Risk Factors Update Summary

• Added risks of physical or transition disruptions affecting operations and financial position.
• Deterioration in economic conditions or credit markets may adversely affect business, results, and financial condition.
• Climate change risks now include rising sea levels and longer-term climate shifts.
• Geopolitical events may negatively impact markets and operations, affecting results unpredictably.
• Quantified a significant non-cash goodwill impairment charge of $596 million in fiscal 2023.
• Global supply chain disruptions and inflation may raise costs, reduce competitiveness, and diminish customer buying power.
• Added potential impact on shareholders' equity from future goodwill or intangible asset impairments.
• Efforts to revise conflict of interest rules may limit ability to compete for contracts.
• Expanded on the risks of subcontractor failures to meet obligations in a timely manner.
• Legal actions due to failure to comply with procurement laws could lead to penalties.
• Mentioned the potential insufficiency of insurance coverage for product and liability claims.
• Increased competition may impact ability to secure contracts, affecting revenues and growth prospects.
• Disclosed the uncertainty of continued dividend payments or share repurchases on common stock.
• Termination of contracts by the U.S. government could adversely affect future revenues and profitability.