I-Motley Fool yasekwa ngoobhuti uTom noDavid Gardner ngo-1993. Ngewebhusayithi yethu, iipodcasts, iincwadi, iikholamu zamaphephandaba, iinkqubo zikanomathotholo kunye neenkonzo zotyalo-mali ezisemgangathweni, sinceda izigidi zabantu ukuba bafumane inkululeko yezemali.
Enkosi ngenkxaso yakho, kwaye wamkelekile kuMnxeba weNkomfa yeziPhumo zezeMali zikaCurtiss-Wright kwikota yesiBini ka-2021. [Imiyalelo Yabasebenzi] Emva kwentshayelelo yesithethi, kuya kubakho iseshoni yemibuzo neempendulo. ~Imiyalelo
Enkosi, Andrew, kwaye kusasa wonke umntu. Wamkelekile kumnxeba wenkomfa ye-Curtiss-Wright yengeniso yekota yesibini ka-2021. Ukundijoyina kwifowuni yenkomfa namhlanje nguLynn Bamford, uMongameli kunye ne-CEO; kunye noChris Farkas, uSekela Mongameli kunye neCFO. Umnxeba wethu wenkomfa yanamhlanje usasazwa ngqo kwiwebhu, kwaye ushicilelo kunye nekopi yengxelo yemali yanamhlanje inokukhutshelwa kwicandelo lobudlelwane botyalo-mali kwiwebhusayithi yethu yenkampani ethi www.curtisswright.com. Ukuphinda kudlalwa kwakhona kwe-webcast kunokufumaneka kwiwebhusayithi. Nceda uqaphele ukuba ingxoxo ye-dayos iya kubandakanya uqikelelo olujonge phambili kunye neengxelo njengoko kuchaziwe kuMthetho woHlaziyo lweZibambiso zabucala ka-1995. Ezi nkcazo zisekelwe kulawulo olulindelweyo lwangoku kwaye ayisosiqinisekiso sentsebenzo yexesha elizayo. Siyichazile imingcipheko kunye nokungaqiniseki okuhambelana neengxelo zethu ezijonge phambili kumaxwebhu ethu oluntu afakwe kwi-SEC.
Njengesikhumbuzo, ukusebenza kwenkampani ibandakanya imbono elungisiweyo engeyiyo ye-GAAP engabandakanyi iindleko ezithile ukwenzela ukubonelela ngokucacileyo ngakumbi kuCurtiss-Wrightos ukuqhubeka nokusebenza kwemali. Nceda uqaphele ukuba iziphumo zethu ezihlengahlengisiweyo kunye nesikhokelo sonyaka ogcweleyo asibandakanyi umgca wethu wemveliso wokushicilela owenziweyo oxhasa inkqubo ye-737 MAX, kunye neshishini le-valve yaseJamani esiye sahlelwa ngokubamba ukuthengiswa kwikota yesine. I-GAAP kunye nolungelelwaniso olungelulo lwe-GAAP lwangoku kunye nonyaka odlulileyo lunokufumaneka kwisibhengezo semivuzo, ekupheleni kwale nkcazo, nakwiwebhusayithi yethu. Ngaphandle kokuba kuchazwe ngenye indlela, nakuphi na ukubhengezwa kokukhula kwe-organic ayibandakanyi iziphumo zohlengahlengiso, ukuguqulelwa kwemali yangaphandle, ukufunyanwa kunye nokukhutshwa.
Enkosi, Jim, kwaye kusasa wonke umntu. Ndiza kuqala ngamagqabantshintshi aphambili kwiziphumo zethu zekota yesibini kunye nenkangeleko yethu yonyaka opheleleyo ka-2021. Ndiza kuthi ke emva koko ndithumele ikhwelo kuChris ukuba abonelele ngophononongo oluthe kratya lwendlela esiqhuba ngayo imali kunye nohlaziyo lwesikhokelo unyaka wonke. Ekugqibeleni, ngaphambi kokuba singene kwiseshoni yemibuzo kunye neempendulo, ndiya kuphelisa izimvo zethu ezilungiselelwe.
Qala ngeembalasane zekota yesibini. Ngokubanzi, ukuthengisa kwethu kunyuke nge-14%. I-aerospace yethu kunye neemarike zokhuselo zikhule nge-11%, ngelixa intengiso kwiimarike zethu zorhwebo zinyuke nge-21% unyaka nonyaka. Ukungena nzulu kwimarike yethu, i-aerospace yethu yorhwebo, amandla kunye nenkqubo, kunye nokuthengiswa kwemarike yemizi-mveliso ngokubanzi kufezekise ukukhula okuphindwe kabini. Ezi marike beziphakathi kwezona zichaphazeleka kakhulu ngubhubhane kunyaka ophelileyo, kwaye siyakhuthazwa kukuphucula kwazo.
Jonga inzuzo yethu. Ingeniso yokusebenza ehlengahlengisiweyo inyuke ngama-24%, ngelixa ulungelelwaniso lwenzuzo yokusebenza lunyuke ngamanqaku asisiseko ali-120 ukuya kwi-15.6%. Lo msebenzi ubonakalisa ukunyuka okumandla kwimida yengeniso kwi-aerospace kunye nemizi-mveliso kunye necandelo lolwandle kunye namandla asekelwe kwiintengiso eziphezulu kunye neenzuzo zenkqubo yethu yokusebenza egqwesileyo. Kubalulekile ukuqaphela ukuba lo msebenzi umandla ubangelwe kukunyuka kwe-US$5 yezigidi kwi-R&D xa kuthelekiswa nonyaka odlulileyo ngelixa siqhubeleka ukwenza utyalo-mali olucwangcisiweyo.
