Noah Poponak

“So the new shipbuilding range, revenue range implies the back half 3Q and 4Q combined are kind of flat year over year. Maybe you can help us out with why it'd be flat in the back half versus the double digit growth in the first half.”

“Last quarter when you provided the initial 2026 outlook, look, I think we were all a little surprised at a low growth rate in shipbuilding revenue, given what happened in the second half of last year and the funding environment and everything going on with shipbuilding.”

“Chris, on the surface, the high rate of organic revenue growth and new order bookings growth in the quarter makes the reiteration of revenue guidance look a little conservative.”

“And Lisa, on aviation, your discussion around, you know, investing in, you know, supply chain and manufacturing improvements suggests a view that supply should be higher.”

“Scott. our next question is from from golden sacks your license please go ahead hey good morning guys right now so i guess you know if i kind of zoom out and look at the shipbuilding margin um it's kind of flattish through 2025 i mean it's actually down sequentially a little bit through 25 26 guidance kind of flattish…”