Demand And Market TrendsDemand for missiles and munitions in the US and abroad is accelerating as countries seek to refill stockpiles across domains.
Financial PerformanceOperating cashflow was $754 million, up vs. positive $414 million in 2Q23 on working capital efficiency and net income growth, with adjusted FCF of $714 million, above consensus of $451 million.
Operational ExecutionSolid execution across all four segments is reflecting in 1H24 margin performance that is above full-year 2024 guidance.