Ngokusekwe kwiziphumo zethu zokusebenza eziluqilima, ingeniso ehlengahlengisiweyo ehlanjululweyo ngesabelo ngasinye kwikota yesibini ibiyi-US$1.56, ingaphezulu kancinci kunobesikulindele. Oku kubonakalisa izinga lokukhula elomeleleyo lonyaka nonyaka lama-22%. Nangona iindleko zenzala kunye neerhafu zerhafu ziphezulu kancinane, zidla ngokuhlawulwa ziinzuzo zemisebenzi yethu eqhubekayo yokuthenga kwakhona isabelo.
Tyhila kwii-odolo zethu zekota yesibini. Sifumene ukukhula kwe-11%, kwaye umlinganiselo wethu wonke woku-odola unyuke ngamaxesha e-1.1, kuba ii-odolo kwicandelo ngalinye leemarike ezintathu zigqithise ukuthengiswa kwexesha elinye. Kubalulekile ukuqaphela ukuba ukusebenza kwethu kubonisa imiyalelo eyomeleleyo kwimarike yorhwebo, ngokunyuka konyaka nonyaka ngama-50%, kubandakanywa ikota yerekhodi yomsebenzi wee-odolo kwiimveliso zezithuthi zethu eziquka ukuthengisa koohola bendlela nangaphandle kohola wendlela. Kwi-aerospace yethu kunye neemarike zokhuselo, umlinganiselo we-oda-to-bill yi-1.15. Oku kuquka i-US $ 130 yezigidi ze-Navy Award ye-Aircraft Carriers kunye ne-Submarine Platforms, esiye sabhengeza kwi-press release yangaphambili, kwaye sijonge phambili kwii-odolo ezinamandla kwisiqingatha sesibini sonyaka.
Okulandelayo sisikhokelo sethu esilungisiweyo sonyaka opheleleyo ka-2021. Siphucule intengiso, ingeniso yokusebenza, ingeniso yengeniso kunye nemivuzo ehlanjululweyo ngesabelo ngasinye. Isikhokelo sethu esihlaziyiweyo sibonisa ukuphucuka kwethemba lemarike yemizi-mveliso yethu, utyalo-mali olongezelelweyo olucwangcisiweyo lwe-R&D ukuxhasa ukukhula kwengeniso yethu kunye nokunyuka kwamazinga erhafu unyaka wonke. UChris uya kukwazisa ngokweenkcukacha kwisilayidi esilandelayo. Kodwa kuko konke, siyakwazi ukufumana iziphumo ezinamandla ngo-2021.
Ngoku, ndifuna ukuthumela umnxeba kuChris ukuze ahlole ngokucokisekileyo indlela esiqhube ngayo kwikota yesibini kunye nethemba lokuphucula ngo-2021. Chris?
Enkosi, Lynn, kwaye kusasa wonke umntu. Ndiza kuqala ngezona zinto ziphambili ekuqhubeni kwethu kwikota yesibini, kwaye siphinde safumana iziphumo ezinamandla zemali.
Ukuqala kwi-aerospace kunye neendawo zoshishino. Intengiso inyuke kakhulu unyaka nonyaka, nto leyo ibibangelwe kukunyuka okumandla kwemfuno yeemveliso zezithuthi zemizi-mveliso kwiimarike ezisendleleni nangaphandle koohola bendlela malunga nama-40%. Ukukhula kwentengiso yeli candelo kukwabangelwa yimfuno emandla yeenkonzo zonyango lwangaphezulu kwimarike yethu yemizi-mveliso, eqhutywa kukuphucuka okuzingileyo kumsebenzi woqoqosho lwehlabathi.
Kwicandelo lentengiso ye-aerospace yentengiso, sonyuse imfuno yeemveliso zethu zenzwa kumaqonga anomzimba omxinwa. Nangona kunjalo, njengoko besilindele, ezi nzuzo ziye zathotywa ikakhulu kukucotha okuqhubekayo kwamaqonga anomzimba obanzi.
Ukujonga phambili kwisiqingatha sesibini se-2021, eqhutywa kukwanda kwemveliso yeenqwelomoya ezinomzimba omncinci (kubandakanywa ne-737 kunye ne-A320), silindele ukuba ukusebenza kweemarike kuphuculwe. Ekuhambeni kwexesha, silindele ukuba iinqwelomoya ezinomzimba omxinwa zibuyele kumanqanaba azo emveliso yangaphambili ngo-2023, ngelixa iinqwelomoya ezinomzimba obanzi zisenokungaphindi ziphile de kube ngu-2024 okanye ngo-2025.
