“So at least for the foreseeable future, we see nice steady growth in Combat.”

In context

“s very much. Operator: We'll move next to Peter Arment at Baird. Peter Arment: Hey good morning Phebe. Phebe, maybe just to focus on Combat, you guys have had really strong growth through the first three quarters of the year, and you're obviously -- your profit margins reflect a lot of really good execution. Just how are you thinking about just kind of the long-term visibility here, how big of a business do you see in terms of the bookings environment, you mentioned Middle East and Europe, maybe just describe, I think, how you're seeing the visibility on Combat? Phebe N. Novakovic: So our book-to-bill and backlog supports nice growth. The unfortunate threat environment also continues to drive demand. And we see our pipeline is pretty robust, but domestically and outside the United States. So at least for the foreseeable future, we see nice steady growth in Combat. [Multiple Speakers] with good margin performance. Peter Arment: Yes. Then my follow-up is on the margin front, I mean almost 14% for the first nine months. I mean, is there opportunities to further enhance margins, I know there are some limits here and mix is a factor, but you've got a lot of growth and a lot of us are just focused on kind of what actually this business can generate? Phebe N. Novakovic: So historically, this -- when we've talked about this before in previous calls over the years, this tends to be a 14.5% margin business given some margin variability quarter-to-quarter, again, largely driven by mix. And I suspect that will continue in that range. Again, some margins will be better. Could we make long-term incremental structural improvement in that. I don't see that at the”