“We anticipate that all of our yards are now well positioned for slow, but steady incremental margin growth over time with fewer perturbations.”

In context

“ard and continued positive performance at NASSCO. Year-to-date, Marine revenue of $6.8 billion is up 12.1% and earnings of $477 million are up 7%. As I noted a moment ago, although the supply chain is improving in places, EB continues to be impacted by late deliveries from the supply chain, which both delay schedule and impacts costs. At a sequence work on multi-ton modules is time-consuming and expensive. Our strategy, as you know, has been to increase our productivity to somewhat offset that impact. To that end, throughput, a significant measure of productivity, continues to improve, hiring is good and attrition is lower, so all good signs. In summary, we are starting to see some momentum build in our shipyards to meet the delivery and repair requirements of our customer, the U.S. Navy. We anticipate that all of our yards are now well positioned for slow, but steady incremental margin growth over time with fewer perturbations. Finally, Technologies. The group had another good quarter with revenue of nearly $3.3 billion, up 2.5% over the year ago quarter and operating earnings of $320 million, up 13.1% on a 90 basis point improvement in margin. This nice improvement in operating performance was across both businesses. GDIT margins increased 40 basis points, emission systems margins were up 130 basis points as they continue to recover from supply chain impacts experienced in 2023 and before. Sequentially, revenue was up $81 million or 2.5% and operating earnings are up 8.5% on a 50 basis points improvement in margin. And the story is much the same for the year-to-date with revenue of $6.5 billion, up about 1%, and operating earnings of $615 million, up 5.7% against the first six months of last year. As a result,”