[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the guidance for opex in the next quarters?
### Assistant: The text does not provide specific guidance for opex in the next quarters.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the name of the company mentioned in this text?
### Assistant: The company mentioned in this text is NIO.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the expected volume percentage of ET5, ET5 Touring, and EC6 in the long run?
### Assistant: The expected volume percentage of ET5, ET5 Touring, and EC6 in the long run is around 80%.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the projected gross profit margin for the NT 2 product in the long run?
### Assistant: The projected gross profit margin for the NT 2 product in the long run is 20%.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does the company plan to recover its gross profit margin to 15% this year?
### Assistant: The company plans to recover its gross profit margin to 15% this year by launching all the NT 2 products.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What factors have affected the market performance of the three products launched last year?
### Assistant: The factors that have affected the market performance of the three products launched last year include cost increase, intensified market competition, and internal cannibalization or competition.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How has the cost increase affected the purchase of the three products?
### Assistant: The cost increase has affected the purchase of the three products by making them relatively more expensive, leading some users to choose other new or traditional brands instead.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the reason for intensified market competition?
### Assistant: The reason for intensified market competition is the increasing number of new brands and traditional brands offering similar products.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does internal cannibalization or competition impact the sales of certain products?
### Assistant: Internal cannibalization or competition impacts the sales of certain products as some users may choose a different model within the company's product lineup instead of the originally intended model.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What adjustments does the company plan to make in terms of sales channel, network, organization structure, and sales and marketing strategy?
### Assistant: The company plans to make adjustments in terms of sales channel, network, organization structure, and sales and marketing strategy to address the market performance challenges.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How confident is the company about the sales performance of ES6 after product ramp-up?
### Assistant: The company is very confident about the sales performance of ES6 after product ramp-up.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the company's expectation for the sales performance of the five new products launched this year?
### Assistant: The company expects reasonable performance for the sales of all the five new products launched this year, including the ES8.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does the company view the demand and reservation order performance of the ES8?
### Assistant: The company views the demand and reservation order performance of the ES8 as higher than expectations.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the company's outlook for the delivery ramp-up of the five new products?
### Assistant: The company expects the delivery ramp-up of the five new products to be better than before, thanks to improved product quality and go-to-market efforts.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the company's expectation for the delivery and order performance of the 2023 ET7?
### Assistant: The company expects the delivery of the 2023 ET7 to meet expectations and anticipates stable order performance.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Why is the NIO brand relatively expensive compared to low-end outputs brands?
### Assistant: The NIO brand is relatively expensive compared to low-end outputs brands due to branding and the excellent service offered by the company.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What factors contribute to the NIO brand's excellent service?
### Assistant: Factors that contribute to the NIO brand's excellent service include user rights and benefits, national subsidies, and a focus on customer satisfaction.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Has the NIO brand achieved satisfactory margins?
### Assistant: The text does not explicitly state whether the NIO brand has achieved satisfactory margins.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does the company plan to achieve satisfactory or excellent margins for the NIO brand?
### Assistant: The company does not provide a specific plan for achieving satisfactory or excellent margins for the NIO brand.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the company's strategy for moving forward with the product mix?
### Assistant: The company's strategy for moving forward with the product mix is not explicitly mentioned in the text.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does the company plan to leverage its in-house technology capability and innovative supply chain development?
### Assistant: The company plans to leverage its in-house technology capability and innovative supply chain development to achieve cost advantages and improve gross profit margins.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the projected gross profit margin for the high-end NIO brands?
### Assistant: The projected gross profit margin for the high-end NIO brands is not mentioned in the text.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does the company differentiate its high-end NIO brands from low-end outputs brands?
### Assistant: The company differentiates its high-end NIO brands from low-end outputs brands through branding, excellent service, and advanced technology.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the company's assessment of the current pace of product quality and go-to-market for the new products?
### Assistant: The company assesses the current pace of product quality and go-to-market for the new products as much better than before.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does the company expect the delivery ramp-up of the five new products to perform?