Jikela kwinzuzo yecandelo. Ingeniso yokusebenza ehlengahlengisiweyo inyuke nge-138%, ngelixa ulungelelwaniso lwenzuzo yokusebenza lunyuke ngamanqaku asisiseko angama-800 ukuya kwi-15.7%, ebonisa ukufunxwa okuncomekayo kokunyuka kweentengiso kunye nokubuyiswa okubonakalayo kwikota yesibini yonyaka ophelileyo. Ukongeza, iziphumo zethu zibonisa inzuzo yenkqubo yethu eqhubayo egqwesileyo ekulondolozeni uhlengahlengiso unyaka nonyaka. Nangona siqhubeka nokuchatshazelwa kancinci kukuthuthwa kweekhonteyina kunye nemiqobo yecandelo lokubonelela nge-elektroniki, le mpembelelo ayibalulekanga kwiziphumo zethu zizonke.
Kwicandelo lezobuchwephesha bokhuselo, ingeniso iyonke kwikota yesibini inyuke nge-17%. Oku kungenxa yomnye umsebenzi owomeleleyo wokufumana kwethu iPacStar. Inkampani iqhube kakuhle kakhulu, kwaye ukudityaniswa kwayo kusaqhuba ngokwesiqhelo. Ukongeza kwi-PacStar, ngenxa yexesha leenkqubo ezahlukeneyo ze-C5 ISR ekukhuseleni i-aerospace, ukuthengisa kwikota yesibini kwehla kwisiseko sezinto eziphilayo. Ukuba uyakhumbula, intengiso yendalo yeemveliso zethu ezikumgangatho ophezulu worhwebo ngaphandle kweshelufa ziye zakhawuleza kwikota yokuqala kuba abanye abathengi bathathe inyathelo lokuzinzisa amakhonkco abo okubonelela ngenxa yeenkxalabo malunga nokunqongophala kwezinto zombane. Iziphumo zokusebenza zeSebe zibandakanya utyalo-mali olwandisiweyo lwe-R&D lwezigidi ezi-4 zeedola zaseMelika, iipotifoliyo ezingathandekiyo, kunye malunga nezigidi ezi-2 zeedola zaseMelika kutshintshiselwano lwangaphandle olungathandekiyo. Ngaphandle kwezi ziphumo, umda wokusebenza kwikota yesibini uphantse wafana nomsebenzi onamandla wonyaka ophelileyo.
Kwicandelo lomkhosi wenqanawa kunye namandla, izixhobo zethu zokuqhuba inyukliya zaselwandle ziyaqhubeka nokuzuza ukukhula okuqinileyo kwengeniso, ingakumbi ukuxhasa i-CVN-80 kunye neenkqubo zokuthwala iinqwelomoya ezingama-81. Kwenye indawo, kumandla orhwebo kunye neemarike zenkqubo, ingeniso yethu yentengiso emva kwenyukliya e-United States naseCanada iye yanda, kwaye ukuthengiswa kweevalvu kwimarike yenkqubo kunyukile. Ingeniso ehlengahlengisiweyo yokusebenza yecandelo inyuke nge-13%, ngelixa umyinge wenzuzo yokusebenza ehlengahlengisiweyo inyuke ngamanqaku angama-30 ukuya kwi-17.2%, ngenxa yokufunxwa kakuhle kweentengiso ezongezelelekileyo kunye nokonga kwizenzo zethu zangaphambili zohlengahlengiso.
Ukushwankathela iziphumo zekota yesibini, xa iyonke, ingeniso ehlengahlengisiweyo yokusebenza inyuke ngama-24%, oko kuqhubela phambili ukonyuka komda wenzuzo ngamanqaku ali-120 unyaka nonyaka.
Tyhila kwisikhokelo sethu sonyaka wonke ka-2021. Ndiza kuqala ngethemba lethu lokuthengisa i-market-market, kwaye siyaqhubeka silindele ukuba i-Curtiss-Wrightos yokuthengisa iyonke ikhule nge-7% ukuya kwi-9%, apho i-2% ukuya kwi-4% iya kuba ukukhula kwezinto eziphilayo. Njengoko ubona, siye saphawula utshintsho oluthile oluzuba kwisilayidi.
Ukuqala ngokhuseleko lwaselwandle, uluhlu lwethu lwesikhokelo oluhlaziyiweyo lunyukile ukusuka kwiflethi ukuya kwi-2%. Oku kungenxa yolindelo lwengeniso ephezulu kancinane ye-CVN-81 ethwala iinqwelomoya kunye nokuthotywa kancinci kwexesha lengeniso yeenkwili zodidi lwaseVirginia. Indlela esijonga ngayo ukukhula kwentengiso ye-aerospace kunye nokhuselo lwemalike iseyi-7% ukuya kwi-9%. Njengesikhumbuzo, oku kwenza ukuba izinga lokukhula kwengeniso yezokhuselo likaCurtiss-Wright liphinde lidlule kuhlahlo lwabiwo-mali olusisiseko lweSebe lezoKhuselo.
