“So what we're doing right now is working to absorb that growth while increasing margins. So we believe this is a prudent plan.”

In context

“dge. Okay. And then, Danny, given the strong orders and demand at Gulfstream, as well as the strength on the production and supply chain side, I guess, wouldn't the delivery growth in 2026 be higher than this 1% increase? Ask another way. What's the limiting factor on delivery growth at Gulfstream? Phebe Novakovic: So well, let me take that on. We have provided you with the deliveries that we are quite comfortable at the moment that we can execute. Final test, delivery tend to be the long poles in the tent. But we are working to expand our completion capacity through increased efficiency and where necessary additional tooling and fixtures. But let's just put this in some perspective. '24, we had a 30.5% increase in revenues, and from '25, we had a 16.5%. That's in the hard-to-do category. So what we're doing right now is working to absorb that growth while increasing margins. So we believe this is a prudent plan. It's focused on meeting our obligations to our customers. And expanding our productivity. Scott Deuschle: Makes sense. Thank you. Phebe Novakovic: We'll move next to Sheila Kahyaoglu at Jefferies. Sheila Kahyaoglu: Good morning, everyone, and great quarter. Maybe, just on your last comments, given we're on Aviation, the order momentum has been secured. Can you talk a little bit about what's driving that? Maybe by geography, was it bonus depreciation? Or is it the new model into you have going in? Phebe Novakovic: I think a number of factors have driven the increased demand. Certainly, our new products have. The 800 led the demand, followed by the 700 and the 600. I suspect bonus depreciation was a factor as is the strength of various economies. I would also tell you that the pipeline is a”