“We expect that will continue throughout the year. We expect to meet some milestones this year. We're targeting as much as possible this year. But I think for purposes of financial modeling, we would expect, this to bleed into 2026.”

In context

“F-16 margins as well. But bottom line, again, it comes back to the net profit adjustments being lower. Operator: The next question comes from Matt Akers with Wells Fargo. Your line is open. Matthew Akers: Yes. Hey, guys, good morning. Thanks for the question. I guess a couple on F-35, you talked a little bit about the progress toward Tech Refresh 3. What exactly is left to get? Kind of the final withhold. How big is that? And are you assuming you get that within 2025 and then wondering if you could touch on Lot 19 and kind of how the discussions are going there. Jay Malave: Well, on the TR-3 capability, we continue to make excellent progress there. There's a number of things that we still have to complete some mission system integration work as well as improving system stability overall. We expect that will continue throughout the year. We expect to meet some milestones this year. We're targeting as much as possible this year. But I think for purposes of financial modeling, we would expect, this to bleed into 2026. Ultimately, the declaration of full combat capability is one that is left with our customer. And so we'll be coordinating with them and working with them on that. But what I can tell you is that we're pleased with the progress we've made thus far and the team is working at a pretty good pace here with our supplier partners on improving A, the mission system capability and as well as improving overall system stability. The second part of the question was Lot 19. So that has been negotiated really in parallel with the Lot 18 negotiation. Just for clarity, Lot 18 is under undefinitized contract action. So we still have to definitize that under. As Jim mentioned, we expect that to be done in the first half of this year. And then shortly thereafter in the second half of this year, we would als”