Thanks, Jason.
year. segments, appropriate in the and to the guidance the let full the business other Now of continue provide as and context quarter color review for me
aircraft quarter Aerospace. was less higher volume, additional a million, margin. more Jet in Aerospace the deliveries, operating earnings of new coupled had with center $X.XX Gulfstream XX.X% and on Aviation's year's $XXX Revenue strength million volume completion than First, service billion of offset partially revenue second with $XX operating of last center. by
are issues. deliveries planned XX result The of modestly fewer are and a than supply chain
second significant are to the predictable still work.
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mentioned a X.X% and improvement and help should half. we operating second the revenue that X.X% in we through As go in on Sequentially, here, earlier, Aerospace increase identical as increase see margins. earnings had a operating
Gulfstream overall Aerospace activity aircraft quarter. continues a to large program Moving Asia alone. The were a and demand dollar for led The U.S., and aircraft sales very to and evident way program had to very Mid-East particularly test lesser of with in and X.X:X the good design, the terms book-to-bill manufacturing Vibrant mature. the pipeline the the higher in participating degree.
The XXX even progress. replenishment a strong and environment. are with flight corporations, certification quarter
brief in major complete FAA-type and to we our path. more we the quarter are insight, To inspection a will However, little you see we in a we fourth finished, required be flying the by now FAA do authorization target This pursuant That our portions no obstacles FAA period review. to certification is September. give in are flight fly followed confirmatory some will and results. a requirement by verify paper tests FAA plan. followed our When of will of submission, to
fourth quarters. increase progress of GXXXs now making now We quarter. rapid good That fourth planned considerable expect third and deliver of aircraft deliveries. In we we circumstances. the number know, most the third short, As XX had you in in to difficult a into with deliver fourth quarter, the under the quarter has are to flipped in
fewer deliver the X to expect aircraft the year. we we X However, beginning than XXX at to of the forecast
initially more more hand, remarks. On service in expect have the we on anticipated. I'll this my later than revenue other
are revenue each had Margins Earnings the XXX year-ago over ago quarter. of a the Next, a of growth quarter basis XX% Systems. of point XX.X% billion, over X.X%. year $XXX with the up in Combat $X.XX million represent reduction up business at Combat stunning units.
artillery coupled the OTS over Systems. vehicle European revenue performance, programs government. we U.S. programs capacity result at These margins, will part time. has both production powerful attributable more also accretive margins at revenue in for came volume, Land but including program Systems in international to increase from So production The large in and mix. modest programs expand operating with to dilutive Land enjoyed carry saw higher margin more
X.X% and Year-to-date, or or is million million a are $XXX and up million revenue on or point reduction $XXX earnings sequential the reasons up revenue is or million $X basis XX.X%, margin for X.X% X.X%. earnings basis, up a in operating are XXX up On described. $XX
Orders book-to-bill, strong book-to-bill. experienced order International evidencing quarter the strong also in programs combat strong for to domestic performance. munitions demand resulted the in vehicles. very and a contributed We X.X:X also
first exciting for Combat. very a So half
billion all XX million, $X.X X.X%, growth. and Marine point positioned well We time, up now perturbations.
On demonstrating operating impressive year-ago is earnings earnings are of basis Systems. a against are was Turning up a operating growth. for to slow fewer $XX XX.X% growth shipbuilding the class degree, incremental XX.X% engineering with Once decrement margin. of a Systems basis, is or million group up Columbia with margin. Marine margin basis the Operating XX up a lesser anticipate $XX over drove yards our are revenue a steady the in point and, improvement our quarter. or in sequential on $XXX year-ago that but over construction again, million growth quarter, $XXX million million, T-AO $XX and revenue volume revenue to robust
$XX or $XXX up XX.X% For or the and X.X%. million earnings revenue first million are half, up was
half. So good first and a quarter
fewer a for to figures to repeat. So which give year. I'm I respect give you won't to There all will to this, on be or about website, Aerospace, with be are in service let me forecast January our of X be will the chart you aircraft activity. compared down to offset $XXX updated our however, which by forecast, In the million move stronger part X which all deliveries, is, revenue on The should almost our posted helpful. due
revenue So look of $XX.X billion. for
Systems Combat of XX.X%. previously from operating This to to and due million to than earnings have Defense $XXX to of an respect We down implies $X.X be also projected starts higher a XX.X% will margins the $XXX billion.
With million new increased threat to program projected revenue businesses, expect environment.
of will operating mix. around the up will forecast. revenue previous for XX down look earnings over on points total the from XX.X% XX.X% Margins be basis billion. be $XX All-in, to $X.XX million So
the should acceleration Marine yards. efficiency. revenue $X million is leading improving billion indicator or up on a work be throughout Systems $XXX of of This
$XX for margin Operating So be revenue forecast. million earnings we have $XX.X have over billion, the will the an you. to for reasons annual around previously the with described around should operating up year I X.X% previous
XX million than margin revenue be be guidance, will forecast. X.X%, $XXX operating than better but Technologies previously points to lower will $XXX basis million previous
expect of is earnings around basis here about the group, capture annual margin. steady prior operating XX with with guidance. There to for $X.X we $XX.X So revenue billion, XX points opportunity of billion, to some
guidance On XX basis, our we initial annual overall and points basis a company-wide lower. about higher an than operating see margin revenue
total I about down intends from look retire be that conclude guidance. from guidance the So items for share informed modestly below-the-line be around previous prior the to billion, has revenue should $X.X comments. Howard final same.
One earnings up my billion our year. guidance, count will later he leave to $XX.XX note before EPS Operating and lower but this company
call. last his So this will earnings be
I team. congratulating will the done. on you for We hope Nicole Shelton, done the over that taking the be call. some will well of job has of you in me know whom with many our joining are a excellent already, mantle work Howard grateful join third-quarter Howard since
concludes and That your happy be remarks, to will my take we questions.
