Aug 09, 2023 / 08:15PM GMT
Ronald Jay Epstein - BofA Securities, Research Division - MD in Equity Research & Industry Analyst
Cool. Can you hear me?
Colin Canfield - Rocket Lab USA, Inc. - IR Manager
Yes.
Ronald Jay Epstein - BofA Securities, Research Division - MD in Equity Research & Industry Analyst
Good. All right. So let's start with.
Questions and Answers:
Ronald Jay Epstein - BofA Securities, Research Division - MD in Equity Research & Industry AnalystCan you talk about the company's financial strategy around contract exposure, CapEx and M&A?
Colin Canfield - Rocket Lab USA, Inc. - IR Manager
Sure. So we lean in 100% fixed price trying not to do cost plus work, referring to -- relative to defense primes, and that enabled us to kind of take a better risk-reward train that delivers what we view as best-in-class value for our customers as well as better margins for Rocket Lab.
In terms of kind of the CapEx and M&A
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