   | — |  |
| Total adjustments after-tax                                                                      | $ | 0.04 |  |   | $ | 0.14 |  |   |   | $ | 0.56 |  |   | $ | 0.41 |  |
| Non-GAAP income from continuing operations per diluted common share                              | $ | 1.78 |  |   | $ | 1.49 |  |   |   | $ | 6.50 |  |   | $ | 5.53 |  |
|                                                                                             |   |  |   |  |   |   |  |   |  |

----

|                  |
|------------------|
|                  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|             |   | Quarter Ended |   |   | Fiscal Year Ended |
|             |   | June 29, 2018 |   |   | June 29, 2018 |
|             |   | As Reported |   | Adjustment(A) |   | Non-GAAP |   |   | As Reported |   | Adjustment(A) |   | Non-GAAP |
|             |   |   |   |   |   |   |   |   |   |   |   |   |   |
|             |   | (In millions) |
| Revenue          | $ | 1,666 |  |   | $ | — |  |   | $ | 1,666 |  |   |   | $ | 6,182 |  |   | $ | — |  |   | $ | 6,182 |  |
| Operating income | $ | 322 |  |   | $ | 5 |  |   | $ | 327 |  |   |   | $ | 1,122 |  |   | $ | 64 |  |   | $ | 1,186 |  |
| Operating margin | 19.3 | % |   |   |   | 19.6 | % |   |   | 18.1 | % |   |   |   | 19.2 | % |
|             |   |   |   |   |   |   |   |   |   |   |   |   |   |
|             |   | Quarter Ended |   |   | Fiscal Year Ended |
|             |   | June 30, 2017 |   |   | June 30, 2017 |
|             |   | As Reported |   | Adjustment(B) |   | Non-GAAP |   |   | As Reported |   | Adjustment(B) |   | Non-GAAP |
|             |   |   |   |   |   |   |   |   |   |   |   |   |   |
|             |   | (In millions) |
| Revenue          | $ | 1,542 |  |   | $ | — |  |   | $ | 1,542 |  |   |   | $ | 5,900 |  |   | $ | — |  |   | $ | 5,900 |  |
| Operating income | $ | 275 |  |   | $ | 20 |  |   | $ | 295 |  |   |   | $ | 1,073 |  |   | $ | 58 |  |   | $ | 1,131 |  |
| Operating margin | 17.8 | % |   |   |   | 19.1 | % |   |   | 18.2 | % |   |   |   | 19.2 | % |

----

|                                                                  |
|------------------------------------------------------------------|
|                                                                  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                             |   | Quarter Ended |   | Fiscal Year Ended |   |   |
|                                                             |   | June 29, 2018 |   | June 30, 2017 |   | June 29, 2018 |   | June 30, 2017 |   | Fiscal Year 2019(Guidance) |
|                                                             |   |   |   |   |   |   |   |   |   |   |
|                                                             |   | (In millions) |
| Net cash provided by operating activities                        | $ | 521 |  |   | $ | 80 |  |   | $ | 751 |  |   | $ | 569 |  |   | >$1,170 |
| Adjustment for voluntary contribution to qualified pension plans | — |  |   | 400 |  |   | 300 |  |   | 400 |  |   | — |
| Adjusted net cash provided by operating activities               | $ | 521 |  |   | $ | 480 |  |   | $ | 1,051 |  |   | $ | 969 |  |   | >$1,170 |
| Less capital expenditures                                        | (57 | ) |   | (40 | ) |   | (136 | ) |   | (119 | ) |   | (170) |
| Adjusted free cash flow                                          | $ | 464 |  |   | $ | 440 |  |   | $ | 915 |  |   | $ | 850 |  |   | >$1,000 |