Kwimarike yethu yorhwebo, izinga lokukhula kwentengiso lilonke lihlala liphakathi kwe-6% kunye ne-8%, kodwa sihlaziye izinga lokukhula kwimarike nganye yokugqibela. Okokuqala, ngokwamandla kunye nenkqubo, siyaqhubeka nokubona ukuphindaphinda okuqinileyo kumsebenzi we-MRO kwishishini lethu levalvu yeshishini. Nangona kunjalo, ngenxa yokuhlehliswa kweeprojekthi ezinkulu ze-oyile kunye negesi zamazwe ngamazwe kude kube ngu-2022, sehlise isikhokelo sethu semarike ekupheleni kuka-2021. Ngoko ke, ngoku silindele ukuba imarike ikhule nge-1% ukuya kwi-3%. Okwesibini, kwimarike yemizi-mveliso jikelele, ngokusekwe kumsebenzi wonyaka ukuya kumhla kunye nokukhula olomeleleyo kwii-odolo zeemveliso zezithuthi zemizi-mveliso, siye sayihlaziya imbonakalo yethu yokukhula ukuya kuluhlu olutsha lwe-15% ukuya kwi-17%. Into endifuna ukuyibonisa yeyokuba kusuku lwethu lwamva nje lwabatyali-mali, sithe silindele ukuba imakethi yethu yemoto yemizi-mveliso ibuyele kumanqanaba ka-2019 ngo-2022, kwaye sinemiyalelo eyomeleleyo yokuxhasa le ndlela.
Qhubeka nombono wethu wonyaka wonke. Ndiza kuqala nge-aerospace kunye necandelo lezoshishino. Ukonyuka kweentengiso kunye nenzuzo kubonisa ukuqhubeka ukuchacha okuqinileyo kwimarike yethu yemizi-mveliso ngokubanzi. Ngoku silindele ukuba ukuthengisa kweli candelo kunyuke nge-3% ukuya kwi-5%, kwaye siye sandisa isikhokelo sengeniso yolu lwahlulo nge-3 yezigidi zeedola ukubonisa ukuthengisa okuphezulu. Ngolu tshintsho, ngoku silindele ukuba ingeniso yokusebenza kwecandelo ikhule nge-17% ukuya kwi-21%, ngelixa i-margins yenzuzo yokusebenza kulindeleke ukuba ibe phakathi kwe-15.1% kunye ne-15.3% ye-180 ukuya kwi-200 isiseko samanqaku, okusenza sikwazi ukudlula inzuzo yethu ye-2019. unyaka.
Okulandelayo, kwintsimi yokhuselo lwe-elektroniki. Nangona sisasebenzisa isikhokelo sangaphambili njengoko bekucwangcisiwe, ndifuna ukuqaqambisa eminye imiba ehambayo ukusukela kuhlaziyo lokugqibela. Okokuqala, ngokusekwe kusukelo lwethu lwetekhnoloji, ngoku silindele ukwenza utyalo-mali olongezelelweyo lwe-US $2 yezigidi kwi-R&D, kunye ne-8 yezigidi zeedola zaseMelika unyaka nonyaka ukukhuthaza ukukhula kwe-organic kwixa elizayo.
Okwesibini, ngokubhekiselele kutshintshiselwano lwangaphandle, siye sabona ukuncipha kwedola yaseMelika kwikota yesibini, okuya kubangela ukuvuthuza okuncinci kwimida yenzuzo yokusebenza yonyaka yeenkampani ezisebenza eCanada naseUnited Kingdom. Ukongeza, kwezi nyanga zimbalwa zidlulileyo, isixokelelwano sethu sonikezelo sifumene iimpembelelo ezingephi, ikakhulu ezinxulumene nonikezelo lweemveliso ezincinci zombane, kwaye silindele ukuba le mpembelelo iqhubeke ubuncinane kwikota yesithathu. Nangona oku kuseyinto yokuqwalaselwa, ngakumbi impembelelo kwixesha lengeniso, sisabambe isikhokelo secandelo lonyaka wonke.
Okulandelayo, kumacandelo e-navy kunye namandla, isikhokelo sethu sihlala singatshintshi, kwaye siyaqhubeka silindele imida yenzuzo yokukhula kokuthengisa okuqinileyo ukunyuka ngama-20 ukuya kuma-30 amanqaku asisiseko.
Ke ngoko, sishwankathela umbono wethu wonyaka opheleleyo, silindele ukuba ingeniso ehlengahlengisiweyo yokusebenza ikhule nge-9% ukuya kwi-12% ngo-2021 kwaye intengiso iyonke iya kukhula nge-7% ukuya kwi-9%. Umda wenzuzo yokusebenza ngoku kulindeleke ukuba unyuke ngama-40 ukuya kwamanqaku asisiseko angama-50 ukuya kwi-16.7% ukuya kwi-16.8%, nto leyo ebonisa ingeniso eyomeleleyo kunye neenzuzo zohlengahlengiso lwethu kunye nesicwangciso esiqhubekayo sokugqwesa sokusebenza kwenkampani ngokubanzi kulo nyaka uphelileyo. Ukuqhubela phambili imbono yethu yezemali ka-2021, siphinde sanyusa umvuzo wethu wonyaka wonke ohlanjululweyo ohlanjululweyo ngokwesikhokelo sesabelo ngasinye ukuya kuluhlu olutsha lwe-US$7.15 ukuya kwi-US$7.35, ebonisa ukukhula nge-9% ukuya kwi-12% kwaye ihambelana nokukhula kwengeniso yethu yokusebenza. Nceda uqaphele ukuba isikhokelo sethu sikwabandakanya impembelelo yotyalo-mali oluphezulu lwe-R&D kunye namazinga aphezulu erhafu. Ngokotshintsho olutshanje kumthetho werhafu wase-UK kunye nokunciphisa inani lezabelo zethu eziqhutywa yimisebenzi eqhubekayo yokuthengwa kwakhona kwesabelo, irhafu eqikelelwayo ngoku i-24%. Kwezi nyanga zintandathu zidlulileyo zika-2021, silindele ukuba ingeniso encitshisiweyo ngesabelo ngasinye kwikota yesithathu ifane nekota yesithathu yonyaka ophelileyo, kwaye ikota yesine iya kuba yeyona kota inamandla kulo nyaka.
