Use of U.S. DoD visual information does not imply or constitute DoD endorsement. L3HARRIS TECHNOLOGIES OVERVIEW July 1, 2019

Forward Looking Statements L3HARRIS L3HARRIS TECHNOLOGIES OVERVIEW Proprietary Information 2 Statements in this presentation that are not historical facts are forward-looking statements that reflect management's current expectations, assumptions and estimates of future performance and economic conditions. Such statements are made in reliance on the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements in this presentation include but are not limited to: statements regarding synergies, synergy or free cash flow targets, value creation or cash flow growth; statements regarding shareholder friendly capital allocation, including dividend and share repurchase expectations; statements regarding organizational model or leveraging cross segment capabilities; statements regarding revenue growth or margin expansion; statements regarding the company’s solutions or capabilities; other statements about the combination of L3 and Harris and anticipated benefits therefrom, including estimated synergies, the effects of the combination, including on future financial and operating results, and the integration of operations; and other statements regarding outlook or that are not historical facts. The company cautions investors that any forward-looking statements are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements. The company's consolidated results, future trends and forward-looking statements could be affected by many factors, risks and uncertainties, including but not limited to: risks related to disruption of management time from ongoing business operations due to the combination of L3 and Harris; risks related to the inability to realize benefits or to implement integration plans and other consequences associated with the combination; the risk that any announcements relating to the combination could have adverse effects on the market price of the company’s common stock; the risk that the combination could have an adverse effect on the company’s ability to retain customers and retain and hire key personnel and maintain relationships with suppliers and customers, including the U.S. Government and other governments, and on its operating results and businesses generally; the loss of the company’s relationship with the U.S. Government or a change or reduction in U.S. Government funding; potential changes in U.S. Government or customer priorities and requirements (including potential deferrals of awards, terminations, reductions of expenditures, changes to respond to the priorities of Congress and the Administration, budgetary constraints, debt ceiling implications, sequestration, and cost-cutting initiatives); a security breach, through cyber attack or otherwise, or other significant disruptions of the company’s IT networks and systems or those the company operates for customers; the level of returns on defined benefit plan assets and changes in interest rates; risks inherent with large long-term fixed-price contracts, particularly the ability to contain cost overruns; changes in estimates used in accounting for the company’s programs; financial and government and regulatory risks relating to international sales and operations; effects of any non-compliance with laws; the company’s ability to continue to develop new products that achieve market acceptance; the consequences of uncertain economic conditions and future geo-political events; strategic acquisitions and divestitures and the risks and uncertainties related thereto, including the company’s ability to manage and integrate acquired businesses and realize expected benefits and the potential disruption to relationships with employees, suppliers and customers, including the U.S. Government, and to the company’s business generally; performance of the company’s subcontractors and suppliers; potential claims related to infringement of intellectual property rights or environmental remediation or other contingencies, litigation and legal matters and the ultimate outcome thereof; risks inherent in developing new and complex technologies and/or that may not be covered adequately by insurance or indemnity; changes in the company’s effective tax rate; significant indebtedness and unfunded pension liability and potential downgrades in the company’s credit ratings; unforeseen environmental matters; natural disasters or other disruptions affecting the company’s operations; changes in future business or other market conditions that could cause business investments and/or recorded goodwill or other long-term assets to become impaired; the company’s ability to attract and retain key employees, maintain reasonable relationships with unionized employees and manage escalating costs of providing employee health care; and potential tax, indemnification and other liabilities and exposures related to Exelis’ spin-off of Vectrus, Inc. and Exelis’ spin-off from ITT Corporation. Further information relating to these and other factors that may impact the company's results, future trends and forward-looking statements are disclosed in the company's filings with the SEC. The forward-looking statements contained in this presentation are made as of the date of this presentation, and the company disclaims any intention or obligation, other than imposed by law, to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Person receiving this presentation are cautioned not to place undue reliance on forward- looking statements.

