Item 1A. Risk Factors
Item
1A. Risk Factors
Our business, financial condition and operating results
are affected by a number of factors, whether currently known or unknown, including risks specific to us or the aerospace and defense industry
as well as risks that affect businesses in general. In addition to the information set forth in this Quarterly Report on Form 10-Q, you
should consider carefully the factors discussed in Part I, Item 1A, “Risk Factors” in our Annual Report on Form 10-K for the
fiscal year ended December 31, 2025, filed with the SEC on March 31, 2026. The risks and uncertainties disclosed in such Annual Report
could materially adversely affect our business, financial condition, cash flows or results of operations and thus our stock price. During
the first quarter of 2026, there were no material changes to our previously disclosed risk factors.
These risk factors may be important
to understanding other statements in this Quarterly Report and should be read in conjunction with the unaudited condensed
consolidated financial statements and related notes in Part I, Item 1, “ Financial Statements ” and Part I, Item 2,
“ Management’s Discussion and Analysis of Financial Condition and Results of Operations ” of this Quarterly
Report. Because of such risk factors, as well as other factors affecting our financial condition and operating results, past
financial performance should not be considered to be a reliable indicator of future performance, and investors should not use
historical trends to anticipate results or trends in future periods.
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