INFORMATION ON BUSINESS SEGMENTS (Tables)

6 Months Ended

Jun. 29, 2025

Schedule of Operating Results and Total Assets for Each Business Segment

Summary operating results for each of our business segments were as follows (in millions):


	Quarters Ended				Six Months Ended
	June 29, 2025		June 30, 2024		June 29, 2025		June 30, 2024
Sales
Aeronautics	$	7,420	$	7,277	$	14,477	$	14,122
Missiles and Fire Control	3,433		3,102		6,806		6,095
Rotary and Mission Systems	3,995		4,548		8,323		8,636
Space	3,307		3,195		6,512		6,464
Total sales	$	18,155	$	18,122	$	36,118	$	35,317
Operating costs and expenses
Aeronautics	$	7,517	$	6,526	$	13,854	$	12,696
Missiles and Fire Control	2,955		2,653		5,863		5,339
Rotary and Mission Systems	4,170		4,061		8,028		7,726
Space	2,957		2,862		5,778		5,828
Total operating costs and expenses	$	17,599	$	16,102	$	33,523	$	31,589
Operating profit (loss) (a)
Aeronautics	$	(98)	$	751	$	622	$	1,430
Missiles and Fire Control	479		450		944		761
Rotary and Mission Systems	(172)		495		349		925
Space	362		346		741		671
Total business segment operating profit	571		2,042		2,656		3,787
Unallocated items
FAS/CAS pension operating adjustment	379		406		758		812
Impairment and other charges	(66)		(87)		(66)		(87)
Intangible asset amortization expense	(63)		(61)		(127)		(122)
Other, net	(73)		(152)		(101)		(213)
Total unallocated items	177		106		464		390
Total consolidated operating profit	$	748	$	2,148	$	3,120	$	4,177
Intersegment sales
Aeronautics	$	97	$	67	$	186	$	137
Missiles and Fire Control	231		204		398		406
Rotary and Mission Systems	632		574		1,198		1,160
Space	84		99		167		206
Total intersegment sales	$	1,044	$	944	$	1,949	$	1,909

(a)Operating profit by segment includes certain immaterial items, such as other income (primarily equity earnings) that are not presented separately in the table. Accordingly, the difference between sales less operating costs and expenses may not equal operating profit by segment.

Sales by products and services, contract type, customer, and geographic region were as follows (in millions):


	Quarter Ended June 29, 2025
	Aeronautics		MFC		RMS		Space		Total
Sales
Products	$	5,960	$	3,065	$	3,332	$	2,792	$	15,149
Services	1,460		368		663		515		3,006
Total sales	$	7,420	$	3,433	$	3,995	$	3,307	$	18,155
Sales by contract type
Fixed-price	$	4,912	$	2,447	$	2,295	$	912	$	10,566
Cost-reimbursable	2,508		986		1,700		2,395		7,589
Total sales	$	7,420	$	3,433	$	3,995	$	3,307	$	18,155
Sales by customer
U.S. Government	$	4,646	$	2,440	$	2,858	$	3,227	$	13,171
International (a)	2,766		990		1,085		75		4,916
U.S. commercial and other	8		3		52		5		68
Total sales	$	7,420	$	3,433	$	3,995	$	3,307	$	18,155
Sales by geographic region
United States	$	4,654	$	2,443	$	2,910	$	3,232	$	13,239
Europe	1,404		381		279		22		2,086
Asia Pacific	984		223		601		49		1,857
Middle East	159		375		219		4		757
Other	219		11		(14)		—		216
Total sales	$	7,420	$	3,433	$	3,995	$	3,307	$	18,155


