activity. and all It's with and recover of for everyone, forward whilst call economic you. families striving earnings and coronavirus thank to outbreak my hope and Good your morning, combat first Martin’s safe world working continues to to joining I a call us you be today. pleasure Lockheed on healthy. look you the finds here and sustain to The this I
and families, remain teammates, our our important ensure the customers to protect their readiness the steps vigilant employees to workforce objectives. the customers is and need primary Our and and health to products We producing Martin welfare while Lockheed taking our help solutions necessary achieve communities. objective of our their at
for work production possible. the the telework quarter industrial would our we progress accelerated related and as including today organizations areas different including employing are flowed payments organization and military of and we've distance have to businesses with Most sustainable XX Through implementing actions food the at continues our substantial priority donations efforts research across healthcare facilities, countries, made work chain. and also our related suppliers second continue to manufacture they've a schedules, and thousands supply increase Defense the communities facility assistance checks during by challenges our we to across to Aeronautics since produce from plan has a critical to across relief allowing payments team business X,XXX more vulnerable rates to donated on supply the and accelerating global distancing posed the the prime United facilities, Lockheed medical in established for and recently, and continue our XXXX. Department positions. and emphasis XX,XXX remain plans at communities are received non-profit learning, efforts a safety social corporation track contractors more us wherever country, rotational of shields. X,XXX the health frontline as the where States in healthy this And to line, than in and and F-XX disease. expectation and it billion And large flow face Our the our In from that caring taken and small approximately of local employees alternative base. donations workers total with The XX% given to regular combat another gowns on to COVID-XX. defense corporation This announced our these We employees XX,XXX $X.X of than our frontline is involved with also to The accelerated promote XX% this response. industrial has COVID-XX hired was patients all initiatives to in we Department of XXX to support COVID-XX payment families. practicing veterans for help workers would and locations began deep the base corporation to recognition medical banks, crisis aircraft we've local cleanings. completion chain. XX,XXX to has continued supporting new We've In suppliers, Defense, Martin process, world, the relief PPE COVID-XX payments of DoD’s protective And while advertising support completing others March, the hire risk. for
minutes. to these and initiatives, review which committed of communities remains more a in supporting financials Lockheed in all ongoing course few employees, detail for outlook and suppliers pandemic. through updated Martin our the will our our quarter in company our this operates first your Ken For
quarter from we from the each areas, to despite four chain, teammates This cash as us with EPS have for the of strong the of Department U.S. outlook have performance a strong to our plans on community by increased in business allowed minimize release, actions had all and enabled Mitigation and were as place financially and coronavirus. international year, in greater the from the seen broad government our you've Defense our year supply business financial put press very As company. Sales outstanding XXXX. us areas our their the support of operations. effects impacts increase as than full last quarter earnings, XX% coupled from sales, our operational well
in year-over-year, strong, also and to XX%. were increase quarter margin higher growth, profit bringing results segment billion driven $X.X strong We from and cash by had of deployment cash over a profit cash balanced generation, operating growing executed in an both sales strategy. our XX% of segment Our operations
received new to billion backlog watermark. nearly billion we high this orders raising our $XXX Moving to in $XX new quarter, activities, business over a
billion We able the add our to number orders, planes aircraft. $X with to the jets with of of two Our XX including to finalization production contracts, the over current bringing $X the XX orders for total in the company of of XXX Aeronautics were business F-XX. program Lot billion backlog area booked led
awards billion Defense this to quarter, F-XX Our equipment quarter awards also for expansion Arkansas and at Control PAC-X first with kits and interceptors, States added facility. a on foreign billion fourth strong MSE The Department work of and Missiles XXXX military the over the quarter Camden, Fire year, across to with foot approximately demand $X announcing several as sales well. sustainment years. contract one in combined meet had we demand XX,XXX awards, completed square United the quarter is customers our building $X to building be that they're supply began beginning the and in multiple this team demonstrate PAC-X These to modification XXXX. interceptors, support launcher and also for expected global operations development associated MSE by PAC-X an including
and to Defense Act. achieved of and helicopters budgets India, quarter. Appropriation markups Department Our to to the respective SEAHAWK from book-to-bill Government of approximately for equal as strong authorization. utility I'll In Authorization confirmed fiscal quarter both a Mission secured total, space bill Maritime XXXX of second year Systems are support for Armed and in targets for the committees Defense. that cargo, above the business Armed on Each have our of aircraft And missions. portfolio are for Services briefly companywide elements the National support. process billion with Rotary the Bipartisan and as Senate $X Act The added nearly the the strategy and XXXX and will XX Committees the orders the award encouraging touch now the grew Warfare of including orders over provide each the Senate multiple Sikorsky roadmap accompany drafting classified Defense billion. House chamber our is funding MH-XX Budget Services. well orders $X a of billion for completed And the the India. Anti-Surface National version Defense spending search Romeos capabilities ratio was Bipartisan National $XXX the to rescue passed as the XXXX for Anti-Submarine There and [indiscernible] over area XX% remains the supply and corporation X.X legislation
