L3Harris Technologies, Inc. (NYSE:LHX) Q2 2024 Earnings Conference Call July 26, 2024 8:30 AM ET

Company Participants

Daniel Gittsovich - VP, IR
Christopher E. Kubasik - Chair and CEO
Kenneth L. Bedingfield - SVP and CFO

Conference Call Participants

Peter Arment - Robert W. Baird
Seth Seifman - J.P. Morgan
Robert Stallard - Vertical Research
Ronald Epstein - Bank of America
Kristine Liwag - Morgan Stanley
Myles Walton - Wolfe Research
David Strauss - Barclays Bank
Sheila Kahyaoglu - Jefferies
Michael Ciarmoli - Truist Securities
Scott Deuschle - Deutsche Bank
Jason Gursky - Citigroup
Richard Safran - Seaport Research Partners
Peter Skibitski - Alembic Global Advisors
Kenneth Herbert - RBC Capital Markets
Gavin Parsons - UBS

Operator

Greetings. Welcome to the L3Harris Technologies Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions]. As a reminder, this call is being recorded. It is now my pleasure to introduce your host, Danny Gittsovich, Vice President of Investor Relations. Thank you Dan, you may now begin.

Daniel Gittsovich

Thank you, Rob. Good morning and welcome to our Second Quarter 2024 Earnings Call. Joining me this morning are Chris Kubasik, our CEO; and Ken Bedingfield, our CFO. Yesterday we published our second quarter earnings release detailing our financial results and guidance. We have also provided a supplemental earnings presentation on our website.

Today's discussion will include certain matters that constitute forward-looking statements. These statements involve risks, assumptions, and uncertainties that could cause actual results to differ materially. For more information, please reference our earnings release and SEC filings. We will also discuss non-GAAP financial measures which are reconciled to GAAP measures in the earnings release.

For those of you I haven’t met yet, I am new in this role and look forward to engaging with you in the near future. I'd now like to turn it over to Chris for some remarks.

Christopher E. Kubasik

Thanks, Dan and welcome to the IR team and your first earnings call with us. Last month marked the five-year anniversary of the transformative merger between L3 and Harris, and the creation of the industry's trusted disruptor, a proven alternative to both traditional primes and new entrants, focused on relentless innovation to deliver capability with the speed, passion, and determination that our customers demand in executing their most challenging missions. Unlike traditional primes and new commercial entrants, we utilize both commercial and government business models with significant presence in each. We deliver commercial short cycle products, such as software-defined radios. We also execute on critical long-term programs that span the entire life cycle from development to production, including international exports, and ultimately sustainment and support. Our diverse and platform agnostic portfolio enables us to work across the ecosystem as a prime, a sub, or a merchant supplier to deliver the best solutions for our customers and the best returns for our shareholders.