Okay.
with the we reported our Let's earnings, get I'm XXXX morning, started. pleased and result. This
XXX as per It Organic EX of uncertain. X% enabled savings, chain performance by exceptional expansion and of the pandemic without bottom challenges wasn't, was our XX% were remain our up as a time free when another basis and cost solid cash for merger synergies, performance, line Our year, budgets respectively. and year growing supply revenues company points. margin at stressed its the however, X%, EPS share alongside flow delivered
initiated we X% today $XX.XX to market steady $XX.XX, decline, be growth. Organic Looking with conditions. revenues to when to of X% guidance reflecting rising And another expect current we reflects that count share EPS with the ahead year, to year solid to are segment margins. combined this up of
cash free billion to to of us regulations, payment current capitalize requires in resulting guide cash tax Our R&D XXXX deductions beginning expenditures flow prior $X.XX the $X.XX billion increases. which versus of incorporates annual in practice tax
by more per Excluding this cash details up digits. We'll would later the been on free impact, on provide flow these have double figures share growth call.
Our focus driven a growing we made success prime strengthening the allocation and line, creation value both has disciplined as progress focus of capital. strategy our and our areas leading in Moreover, recent non-traditional date. operations top augmenting on our our to our of months, advancing in of
Let's start with the top line.
of grow priming behind finally, bidding, largely first, integration efforts presence. progressing company through in second, us, we're the more the With winning approach: X-pronged expanding our the our business investing capabilities; and and a programs; international our on to
traction demonstrated of across these domains. all year against the throughout all activity award Our X efforts
company, portfolio architecture, open orders, capabilities. our we're in next-generation cumulative including R&D multifunction, across percentage a leading and revenue fourth remains an solutions classified quarter. maintaining billion a technology system industry-leading contract of emphasis revenues, As we our X This as in reached defense a broad instrumental with on as pipeline the for synergy expanding a spend software-defined a our of funded in
internal the with accelerating also maritime domains. and are We investments momentum cyber in
hundred to Virginia million of leading the several awards class submarines, and programs, Our integration as sensor for capabilities such XXXX. solutions and on led naval Columbia
the quarter. received Navy cyber shipboard for U.S. sole-source hardened systems we electronic In attack $XXX from the in addition, million IDIQ
and pursuing geographies classes Our capabilities in across and beyond. XXXX position us that for opportunities we're ship multibillion dollar
expanded and will capability various customers. can in the year. so sets. also making We're this on bring external we to calculated be partnerships We more throughout investments defense in to investments companies There global topic offerings overall unique broaden our technological solutions
the me let made we've a call what update trusted prime, progress Next, disruptor. you a on as we non-traditional being
positioning experimental near-peer of government's traditional the threats. affordable defense for with agile, Our advanced the to desire at entrants players nexus well address and aligns new and commercial U.S. solutions
a the expect need in can were awarded rapidly deployed example this address to satellites direction. notable within the that contracts and domain in $XXX the a $X.X space dollars a fourth the in us. continue A to of Community million over within as be procured and satellite we for exciting award threats. billion range We considerable gravitating opportunities and for have Intel prime budget including XXXX, is We in ahead responsive mission a of responsive classified quarter and
International. Turning to
our is X.X in million aligned and a aircraft We million, are awards that continue from dollar for strategy on XXXX, our opportunity growth to revenue a multibillion in broader see in U.S. We a with part security. And over $XX we're customer of had defensive NATO $XXX demand is with beyond. of of fourth strong and solutions insure our solid solid. pursuing key the set with book-to-bill policies business missionization ISR growth in XXXX including a partner quarter, which export
and the approximately for Communications land business. well order million expanding activity with Tactical in quarter. UK, growth for in continued pairs for country multiyear the over business XXX Mid-East million international and modernization XXX year goals, our DoD Australia supporting experience our the the that addition, robust This a In modernization to totaled potential
networking $XXX we week, radio to that In the standards, handheld above Marines X.X funded delivered the grew resilient multichannel a I'm book-to-bill IV meets Overall, security our awarded organic the progress backlog XXXX by by crypto and as providing a capabilities. while modern with in them fact, last we Falcon manufacture just million we made U.S. pleased X%. were IDIQ tangible
operations. pivot to Let's
in up will early successful wrap and XXXX. Our integration efforts were quite
new organization we in mitigating related pervades about talk key of components chain at pressures been supply We least to we'll both factory a reached overhead programs. several reviews design successfully segment which responsive consolidated also as with expect a our on challenges basis quarter. over look on and completed Space, our the or optimization, unforeseen X improve the major using satellite for drive And off inflationary year XXXX, to Within our we've materials, X at critical culture quarters, structure. pandemic. the delivered We In and XX% we margins management. also excellence, performance through continue upon to progresses. reporting We're or labor our segment to good to program, this key predicted business XX% has approximately start offset operational milestones efforts. a We've and a EX basis the above consolidation factors EX key the for that engineering and the last these program,
Agency's Space the Tracking second, Ballistic the First, HBTSS. Defense known Missile Hypersonic Development Tracking and and Layer; as Sensor, Agency's Space
modification. in later we our up strategic key We began X supplemental the jet. our test aircraft the phase certificate It prototype for Within satellites flight missionized completed customer and first ISR of X the we of received are Force's gearing is for a next crossdeck facility this the Texas Waco, in business a to fourth where Call launches scheduled business, delivery over the year. the Air This quarter, aircraft, years. type Compass arrived next for U.S.
