11 unchanged sentences
In certain circumstances, we are exposed to foreign currency risk.
−Removed: We enter into foreign currency forward contracts to manage a portion of the exchange rate risk related to receipts from customers and payments to suppliers denominated in foreign currencies.
+Added: We enter foreign currency forward contracts to manage a portion of the exchange rate risk related to receipts from customers and payments to suppliers denominated in foreign currencies.
We do not hold or issue derivative financial instruments for trading purposes.
2 unchanged sentences
INFLATION RISK
−Removed: The global macroeconomic environment has experienced extraordinary challenges, including the highest rates of inflation in 40 years.
−Removed: The company, its subcontractors and other suppliers, have experienced, and continue to experience, increased pressures from heightened levels of inflation and the challenges of the current macroeconomic environment, which we have not been able to fully mitigate on a number of our fixed-price contracts, in particular on the LRIP phase of the B-21 program at Aeronautics Systems.
−Removed: We cannot predict how long these inflationary pressures will continue, or how they may change over time, but we expect to see continued impacts on the global economy, our customers, our industry and our company.
−Removed: If inflationary pressures continue to persist, they may continue to have an adverse impact on our consolidated financial position, results of operations and/or cash flow.
+Added: The global macroeconomic environment has experienced extraordinary challenges in recent years, including the highest rates of inflation in 40 years.
+Added: The company, its subcontractors and other suppliers, have experienced, and may in the future experience, pressures from heightened levels of inflation and challenges from the macroeconomic environment.
+Added: Certain of our fixed-price contracts include economic price adjustment (EPA) clauses to help protect the company against inflationary pressures.
+Added: However, these EPA clauses may not be able to fully mitigate adverse impacts of rising inflation on the company’s financial position, results of operations and/or cash flows.
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.