Northrop Grumman Corporation (NOC) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day, ladies and gentlemen, and welcome to Northrop Grumman's first quarter 2025 conference call. Today's call is being recorded. My name is Josh, and I will be your operator today. At this time, all participants are in a listen-only mode. I would now like to turn the call over to your host, Mr. Todd Ernst, Vice President, Investor Relations. Mr. Ernst, please proceed. Thanks, Josh, and good morning, everyone. Before we start today, matters discussed on today's call, including guidance and outlooks for 2025 and beyond, reflect the company's judgment based on information available at the time of this call. They constitute forward-looking statements pursuant to safe harbor provisions of federal securities laws. Forward-looking statements involve risks and uncertainties, including those noted in today's press release and our SEC filings. These risks and uncertainties may cause actual company results to differ materially. Today's call will include non-GAAP financial measures that are reconciled to our GAAP results in our earnings release. In addition, we'll refer to a presentation that is posted to our investor relations website. On the call today are Kathy Warden, our chair, CEO, and president, and Ken Kruse, our CFO. At this time, I'd like to turn the call over to Kathy. Kathy? Thanks, Todd. Good morning, everyone. Thank you for joining us today for our first quarter earnings conference call. A lot has happened since our last call in January, So we're looking forward to providing you an update on the quarter and our expectations for the year. We are operating in a rapidly evolving world, and we are managing through a dynamic U.S. defense budget environment with a first of its kind full year continuing resolution. Within this environment, we continue to see strong d...