Kristine Liwag

can you share your thoughts on how you think about the Boeing portfolio today, your priorities for M&A

what surprised you most in your year 1 at Boeing? And where do your priorities lie for 2026

are there things that General Dynamics could do to capture more of this growth sooner. It seems like there's more of an urgency to rebuild our Navy

can you talk about the opportunities for that and is there a way for you to capture more of that smaller end market

we're also seeing a notable step-up in the unfunded backlog. I was wondering if you could provide more color on what's driving this

can you talk about what's the potential size of savings you could provide with the new approach

how the deliveries of these newer jets are affecting the older pieces and how you expect that to play out regarding pricing

where are there additional areas that you want to expand? Or are there areas that you want to prune

Can you just take a step back and provide us more color on what the competitive landscape is like for turbines and IGT? How differentiated is your technology

as you look around the industry to see where bottlenecks are for the Boeing and Airbus ramp-ups, what do you monitor as potential canaries in the coal mine?

Are you seeing the orders materialize from customers to make sure that they can meet all of those products?

how should we think about incremental margins for the company once we do get to the 50-plus per rate per month for the 737 MAX and 10-plus per month for the 787?

could we see a period where you could return 100% of excess free cash flow to shareholders?

should we continue to see long-term agreements similar to what was announced on PAC-3 and THAAD

the F-35 role in Modern Warfare and your outlook for production and sustainment

How do you think about technology disruption? Are there areas where you still see yourself as light speed ahead of industry? And how do you view your role within the broader defense innovation ecos...

Can you talk more about the pricing and expected margin of this?

Can you level set us on the F-35 as a program today Where does it fit in modern warfare

what are the underappreciated risks of tariffs in your business? And Evan, as a new CFO, what are your priorities as you navigate this environment?

With the potential down-select in August for this program, can you discuss how you think about Northrop Grumman Corporation’s positioning

Rare Earths continue to be a watch item for the industry. Can you talk a little bit more about your sorting strategy, how to mitigate supply chain risks

for the FAXX and the B-21 acceleration, can you provide more color on what that could mean for your 2026 outlook and what's included

which three programs are you most excited about today? The change versus maybe where expectations were a year ago?

How do you make sure that Northrop Grumman would have a long-term foothold in these markets once local capabilities catch up

where you see Northrop Grumman Corporation's strategic strengths are in AI versus commercial players or new disruptive players

what milestone should we watch for to track the risk retirement of the program? And regarding the macro environment, you put in for the charges

can you talk about how you're thinking about the solutions you provide in these higher-volume but cheap drones, especially when we think about the future of warfare

are you thinking about the portfolio composition and potential monetization for shareholders given, you know, the recent move from one of your competitors where they're carving out emission solutio...

Can you level set us regarding the run rate you're currently producing and how we should think about incremental margins on these programs

should $10 billion be the minimum free cash flow in 2027 and beyond.

are you having any discussions about that? And are you seeing incremental demands from international orders from this?

a lot of the primes have called out some of the sole source providers in the supply chain as creating bottlenecks

How conservative is your defense outlook?

can you give more color on your content in this program and how does this compare to your content on other fighter programs

can you talk -- give a little bit more color regarding the bidding process?

can you give us an update regarding the competitive landscape?

are there priorities that are different than what Kevin had previously looked at, and how do we think about this transition?

When you said $0.5 billion, is that encompassing all of your defense exposure to Europe? Or is that specifically only on the drone exposure

Can you talk more about how you balance cost, speed, autonomy with the performance that the DoD wants today

can you talk more about how you're thinking about potential capital allocation within that core business

When you look at the portfolio today, do you intend to grow or prune? Where do you see incremental opportunities

can you give us the lay of the land of how to think about your offering, where you see your strengths are, and how you think this market evolves

I wanted to check with you to see if this management change also signals a reevaluation of the portfolio once again and how you think about it now

How has been the customer reception of this aircraft? And are you expecting this to enter into service this year

do you see this as an opportunity to gain market share? Or is this an opportunity to get more price and also get more margin

are you seeing any early indication of increased demand from corporate clients who may want to reshore manufacturing

Can you talk about the demand environment, customer profile, pricing, and whether you'd expect this strength to continue