### Assistant: The company expects the delivery ramp-up of the five new products to perform well based on improved product quality and go-to-market efforts.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the company's expectation for the order performance of the 2023 ET7 after delivery?
### Assistant: The company expects the order performance of the 2023 ET7 to be stable after delivery.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the name of the company mentioned in this text?
### Assistant: The company mentioned in this text is NIO.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Who is the founder, chairman, and CEO of the company?
### Assistant: The founder, chairman, and CEO of NIO is William Li.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does the company believe they compare to others in terms of product, service, technology, and experience?
### Assistant: The company believes that they are much better than others in terms of their product, service, technology, and experience.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What challenges does the company face in the microenvironment?
### Assistant: The company faces challenges in the microenvironment, such as the significant impact of lithium carbonate cost on their vehicle gross margin.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How has the lithium carbonate cost impacted the company's vehicle gross margin?
### Assistant: The lithium carbonate cost has significantly impacted the company's vehicle gross margin.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What vehicle gross margin did the company reach in 2021?
### Assistant: In 2021, the company reached around 20% vehicle gross margin.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the company's goal for vehicle gross margin in the long term?
### Assistant: The company's goal for vehicle gross margin in the long term is to achieve 20%.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does the company define and approach brand positioning for their products?
### Assistant: The company defines and approaches brand positioning for their products by finding the best solution in the specific segment.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the company's strategy for achieving a reasonable vehicle gross margin?
### Assistant: The company's strategy for achieving a reasonable vehicle gross margin is by defining outputs as products and focusing on reasonable vehicle gross margin targets.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does the company's high-spec configurations and smart features affect their ability to lower the cost of their products?
### Assistant: The company's high-spec configurations and smart features make it difficult for them to lower the cost of their products.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the target vehicle gross margin for the company's outputs?
### Assistant: The target vehicle gross margin for the company's outputs is 20%.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Who is the analyst from UBS who asked a question?
### Assistant: The analyst from UBS who asked a question is Paul Gong.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What data can the company share about the usage of NOP Plus?
### Assistant: The company can share that over 50,000 users are currently using the NOP Plus service.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How many users are currently using the NOP Plus service?
### Assistant: Over 50,000 users are currently using the NOP Plus service.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the accumulated mileage of NOP Plus?
### Assistant: The accumulated mileage of NOP Plus is over 41 million kilometers.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How much mileage is accumulated on NOP Plus every week?
### Assistant: The mileage accumulated on NOP Plus every week is around 2 million kilometers.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What testing has the company conducted for NOP Plus in city scenarios?
### Assistant: The company has conducted testing of NOP Plus in city scenarios and use cases.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What are the company's plans for releasing NOP Plus features to users?
### Assistant: Once the testing of NOP Plus in city scenarios gets steady, the company plans to release these features to the users.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How confident is the company in the NOP Plus service based on their internal evaluation?
### Assistant: The company is very confident in the NOP Plus service based on their internal evaluation.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Who will address the questions about the Power Swap stations?
### Assistant: Steven will address the questions about the Power Swap stations.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What improvements in customer experience are expected with the launch of the highway navigation function to swapping stations?
### Assistant: The launch of the highway navigation function to swapping stations is expected to improve customers' experience.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Is there a plan for a city function in the second half of the year?
### Assistant: There are plans for a city function in the second half of the year.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the company's understanding of the subscription charge for the official version of NOP Plus?
### Assistant: The company understands that the official version of NOP Plus will be charged for subscription, but more details about the subscription charge are not provided.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How do the company's values of products and services compare to the perceived value and price of their products?
### Assistant: The company's values of products and services are not reflected in the perceived value and price of their products.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does the company believe the value of their products and services will be recognized by users and the market in the long run?
### Assistant: The company believes that the value of their products and services will be recognized by users and the market in the long run.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What company is mentioned in this text?
### Assistant: The company mentioned in this text is NIO.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the company's name?
### Assistant: The company's name is NIO.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the company currently testing?
### Assistant: The company is currently testing the NAD (presumably a model or a feature).


