“We will deliver 19 G700s, and we’re not going to tell you margins will be accretive.”

In context

“re detail on the mix and how that’s impacting? Thanks. Phebe Novakovic: Yes. So mix in this instance is comprised of two elements. One is the capacity expansion, which I noted carries lower margin. And then it’s really the transition from more mature programs to newer programs, and those margins will improve as we come down our learning curves. Operator: Your next question comes from the line of Cai von Rumohr from TD Cowen. Cai von Rumohr: Terrific. Thanks so much. So -- and Howard, let me say, you’ve been terrific to work with and a great friend, and I wish you all the best. Howard Rubel: Thank you, Cai. Cai von Rumohr: So, Phebe, how many 700s are you assuming to deliver in the fourth quarter? And what kind of margin for error is there in terms of timing in terms of... Phebe Novakovic: We will deliver 19 G700s, and we’re not going to tell you margins will be accretive. Nice try. Well, have we ever given you margins by airplane? Cai von Rumohr: No, no, no. I just -- so -- and next -- I didn’t mean -- I meant how much time-wise, a cushion you have in the schedule if the certification slips. Phebe Novakovic: You mean the schedule for the 700 certification? Cai von Rumohr: Yes. I mean, is your best guess that you certify in the middle of November, in middle of December, which could impact the amount number of planes you get out… Phebe Novakovic: So, what we’ve told you is our best estimate right now of the certification process. Clearly, if it comes very late in the year, we’ll deliver airplanes, but we won’t necessarily be able to deliver all of them. That will bleed over into the best first quarter GD has ever had in its history. But we’re not anticipatin”