Ukuthetha ngenkangeleko yethu yokuphuma kwemali yasimahla yonyaka wonke, senze i-31 yezigidi zeedola ukuza kuthi ga ngoku kulo nyaka. Njengoko sibonile kwimbali, sidla ngokwenza malunga ne-90% okanye ngaphezulu kwemali ephumayo simahla kwisiqingatha sesibini sonyaka, kwaye sisalindeleke ukuba sifezekise isikhokelo sonyaka opheleleyo se-US $ 330 yezigidi ukuya kwi-US $ 360 yezigidi.
Enkosi, Chris. Ndifuna ukuxoxa ngezinye zeengcinga kunye nemigqaliselo ukusukela ngoMhla woMtyali-mali kaMeyi kwimizuzu embalwa ezayo. Ndiza kuqala ngesicelo sohlahlo lwabiwo-mali lokhuselo lwe-Presidents FY22, esakhutshwa kamsinya nje emva komsitho woSuku lwabaTyali-mali. Le nguqulo ibonisa ukunyuka okumalunga ne-2% ngaphezulu kohlahlo lwabiwo-mali olukhutshwe kunyaka-mali wama-21, kwaye iyangqinelana ngokufanelekileyo nolindelo nezicwangciso zethu. Uhlahlo lwabiwo-mali lubonisa ukuba i-United Stateso eyona ndawo ibalulekileyo ye-naval platforms iyaqhubeka ifumana inkxaso eqinile, kuquka i-CVN-80 kunye ne-81 abathwali beenqwelo-moya kunye ne-Columbia-class kunye ne-Virginia-class carriers. Sikholelwa ukuba inkxaso yamaqela amabini kwikamva loMkhosi waManzi isinika isiseko esiluqilima apho sinokunyusa ingeniso yethu kwiinqanawa zenyukliya kunye nezangaphandle. Ukuba bongeza inkwili yesithathu yaseVirginia okanye omnye umtshabalalisi weDDG, sisenawo amandla aphezulu.
Sikwajonge phambili kwinkxaso eqhubekayo yenkxaso-mali yeSebe le-Defenceos eyona nto iphambili kwisicwangciso-qhinga, kubandakanywa uthungelwano, i-encryption, i-driverless drive kunye neemoto eziziqhubayo, zonke eziye zagxininiswa kuhlahlo lwabiwo-mali. Oku kubonisa kakuhle inkxaso yethu yokhuselo lwe-elektroniki kuzo zonke ezi ndawo.
Enye indawo eqaqambileyo kukuphucuka komkhosi. Ngaphandle kokuncitshiswa kohlahlo lwabiwo-mali lweArmeos lulonke, kwisicelo sohlahlo lwabiwo-mali lwenkonzo ye-FY22, iimali ezisetyenzisiweyo ukuphucula uthungelwano lwenkundla yedabi zonyuke nge-25% ukuya kwi-2.7 yeebhiliyoni zeedola, olona lwando lukhulu kwizinto eziphambili kwiArmeos. Ukongeza, ibonelela ngentembeko enkulu kwisigqibo sethu sokufumana iPacStar, njengoko bekwindawo ephambili yokuthatha ithuba lokuphuculwa okuqhubekayo kwemikhosi yasemhlabeni.
Ukusukela ngoko, siye sabona ngakumbi nangakumbi imiqondiso yokuba nethemba njengoko uhlahlo lwabiwo-mali lwadlula iCongress ukwandisa amaxabiso. IKomiti yeeNkonzo ezixhobileyo ze-Senate kutshanje ivotele ukuba ivume i-25 yeebhiliyoni ezongezelelweyo kwi-Pentagonos kunyaka-mali we-22 uhlahlo lwabiwo-mali, okunyuka kwe-3% ngaphezu kwesicelo sokuqala se-president kunye nokunyuka ngokubanzi kwe-5% kulo nyaka-mali wangoku. Nangona ingeyiyo isiphumo sokugqibela, iphinda isinike ukuzithemba kwingqikelelo yexesha elide lokukhula kwe-organic kwimarike yethu yokhuselo.
Okulandelayo, ndifuna ukuqaqambisa amanqaku aphambili osuku lwethu lwamva nje lwabatyali-zimali kwaye ndibulele wonke umntu othathe inxaxheba. Ukutshintshela kwethu kwisicwangciso-qhinga sohlumo kulawulwa kukugxila okuhlaziyiweyo ekunyuseni ingeniso. Silindele ukuba oku kuphunyezwe ngokukhula kokuthengiswa kwe-organic kunye ne-inorganic kunye nokulindela kwethu ingeniso yokusebenza ukukhula ngokukhawuleza kunokuthengisa, okuthetha ukwanda okuqhubekayo kwemida yenzuzo yokusebenza. Ukongeza, injongo yethu kukufumana ubuncinci imivuzo ephindwe kabini ngokukhula kwesabelo kwisithuba seminyaka emithathu esiphela ngo-2023 kwaye siqhubeke nokuvelisa ukuhamba kwemali simahla. Ngokusekwe kuqikelelo lwethu olutsha lwexesha elide, silindele ukuba intengiso yethu yendalo kwimarike nganye yokugqibela ifikelele ekukhuleni okunedijithi enye. Sinethemba elikhulu lokuzuza i-5% yezinga lokukhula elihlanganisiweyo lonyaka kwiintengiso ezisisiseko ekupheleni kuka-2023, kuquka i-PacStar.