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What are the regulations needed for the release of the NAD?
### Assistant: The regulations needed for the release of the NAD are not specified in the text.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Is the R&D of the NOP Plus and NAD on track?
### Assistant: According to the CFO Steven Feng, the R&D of the NOP Plus and NAD is on track and according to their schedule.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How many battery swapping stations does the company currently have?
### Assistant: The company currently has 1,500 battery swapping stations.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How many battery swapping stations have been added this year?
### Assistant: Since this year, 200 battery swapping stations have been added.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Are the battery swapping stations beneficial for sales and penetration into lower-tier cities?
### Assistant: Yes, the battery swapping stations are beneficial for sales and penetration into lower-tier cities. The CFO mentions a clear flywheel effect between the Power Swap station network and their sales growth.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How many Power Swap stations will be deployed by the end of this year?
### Assistant: By the end of this year, the number of Power Swap stations will rise to around 2,400.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How many times per day do the Power Swap stations offer swaps to users?
### Assistant: The Power Swap stations offer around 60,000 to 70,000 times power swaps to users every day.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the average number of power swaps offered by each Power Swap station per day?
### Assistant: On average, every day, one Power Swap station offers 40 to 50 times power swaps to users.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the charging method preferred by users?
### Assistant: The preferred charging method for users is the Power Swap station.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How are the Power Swap stations utilized?
### Assistant: The Power Swap stations are very efficiently utilized.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What effect does the deployment of more Power Swap stations have on sales growth?
### Assistant: The deployment of more Power Swap stations has a clear flywheel effect on sales growth, leading to more sales growth.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: In which regions have improved charging experiences led to sales volume growth?
### Assistant: Improved charging experiences have led to sales volume growth in the Yangtze Delta River and some Tier 1 cities.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the company's confidence in penetrating lower-tier cities with more Power Swap stations?
### Assistant: The company is very confident that with more Power Swap stations, they can penetrate lower-tier cities and achieve solid growth in those regions.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How will Power Swap stations become more convenient for EV users?
### Assistant: As more OEMs seriously look at Power Swap stations as a more or less standard way, those Power Swap stations will become a more and more convenient way for more and more EV users.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Who is the analyst asking the next question?
### Assistant: The analyst asking the next question is Xue Deng from CICC.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the analyst's question regarding production run rates in the second half?
### Assistant: The analyst's question regarding production run rates in the second half is not mentioned in the text.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the company's target for monthly deliveries in the second quarter?
### Assistant: The company's target for monthly deliveries in the second quarter is to deliver over 20,000 units every month.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Could the subsidies moving to Tier 2 cities pose a challenge for NIO?
### Assistant: The text does not specifically mention whether the subsidies moving to Tier 2 cities could pose a challenge for NIO.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How many additional Power Swap stations does the company plan to deploy this year?
### Assistant: The company plans to deploy 1,000 additional Power Swap stations this year.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Where will the majority of the new Power Swap stations be deployed?
### Assistant: The majority of the new Power Swap stations will be deployed on highways, with some installed in Tier 3 and Tier 4 cities.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How will the deployment of Power Swap stations boost sales performance?
### Assistant: The deployment of Power Swap stations is expected to directly boost the sales performance of the company's products.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: When did the company start the deployment of Power Swap station 3.0?
### Assistant: The company started the deployment of Power Swap station 3.0 in April.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What company is mentioned in this text?
### Assistant: The company mentioned in this text is NIO.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How many Power Swap stations 3.0 does NIO plan to deploy in June?
### Assistant: The text does not provide a specific number for the Power Swap stations 3.0 that NIO plans to deploy in June.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is NIO's plan for the deployment of Power Swap stations?
### Assistant: The text states that NIO believes they will gradually speed up the deployment of the Power Swap stations from now on.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Who is the analyst from Mizuho Securities mentioned in the text?
### Assistant: The analyst from Mizuho Securities mentioned in the text is Vijay Rakesh.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Who is the analyst from Capital Markets mentioned in the text?
### Assistant: The analyst from Capital Markets mentioned in the text is Eve Tang.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Who is the Founder, Chairman, and Chief Executive Officer of NIO?
### Assistant: The Founder, Chairman, and Chief Executive Officer of NIO is William Li.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Who is the operator mentioned in the text?
### Assistant: The operator mentioned in the text is not specified.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Who can be contacted for further questions about NIO's investor relations?
### Assistant: NIO's investor relations team can be contacted for further questions.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How can NIO's investor relations team be contacted?
### Assistant: The text does not provide specific contact information for NIO's investor relations team.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Who provided the contact information for NIO's investor relations team?
### Assistant: The text does not specify who provided the contact information for NIO's investor relations team.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Who concluded the conference call mentioned in the text?
### Assistant: The conference call mentioned in the text was concluded by Eve Tang from Capital Markets.