Controls and Procedures
−Removed: We performed an evaluation of the effectiveness of our disclosure controls and procedures as of March 26, 2023.
+Added: We performed an evaluation of the effectiveness of our disclosure controls and procedures as of June 25, 2023.
The evaluation was performed with the participation of senior management of each business segment and key corporate functions, under the supervision of the Chief Executive Officer (CEO) and Chief Financial Officer (CFO).
−Removed: Based on this evaluation, the CEO and CFO concluded that our disclosure controls and procedures were operating and effective as of March 26, 2023.
−Removed: There were no changes in our internal control over financial reporting during the quarter ended March 26, 2023 that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
+Added: Based on this evaluation, the CEO and CFO concluded that our disclosure controls and procedures were operating and effective as of June 25, 2023.
+Added: There were no changes in our internal control over financial reporting during the quarter ended June 25, 2023 that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
Forward-Looking Statements
3 unchanged sentences
Actual results may differ materially due to factors such as:
−Removed: • budget uncertainty, the risk of future budget cuts, the impact of continuing resolution funding mechanisms and the debt ceiling and the potential for government shutdowns and changing funding and acquisition priorities;
• our reliance on contracts with the U.S.
1 unchanged sentence
Government funding and can be terminated for convenience, and our ability to negotiate favorable contract terms;
+Added: • budget uncertainty, the risk of future budget cuts, the impact of continuing resolution funding mechanisms and the debt ceiling and the potential for government shutdowns and changing funding and acquisition priorities;
• risks related to the development, production, sustainment, performance, schedule, cost and requirements of complex and technologically advanced programs, including the F-35 program;
9 unchanged sentences
• the impact of inflation and other cost pressures;
−Removed: • the impact of COVID-19 or future epidemics on our business and financial results, including supply chain disruptions and delays, employee absences, and program delays;
+Added: • the impact of pandemics and epidemics on our business and financial results, including supply chain disruptions and delays, employee absences, and program delays;
• government actions that disrupt our supply chain or prevent the sale or delivery of our products (such as delays in approvals for exports requiring Congressional notification);
31 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.