Ukongeza kolu hlumo lulindelekileyo, sikwagxile ekwandiseni amandla ethu okukhula kwiimarike eziphambili ezisekelwe kwigalelo lethu kutyalo-mali oluqhubekayo kuphando nakuphuhliso kunye neenzuzo zeqonga lethu elitsha lokukhula. Siphinda sityala imali kwishishini lethu kwelona nqanaba liphezulu kwimbali kaCurtiss-Wright yamva nje. Njengoko usazi, le yindawo endiyithanda kakhulu. Njengoko ubona kwisikhokelo sethu esihlaziyiweyo, sonyuse utyalo-mali lwethu lwe-R&D ngo-2021 ngenye i-2 yezigidi zeedola zaseMelika, kwaye inkcitho iyonke inyuke nge-12 lezigidi zeedola zaseMelika unyaka nonyaka. Olu tyalo-mali lujolise kubuchwephesha obungundoqo kunye nabathwali abakhula ngokukhawuleza kwiimarike zethu zokugqibela, ezifana ne-MOSA kwishishini lethu le-elektroniki lokhuselo.
Ukongeza, ukuphehlelelwa kweqonga elitsha lokukhula elisebenzayo libonelela ngogqaliselo olukhulu lolawulo, ingqwalasela namandla okuqhuba zonke izinto ezibalulekileyo ekukhuleni, ukusuka ekuvuseleleni izinto ezintsha kunye nentsebenziswano ukuya ekuboneleleni ngamathuba amatsha okugqwesa kweshishini kunye namaxabiso acwangcisiweyo. Ngoko ke, siya kuba nethuba lokunciphisa ngokuqhubekayo iindleko, ezinokukhulula imali yokwenza i-dilution ye-short-term acquisition dilution, ulwabiwo kwi-R&D yotyalo-mali okanye iholele ekwandiseni umda wenzuzo. Oku kuya kujoliswa kwaye kuthathelwe izigqibo ngotyalo-mali.
Ukongeza, ndicinga ukuba kubalulekile ukubonisa ukuba siya kuqhubeka nokuqhubela phambili iinkqubo zethu ezomeleleyo kunye nokuzinikela ekusebenzeni ngokugqwesileyo kwinqanaba elifanayo lokuzibophelela kunye nokuzinikela okukhulu iqela eliye labonisa ukususela ngo-2013. Ekugqibeleni, ndifuna ukuphinda injongo yethu Ubuncinci bezinga lokukhula kwe-EPS elihlanganisiweyo lonyaka le-10% kwithuba leminyaka emithathu, elinokuthi libandakanye imisebenzi yokuthengwa kwakhona kwempahla yonyaka ephezulu kunenqanaba lethu langoku elisisiseko le-50 yezigidi zeedola ngonyaka. Sihlala sizibophelele kulwabiwo olusebenzayo lwenkunzi ukuzisa imbuyekezo yexesha elide kubaninizabelo. Ke ngoko, ulwabiwo lonyaka lokuthengwa kwakhona kwesitokhwe luya kuhluka, kuxhomekeke kubungakanani kunye nexesha lokufumana izinto ezizayo esizazisa uCurtiss-Wright.
Okokugqibela, njengoko abaphathi benikela ingqalelo ngakumbi ekudityanisweni nasekufumaneni kunye nombhobho opheleleyo wamathuba, ndiziva ndinethemba elikhulu lokuba siya kuba nethuba lokudlula i-5% kwaye sisondele kwithagethi yokuthengisa ye-10% kuba sifumene ukufunyanwa kweqhinga eliphambili ukwazisa uCurtiss- Wright.
Lilonke, siyakwazi ukuphumeza umsebenzi owomeleleyo kulo nyaka. Silindele ukuba iintengiso zifikelele kwinqanaba eliphezulu lokukhula kwedijithi enye kulo nyaka, kwaye ingeniso yokusebenza kunye nengeniso ehlanjululweyo ngesabelo ngasinye iya kunyuka nge-9% ukuya kwi-12%. Isikhokelo sethu somda wokusebenza wama-2021 ngoku si-16.7% ukuya kwi-16.8%, kubandakanywa utyalo-mali lwethu olongezelelekileyo kuphando nophuhliso. Kusalindeleke ukuba siqhubeke nokwandisa umyinge wengeniso ukuya kutsho kwi-17% ngo-2022. Ulungelelwaniso lwethu lwemali ekhoyo simahla luhlala luqinile, kwaye siyaqhubeka nokugcina isicwangciso esinempilo nesilungeleleneyo solwabiwo lwemali ukuxhasa ingeniso yethu kunye nokukhula kwengeniso, ngelixa siqinisekisa ukuba siyaphumelela. sityala imali yethu eyinkunzi ukuze sifumane eyona nzuzo ingcono ukuqhuba ixabiso lexesha elide labanini-zabelo.
