Quarterly guidance

Quarterly guidance
No quarterly guidance was given.

Annual guidance

Sales
$80 billion to $82 billion
Segment operating profit
$8.575 billion to $8.675 billion
Cash from operations
$10 billion to $10.2 billion
Free cash flow
$7.8 billion to $8 billion

Outlook

Munitions growth
The company expects mid-teens sales CAGR over the next 5 years for the Missiles and Fire Control segment.
Revenue growth
Management sees clear line of sight to high single-digit revenue growth for the company in 2027.
Segment performance
All 4 segments are expected to grow on a top-line basis in 2027.
Pension
A pension contribution in excess of $1 billion is expected to be required in 2027.
Tax
The tax benefit received this year is expected to provide a slight tailwind in 2027, though less than in 2026.