DoD 56% 23%Other 21% L3Harris Technologies overview 1 CY18 reported financials. 2 EBIT = earnings before interest and taxes adjusted to exclude discontinued operations and deal and integration costs. 3 Operating cash flow less net capital expenditures, excluding deal and integration costs. Engineers Cleared('000s) personnel ('000s) ~20 ~24 FCF1,3:$1.9B EBIT1,2:$2.4B Revenue1:$17B Market Cap:$42B Global reach…serving 130 countries Strong customer relationships1International U.S. Talent and culture of innovation 68% 32% Prime Diversified business mix1Sub Cost Plus28% Fixed 72%Price Creating a leading global defense technology company L3Harris Technologies is an agile global aerospace and defense technology innovator, delivering end-to-end solutions that meet customers’ mission-critical needs. L3HARRIS L3HARRIS TECHNOLOGIES OVERVIEW Proprietary Information 3

Summary Chairman & Chief Executive Officer: William M. BrownVice Chairman, President & Chief Operating Officer: Christopher E. Kubasik12 total board members…10 independent directors drawn equally from Harris and L3 Boards Fully staffed integration office…weekly CEO/COO reviewsClear roadmap to meet synergy targets…$500 million of gross cost synergies and $3B of FCF in CY22 NYSE: LHXHeadquartered in Melbourne, FL Announced dividend increase of 10%...dividend to be re-evaluated in Q1 CY20New $4B share repurchase authorization…$2.5B within first 12 months post closeNo debt paydown and M&A only if a strategic ‘must-have’ Seasoned and experienced leadership team4 market focused segments…led by Presidents with over 100 years of combined industry experience Ticker & Headquarters Governance & Leadership Organizational Structure Integration Shareholder friendly capital allocation L3HARRIS L3HARRIS TECHNOLOGIES OVERVIEW Proprietary Information 4

9 12 9 3 7 3 7 8 10 Senior P&L Experience Public Company Board M&A/Post Merger Integration Diverse Aerospace & Defense Military Service Technology Finance Expertise Global Operations Diverse board of business and thought leaders William Brown Sallie Bailey Chris Kubasik Robert Millard Thomas Corcoran Thomas Dattilo Peter Chiarelli Rita Lane Lewis Kramer Lloyd Newton Roger Fradin Lewis Hay III L3HARRIS L3HARRIS TECHNOLOGIES OVERVIEW Proprietary Information 5

Seasoned and experienced leadership team Bill BrownChairman & CEO Omar FathiVP & CIO Tania HannaVP,Government Relations Jim GirardVP & CHRO Jim JordanoVP, Integration Christopher KubasikPresident & COO Jay MalaveSVP & CFO Scott MikuenSVP, General Counsel & Secretary Ross NiebergallVP & CTO Greg TaylorVP, Corporate Strategy Sean Ed Dana Todd Stephen Byron Andy Stackley Zoiss Mehnert Gautier O’Bryan Green Zogg President, President, President, President, VP, Global VP, Operations VP, Program Integrated MissionSystems Space & AirborneSystems CommunicationSystems AviationSystems BusinessDevelopment Excellence L3HARRIS L3HARRIS TECHNOLOGIES OVERVIEW Proprietary Information 6

Segment descriptions Ed Zoiss, President Mission solutions for space and airborne domain with defense, intelligence and commercial applications Space communications Small optical payloads Ruggedized military displays Intelligence systems Todd Gautier, President Commercial and military aviation solutions, systems, networks and pilot training Critical FAA infrastructure, NextGen programsInternational air traffic management Pilot training Security and detectionCommercial and defense avionics products Sean Stackley, President Leading technology integrator to U.S. and international militaries for complex ISR airborne and maritime platforms Naval sonar and commandUnderwater acoustic systems and sensors Integrated ISR Maritime systems Electro optical solutions End-to-end SmallSat solutions Exquisite space payloads Open architecture avionics Electronic warfare Arlington, TX Palm Bay, FL Palm Bay, FL CY18Revenue Dana Mehnert, President Secure ground and airborne communications and network systems for U.S. military, international forces and commercial customers Tactical communications Public safetyBattlefield management networks Night vision systems ISR data links Enhanced Waveforms Rochester, NY Integrated Mission Systems $4.9B Aviation Systems Space & Airborne Systems $4.0B Communication Systems $3.8B $3.8B L3HARRIS L3HARRIS TECHNOLOGIES OVERVIEW Proprietary Information 7

