“We've been targeting mid-single-digit free cash flow per share growth. And we still see a path there.”

In context

“billion. You're returning 150% to shareholders, which is a big number. So you've talked about low single-digit growth and 11% margins for some time. So I just kind of wanted to know what's changed given the backdrop is seemingly better, is it just a budget uncertainty? Is it supply chain? Is it F-35? Maybe if you can just comment on that. Jay Malave: Well, not much has really changed, to be honest, we talked about low single digits for a while now. We - I talked about that in my prepared remarks. On the margins, underlying margin is generally flattish because we could be in a situation next year where we have multiple lots of the classified program, that could cause some variability. But that doesn't fundamentally alter what we've been really talking about. Same thing with free cash flow. We've been targeting mid-single-digit free cash flow per share growth. And we still see a path there. We know there are some headwinds, whether it's pension and the like, but we still believe that that we have a line of sight to be able to do that. And that's what we're going to be working through on a year-by-year basis since starting with 2024 over the next couple of months. We'll work through, solidify our plans, and we'll present them formally to you in January. Jim Taiclet: In the longer term, there are some things that are changing significantly. One is the global threat environment and the geopolitical situations getting more concerning and challenging. That's refocusing the U.S. and certainly our allies around the world on national defense in increasing manner. The second big trend that's going on is the continued evolution of both physical and digital technology at a rate never s”