L3Harris Technologies, Inc.

Greetings. Welcome to the L3 Harris Technologies first quarter calendar year 2022 earnings call. At this time, all participants are in listen-only mode. Today's call will be focused on questions and answers following brief opening remarks. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. As a reminder, this conference call is being recorded. It is now my pleasure to introduce your host, Rajiv Lawani, Vice President of Investor Relations. You may now begin.

Thank you, Rob. Good morning and welcome to our first quarter 2022 earnings call. On the call with me today are Chris Kivesic, our CEO, and Michelle Turner, our CFO. First, a few words on forward-looking statements and non-GAAP measures. Forward-looking statements involve risks, assumptions, and uncertainties that could cause actual results to differ materially. For more information, please see our investor letter and SEC filings. A reconciliation of non-GAAP financial measures to comparable gap measures is included in the investor relations section of our website, which is l3harris.com, where a replay of this call will also be available. And as a reminder, at the start of the year, we began reporting our results in our realigned three-segment structure that shifts pension items to the corporate level. With that, I'll turn it over to Chris for a few comments.

Okay, well, thank you, Rajiv, and good morning, everyone. As you saw, we released our results after the market closed yesterday in our new streamlined format. You know, we're always looking at ways to improve and challenge the status quo. So instead of issuing a press release at 7.30 this morning and have Michelle and I read prepared remarks, which were very similar to the press release and maybe with some added color, and then having you follow along with our web charts, which are just a graphic depiction of what we were going to say anyway. We thought we'd try something new and come out with what we're calling our investor letter and putting everything in one document. And that allows us all the time today to focus on the questions and talk about what is what's on your mind. So just real quickly, the first quarter results are consistent with our prior commentary of a back half 2022 weighted revenue and margin plan. This will also be the case with our free cash flow as well. And for the full year, we're reiterating our guide across the board as we continue to advance our strategy in a dynamic environment, whether it's from the pandemic or the global threats in Eastern Europe and elsewhere. So before opening the line to questions, I'd like to express our steadfast support to the people of Ukraine. I think we all agree their unwavering strength and resilience are a motivating force behind our mission here at L3Harris. So with that, Rob, let's open the lines for questions.