Financial Performance Highlights - Orders reached $8 billion, resulting in a record backlog and a book-to-bill ratio of 1.5x, the highest since the merger[4,6] - Organic growth increased by 6%, driving progress towards the 2026 Financial Framework, with AR Missile Solutions up 15% organically[4] - Adjusted Segment Operating Margin was 15.9%, marking the seventh consecutive quarter of margin expansion[4,8] - Non-GAAP EPS grew by 16%, or 22% on a pension-adjusted basis[4,45] - Adjusted Free Cash Flow was $574 million[8] Guidance and Outlook - Revenue guidance for 2025 is approximately $21.75 billion (previously $21.4 billion - $21.7 billion)[5,40] - Adjusted Free Cash Flow for 2025 is projected to be around $2.65 billion (previously $2.4 billion - $2.5 billion)[5,40] - Non-GAAP Diluted EPS guidance for 2025 is $10.40 - $10.60 (previously $10.30 - $10.50)[40,42] Segment Performance - Communication Systems (CS) revenue increased by 2% to $1.376 billion, with an adjusted operating margin of 24.4%[19,20,21] - Integrated Mission Systems (IMS) revenue decreased by 3% but increased 6% organically, with an adjusted operating margin of 13.2%[25,28] - Space & Airborne Systems (SAS) revenue increased by 5% but increased 7% organically, with an adjusted operating margin of 12.3%[32,33] - Aerojet Rocketdyne (AR) revenue increased by 10% but increased 12% organically, with an adjusted operating margin of 13.3%[37,38]