Textron Inc.

Thank you, Emily, and good morning, everyone.

Before we begin, I'd like to mention that we'll be discussing future estimates and expectations during our call today. These forward-looking statements are subject to various risk factors, which are detailed in our SEC filings and also in today's press release. On the call today, we have Scott Donnelly, Techfront's chairman and CEO, and David Rosenberg, our chief financial officer. Our earnings call presentation can be found in the investor relations section of our website. Revenues in the quarter were $3.3 billion, up $171 million from last year's first quarter. Segment profit in the quarter was $280 million, down $10 million from the first quarter of 2024. During this year's first quarter, adjusted income from continuing operations was $1.28 per share compared to $1.20 per share in last year's first quarter. Manufacturing cash flow before pension contributions reflected a use of cash of $158 million compared to a use of cash of $81 million in last year's first quarter. With that, I'll turn the call over to Scott.

Thanks, Scott, and good morning, everyone. Overall, revenues were up 5% led by Bell, partially offset by lower revenues in industrial. During the quarter, aviation delivered 31 jets and 30 commercial turboprops compared to 36 jets and 20 commercial turboprops in last year's first quarter. Aviation operations continue to improve as the factory progressed toward pre-strike performance levels while ramping production. Textron Aviation's fleet utilization remains strong in the quarter, contributing to aftermarket revenue growth of 6% as compared to last year's first quarter. Aviation announced the sale of seven King Air 260 training aircraft that will be used to train pilots for the Royal Canadian Air Force. In February, the FAA announced certification of the GE Aerospace Catalyst Turboprop Engine, marking an important milestone for the Beechcraft Denali program. To date, the program has amassed more than 2,700 flight hours and crossed 1,000 flights with three test articles. At Bell, revenues were up $256 million, or 35% compared to last year's first quarter, driven by strong growth in both military and commercial product lines. On the military side, execution of the FLARA and strength in military support programs contributed to significant growth from last year's first quarter. As we progress through the PILAR program, the focus this year includes design maturation and deliverables towards subsystem and weapon system critical design review, our next major program milestone. On the commercial side, Bell delivered 29 helicopters, up from 18 in last year's first quarter. During the quarter, Bell was awarded a contract for five additional CMV-22 aircraft. This award extends production through 2027. Bell announced a purchase agreement with Air Methods for 15 IFR-configured 407 GXIs and an option for 12 additional aircraft, with deliveries expected to begin later this year. Moving to systems, revenues in the quarter were slightly lower as compared to the prior year, largely resulting from the cancellation of the shadow program in 2024. Strong execution in the quarter to over 13.5% segment profit margin, up 110 basis points as compared to last year's first quarter. During the first quarter, systems received a contract valued at up to $100 million from the U.S. Navy for support software development updates for its unmanned mine sweeping operations. Also during the quarter, systems delivered the 13th ship to shore connector aircraft to the U.S. Navy. Moving to industrial, we saw lower revenues in the quarter compared to last year's first quarter, consistent with our expectations, with segment profit essentially unchanged as cost savings from our previous restructuring activities offset the impact of lower revenues on segment profit. Within specialized vehicles, we have completed the previously announced strategic review of the PowerSports product line, resulting in the sale of the PowerSports business, including the already-kept brand and its operations. Also during the quarter, aviation successfully completed the first hover flight of the Nuva V300, a long-range, large-capacity, hybrid-electric VTOL unmanned aircraft. This milestone marks an advancement in the development of sustainable and versatile unmanned aerial systems. With that, I'll turn the call over to David.