“All in, we expect to grow operating profit to approximately $10 million in 2028 and generate free cash flow in excess of net income, creating compounding returns.”

In context

“, back to you. Lawrence Culp: Rahul, thanks. As we take flight as GE Aerospace, we have sustained competitive advantages with a tremendous value proposition. With the industry's largest and growing fleets, our platforms are preferred by customers, across the narrowbody, widebody and defense sectors. We are aiming to provide industry-leading reliability and durability, prioritizing SQDC in that order. This means delivering unmatched time on wing and faster turnaround times for our customers. With our deep domain expertise and engineering talent, commitment to innovation and capacity to invest, we are poised to deliver breakthrough technologies in both commercial and defense. And with FLIGHT DECK as our foundation, we will deliver for customers and create exceptional value for shareholders. All in, we expect to grow operating profit to approximately $10 million in 2028 and generate free cash flow in excess of net income, creating compounding returns. We are making meaningful progress to advance our strategic priorities and service of our customers, employees and shareholders while keeping an eye towards the future and paving the way with innovation for a more sustainable flight. Now Blaire, let's go to questions. Blaire Shoor: Before we open the line, I'd ask everyone in the queue to consider your fellow analysts and ask one question so we can get to as many people as possible. Liz, can you please open the line? Operator: (Audit Start) [Operator Instructions] Our first question comes from Robert Spingarn with Melius Research. Robert Spingarn: Good afternoon. Lawrence Culp: Good morning, Rob. Rahul Ghai: Hey, Rob. Robert Spingarn: I don't know who wants to take this one, but I wanted to ask you, just given the slower ramp on the narrow”