Says converting backlog into revenue at "accelerating rate." Says defense budgets on the rise, meeting customer needs. Expects to grow international business over next few years. Says well-positioned for growth in 2023. Expects solid margins, strong free cash flow growth in 2023. Expects to return at least 100% of adjusted free cashflow to shareholders in 2023. Expects Space Systems to be fastest growing business in 2023. Expects 1Q sales to represent 24% of FY guidance. Expects 2024 & 2025 growth driven by: Operational performance; Lower R&D cash tax payments; Higher CAS recoveries: Lower Capex, particularly in 2025. Comments taken from Q4 earnings conference call.
Published first on TheFly
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