CLAIM #25376 · GD (GD) · 2023Q3 earnings call · Oct 25, 2023 · due Dec 31, 2024
“that naturally is an adder to the outlook for 2024.”
Jason Aiken · CFO
In context
“ime now is that if we can achieve certification in the, call it early to mid December time frame, then we’ve got a good shot at getting the planned deliveries of G700s out the door this year. Obviously if that pushes further to the right, that puts that a little bit at risk. To your point about 2024, it’s probably not appropriate to get into specifics about next year until we go through our plan period, which we’ll engage in coming up here in the next month or two, but I think the way to think about this is a lot of what we’ve been talking about this year between the supply chain challenges, as well as the G700 cert timing, is really timing issues, and to your point, to the extent some of the deliveries that we anticipated this year don’t happen, that really just pushes into next year, so that naturally is an adder to the outlook for 2024. But what we can’t do yet is declare victory on the supply chain issues and say that by early next year, they’re going to be completely solved, so a lot remains to be seen as to the timing of how that ultimately works itself out. I think it’s that that will determine the net impact to 2024, so I think a little bit more time is going to be needed to see between what pushes out of 2023 into 2024 and the timing of the supply chain fix, what the net impact is to that ’24 outlook. I think we’ll have a better sense of that when we come back to you with guidance in January. Peter Arment: Appreciate the color, thanks Jason. Operator: We will take our next question from David Strauss with Barclays. Your line is open. David Strauss: Thanks, good morning. Jason Aiken: Good morning David. David Strau”
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SEC filings for GD ↗ · Claim quote is verbatim from the 2023Q3 earnings call.