“You'll see coming out in our 10-Q that we've actually ranged the potential losses on this program, which would be in excess, additional losses in excess of $1 billion.”

In context

“onal or could have additional losses in the back half of the year associated with this classified program. And so what our guide, what it implies from where we are today, we reported $100 million is in a range of another $225 million in the back half of the year, which would be provided for in this expectation. Now, going beyond that, we've talked about this, and I'll just deal with the question upfront in terms of can timing change? And it's possible that we could record additional losses here in 2024 depending on other factors as the year goes on, there's factors such as technical milestone achievement through the balance of the year, discussions with our customers, visibility to funding. So all of those factors go into the determination and whether you have to recognize a loss earlier. You'll see coming out in our 10-Q that we've actually ranged the potential losses on this program, which would be in excess, additional losses in excess of $1 billion. So at least you could have an opportunity to size it. The timing of which is still to be determined. We've got about $225 million at least embedded in our guide for the balance of the year. Going back to MFC for the year, if you really take apart their expectation, the impact of this at $325 million of losses in the year anticipated, they're offsetting a fair amount of that in their guide. I mean, the impact of that is 270 basis points alone. And their total full year guide is down about 210. And so you're seeing offsetting improvement within MFC, it's not entirely one-for-one, but their underlying performance has been solid and we expect that to continue. Jim Taiclet: And Peter, it's Jim. I used to fly these aircraft for the USAF and I can assure you that the capability that's being deve”