“Just going back to the MFC in terms of the outlook, we're going to be pressured on margins, probably for the next four to five years and predominantly from this program.”

In context

“13.5% range really due to these two items. The step-up with profit adjustments will be lower for the balance of the year and the dilutive impact, it becomes more profound in the back half of the year. As far as other fixed-price production programs we’re really -- that's pretty much the large one that we're tracking. We've had the program at Aeronautics, that -- we took a charge in 2021 and we continue to monitor that program, it's fixed-price development. We still have multiple years of development on that program, and so and that's one that we continue to keep an eye on. But I think, Greg Ulmer and his team are really managing that and laser-focused on driving to the customer’s requirements in meeting their schedule and doing it when the cost objectives that we have currently laid out. Just going back to the MFC in terms of the outlook, we're going to be pressured on margins, probably for the next four to five years and predominantly from this program. It'll step up, it'll probably peak out in 2025 and then stabilize from there. The question -- other question I've been asked on MFC is whether they can grow absolute profit and the answer to that question is yes. And so while we may see some dilutive impact to margins, we may see profit maybe be flat from one year to another. Overall, over the next four to five years, we will see profit grow at MFC. And so, those are pretty much the answers to your questions. Thank you, Cai. Operator: Thank you. And the next question is from Ron Epstein from Bank of America Securities. Please go ahead. Ron Epstein: Hey, good morning, guys. Jim Taiclet: Good morning. Ron Epstein: A question for you -- maybe a bigger-picture question. Now Secretary Kendall was out without talking about NGAD and kind of rest”