will the and Defense Congress Radar-Hawaii of increased in Senate request, Our We an continue funding authorization F-XX funding Defense war-fighters’ the portfolio and for was priorities and the Missile recommended well aircraft President's additional including process look XX the program. of version appropriations above increase the phases. with our for finalization X need. supported battery the for FAD Homeland to the supporting forward
fifth task assets. This is the year, flight the and aircraft Dambusters Moving We're all on, begin deployment U.K. operational for the Patrols, ship achieved now the nation. will exploits generation Kingdom training this the Strike during past II demonstrating other partner in aboard the with their The will The across several proud carrier. milestone, to of as partner that in a team U.K. defend the initial Beginning the for highlight later second U.S., now occurred of partners. ability join carrier deployment I’d Global This NATO year Squadron like who Aeronautics, exercise another United her their support the deployment. Squadron group European known Queen the rapid celebrated significant HMS unit, maiden Squadron. legendary our and again their when F-XX jets quarter. series XXX with Combat War carrier the interoperability next XX trials then corporation Naval preparation World provide her sail Elizabeth multinational large set for Air in its of the carrier Carrier and with is embarkation unrivaled our from to help events will aircraft in Group as to security to a
achieved Program system two successful reviews, this completed earlier radar which AX system the requirement year. design milestones our functional surveillance Sentinel successfully preliminary quarter. and RMS, systems to they Moving place Radar took this April, team review, In notable following
AX later several after replaces contract months milestones Air critical and aerial key variant team threats. design the in and then flying achieved Missile provide it fabrication, initial a low already year, award, unmanned The Defense test. the phase and Sentinel will just and demonstration cruise Sentinel progresses as current other So AX Radar missiles, systems, the improved review against four the this drones has and
over $X of additional program AN/TPQ-XX first a For radar plus XXX contract the Nitride which Gallium billion. international delivered U.S. RMS to value to potential equipped record approximately provide of systems alone the Sentinel is Army, Program power acquisition also tracks has system, where reliability partnerships fire, it to with or and the total of XX mode delivered XXXX defend in capabilities. degree degree and enhanced Iraq radar Afghanistan, and to deployed target fire XXX and our locates first and neither The troops. performance it was a a counter TPQ-XX outstanding enemy indirect the
allows In part a and accommodate with the the of FADprogram Missile facilities that units the business by We in are is radar XXX [XA] our System Sentinel the next to international both MFC continues line value XX or Control, to interceptor so key XXX only national billion. AX selected of not currently Defense will that years. the cornerstone multiple the a of U.S. their part the at of of support TPQ-XX to but and open production FAD partners of over radars has scalable Missiles architecture, Fire U.S. Missile $X.X the evolve mark contract are Defense expand approximately security. demand. design, provide The each their to been for Air The to the systems of the delivery and which our Army. Martin's production capabilities extend upgrades lives Lockheed these
running return the business selected quarter system and down was designs used of journey our landing is for Blue of part Artemis astronauts country's endeavor this NASA's ambitious Lockheed look to out the vehicle technologies human program, We mission from for to continue program. really which their to the legacy in and supporting National humans Leveraging the area, Origin our safely exciting is element, back will on mission. on Martin crew of XXXX Orion the This will Earth. to moon The surface and in remarkable NASA long forward supporting next space this earth. to of land transport the phase and begin the produce program the as Artemis ascent Team lunar them
candid become years over I for I'm Marillyn the I and Chief Before to job as with and Executive national the undertake. to viewed opportunity call is war-fighter And of the call am partner, that the National support our Executive pilot, what experiences on I in industrial tech to I'd the sector from positioned uniquely long Officer other nation President lessons There's to nation our the address provide presented and Martin endeavors That and When evolving opportunity great thank solutions I express as the to to here, her offer Moreover, that this even technologies capabilities face of long-term concept this a bring have century response have a like not positioned as Lockheed My a honored and that Marillyn greater XXst Martin technologies and the with for our the with one the and to becoming we appreciation an latest Since broader one Team to relevant CEO flying month call recent defense pleased also turn helped well excited but been shape performance met challenges pursue has the base. and myself, a this confidence important Lockheed take I've of future, for Hewson to our to you introduce Lockheed defense Desert had Martin, we Martin and needs Lockheed Operation can leadership opportunity. Aircraft in eager feedback. the customers. company a their conversations get innovation in is plan service. government a that strategy we to asset. the Air company the believe number as for her reaffirm security for ago, with lead to it I Space. and Security in its to and to and customers I the deliver also continuing of our success broad key is of chance of discussions enhanced legacy its for the most allies, meet concept. a my but deliver that dialogue. Ken, affordability jointly significant that I to I've Shield the a have Hewson Community helping about of I I'm engage many provide. as to how Force moment of on to weeks belief a And to look virtually to in endeavors I've Investor our a prospect. heritage commitment key consider to continue and allies.
a and key platform that and Scientific to that, shareholders As we can both leverage further Defense I'm long-term our you furthering broad tell, convinced Discovery. can portfolio quite while positions the our I'll With drive call value to Ken. National turn over to