Market position and competition · Pricing pressure and margin compression
Under firm, fixed-price contracts, work performed and products shipped are priced at a fixed amount without adjustment for actual costs incurred... These contracts carry the risk of potential cost overruns because we assume all of the cost burden.
Market position and competition · Disruptive competitors and new market entrants
In addition, competition may increase and intensify as more or larger competitor companies, including those formed through joint ventures or consolidation, enter our markets.
Strategic execution · Joint venture and partnership risks
Starlab is currently a joint venture that we own with other co-venturers and investors... Our current joint venture investment in Starlab and any future joint venture investments we engage in involve additional risks distinct from investments that are wholly-owned.
Strategic execution · Geographic expansion and market entry
We conduct business internationally through various products and services, including the ISS, and we intend to continue to do so in the future, including upon operation of Starlab.
Strategic execution · Merger acquisition and divestiture risks
Our current and future acquisitions, dispositions or strategic transactions may fail to successfully integrate with our business activities or fail to deliver the expected return on investment and could have a material adverse effect on us.