	Six Months Ended June 29, 2025
	Aeronautics		MFC		RMS		Space		Total
Sales
Products	$	11,706	$	6,082	$	6,828	$	5,469	$	30,085
Services	2,771		724		1,495		1,043		6,033
Total sales	$	14,477	$	6,806	$	8,323	$	6,512	$	36,118
Sales by contract type
Fixed-price	$	9,625	$	4,887	$	4,955	$	1,854	$	21,321
Cost-reimbursable	4,852		1,919		3,368		4,658		14,797
Total sales	$	14,477	$	6,806	$	8,323	$	6,512	$	36,118
Sales by customer
U.S. Government	$	9,288	$	4,831	$	5,645	$	6,356	$	26,120
International (a)	5,171		1,968		2,553		146		9,838
U.S. commercial and other	18		7		125		10		160
Total sales	$	14,477	$	6,806	$	8,323	$	6,512	$	36,118
Sales by geographic region
United States	$	9,306	$	4,838	$	5,770	$	6,366	$	26,280
Europe	2,651		776		583		44		4,054
Asia Pacific	1,824		447		1,234		96		3,601
Middle East	307		717		431		6		1,461
Other	389		28		305		—		722
Total sales	$	14,477	$	6,806	$	8,323	$	6,512	$	36,118


	Quarter Ended June 30, 2024
	Aeronautics		MFC		RMS		Space		Total
Sales
Products	$	5,971	$	2,742	$	3,705	$	2,691	$	15,109
Services	1,306		360		843		504		3,013
Total sales	$	7,277	$	3,102	$	4,548	$	3,195	$	18,122
Sales by contract type
Fixed-price	$	4,945	$	2,124	$	2,812	$	925	$	10,806
Cost-reimbursable	2,332		978		1,736		2,270		7,316
Total sales	$	7,277	$	3,102	$	4,548	$	3,195	$	18,122
Sales by customer
U.S. Government	$	4,941	$	2,241	$	2,999	$	3,107	$	13,288
International (a)	2,297		856		1,470		45		4,668
U.S. commercial and other	39		5		79		43		166
Total sales	$	7,277	$	3,102	$	4,548	$	3,195	$	18,122
Sales by geographic region
United States	$	4,980	$	2,246	$	3,078	$	3,150	$	13,454
Europe	1,270		209		282		19		1,780
Asia Pacific	685		180		750		25		1,640
Middle East	194		450		200		1		845
Other	148		17		238		—		403
Total sales	$	7,277	$	3,102	$	4,548	$	3,195	$	18,122


	Six Months Ended June 30, 2024
	Aeronautics		MFC		RMS		Space		Total
Sales
Products	$	11,563	$	5,406	$	6,946	$	5,390	$	29,305
Services	2,559		689		1,690		1,074		6,012
Total sales	$	14,122	$	6,095	$	8,636	$	6,464	$	35,317
Sales by contract type
Fixed-price	$	9,529	$	4,120	$	5,289	$	1,825	$	20,763
Cost-reimbursable	4,593		1,975		3,347		4,639		14,554
Total sales	$	14,122	$	6,095	$	8,636	$	6,464	$	35,317
Sales by customer
U.S. Government	$	9,607	$	4,408	$	5,839	$	6,269	$	26,123
International (a)	4,449		1,680		2,632		113		8,874
U.S. commercial and other	66		7		165		82		320
Total sales	$	14,122	$	6,095	$	8,636	$	6,464	$	35,317
Sales by geographic region
United States	$	9,673	$	4,415	$	6,004	$	6,351	$	26,443
Europe	2,481		454		551		37		3,523
Asia Pacific	1,321		367		1,290		71		3,049
Middle East	397		820		362		5		1,584
Other	250		39		429		—		718
Total sales	$	14,122	$	6,095	$	8,636	$	6,464	$	35,317

(a)International sales include foreign military sales (FMS) contracted through the U.S. Government and direct commercial sales to international governments and other international customers.

Total assets for each of our business segments were as follows (in millions):


	June 29, 2025		December 31, 2024
Assets
Aeronautics	$	15,224	$	13,223
Missiles and Fire Control	6,524		5,952
Rotary and Mission Systems	17,199		17,025
Space	8,051		7,388
Total business segment assets	46,998		43,588
Corporate assets (a)	11,872		12,029
Total assets	$	58,870	$	55,617

(a)Corporate assets primarily include cash and cash equivalents, deferred income taxes, assets for the portion of environmental costs that are probable of future recovery, property, plant and equipment used in our corporate operations, assets held in a trust for deferred compensation plans, and other marketable investments.