FY24 Pipeline and Capital Deployment Overview
CAPITAL DEPLOYMENT: FY23 IN REVIEW
OUR CAPITAL DEPLOYMENT PRIORITIES FOLLOW A DISCIPLINED, OPPORTUNISTIC APPROACH
THAT MAXIMIZES NEAR- AND LONG-TERM SHAREHOLDER VALUE
In FY23, we deployed ~$905M through a mix of quarterly dividends, strategic M&A, and share repurchases
Quarterly
Dividends
Strategic
Transactions
Share
Repurchases
Capital
Expenditures
~$236M in quarterly dividends
10th consecutive fiscal year of a double-
digit increase in our quarterly dividend
~39% historical dividend payout ratio (¹)
Sustained strong annual
dividend growth since 2013
Acquisition of EverWatch for ~$440M
Strategic investments in leading-edge
technical solutions, like Hidden Level
and Reveal Technologies, to accelerate
mission delivery
Strategic investments to fuel
growth
~$224M in share repurchases
Opportunistically look for periods where
shares trade below market value;
balance with other capital needs
Opportunistic share
buybacks, based on changing
economic conditions and
market performance
Focused investments in IP/IC to help
deliver differentiated mission solutions
Ongoing investments that support the
shifting needs of the business, including
modernizing secured facilities and
supporting a hybrid work model
Driving growth through
strategic investments in our
infrastructure
We remain committed to a balanced capital allocation strategy to maximize long-term shareholder value
(1) As measured over a five-year period.
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