----

|                                |
|--------------------------------|
|                                |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                           | AS ADJUSTED (PRELIMINARY) |
|                           | Quarter Ended |   | Fiscal Year Ended |
|                           | September 29, 2017 |   | December 29, 2017 |   | March 30, 2018 |   | June 29, 2018 |   | June 29, 2018 |   | June 30, 2017 |   | % Inc/(Dec) |
|                           | (In millions) |
| Revenue                        |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Communication Systems          | $ | 406 |  |   | $ | 492 |  |   | $ | 480 |  |   | $ | 526 |  |   | $ | 1,904 |  |   | $ | 1,755 |  |   | 8.5% |
| Electronic Systems             | 541 |  |   | 587 |  |   | 605 |  |   | 632 |  |   | 2,365 |  |   | 2,248 |  |   | 5.2% |
| Space and Intelligence Systems | 467 |  |   | 464 |  |   | 482 |  |   | 504 |  |   | 1,917 |  |   | 1,900 |  |   | 0.9% |
| Corporate eliminations         | (3 | ) |   | (3 | ) |   | (4 | ) |   | (5 | ) |   | (15 | ) |   | (6 | ) |   | *** |
|                           | $ | 1,411 |  |   | $ | 1,540 |  |   | $ | 1,563 |  |   | $ | 1,657 |  |   | $ | 6,171 |  |   | $ | 5,897 |  |   | 4.6% |
|                           |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Segment Operating Income       |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Communication Systems          | $ | 116 |  |   | $ | 144 |  |   | $ | 144 |  |   | $ | 162 |  |   | $ | 566 |  |   | $ | 514 |  |   |   |
| Electronic Systems             | 112 |  |   | 103 |  |   | 107 |  |   | 116 |  |   | 438 |  |   | 469 |  |   |   |
| Space and Intelligence Systems | 87 |  |   | 81 |  |   | 82 |  |   | 82 |  |   | 332 |  |   | 309 |  |   |   |
|                           | $ | 315 |  |   | $ | 328 |  |   | $ | 333 |  |   | $ | 360 |  |   | $ | 1,336 |  |   | $ | 1,292 |  |   |   |
|                           |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Segment Operating Margin       |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Communication Systems          | 28.6 | % |   | 29.3 | % |   | 30.0 | % |   | 30.8 | % |   | 29.7 | % |   | 29.3 | % |   |   |
| Electronic Systems             | 20.7 | % |   | 17.5 | % |   | 17.7 | % |   | 18.4 | % |   | 18.5 | % |   | 20.9 | % |   |   |
| Space and Intelligence Systems | 18.6 | % |   | 17.5 | % |   | 17.0 | % |   | 16.3 | % |   | 17.3 | % |   | 16.3 | % |   |   |

|                                |
|--------------------------------|
|                                |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                           | AS REPORTED |
|                           | Quarter Ended |   | Fiscal Year Ended |
|                           | September 29, 2017 |   | December 29, 2017 |   | March 30, 2018 |   | June 29, 2018 |   | June 29, 2018 |   | June 30, 2017 |   | % Inc/(Dec) |
|                           | (In millions) |
| Revenue                        |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Communication Systems          | $ | 410 |  |   | $ | 489 |  |   | $ | 481 |  |   | $ | 523 |  |   | $ | 1,903 |  |   | $ | 1,753 |  |   | 8.6% |
| Electronic Systems             | 540 |  |   | 584 |  |   | 609 |  |   | 640 |  |   | 2,373 |  |   | 2,251 |  |   | 5.4% |
| Space and Intelligence Systems | 466 |  |   | 465 |  |   | 482 |  |   | 508 |  |   | 1,921 |  |   | 1,902 |  |   | 1.0% |
| Corporate eliminations         | (3 | ) |   | (3 | ) |   | (4 | ) |   | (5 | ) |   | (15 | ) |   | (6 | ) |   | *** |
|                           | $ | 1,413 |  |   | $ | 1,535 |  |   | $ | 1,568 |  |   | $ | 1,666 |  |   | $ | 6,182 |  |   | $ | 5,900 |  |   | 4.8% |
|                           |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Segment Operating Income       |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Communication Systems          | 118 |  |   | 144 |  |   | 147 |  |   | 162 |  |   | 571 |  |   | 524 |  |   |   |
| Electronic Systems             | 109 |  |   | 101 |  |   | 112 |  |   | 119 |  |   | 441 |  |   | 464 |  |   |   |
| Space and Intelligence Systems | 87 |  |   | 81 |  |   | 82 |  |   | 86 |  |   | 336 |  |   | 311 |  |   |   |
|                           | $ | 314 |  |   | $ | 326 |  |   | $ | 341 |  |   | $ | 367 |  |   | $ | 1,348 |  |   | $ | 1,299 |  |   |   |
|                           |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Segment Operating Margin       |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Communication Systems          | 28.8 | % |   | 29.4 | % |   | 30.6 | % |   | 31.0 | % |   | 30.0 | % |   | 29.9 | % |   |   |
| Electronic Systems             | 20.2 | % |   | 17.3 | % |   | 18.4 | % |   | 18.6 | % |   | 18.6 | % |   | 20.6 | % |   |   |
| Space and Intelligence Systems | 18.7 | % |   | 17.4 | % |   | 17.0 | % |   | 16.9 | % |   | 17.5 | % |   | 16.4 | % |   |   |
|                           |   |   |   |   |   |   |   |   |   |   |   |   |   |
| *** Not meaningful             |   |   |   |   |   |   |   |   |   |   |   |   |   |