Revenue Growth
Consolidated revenue of $1.24 billion was 9% higher compared to the second quarter last year.
Defense Segment Performance
Defense revenue grew 14% year-over-year to $566.6 million, and adjusted segment operating income increased 41% to $46.6 million.
Free Cash Flow Increase
Free cash flow increased by 44% to $201 million compared to $140 million in the second quarter last year.
Backlog Growth
Civil adjusted backlog of $8.5 billion was up 27% from last year, and Defense adjusted backlog was $11.2 billion.
Transformation Plan Initiation
The company announced a transformation plan focusing on portfolio sharpening, capital discipline, and performance improvement.