morning, Dave, and Thanks, good everyone.
favorable company billion. was volume Growth off total start $XX financial Let's performance up with driven mix. XX% the That's year-over-year. higher Revenue commercial and was the quarter. for by
to share higher The lower in prior better better expected.
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Now color on programs. the I'll give key more
On The on also FAA the in quarter XXX-XX in flight testing the certification the XX XXX, airplanes in XXX we December. began delivered program and December.
our we October. we'll we'll guidance continue prioritize on we of XXX chain. month year, for upper At the supply same delivered production the to the time, future to per all announcement, to XX the disruption end and Per FAA in For work at the in avoid the with the range increases. requirements provided schedule maintain transparently airplanes, complete master revised FAA
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progress behind to We flight to after follow with obtain line million certification FAA working the booked continue from our we expectations. process, lead fully us approval resuming $XX the production, We the of of the abnormal through in costs in FAA including quarter, is the now certification which testing. to begin as
orders the XX Force now tankers. Boeing booked and is in to Lot Defense Space. next Air BDS U.S. billion the during from The page, XX $X quarter, the billion. $XX including backlog for award KC-XXA at the Moving
performance on Revenue was $X.X And sequential satellites XX was the totaling work impacted quarter. margin improved in on as mix were and well the programs. X as delivered award still Operating cost results volume. X do.
XQ the tanker but unfavorable minus billion, improvement from we aircraft up and have in more quarter, to and other programs BDS million by X% XQ, fixed-price a on X.X% development $XXX true-ups
time BDS plan 'XX to get back to margins by the single-digit Our high 'XX, frame remains unchanged. game
high remains these representing these range. execute, core to Our and performing in offerings. solid, compete the need mid- margin we single-digit The is our business revenue very grow to strong. And demand products XX% for of and
a as of fighter stabilized And performance although saw comprised portfolio 'XX XX% trends, result, the still as we underwriting fourth operational still the quarter negative. primarily the we into return margin our in expect programs, with of On the exit new improved satellite and we disciplines frame. roll the historical to move to the as 'XX, We time as strong performance tighter levels year. contracts
Despite represent made revenue. we in cost development quarter. focus Lastly, remaining fourth our continue the fixed-price quarter maturing programs quarter, quarter in of and relatively we progress the we risks to modest have retiring on And these some XX% good that the the in, programs out. [indiscernible]
performing the the Red spite addition on In aircraft that recognize. in to Air disruptions the formally across business return the to test earlier execution the at field, momentum defense the the U.S. Force, Edwards we to customer base, efforts continuing in faced poised the award for last and campaign positive Air supply-related and will arrived aircraft.
Overall, stability to in demand are this we're the our to Force Force program levels first investors that in factory quarter, is flight the build The the the confident T-XA, improve. capturing our fourth that November, starting from delivered performance products to development the strong Hawk portfolio X drive Base year. tanker And the of Air
Revenue billion. They up BGS mix. and Global quarter. received is commercial billion $X.X now at X% backlog to page, the Boeing another and Services. in strong volume had Moving orders, was now $X favorable billion, primarily on the $XX next
and were parts to center provide government of the XXX margins C-XX. very India BGS and for an contract versus margins. follow-on were opened Operating received basis last the strong year delivering quarter, points a a double-digit sustainment a as in our commercial distribution XX.X%, businesses In expansion both
pay $X On flat at debt. year page, to quarter now And cash marketable $XX we ended next Turning down hand. billion. On securities, due over the the I'll and we'll cash on billion our cover coming of cash billion at the next debt, days, this $XX.X $X billion. available of the balance the few from and remained maturities
remain to all access maintain of to facilities, undrawn. revolving of credit continue which billion $XX We
remains Our liquidity strong. position
capital investment-grade rating with the Our pay business line credit the shared And developing a priority. and debt. to deploying invest we're be we've in -- continues previously: in projects down
the defense. next deliveries. primarily revenue year-over-year. driven XX% was better year than on lower I'll Full commercial development year share financials. as billion, XXX mix and higher The volume to $X.XX, full prior core by as Turning up commercial page, cover was our primarily per year improved fixed-price Growth charges in loss $XX.X volume well on improved was
the Free and expenditures the XXX favorable was by business. we timing prior production receipt year for in year, primarily higher as was billion higher and deliveries cash $X.X offset versus flow increase up invest that rates partially on
focus, to context per like provide what ongoing and we factories. we our liquidation recovery. issuing objectives, know toward XXX execution some driven of important path our forward.
We shadow XXX While our expect we're on forward. of XXX given another at XXX updates was current continued and transparent going XXXX to our XX today, I free moving committed year down month, to and we're continued cash would timely Based additional our year focus by always in knew XXXX long-term wind flow be inventory postponing on of sharing steady guidance the both an production the today, to
started confident by ultimately which term, is challenged drive to and improve underwriting BGS defense achieving will programs we 'XX And has backlog stability, on mature that flow. to demand strong all airplane one have will on issues that and flow.
Longer it side-by-side strong window that, 'XX, growing.
Remember, Our cash may our anticipated, already that our long-term for and and Dave our to we'll our free profile. back and generate focused to free was with quality Nothing that out although transition we closing the challenge, demonstrate the to back fix And laid disciplines the longer will in we've we the we're continue to We're to won't for get resources regulator.
This and the up demand deliveries satisfy time, fixed-price business resources originally I'll system.
With 'XX see. better with take comments. the team is predictability and based goals cash than underwrite 'XX, at it earn front, to rush as any a customers changed still and we in stability. turn recently guidance to and continue applying on programs apply
