Reports Q4 revenue $648.20M, consensus $615.73M.The decrease in net income was primarily driven by: costs associated with the proxy contest and associated litigation matters in the current period; cost growth from supply chain disruptions and necessary technical and manufacturing changes on a portion of the Standard Missile program; costs associated with legal matters in the current period; favorable contract performance on the RS-68 program in the prior year; increased costs on debt settlements in the current period; and higher merger-related expenses in the current period. These factors were partially offset by lower retirement benefits expense. The Company had $23.1M of net unfavorable changes in contract estimates on net income in 2022 compared with net favorable changes of $23.5M in 2021.
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