Overview
- Revenue rose 10.6% to $12.907 billion and diluted EPS reached $3.88, topping consensus on both metrics.
- Quarterly orders totaled $19.3 billion for a consolidated book-to-bill of 1.5, lifting total estimated contract value to $167.7 billion, including $109.9 billion in funded backlog.
- Aerospace led performance with revenue of $3.234 billion, up 30.3% year over year, and a 100-basis-point margin expansion to 13.3%.
- Operating cash flow came in at $2.1 billion with non-GAAP free cash flow of $1.897 billion, ending the quarter with $2.5 billion in cash and $8 billion in total debt.
- Shares traded higher following the release, as investors responded to stronger margins, robust bookings, and broad segment execution.