“Services is growing this year. As is, by the way, special mission, which is driving a lot of the revenue increase this year, but we should see nice steady growth over time in the service sector.”

In context

“step-up from 1 to 2 will be somewhat bigger than one might normally look for? Phebe Novakovic: I tried to give you that in my remarks, but this is really a Lot 1 issue. Cai von Rumohr: Got it. Thank you. Operator: Our next question comes from Jason Gursky at Citi. Jason Gursky: Hey, good morning everybody. Phebe, I just wanted to spend a few minutes talking about the services business in Aerospace. And just some of the trends that you're seeing there with the fleet utilization and what you're seeing in the competitive environment in that business as well? Phebe Novakovic: So on the service side, services, as we said before, will grow with the expansion of the fleet. Our objective is to get as much of the Gulfstream worked as possible, and we've got the vast preponderance of that already. Services is growing this year. As is, by the way, special mission, which is driving a lot of the revenue increase this year, but we should see nice steady growth over time in the service sector. And there's no real -- with respect to services, there's no real difference in any of the competitive environment. Jason Gursky: Okay. Great. And then turning to Technologies and maybe using a bit of your crystal ball on the pipeline and the outlook for bookings and book-to-bill there. What's the environment look like there for you all over the next, I don't know, 12, 18 months on the pipeline and the outlook for book-to-bill for the Technologies business? Phebe Novakovic: So we continue to see a very active pipeline. I think the available market at the moment is over $120 billion, it's pretty robust. And we've been winning our fair share and a little bit more than our fair share. So we believe that over time, that will continue as it has in the last couple of years drive services growth”