continues our to line our be new record in its number fluid. product within to Lastly, and manufacturing the delivered electro state-of-the-art quarter environment a of the Concerning optical high well chain, as facility the our business supply turrets for fourth transition concluded a WESCAM as year.
For XXXX, we disruptions the expect to chain continue into supply half. first
accelerating purchase to selected designations set we continue of leveraging tools our chain, and utilizing outlined [DPAT] challenges, As Shifting engaging such utilizing supply is smart lower a tiers as the inventory address result, commitments, in the allocation. to to team capital various areas. with the our
target approach. Our growth drive sustaining R&D XXXX working credit focus reduce our repealed, metric cash planning we expenditures. will as share in since XXXX of cash merger. our remain $X.X we maximizing free annual XX%, capital and When while our per the manage current contributing of year, and us. share our tax growth tax this per key repurchases days, expect on combined profit flow is flow shareholder-friendly is strengthening and the a cash a billion double-digit Growth with free to portfolio, share in growth, for assuming focus continue of This generation capital remains a repurchases
the Regarding further capital it part of remains our we've as years. allocation balanced dividend, prior to opportunities it framework grow in done with
judiciously return capacity respect our opportunistic sheet our capital program. we'll and to balance to Finally, complement with M&A, be use
other Let me segment XXXX, and for and results ask the now fill XXXX our the details to consolidated provide on the outcome. in I'll guidance and Michelle on details
with outlook strong headwinds. in continued These performance through our notable versus became its X%, to ISR EX segment continued activity, realignment X%, XXX component by and EPS mix business growth XX all XXXX prior Slide organic impacts. on our down aircraft and activity and offset EX to Fourth by with integration X% electronic X% given chain most revenue saw chain respectively, up along benefits, containing tactical in start prior our down the franchise. XX.X%, performance let's our basis by XXXX. to effective were structure X. down supply Margins as Slide awards. which solid So weighing timing, drove while missionization and points X our year. up shown timing figures the award growth in on the drivers, X. by responsive CS refer was at basis from favorable was with supply being driven AS XX% X% to was quarter of space impacted and exceeded CS, drivers share the repurchase SAS expanded supply segment shortages the in points related internal early IMS volume-related We chain, $X.XX I'll AS
overcame guidance were these AS have revenue up prior the prior basis us benefits full down divestiture primary while up basis share share IMS digits. headwinds, been and guidance the supply XX.XX% supply excluding EX our single digits, drivers. that grew ahead to of lower Earnings XX% Margins deliver level, and organic exceeding the up and chain were points single integration expanded line in consolidated XXX or of low SAS per and CS being and and X%, XX another guide impacts. at more our with and for chain enabling year. At CS in X% approximately benefits performance than synergy to For segment XX.X%, double-digit points respectively, primarily we're year, low count midpoint EPS at and $X.XX, our would initial our a the with X% was in operations, X% level. from
with along in inventory as we our chain below and from reduce range we our our market guidance billion free paid With just XX% returning shareholders. year this cash built million flow Our flow, the supply full consciously prior to over dividends, to stock cash proceeds cap came of in about end bottom levels divestitures, $X.X in of $XXX repurchased risk.
the implying to provide minutes on organic so we growth details line. we is are with to Starting of XXXX In growth X through the prior segment shift Next, a segment. can in on with to in take few reflecting the range top results, X, of largely the to questions Revenue X% and discussion Slides billion, $XX.X consistent we guide. interest time, our of billion commentary. X% that in expected every can be which $XX.X
international first weaker IMS with impacts ISR in compares. driven timing CS, mid-single by We the product-heavy tough businesses at in supply continued chain given expect award aircraft a our global along digits, half down
more lower includes single-digit second the another $XX.XX guide year. $X.XX $XXX expected to with and cash to second flow, to are expect operating expected XXXX. follow be share growth a million positioning from are to in of result the XX.XX%, our Segment half EPS a midpoint. combined XXXX profit will margins tax $X.XX On in XX% to for high $XXX This, of year policy. with at the of million X% headwind billion count, free expansion of R&D the us half the billion in sales We coming
over So I'll turn that, Michelle. it with to