Integrated Mission Systems ISRComplex intelligence, surveillance and reconnaissance systems for large military platforms MaritimeElectrical and electronic systems and integration for large naval platforms Electro OpticalAdvanced Electro-Optic / Infrared (EO/IR), laser imaging and targeting sensor systems Legacy L3 Combined CY18Op Margin:~11.6% CY18Revenue:$4.9B ISR L3HARRIS L3HARRIS TECHNOLOGIES OVERVIEW Proprietary Information 8 Maritime Electro Optical

Space and Airborne Systems SpacePayloads, sensors, and full-mission solutions for classified, civil and commercial customers AvionicsSensors, hardened electronics, release systems, data links and antennas supporting fixed wing and rotary platforms Electronic WarfareMulti-spectral situational awareness, threat warning and countermeasures capabilities for airborne and maritime platforms Intel and CyberSituational awareness, optical networks and advanced wireless solutions CY18Op Margin:~17.9% CY18Revenue:$4.0B Space Legacy HRS Combined L3HARRIS L3HARRIS TECHNOLOGIES OVERVIEW Proprietary Information 9 Intel & Cyber Avionics Electronic Warfare

Communication Systems Tactical CommunicationsRadio communications, SATCOM terminals and battlefield management networks for U.S. and international defense customers Night VisionFull suite of helmet and weapon mounted integrated systems for U.S. and international customers Broadband Communications Secured mobile networked communication equipment and integration Public SafetyRadios, applications and equipment for critical public safety and professional communications Legacy L3 Legacy HRS Combined CY18Op Margin:~21.1% CY18Revenue:$3.8B Tactical Communications L3HARRIS L3HARRIS TECHNOLOGIES OVERVIEW Proprietary Information 10 Broadband Communications Night Vision Public Safety

Aviation Systems Commercial Aviation ProductsAirport security & detection solutions and airborne avionics products - traffic collision avoidance, flight recorders Commercial and Military TrainingFlight and maintenance simulation, pilot training to military customers, FAA, and global airlines Mission NetworksCommunications and networking solutions for FAA and international air national service providers Defense Aviation ProductsPrecision engagement sensors and systems; small UAVs; antennas and arrays; RF amplifiers and microwave electron devices (EDD) Legacy L3 Legacy HRS CY18Op Margin:~9.2% CY18Revenue:$3.8B Defense Aviation Products L3HARRIS L3HARRIS TECHNOLOGIES OVERVIEW Proprietary Information 11 Commercial Aviation Products Commercial & Military Training Mission Networks

Operating as one company… One team with common goals and valuesLeveraging best practicescompany-wideScalable, global platform to driveefficiency and growthStrategic investments ininnovationUnwavering focus on customerquality and on-time deliveryLeader in core growth markets and technologiesUnified to exceed expectations Enterprise organizational model… …leverages cross segment capabilities Integrated Mission Systems Aviation Systems Space & Airborne Systems Communication Systems Technology & Strategy Technology & engineering council Core technology centers Business Development: International expa sion opportunities Integrated bid anRevenue nd proposal activity Synergies Operations: Operational Excellence Finance: Shared business services HR :Talent management & development L3HARRIS L3HARRIS TECHNOLOGIES OVERVIEW Proprietary Information 11