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How long was the duration of the conference call?
### Assistant: The text does not provide the duration of the conference call.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Who were the call participants mentioned in the text?
### Assistant: The call participants mentioned in the text are Eve Tang, William Li, Steven Feng, Tim Hsiao, Bin Wang, Stanley Qu, Ming Lee, Yuqian Ding, Nick Lai, Paul Gong, Xue Deng, and Vijay Rakesh.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Who is the Chief Financial Officer of NIO?
### Assistant: The Chief Financial Officer of NIO is Steven Feng.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Who is the analyst from Morgan Stanley mentioned in the text?
### Assistant: The analyst from Morgan Stanley mentioned in the text is Tim Hsiao.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Who is the analyst from Credit Suisse mentioned in the text?
### Assistant: The analyst from Credit Suisse mentioned in the text is Bin Wang.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Who is the Vice President of Finance at NIO?
### Assistant: The Vice President of Finance at NIO is Stanley Qu.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Who is the analyst from Bank of America Merrill Lynch mentioned in the text?
### Assistant: The analyst from Bank of America Merrill Lynch mentioned in the text is Ming Lee.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Who is the analyst from HSBC mentioned in the text?
### Assistant: The analyst from HSBC mentioned in the text is Yuqian Ding.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Who is the analyst from JPMorgan Chase and Company mentioned in the text?
### Assistant: The analyst from JPMorgan Chase and Company mentioned in the text is Nick Lai.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Who is the analyst from UBS mentioned in the text?
### Assistant: The analyst from UBS mentioned in the text is Paul Gong.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Who is the analyst from CICC mentioned in the text?
### Assistant: The analyst from CICC mentioned in the text is Xue Deng.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What type of analysis is mentioned in the text?
### Assistant: The text mentions "NIO analysis" but does not specify what type of analysis it is.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Are there any further questions at this time?
### Assistant: The text does not mention whether there are any further questions at this time.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What should the listeners do after the conference call?
### Assistant: After the conference call, the listeners are instructed to disconnect their line.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the date and time of Northrop Grumman's Q1 2023 Earnings Call?
### Assistant: The date of Northrop Grumman's Q1 2023 Earnings Call is April 27, 2023.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Who are the participants in Northrop Grumman's Q1 2023 Earnings Call?
### Assistant: The participants in Northrop Grumman's Q1 2023 Earnings Call are Todd Ernst, Kathy Warden, and Dave Keffer.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is Todd Ernst's role at Northrop Grumman?
### Assistant: Todd Ernst is the Vice President of Investor Relations and Treasurer at Northrop Grumman.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Who is the Chairman, President, and CEO of Northrop Grumman?
### Assistant: Kathy Warden is the Chairman, President, and CEO of Northrop Grumman.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Who is the CFO of Northrop Grumman?
### Assistant: Dave Keffer is the CFO of Northrop Grumman.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Which analysts are participating in the Q1 2023 Earnings Call?
### Assistant: The analysts participating in the Q1 2023 Earnings Call are Doug Harned from AllianceBernstein, Seth Seifman from JPMorgan Chase and Company, Sheila Kahyaoglu from Jefferies, Ronald Epstein from Bank of America Merrill Lynch, Robert Spingarn from Melius Research, Jason Gursky from Citi, Kristine Liwag from Morgan Stanley, Myles Walton from Wolfe Research, Cai von Rumohr from Cowen and Company, Robert Stallard from Vertical Research Partners, Ken Herbert from RBC Capital Markets, David Strauss from Barclays, and Peter Arment from Robert W. Baird and Company.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the purpose of the PowerPoint presentation mentioned in the text?
### Assistant: The PowerPoint presentation mentioned in the text is used as a visual aid during the conference call to support the discussion and provide additional information to the participants.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What are the risks and uncertainties mentioned in the text?
### Assistant: The risks and uncertainties mentioned in the text are those that may cause actual company results to differ materially, as noted in today's press release and their SEC filings.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How much did Northrop Grumman increase sales by in the first quarter?
### Assistant: Northrop Grumman increased sales by 6% in the first quarter.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How much cash did Northrop Grumman return to shareholders in the first quarter?
### Assistant: Northrop Grumman returned nearly $1 billion to shareholders through dividends and share repurchases in the first quarter.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is Northrop Grumman's capital deployment strategy?
### Assistant: Northrop Grumman's capital deployment strategy prioritizes investing in the business and returning cash to shareholders.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the reason for increasing the EPS guidance?
### Assistant: The EPS guidance is increased based on Northrop Grumman's continued confidence in their business outlook and to account for the divestiture of a small minority investment.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What are the priorities outlined in the National Defense strategy?
### Assistant: The priorities outlined in the National Defense strategy include strategic deterrence, space, missile defense, and advanced computing and communication technologies.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How much did DoD investment accounts increase by for fiscal year 2024?
### Assistant: DoD investment accounts increased by nearly 4% for fiscal year 2024.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Which areas are Northrop Grumman programs well supported in the budget request?
### Assistant: Northrop Grumman programs are well supported in the budget request, particularly in the areas of strategic deterrence, space, missile defense, and advanced computing and communication technologies.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the growing need mentioned in the 2024 budget request?
### Assistant: The growing need mentioned in the 2024 budget request is for weapons capability and capacity.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the purpose of the divestiture mentioned in the text?
### Assistant: The purpose of the divestiture mentioned in the text is not specified.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does Northrop Grumman expect to support freedom and security around the world?
### Assistant: Northrop Grumman expects to support freedom and security around the world by aligning with the priorities outlined in the National Defense strategy.