“Given ongoing supply chain constraints, we expect material inflation to stay elevated, but pricing actions should more than offset that impact.”

In context

“roughly $8.5 billion of cash by '28. Our updated outlook from profit and free cash flow, both represent a raise of $1.5 billion versus our prior outlook. On Slide 21, looking closer at our profit growth drivers between '25 and '28. Starting on the left at our new '25 profit midpoint of $8.35 billion. The most significant driver of profit growth will be nearly $8 billion of commercial services revenue growth between '25 and '28. This will be partially offset by a mid-teens increase in equipment revenue, including higher LEAP and GE9X shipments and the normalization of spare engine ratio. We expect incremental GE9X losses of a few hundred million dollars in '28 versus '25 given higher volume. DPT revenue growth of mid-single digits at improving margins will also contribute to profit growth. Given ongoing supply chain constraints, we expect material inflation to stay elevated, but pricing actions should more than offset that impact. And we are leveraging FLIGHT DECK to drive 2 points of productivity annually as we reduce waste by lowering the nonproductive and overtime in our shops and increased output per employee. At the same time, we are stepping up R&D investments, to improve lead durability, support the GE9X ramp and advanced technologies supporting the future of flight. Overall, these actions will add more than $3 billion of profit between '25 and '28. And despite the introduction of a new wide-body platform and significant new product ramps double-digit annualized growth in services will support margin expansion. So let's unpack commercial services revenue in 22 -- in Slide 22. As you can see, both narrow-body and wide-body are well positioned to deliver sustainable growth. Today, CFM engines power approximate”