−Removed: The following risk factor supplements the risk factors included in our Annual Report on Form 10-K for the fiscal year ended June 27, 2025.
−Removed: We are subject to risks from the continuation of the ongoing U.S.
−Removed: federal government shutdown.
−Removed: Our business is exposed to operational and financial disruptions caused by the U.S.
−Removed: federal government shutdown that began on October 1, 2025.
−Removed: The ongoing U.S.
−Removed: federal government shutdown may result in us experiencing delays or decreases in customer orders with the U.S.
−Removed: DoD or with our prime contractor customers or potentially the suspension of work on contacts in progress or in payment delays related to the funding status of different programs.
−Removed: The shutdown has also slowed the processing of export licenses by agencies such as the Department of State’s Directorate of Defense Trade Controls and the Department of Commerce’s Bureau of Industry and Security.
−Removed: These export license delays could hinder our ability to fulfill international orders and potentially subject us to increased costs for liquidated damages or other penalties for late deliveries.
−Removed: Given the indefinite nature of the current shutdown and the absence of a clear resolution timeline, we anticipate continued volatility in the federal contracting environment.
−Removed: If the shutdown persists for an extended timeframe, it could materially and adversely affect our results of operations and financial performance.
+Added: You should carefully review and consider the information regarding certain factors that could materially affect our business, financial condition or future results set forth under Item 1A (Risk Factors) in our Annual Report on Form 10-K for the fiscal year ended June 27, 2025.
+Added: There have been no changes from the factors disclosed in our 2025 Annual Report on Form 10-K filed on August 11, 2025, although we may disclose additional changes to such factors from time to time in our future filings with the Securities and Exchange Commission.
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.