“And we do have a line of sight and a path to get overall back to 11%, including the absorption of these losses on the MFC classified program, but it's going to be a gradual march back up.”

In context

“isit our production cadence at that point in time. But right now, all signs are pointing to our production and delivery restart here in the third quarter. Myles Walton: Okay, thank you. Operator: Thank you. And the next question is from the line of Scott Deuschle from Deutsche Bank. Please go ahead. Scott Deuschle: Hey, good morning. Jim Taiclet: Good morning. Jay Malave: Good morning, Scott. Scott Deuschle: Jay, here to ask on 2025, but at a high level, is the 10.5% total company margin guide for '24, is that the right jumping off point for thinking about 25%, or is it the 11% underlying margin, or is it the 10.8% margin you did in '23, just in terms of identifying jumping off point for thinking about '25? Thank you. Jay Malave: Yes, I think you do have to start at the 10.5% to jump off. And we do have a line of sight and a path to get overall back to 11%, including the absorption of these losses on the MFC classified program, but it's going to be a gradual march back up. And so I wouldn't expect it to snap back in 2025. I would expect there to be in the range of, say, 10 to 20 basis points of improvement starting in '25, and that to continue to grow at that rate until we get back up to 11. Operator: Thank you. And your next question is from Gavin Parsons from UBS Equity Research. Please go ahead. Gavin Parsons: Hey, good morning. Jay Malave: Good morning. Gavin Parsons: Jay, what does the pension contribution schedule look like beyond 2024? And do you have any opportunity to pull that forward or use the balance sheet to offset that? Jay Malave: Yes, a good question. That's something that we've contemplated. Just where we are from a baseline perspective, zero contributions required in 2024. 2025, we're looking at in the range of about $1 billion of require”