Enkosi. [Imiyalelo yoMsebenzisi] Umbuzo wethu wokuqala uvela kumgca wemveliso kaNathan Jones kunye noStifel.
Ndifuna ukuqala ndithethe malunga nezimvo zakho malunga neendleko zabathengi abanokuba ne-inventory kwikota yokuqala, enokukhokelela ekwehleni kwekota yesibini. Ngokuqhelekileyo uya kubona ukunyuka kwexesha lonyaka kwisiqingatha sesibini sonyaka. Usajonge phambili ekuboneni ukukhula kwamaxesha onyaka? Ulujonga njani uluhlu lwabathengi kunye ne-inventri yetshaneli? Ngaba ucinga ukuba basephambi kwendawo abaqhele ukuba kuyo, bafolile, nangasemva? Ungasinika nawuphi na umbala?
Kulungile, kunjalo. Ndizakuyifumana leyo. Ndiyathetha, kwikota yokuqala, kufuneka sibone abathengi abathile bezokhuselo bekhawulezisa iiodolo zabo, bezama ukuya ngaphambi kokunqongophala kwezinto ze-elektroniki. Ke xa ubona esi sivunguvungu sikhule malunga ne-8 yezigidi zeedola ngonyaka-ngonyaka kwikota yesibini, lo ngumsebenzi okhawulezileyo kwikota yokuqala. Ndiyathetha ukuba, siyaqhubeka ukufumana ukulibaziseka okuncinci kwizinto ze-elektroniki. Ke ngoko, xa kujongwa imeko eye yafunyanwa ziinkampani ezininzi kulo nyaka uphelileyo kunye nokukhula okubukhali uninzi lweenkampani ezinethamsanqa elaneleyo lokujongana nalo nyaka, imakethi iyasebenza kakhulu. Kodwa ichaphazela kakhulu ixesha lengeniso yesebe lethu lezokhuselo lombane, ingeniso yokhuselo lwenqwelomoya, kunye neemveliso zeC5 ISR ezinengeniso ephezulu.
Ngoku, xa ujonga isiqingatha sesibini sonyaka, silindele uxinzelelo oluthile olusekelwe xa ezi zixhobo zifunyenwe, kwaye uninzi loxinzelelo luya kusetyenziswa kwikota yesithathu. Kodwa njengoko ubonile kwimbali, siphuma kwishishini lokhuselo lombane, sihlala sinethambeka elikhulu lekota yesine, kwaye silindele ukuba oku kwenzeke kwakhona kulo nyaka. Ngoko ke, ngoku sisebenza nzima ukuze sicombulule ezi ngxaki yaye sivakalelwa kukuba senza umsebenzi omhle ekoyiseni ezi ngcinezelo.
Emva koko, ndifuna ukubuyela kwibala elithandwayo likaLynnos, uphando kunye nophuhliso. Unyuse uphando lwakho kunye neendleko zophuhliso kwikota yesibini kwaye unyuse usukelo lwakho lonyaka opheleleyo. Ngaba ungathetha ngamathuba akho apho? Ngaba ucinga ukuba njengoko sisiya phambili, apho kukho ithuba lokuqhubeka nokunyusa utyalo-mali lwe-R&D, ngaba kufuneka sicinge ngokuzinzisa kweli nqanaba ngakumbi? Ungasinika nasiphi na isikhokelo?
Enkosi kakhulu ngoncedo lwakho. Njengoko ubutshilo, le yinkalo endithanda ukuthetha ngayo. Ke, ke, senze enye i-R&D eyongezelelweyo kwiqela lethu lezokhuselo lombane, kuba siqhubeka nokubona amathuba amahle kakhulu okwandisa umgca wemveliso yethu, nokuba ijikeleze isicwangciso seMOSA sokwandisa umgca wemveliso yethu kuba iqhubeka nje ukufumana intambo yemveliso. uluhlu olubanzi lwabathengi kushishino lwezokhuselo, kunye nobunye ubugcisa obuthile obungqonge uguqulelo oluntsonkothileyo kunye nokwaliwa iGPS, uthungelwano, kwaye ngenene nolunye utyalo-mali olongezelelweyo-iqela lethu lePacStar liphucula ibala ledabi.
Ngoko ke, amathuba aya kuqhubeka ekhula kuphela. Sikwixesha elilungileyo ngoku, kwaye siziva ngokwenene ukuba ngoku lixesha elifanelekileyo lokutyala imali. Enye indawo apho sikwanyusa utyalo-mali yi-A&I, eneneni ijikeleze umbane kunye ne-elektroniki, i-Intanethi yeZinto, izithuthi zombane, izithuthi ezixubeneyo kunye nokunyuswa kwethu kweli candelo. Sizibeka ngokwenyani njengenkokeli-le ntsimi Inkokeli yetekhnoloji lukhetho lokuqala lwabaninzi bee-automakers ezinkulu. Ngenene siqinisekisa ukuba sinokuqonda okucwangcisiweyo malunga nokuba ngubani owenza izithuthi kweli candelo, kwaye sisebenza nazo, sihlala sisenza izinto ezahlukeneyo zeemveliso ezithile ukuze zilingane izithuthi zabo. Oku kufuna ukuba senze utyalo-mali oluthile, kwaye sicinga ukuba le yeyona ndlela ilungileyo.
