“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.”

In context

“ovakovic: 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 moment, but there's always opportunity. So we'll continue to pursue this. As I said, this is a -- this has always been a very high operating leverage company. So -- and groups of company, the three of them. So I think we'll continue to see both nice growth and good earnings expansion. Operator: We'll take our next question from Ron Epstein at Bank of America. Ronald Epstein: Good morning. So maybe back to the supply chain. If we look at the supply chain for the shipyards, I mean, we all kind of know that's been an issue. And if we look at the land systems business, I mean it's growing. Do you worry about the supply chain there and I guess, broadly, what has the s”