…to drive cost synergies… 1 Exclude deal related costs. Year 3 savings $450M Corporate and segment consolidation Functional efficiencies, OH reduction & shared services Supply chain and footprint rationalization $500M gross$300M net Cash investment1 Executive Steering Committee Integration Management Office(IMO) Value Capture & Functional Integration Teams Weekly CEO/COO reviewsKey strategic decisions madeEvaluate progress & impactDrive accountabilityAssign resourcesRemove roadblocks Manage overall integration programTranslate deal objectives into program deliverablesTrack and report on progress & impactRelentless focus on delivering results Drive cost and revenue synergiesHarmonize process and systemsIdentify & resolve issues Meaningful value creation from cost synergies… …driven by a dedicated and experienced integration team L3HARRIS L3HARRIS TECHNOLOGIES OVERVIEW Proprietary Information 11

…and generate cash flow growth Proforma CY18 Organic Growth Synergies + Capital Efficiencies Year 3 Run Rate ~$3B1 ~$0.5B~$0.5B 1 Free cash flow = operating cash flow less net capital expenditures, excluding deal and integration costs. . $1.9B1 Strong free cash flow profile… …supporting shareholder friendly capital deployment$4B share repurchase authorization approved by the L3Harris board…$2.5B share buy-back over the next 12 monthsDividend increase of 10% to $3.00 effective Q3 CY2019…additional increase to be evaluated in Q1 CY2020Legacy Harris Night Vision sale proceeds to be used to prefund L3Harris pensionNo further debt repaymentM&A only if a strategic ‘must-have’ L3HARRIS L3HARRIS TECHNOLOGIES OVERVIEW Proprietary Information 14

Key investment themes L3HARRIS L3HARRIS TECHNOLOGIES OVERVIEW Proprietary Information 14 Stronger platform for long-term revenue growthCreates scale with a well-balanced portfolioAccelerates innovation and time to marketShared operating philosophy to continue driving margin expansionFocus on operational excellence and structural cost reductionMeaningful value creation from cost synergies…history of over-achievementStrong and experienced leadership team with proven track records Generate robust free cash flow…return cash to shareholders through dividends and share repurchases

Appendix: Preliminary L3Harris Pro forma Quarterly Segment Financials ($millions) 1 Includes intersegment revenue and excludes legacy HRS Night Vision revenue. 2 Does not include adjustments to give effect to the merger as if it occurred as of the beginning of Q1 CY2018. Revenue by Segment 1 Approximate Margin by Segment 2 Integration Mission Systems 1,130 1,219 1,195 1,338 4,882 1,371 21% Space & Airborne Systems 962 1,021 972 1,070 4,025 1,111 16% Communication Systems 878 1,020 932 1,014 3,844 1,039 18% Aviation Systems 908 941 944 1,010 3,804 908 0% Total Segment Revenue 3,878 4,201 4,043 4,432 16,555 4,429 14% Integration Mission Systems 11.5% 11.5% 12.2% 11.1% 11.6% 11.5% 0.0% Space & Airborne Systems 18.0% 17.6% 17.0% 18.8% 17.9% 17.7% -0.4% Communication Systems 20.1% 20.8% 21.2% 22.2% 21.1% 21.4% 1.3% Aviation Systems 10.0% 9.5% 10.1% 7.5% 9.2% 10.7% 0.7% Total Segment Margin 14.7% 14.8% 14.9% 14.7% 14.8% 15.2% 0.5% CY2018 CY2019 Q1 Q2 Q3 Q4 Total Q1 YoY L3HARRIS L3HARRIS TECHNOLOGIES OVERVIEW Proprietary Information 16

Appendix: Other L3Harris Supplemental Information 1 Combination of the pro forma effective tax rates of the two companies, which exclude the tax effect of integration costs and other items as reported during those periods. L3HARRIS L3HARRIS TECHNOLOGIES OVERVIEW Proprietary Information 17 Pro forma CY18 CHQ department expense $0 Net interest expense ~$300M Minority interest ~($20M) Effective tax rate1 ~15.0% Average diluted shares outstanding ~225M