L3Harris Technologies, Inc.

Hi, good morning, everyone. I'm Christine Liwag, Morgan Stanley's Aerospace and Defense Analyst. Thank you for joining our next session at 8.10 with L3 Harris, and welcome Ken Benningfield. He's SVP and CFO, and John Rambo, who's president of the Integrated Systems segment. So before we begin the disclosures, for important disclosures, please see the Morgan Stanley Research Disclosure website at www.morgansanley.com. forward slash research disclosures. If you have any questions, please reach out to your Morgan Stanley representative. So with that, I know, Ken, you've got your own set of disclosures to redo.

I've got an equally exciting reference to forward-looking statements. So today's comments will include forward-looking statements. And for risks and uncertainties related to those, just please refer to our SEC filings. And with that, it's great to be here. Thanks for having us. And we look forward to the conversation.

Great. So maybe, Ken, you know, L3 and Harris came together about five years ago. And during the integration, you've captured $650 million of cost savings, divested 10 assets, bringing the two companies together for a combined $2.9 billion in proceeds. Last year, there's also an announcement of a company transformation, the LA Checks Next campaign. I guess the question that we're fielding from investors is, What's the impetus behind this new initiative after you've gone through five years of integration? And why now? And what are really the key achievements that need to be accomplished at this point?