“And we’re going to that’s going to essentially stay elevated for the next few years.”

In context

“kers: Great, thank you. Operator: Thank you. And the next question is from Peter Arment from Baird. Please go ahead. Peter Arment: Yes, good morning, Jim and Jay. Hey Jay, thanks for all the color on the F-35. I was wondering just regarding like when we think about all the backlog growth you have now you’ve got a pretty big step up in CapEx this year, mid-teens growth? How are we thinking about just kind of supporting the backlog? Are you expecting kind of the CapEx profile to kind of level off here? Or are you expect that to increase and maybe also related to how you’re thinking about working capital in the same context? Thanks. Jay Malave: Yes, on CapEx, I would definitely expect it to increase in the back half of the year. We’re still holding our forecast of $1.95 billion for the year. And we’re going to that’s going to essentially stay elevated for the next few years. So a lot of that is investment in capacity and production capability, as Jim mentioned in his prepared remarks. And so we expect that to return kind of remained fairly level. On the working capital side, that for us is a is a source of opportunity. We expect that to really to what we’re trying to do is take it back down to what we performed, from a day’s perspective over the past, say 2020 2021, and some period of 2022. And so, while we’re increasing volumes, you would expect working capital to increase as well. We believe there’s efficiency opportunities to perform at levels we’ve been able to perform in the past and make that at a minimum, not a use of cash. And if we’re fully successful, make it a source of cash in spite of growth. And so that’s our view, particularly the back half of”