Operator: Welcome to the Exelis Fourth Quarter and Year End 2012 Financial Results Conference Call and Webcast. Hosting the call today from Exelis is Ms. Katy Herr, Head of Investor Relations. Today's call is being recorded and will be available for replay beginning at 1 pm Eastern. The dial-in number is, 800-585-8367 and 404-537-3406 and enter pin number 85782756. At this time, all participants have been placed in a listen-only mode and the floor will be opened for your questions following the presentation.
It is now my pleasure to turn the floor over to Ms. Katy Herr. Katy, you may begin.
Katy Herr - IR: Thank you, Maria, and good morning, everyone. Thank you for joining us today on our fourth quarter and year end 2012 conference call. During today's call we will reference supplemental material in the form of the presentation that you may access at www.exelisinc.com/investors.
Let's move to Slide 2, before we start please understand that this call contains forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Such statements are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995 and certain factors that could cause results to differ materially from those anticipated are set forth on Slide 2 of today's presentation and in this morning's earnings release.
During today's call, we will discuss our financial results for the fourth quarter and full year 2012. We may refer to non-GAAP measures, which are defined and reconciled in the appendix of today's presentation and available on the website. Joining me on the call are Dave Melcher, our President and Chief Executive Officer; and Peter Milligan, our Chief Financial Officer. As always, we encourage questions at the conclusion of our remarks.
With that said, please turn to Slide 3 and at this time, I'd like to turn the call over to Dave.
David F. Melcher - CEO and President: Thank you, Katy. Good morning and thanks for joining us. As most of you know, the end of 2012 marked the conclusion of our first full year as an independent public Company. Our goal in 2012 was to establish a solid foundation for the future and we achieved this, both operationally and financially. We met or exceeded our guidance on revenue, adjusted operating margin, adjusted EPS and free cash flow. In addition, we closed 2012 in a solid financial position. The Company generated $385 million in cash from operating activities, a 15% increase over 2011.
Net debt was down 33% compared to 2011 and we have an undrawn $600 million credit facility. We also worked to reposition the Company to support our customer's evolving strategic priorities, particularly as U.S. military deployments overseas wind down. We have maintained our competitive focus as we protect our core base of business, aggressively address our re-compete opportunities and continue to look for ways to bring our proven technologies, processes and services to new customers.
Some of our 2012 highlights include the following. $363 million in announced domestic and international airborne electronic warfare awards, we continue to provide innovative ISR technologies to a diverse customer base. For example, the United States Navy chose Exelis to deliver the Adaptive Persistent Awareness System, a single award IDIQ with a ceiling of $90 million to provide an integrated site security solution for critical infrastructure.