“So we do expect a couple of hundred million dollars of profit headwind in '25.”

In context

“aging what we've learned, particularly in hot and harsh environments, we've got over 1,600 dust ingestion tests that are behind us. So we continue to learn and iterate there. I think we're on our second generation of both the HPT blades. And the CMC nozzles. So a lot happening in this regard. Rahul, maybe you can hit some of the modeling assumptions? But we're excited to be underway, and I think this is going to be a winning platform in the marketplace. Rahul Ghai: Yes, absolutely. So on the losses, I think Larry touched on some of the trends that are underpinning this, David. We shipped our first engines to Boeing last year, and we are increasing our shipments to Boeing this year in 2025, all in the second half of the year. And these are initial shipments with kind of the highest losses. So we do expect a couple of hundred million dollars of profit headwind in '25. And that is no change to prior expectations. Now we're working to get the cost down. We expect to take about 30% of the cost out by the time we hit the 50th unit, another 30% out by the time we get to the 250th engine. So we'll move -- start moving past kind of peak losses which we expect a year after entry into service for the platform, right, which we are still expecting that to be in 2026. So -- and then as we think about the '28 guidance that we've provided, the losses per engine start to come down. But still, since the volume is still growing, we do expect the losses to be a few hundred million dollars higher in '28 versus where we are in '25. So you're seeing kind of then we move past that, and we expect the program to get profitable as we get into the 2030s. So that's our expectati”