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the role of Congress and the administration in supporting Northrop Grumman's priorities?
### Assistant: Congress and the administration provide support for Northrop Grumman's priorities outlined in the National Defense strategy.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What are the non-GAAP financial measures mentioned in the text?
### Assistant: The non-GAAP financial measures mentioned in the text are not specified.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How are the non-GAAP financial measures reconciled to GAAP results?
### Assistant: The non-GAAP financial measures are reconciled to GAAP results in the earnings release.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the purpose of the $500 million accelerated share repurchase plan?
### Assistant: The $500 million accelerated share repurchase plan is aimed at returning cash to shareholders by repurchasing company shares at an accelerated pace.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the total amount of cash returned to shareholders through dividends and share repurchases?
### Assistant: Northrop Grumman returned a total of nearly $1 billion to shareholders through dividends and share repurchases in the first quarter.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does Northrop Grumman prioritize investing in its business?
### Assistant: Northrop Grumman prioritizes investing in its business by making thoughtful investments in the capability and capacity needed to support customers' operational initiatives.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the expected timeline for the divestiture of the small minority investment?
### Assistant: The expected timeline for the divestiture of the small minority investment is not mentioned in the text.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How much did Northrop Grumman's overall funding increase compared to fiscal year 2023?
### Assistant: Northrop Grumman's overall funding increased more than 20% compared to fiscal year 2023.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Which major weapon programs received significant funding increases?
### Assistant: The major weapon programs that received significant funding increases are GBSD and B-21.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What are the franchise programs of Northrop Grumman?
### Assistant: The franchise programs of Northrop Grumman include GBSD and B-21.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How much did the total investment account funding for GBSD and B-21 increase?
### Assistant: The total investment account funding for GBSD and B-21 increased by approximately 10%.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the projected funding for the GBSD and B-21 programs in 2028?
### Assistant: The projected funding for the GBSD and B-21 programs in 2028 is expected to nearly double from about $8 billion in fiscal year 2023 to $15 billion.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How is the geopolitical landscape outside the U.S. described?
### Assistant: The geopolitical landscape outside the U.S. is described as dynamic, with global defense budgets increasing as many countries modernize and expand their defense capabilities.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is Northrop Grumman's strategy for long-term growth?
### Assistant: Northrop Grumman's strategy for long-term growth is focused on leveraging its portfolio to meet the growing global needs and making progress in international opportunities.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What recent request did Australia issue and what is Northrop Grumman's involvement?
### Assistant: Australia issued a request for AARGM-ER, a high-speed, long-range air-to-ground missile, and Northrop Grumman is a prime contractor for AARGM-ER.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How much is the potential value of the recent FMS request from Australia?
### Assistant: The potential value of the recent FMS request from Australia is over $500 million.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How many additional countries have expressed interest in the AARGM-ER capability?
### Assistant: Over a half dozen additional countries have expressed interest in the AARGM-ER capability.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What recent sale was approved by the Defense Security Cooperation Agency?
### Assistant: The Defense Security Cooperation Agency approved the sale of five additional E-2D Hawkeye aircraft to Japan.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How will the sale of additional E-2D Hawkeye aircraft to Japan impact E-2D production?
### Assistant: The sale of additional E-2D Hawkeye aircraft to Japan is expected to extend E-2D production well past mid-decade.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What areas does Northrop Grumman aim to grow its international revenue in?
### Assistant: Northrop Grumman aims to grow its international revenue in areas such as IBCS, munitions, and sensors.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What components are included in Northrop Grumman's weapons portfolio?
### Assistant: The components included in Northrop Grumman's weapons portfolio are electronics, propulsion systems, warheads, infuses, missiles, armaments, and interceptors.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What recent awards did Northrop Grumman receive for medium- and large-caliber ammunition?
### Assistant: Northrop Grumman received awards for nearly $350 million for medium- and large-caliber ammunition, Bushmaster cannon, and propulsion products for the guided multiple launch rocket system (GMLRS) in the first quarter.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What advancements is Northrop Grumman making in next-generation strike weapons?
### Assistant: Northrop Grumman is making advancements in next-generation strike weapons, including innovations in next-generation strike weapons, high-speed propulsion, and smart ammunition.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the Air Force's Stand-in Attack Weapon and what progress has Northrop Grumman made on it?
### Assistant: The Air Force's Stand-in Attack Weapon (SiAW) is a high-speed longer-range air-to-ground missile. During the first quarter, Northrop Grumman received an award that takes them to the next phase of this competitive program.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How much has Northrop Grumman invested since acquiring Orbital ATK?
### Assistant: Since acquiring Orbital ATK, Northrop Grumman has invested nearly $1 billion.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What capacity has Northrop Grumman increased for solid rocket motors?
### Assistant: Northrop Grumman has increased capacity for solid rocket motors.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Where is Northrop Grumman's missile integration facility located and what programs does it support?
### Assistant: Northrop Grumman's missile integration facility is located at the Allegheny Ballistics Laboratory in West Virginia, and it supports programs such as GMLRS, Hellfire, Precision Strike Missile, and others.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Where is Northrop Grumman building a new hypersonic center of excellence?
### Assistant: Northrop Grumman is building a new hypersonic center of excellence in Elkton, Maryland.


