“We’ve already increased munitions capacity and working with the federal government and the Army and OSD in particular, we have a very detailed plan to further increase capacity, which will allow us then to increase production very rapidly and move to the left, the munition availability to meet the United States’ needs and, frankly, external needs as well.”

In context

“ood morning, Phebe and Jason. Congrats, Howard. Hey Phebe, within Combat, munitions kind of is viewed as a potential source of kind of upside volume, and thanks for all the color on the segment. But how should we be thinking about the munitions growth profile? I mean, it’s about -- finished last year, about 27% of your mix. Do you expect that mix to continue to grow? And any comments on the supply chain there as my follow-up, just because I know there’s been talk about challenges there. Thanks. Phebe Novakovic: The supply chain in the Combat group has been less of an issue. I suspect that the -- at least for the foreseeable future, the munitions portion of the business will remain about that, same as we see uplift in all of our all three businesses. We’ll see OTS at about that same level. We’ve already increased munitions capacity and working with the federal government and the Army and OSD in particular, we have a very detailed plan to further increase capacity, which will allow us then to increase production very rapidly and move to the left, the munition availability to meet the United States’ needs and, frankly, external needs as well. Howard Rubel: Operator, we’ll just take one more question, please. Operator: And our final question for today comes from the line of George Shapiro from Shapiro Research. George Shapiro: Good morning, and congratulations, Howard. I didn’t figure I’d outlast you, but we’ve known each other a lot of years and... Howard Rubel: George, it’s over 40, just counting. George Shapiro: That’s right. Phebe, on the defaults that you mentioned, can you just mention what kind of customers they might have been? And I assume you keep the down-payments that might have been made on the aircraft that they order? Phebe Novakovic: So I think you know we have very strong terms and conditions that you forfeit some of your value in the airplane when you cancel. I don’t actually know the context of the default, t”