Controls and Procedures
−Removed: We performed an evaluation of the effectiveness of our disclosure controls and procedures as of March 30, 2025.
+Added: We performed an evaluation of the effectiveness of our disclosure controls and procedures as of June 29, 2025.
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 30, 2025.
−Removed: There were no changes in our internal control over financial reporting during the quarter ended March 30, 2025 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 29, 2025.
+Added: There were no changes in our internal control over financial reporting during the quarter ended June 29, 2025 that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
Forward-Looking Statements
8 unchanged sentences
• risks related to the development, production, sustainment, performance, schedule, cost and requirements of complex and technologically advanced programs, including the F-35 program;
−Removed: • planned production rates and orders for significant programs, compliance with stringent performance and reliability standards, and materials availability, including government furnished equipment;
−Removed: • the timing of contract awards or contract definitization, achievement of performance milestones, customer acceptance of product deliveries, and receipt of customer payments;
+Added: • planned production rates and orders for significant programs, compliance with stringent performance and reliability standards, and materials availability, including government furnished equipment and rare earth minerals;
+Added: • the timing of contract awards or contract definitization, decisions by government customers to impose contract terms following undefinitized contract actions, achievement of performance milestones, customer acceptance of product deliveries, and receipt of customer payments;
• our ability to recover costs under U.S.
1 unchanged sentence
• customer procurement and other policies, laws, regulations and executive actions that affect our and our industry’s, programs, future opportunities, and financial performance, including those relating to mission priorities, competing domestic and international spending, contracting terms (such as fixed-price requirements), treatment of contractor performance issues, and contractor access to competitive opportunities;
−Removed: • performance and financial viability of key suppliers, teammates, joint ventures (including United Launch Alliance), joint venture partners, subcontractors and customers;
+Added: • performance and/or financial viability of key suppliers, teammates, joint ventures (including United Launch Alliance), joint venture partners, subcontractors and customers;
• economic, industry, business and political conditions including their effects on governmental policy;
2 unchanged sentences
• foreign policy and international trade actions taken by governments such as tariffs, sanctions, embargoes, export and import controls, buying preferences, and other trade restrictions;
−Removed: • our success expanding into and doing business in adjacent markets and internationally and the risks posed by international sales;
+Added: • our success expanding into and doing business in adjacent markets and internationally and the risks posed by international sales, including potential effects from fluctuations in currency exchange rates;
• changes in non-U.S.
−Removed: national priorities and government budgets and planned orders, including potential effects from fluctuations in currency exchange rates;
+Added: national priorities and government budgets and planned orders;
• the competitive environment for our products and services;
6 unchanged sentences
• changes in pension plan assumptions and actual returns on pension assets;
−Removed: cash funding requirements and pension risk transfers and associated settlement charges;
+Added: cash funding requirements and pension annuity contracts and associated settlement charges;
• realizing the anticipated benefits of acquisitions or divestitures, investments, joint ventures, teaming arrangements or internal reorganizations, and market volatility affecting the fair value of investments that are marked to market;
20 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.