[INST] <<SYS>>
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<<\/SYS>>

### Human: What is the purpose of the new hypersonic center of excellence?
### Assistant: The purpose of the new hypersonic center of excellence is to provide full life cycle production for hypersonic weapons from design and development to production and integration using the latest digital engineering and smart manufacturing technologies.


[INST] <<SYS>>
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<<\/SYS>>

### Human: What percentage of company revenue does Northrop Grumman's work in missile defense represent?
### Assistant: Northrop Grumman's work in missile defense now represents approximately 10% of company revenue.


[INST] <<SYS>>
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<<\/SYS>>

### Human: What is the goal for expanding Northrop Grumman's work in missile defense in the future?
### Assistant: The goal for expanding Northrop Grumman's work in missile defense in the future is to further increase its percentage of company revenue.


[INST] <<SYS>>
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<<\/SYS>>

### Human: What are some of the franchise programs in Northrop Grumman's missile defense business?
### Assistant: Some of the franchise programs in Northrop Grumman's missile defense business include IBCS, munitions, and sensors.


[INST] <<SYS>>
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<<\/SYS>>

### Human: What is Northrop Grumman's broad missile defense portfolio?
### Assistant: Northrop Grumman's broad missile defense portfolio includes sensors, interceptors, and command and control systems.


[INST] <<SYS>>
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<<\/SYS>>

### Human: What is the role of Northrop Grumman in the next-generation Overhead Persistent Infrared (OPIR) program?
### Assistant: In the next-generation Overhead Persistent Infrared (OPIR) program, Northrop Grumman plays the role of a prime contractor.


[INST] <<SYS>>
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<<\/SYS>>

### Human: What type of orbit will the OPIR satellite constellation operate in?
### Assistant: The OPIR satellite constellation will operate at a highly elliptical orbit.


[INST] <<SYS>>
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<<\/SYS>>

### Human: What capabilities does Northrop Grumman provide in low earth orbit missile defense?
### Assistant: Northrop Grumman provides proliferated low earth orbit missile defense capabilities.


[INST] <<SYS>>
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<<\/SYS>>

### Human: What programs are included in Northrop Grumman's low earth orbit missile defense capabilities?
### Assistant: The programs included in Northrop Grumman's low earth orbit missile defense capabilities are HBTSS and recent awards for SDA tracking Tranche 1.


[INST] <<SYS>>
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<<\/SYS>>

### Human: What is Northrop Grumman's role in next-generation INTERCEPT capabilities?
### Assistant: Northrop Grumman is a prime integrator in next-generation INTERCEPT capabilities.


[INST] <<SYS>>
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<<\/SYS>>

### Human: What types of threats do the next-generation INTERCEPT capabilities protect against?
### Assistant: The next-generation INTERCEPT capabilities protect against advanced ballistic and hypersonic missile threats.


[INST] <<SYS>>
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<<\/SYS>>

### Human: What milestone did Northrop Grumman recently receive approval for?
### Assistant: Northrop Grumman recently received approval for full rate production for IBCS, an integrated air and missile defense system.


[INST] <<SYS>>
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<<\/SYS>>

### Human: What is the significance of the approval for full rate production for IBCS?
### Assistant: The approval for full rate production for IBCS allows the U.S. Army to set the fielding schedule, significantly bolstering regional defense capabilities.


[INST] <<SYS>>
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<<\/SYS>>

### Human: How will the approval for IBCS production impact regional defense capabilities?
### Assistant: The approval for IBCS production will significantly bolster regional defense capabilities.


[INST] <<SYS>>
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<<\/SYS>>

### Human: What is the expected increase in domestic deliveries of IBCS units?
### Assistant: Domestic deliveries of IBCS units are expected to increase by 40%.


[INST] <<SYS>>
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<<\/SYS>>

### Human: Which country selected IBCS for its air and missile defense modernization?
### Assistant: Poland selected IBCS for its air and missile defense modernization.


[INST] <<SYS>>
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<<\/SYS>>

### Human: Are there any other allies evaluating the IBCS system?
### Assistant: Yes, there are other allies evaluating the IBCS system.


[INST] <<SYS>>
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<<\/SYS>>

### Human: What is the current status of the B-21 program?
### Assistant: The B-21 program remains on the government's baseline for cost and schedule.


[INST] <<SYS>>
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<<\/SYS>>

### Human: Are there any material changes in the EACs for the EMD phases of the B-21 program?
### Assistant: There are no material changes in the EACs for the EMD phases of the B-21 program this quarter.


[INST] <<SYS>>
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<<\/SYS>>

### Human: When is the first LRIP award for the B-21 program expected?
### Assistant: The first LRIP award for the B-21 program is expected to be received later this year.


