Total Revenue

Up ≈2% ( " " )

Total Revenue rose from $5,299 million to $5,426 million in Q2 2026, driven by robust gains in the SAS segments and AR despite a decline in IMS; strong increases in SAS Products (188% YoY) and SAS Services (238% YoY) and a 20% jump in AR revenue more than offset modest growth in CS and declines in IMS. " " " "

SAS Segment Revenue

Up 5% ( " " )

The SAS segment increased from $1,707 million to $1,787 million, largely due to dramatic increases in its sub-segments – a surge in products and services revenue – reflecting new sales initiatives and strong market performance, overcoming challenges noted in previous periods. " " " "

SAS Products Revenue

Up ≈188% ( " " vs " )

SAS Products revenue soared from $382 million to $1,101 million, indicating a major strategic turnaround; this dramatic growth reflects the lifting of previous constraints possibly related to divestitures or program timing issues, now replaced by strong market demand and successful program ramp-ups. " " "

SAS Services Revenue

Up ≈238% ( " " vs " )

SAS Services revenue jumped from $199 million to $673 million due to a substantial increase in Mission Networks volume (the FAA mission-critical safety of flight business), signifying a sharp improvement in service-related performance compared to prior period limitations. " " "

IMS Revenue

Down >6% ( " " vs " " )

IMS revenue declined from $1,729 million to $1,622 million, likely due to lower aircraft missionization volume and planned program ramp-downs that continued trends seen in earlier periods, resulting in a noticeable decrease despite the overall company growth. " " " "

CS Revenue

Up ≈2% ( " " vs " " )

CS revenue experienced a modest increase from $1,346 million to $1,376 million, driven by higher international sales and terminal inventory transactions, reflecting steady progress compared to previous factors that kept revenue near a plateau. " " " "

AR Revenue

Up ≈20% ( " " vs " " )

AR revenue increased from $581 million to $698 million, primarily due to a boost from increased production volume and new program ramps, marking a significant operational improvement relative to the previous period. " " " "

Corporate Eliminations

Improved from -$64 million to -$57 million ( " " vs " " )

The improvement in corporate eliminations reflects more efficient internal processes or consolidation efforts; while not a revenue driver itself, the reduction in negative eliminations has helped enhance overall reported earnings compared to the prior period. " " " "