Kwakhona, ndi-sihlala sibuzwa ukuba ngaba sicinga ukuba i-R&D iya kunyuka kwakhona kwiminyaka engama-22. Awuzange unike isikhokelo esicacileyo. Kwaye ndicinga ukuba kubalulekile ukuvumela abantu baqonde ukuba ngenene sifunda ukuba siyaba njani imali eyinkunzi nokuba iR&D lolona tyalo-mali lungcono, olunye utyalo-mali okanye xa ilixesha lokubuyela kwinzuzo. Siya kwenza izigqibo ezilungeleleneyo kulo mba ngokusekelwe kumathuba aphambi kwethu. Kodwa asoyiki ukuchitha i-R&D ethile ukuqinisekisa ukukhula kwexesha elide, kwaye sibona amathuba esinokuwabona aya kuhlawula izabelo kule minyaka imbalwa izayo. Ukunyaniseka, utyalo-mali lwe-R&D esilwenzayo luya kuvelisa imbuyekezo kuphela kwakulo nyaka wekhalenda, kunyaka olandelayo wekhalenda, kwaye ngamanye amaxesha nakwiminyaka emithathu ukuya kwemine kamva. Ke, kwakhona, akufuneki ulungelelanise imbuyekezo kuphela, kodwa kwakhona uqinisekise ukuba uqhuba [imiba yezobuchwepheshe] ekufutshane nexesha, elikufutshane, kunye nokukhula kwexesha elide. Ke ngoko, olu lurhwebo olujikeleze indlela esilujonga ngayo olu tyalo-mali kumbutho wonke kwaye senze olona tyalo-mali lunobuchule bokuphucula iinkqubo zethu.
Mhlawumbi, Lynn, uthethe malunga namajelo okufumana angoku agcwele kakhulu, mhlawumbi unethemba lokufikelela kumda ophezulu wenjongo yakho yokuthengisa. Ngaba unokuphinda uxoxe kwaye uthethe malunga nokuba zeziphi iimpawu, ubungakanani, isikali, amaxabiso, kunye nazo naziphi na ezinye iimpawu ofuna ukuzityebisa, kwaye ucinga ukuba uya kuyivala ngaphambi kokuba iphele? Izinto zaloo nyaka?
ngokuqinisekileyo. Ngoko ke, ndicinga ukuba, ukunyaniseka, ukulindela utshintsho kumthetho werhafu kwiminyaka engama-22 kuye kwanda inkuthazo yabantu ukuba sicinga ukuxelela i-PE kunye neenkampani zabucala ukuba zizame ukugqiba intengiselwano kulo nyaka. Ke ngoko, kwiipropati ezininzi ezisebenzayo ezisakhiwayo, amandla okuqhuba kulo nyaka kukufikelela kwisivumelwano. Ngoku, ukuba siyayenza na isivumelwano siya kuxhomekeka kwiipropathi ezisebenzayo ngoku xa siqhuba inkuthalo yethu. Kwaye-kodwa kwakhona, asizukufikelela kwisivumelwano njengoko sihlala sisitsho. Ukuba andiphindi, uya kudana, asiyi kutshintshiselana ngentengiselwano. Kufuneka ibe sisicwangciso esifanelekileyo kunye nomdlalo wemali. Kodwa kukho iinjongo phakathi kolu luhlu. Ndifuna ukuthetha ukuba eyona asethi esiyibonayo ngoku yimarike yethu yokhuselo. Lo ngubuninzi bombhobho. Ayisiyiyo loo nto kuphela, kodwa ikwabonakala njengeyona ndawo isebenzayo okwangoku, eyona ndawo iphambili kuthi. Ngoko, oku kusebenza kakuhle. Ndiyathetha ukuba, asitsho ukuba siya kuthenga indawo yokuhlala kuphela kwishishini lezokhuselo. Kodwa le yindawo, ngakumbi njengoko siyibona ihambelana nonikezelo lwemveliso yethu yangoku, kwaye sinokuzisa into eyongezelelweyo kwisiseko sabathengi bethu bangoku, nokuba ngomnye wabantu abenza amaqonga okanye bakhe iinkqubo ezingaphantsi kombane. Ngoko, oku kubi kakhulu.
Into endifuna ukuyithetha kukuba ixabiso liyahambelana noko sikubonile kwimbali. Akunjalo-ndithetha, ndiyazi ukuba kukho ingxoxo, kwaye kukho imizekelo ebiza kakhulu-i-multiple igqithise kakhulu. Ndicinga ukuba sijonge iimveliso ezisemgangathweni ezineziphindaphindo ezinengqiqo kwaye ezizenza zilungele iqhinga likaCurtiss-Wright. Ngoko ke, le yinto abaphathi bethu abakhathazeke ngayo kakhulu, iinkqubo ezininzi. Ngoku sinee-asethi ezininzi ezisebenzayo, kwaye sifunda ukuba zeziphi izicwangciso esicinga ukuba zifanelekile kuCurtiss-Wright.
Ke ngoko, ndicinga ukuba sinethuba elifanelekileyo lokongeza into kwipotfoliyo yethu kunyaka wekhalenda. Siyabona ukuba iipropathi ngaphakathi koluhlu lwengeniso yohlobo lwePacStar ziya kufakwa kuluhlu kungekudala. Ke ngoko, lijelo elisempilweni kakhulu ngoku.
Ixesha lokuposa: Nov-05-2021