[INST] <<SYS>>
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<<\/SYS>>

### Human: How long is the B-21 program expected to be the centerpiece of the Air Force's long-range strike portfolio?
### Assistant: The B-21 program is expected to be the centerpiece of the Air Force's long-range strike portfolio for decades to come.


[INST] <<SYS>>
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<<\/SYS>>

### Human: What key milestones did Northrop Grumman achieve in the GBSD program?
### Assistant: In the GBSD program, Northrop Grumman achieved two key milestones. This includes the first full-scale static test fire of the Stage 1 followed rocket motor and the successful completion of a series of wind tunnel tests.


[INST] <<SYS>>
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<<\/SYS>>

### Human: What tests were conducted in the wind tunnel tests for GBSD?
### Assistant: The wind tunnel tests for GBSD tested the system in both subsonic and hypersonic environments.


[INST] <<SYS>>
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<<\/SYS>>

### Human: What did the comprehensive test campaign for GBSD validate?
### Assistant: The comprehensive test campaign for GBSD validated the digital modeling and simulations and improved design maturity of the missile.


[INST] <<SYS>>
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<<\/SYS>>

### Human: What industry award did the James Web-based telescope industry team led by Northrop Grumman win?
### Assistant: The James Web-based telescope industry team led by Northrop Grumman won the prestigious trophy for revolutionizing the field of Aster physics.


[INST] <<SYS>>
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<<\/SYS>>

### Human: What was the team recognized for in winning the industry award?
### Assistant: The team was recognized for their pioneering design and unwavering commitment in winning the industry's highest honor.


[INST] <<SYS>>
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<<\/SYS>>

### Human: How is Northrop Grumman positioned to maintain industry-leading profitable growth?
### Assistant: Northrop Grumman is well positioned to maintain industry-leading profitable growth by seeing continued robust demand for their solutions in the U.S. and abroad.


[INST] <<SYS>>
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<<\/SYS>>

### Human: What evidence supports the success of Northrop Grumman's strategy?
### Assistant: The strong start to the year and continued robust demand for Northrop Grumman's solutions support the success of their strategy.


[INST] <<SYS>>
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<<\/SYS>>

### Human: How is Northrop Grumman managing challenges in the macroeconomic environment?
### Assistant: Northrop Grumman is managing challenges in the macroeconomic environment by driving efficiencies in their business and partnering with customers to reduce inflation-related cost impacts.


[INST] <<SYS>>
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<<\/SYS>>

### Human: What was Lockheed Martin's Q1 sales growth compared to the previous year?
### Assistant: Lockheed Martin's Q1 sales grew by approximately 6% compared to the previous year.


[INST] <<SYS>>
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<<\/SYS>>

### Human: Which segment of Lockheed Martin had particularly strong sales in Q1?
### Assistant: The Space Systems segment of Lockheed Martin had particularly strong sales in Q1, with a growth of 17% year over year.


[INST] <<SYS>>
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<<\/SYS>>

### Human: Why were Aeronautics sales slightly below the projected full year run rate in Q1?
### Assistant: Aeronautics sales were slightly below the projected full year run rate in Q1 due to the timing of volume on a few of their large programs.


[INST] <<SYS>>
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<<\/SYS>>

### Human: How much did MS sales increase in the quarter?
### Assistant: MS (Missile Systems) sales increased by 3% in the quarter.


[INST] <<SYS>>
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<<\/SYS>>

### Human: Which business within Lockheed Martin's Defense Systems is experiencing strong customer demand?
### Assistant: Lockheed Martin's Battle Management and Missile Systems business within the Defense Systems segment is experiencing strong customer demand.


[INST] <<SYS>>
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<<\/SYS>>

### Human: What were the segment margins in Q1?
### Assistant: The segment margins in Q1 were 10.8%.


[INST] <<SYS>>
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<<\/SYS>>

### Human: What factors contributed to the decrease in AS margins compared to the first quarter of 2022?
### Assistant: The decrease in AS (Aeronautics) margins compared to the first quarter of 2022 was primarily because of the $67 million favorable EAC (Estimate at Completion) change on the B-21 EMD (Engineering and Manufacturing Development) phase last year.


[INST] <<SYS>>
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<<\/SYS>>

### Human: How did GS margins compare to the full year outlook?
### Assistant: GS (Global Solutions) margins were about in line with the full year outlook, adjusting for the CAS (Cost Accounting Standards) pension impacts.


[INST] <<SYS>>
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<<\/SYS>>

### Human: Why was MS slightly under its 2023 projection in Q1?
### Assistant: MS (Missile Systems) was slightly under its 2023 projection in Q1 due, in part, to a loss recognized on an unconsolidated joint venture.


