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Q3 CY21 EARNINGS RELEASE ● L3HARRIS ™ FAST . FORWARD . ● Orders and revenue O O O O Margins and earnings GAAP net income margin of 11.3 % ; GAAP earnings per share from continuing operations ( EPS ) of $ 2.39 , up 20 % O Investor Relations Contact : Rajeev Lalwani , 321-727-9383 L3Harris Technologies Reports Third Quarter 2021 Results O rajeev.lalwani@l3harris.com Media Relations Contact : Jim Burke , 321-727-9131 jim.burke@l3harris.com Non - GAAP adjusted earnings before interest and taxes ( EBIT ) margin of 19.6 % ; non - GAAP EPS of $ 3.21 , up 13 % Cash flow and capital deployment Operating cash flow of $ 484 million ; adjusted free cash flow ( FCF ) of $ 673 million Returned $ 1.5 billion to shareholders Orders of $ 4.5 billion ; funded book - to - bill of 1.07 Revenue of $ 4.2 billion , down 5 % versus prior year , and down 1 % on an organic basis ; impacted by global electronic component shortages Updated 2021 financial outlook MELBOURNE , Fla . , October 29 , 2021 L3Harris Technologies , Inc. ( NYSE : LHX ) reported third quarter 2021 revenue of $ 4.2 billion , down 5 % versus prior year , and down 1 % on an organic¹ basis . GAAP net income was $ 479 million , up 11 % versus prior year . Adjusted EBIT2 was $ 830 million , up 4 % versus prior year , and adjusted EBIT margin² expanded 170 basis points ( bps ) to 19.6 % . GAAP EPS was $ 2.39 , up 20 % , and non - GAAP EPS² was $ 3.21 , up 13 % versus prior year . " The L3Harris team delivered solid bookings , margins , and bottom - line results in the quarter , overcoming revenue headwinds due to supply chain delays and award timing . And in spite of unprecedented global supply chain disruptions that are reducing our organic revenue growth guidance for the year , we're positioned to meet our earnings and cash flow commitments , " said Christopher E. Kubasik , Vice Chair and Chief Executive Officer . " We ultimately view these pandemic - related impacts as temporary and remain focused on creating value for our stakeholders over the long term . "