'd like to thank you all for joining us here at the National Press Club this morning in another briefing of an ongoing program of briefings that Northrop Grumman offers here at the Press Club.

Northrop Grumman is focusing its National Press Club briefings to define its core areas of capabilities. We affectionately refer to them as our four pillars: cyber, which we briefed here at the end of May, C4ISR and unmanned systems, which we will be briefing in the coming months, and today, logistics.

Northrop Grumman delivers innovative logistics solutions, enabling affordability, effectiveness, and global mission readiness, from modernization and sustainment, to supply chain management, training, and simulation, high technology services, and automated test equipment. We offer the full spectrum to support or meet any mission requirement.

Northrop Grumman has logistics expertise across the organization. To ensure that we are bringing value to our customers, we approach logistics in a cross-company, integrated team concept. Today you'll hear from Northrop Grumman's logistics experts, as they discuss the marketplace and how mission execution, effectiveness, and innovation for affordability define the company's performance in this critical area. Today, 70 percent of the cost of a military system is in sustaining and modernizing that product over its entire lifecycle, while 30 percent of the cost is in its research, development and production.

Today's briefing is structured to provide you with some insight into Northrop Grumman's approach to innovative logistics, how we think about it, how we define it, and how we approach it. To exemplify and expound on our approach, today on our panel are four subject matter experts. To my immediate left, Chris Jones, the corporate Vice-President and President of Northrop Grumman's Technical Services Business Sector. Next to Chris is Tom Moore, Director, Systems Engineering and Logistics, Electronic Systems Sector. Jim Zortman follows, Sector Vice-President, Global Logistics and Operational Support, Aerospace Systems Sector. And last but certainly not least is Steve Hogan, Sector Vice-President and General Manager, Integrated Logistics and Modernization Division of our Technical Services Sector.