[INST] <<SYS>>
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<<\/SYS>>

### Human: What contributed to the solid margins in Lockheed Martin's Space segment in the quarter?
### Assistant: The solid margins in Lockheed Martin's Space segment in the quarter were contributed to by lower Estimate at Completion (EAC) adjustments, partially offset by the sale of a license to a customer.


[INST] <<SYS>>
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<<\/SYS>>

### Human: How much sales volume did Lockheed Martin generate at the enterprise level in Q1?
### Assistant: Lockheed Martin generated sales volume of $9.3 billion at the enterprise level in Q1, representing a growth of 6% compared to the first quarter of 2022.


[INST] <<SYS>>
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<<\/SYS>>

### Human: What drove the growth in Q1 sales for Lockheed Martin?
### Assistant: The growth in Q1 sales for Lockheed Martin was driven by both their hiring trends and supplier deliveries.


[INST] <<SYS>>
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<<\/SYS>>

### Human: How much did Lockheed Martin's operating income grow in Q1?
### Assistant: Lockheed Martin's operating income grew by 6% in Q1.


[INST] <<SYS>>
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<<\/SYS>>

### Human: What were Lockheed Martin's diluted earnings per share in Q1?
### Assistant: Lockheed Martin's diluted earnings per share in Q1 were $5.50.


[INST] <<SYS>>
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<<\/SYS>>

### Human: What was the impact of lower net pension income on Lockheed Martin's earnings per share compared to the first quarter of 2022?
### Assistant: The impact of lower net pension income on Lockheed Martin's earnings per share compared to the first quarter of 2022 was over $1 per share.


[INST] <<SYS>>
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<<\/SYS>>

### Human: What were the Q1 benefits below the segment line that contributed to Lockheed Martin's earnings per share?
### Assistant: The Q1 benefits below the segment line that contributed to Lockheed Martin's earnings per share included other corporate unallocated expenses of only $4 million, favorable marketable securities, and a Q1 estimated tax rate of 15.6% that was lower than the full year forecast.


[INST] <<SYS>>
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<<\/SYS>>

### Human: Why did Lockheed Martin experience an outflow of cash in the first quarter?
### Assistant: Lockheed Martin experienced an outflow of cash in the first quarter primarily due to working capital timing.


[INST] <<SYS>>
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<<\/SYS>>

### Human: How much were Lockheed Martin's capital expenditures in Q1?
### Assistant: Lockheed Martin's capital expenditures in Q1 totaled $309 million.


[INST] <<SYS>>
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<<\/SYS>>

### Human: What was Lockheed Martin's first quarter operating cash flow?
### Assistant: Lockheed Martin's first quarter operating cash flow was a usage of approximately $700 million, consistent with historical trends.


[INST] <<SYS>>
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<<\/SYS>>

### Human: How does Lockheed Martin forecast the cash flow for Q2 this year compared to Q2 last year?
### Assistant: Lockheed Martin is currently forecasting a modest inflow of cash in Q2 this year, compared to the cash outflow in Q2 last year.


[INST] <<SYS>>
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<<\/SYS>>

### Human: What was the first cash tax payment Lockheed Martin made in April?
### Assistant: In April, Lockheed Martin made its first cash tax payment of the year, including the R&D taxes owed associated with Section 174.


[INST] <<SYS>>
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<<\/SYS>>

### Human: How much cash taxes associated with Section 174 does Lockheed Martin project for the full year?
### Assistant: Lockheed Martin projects over $700 million in cash taxes associated with Section 174 for the full year.


[INST] <<SYS>>
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<<\/SYS>>

### Human: What is Lockheed Martin's projection for the book-to-bill ratio for the year?
### Assistant: Lockheed Martin projects a book-to-bill ratio just under 1.0 for the year.


[INST] <<SYS>>
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<<\/SYS>>

### Human: How does Lockheed Martin expect its second quarter sales to compare to Q1?
### Assistant: Lockheed Martin expects its second quarter sales to be in line with or slightly higher than Q1 and less than 25% of the full year estimate.


[INST] <<SYS>>
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<<\/SYS>>

### Human: What is Lockheed Martin's commitment regarding capital deployment and returning cash flow to shareholders this year?
### Assistant: Lockheed Martin remains committed to returning more than 100% of its free cash flow to shareholders this year via dividends and capital deployment.


[INST] <<SYS>>
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<<\/SYS>>

### Human: What is Lockheed Martin's plan for share repurchases?
### Assistant: Lockheed Martin's plan for share repurchases is to initiate a $500 million accelerated share repurchase in the first quarter.


[INST] <<SYS>>
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<<\/SYS>>

### Human: How much stock does Lockheed Martin plan to repurchase?
### Assistant: Lockheed Martin plans to repurchase roughly $720 million of stock in the period, including the open market repurchases.