“But as we look through the year, we expect the ramp to continue to go up, and as you can tell from the inventory levels that we have at Collins, feel well positioned to meet a rising rate ramp should we see a faster growth as the year unfolds.”

In context

“: It's probably a question for Neil. On the 2025 aerospace OEM guidance, it looks pretty conservative compared to what Airbus and Boeing are currently saying. So, wondering if you built some contingency into your forecast or if there's anything going on with inventory, for example, that's impacting that guidance? Thank you. Neil Mitchill: Sure. Yeah. Let me make a couple of comments, Rob. Let me start with the Collins side. Understand the question with production rates anticipated to be going up considerably, there's obviously a little bit of inventory in the channel here, and we've taken a prudent approach, I think, at this time of the year to contemplate that in the Collins outlook. It's not across the board. I think it's targeted to specific systems within the narrow-body value stream. But as we look through the year, we expect the ramp to continue to go up, and as you can tell from the inventory levels that we have at Collins, feel well positioned to meet a rising rate ramp should we see a faster growth as the year unfolds. On the Pratt side, maybe just a couple of comments for additional color there as well. Large Commercial Engines, we were up 14% in unit deliveries last year. I expect a similar level of unit growth as we look to 2025. And then as you look at Pratt Canada, they were relatively flat, up about 1% on their units, but we expect that to tick up as well in '25, probably similar to what we're seeing on the Large Commercial Engines side in terms of units. Offsetting that, of course, is a little bit of mix headwind, but we're pretty happy with the performance that Pratt generated at the end of the year. Good pricing on their engines. And we see that continuing as we get into '25. Now, a little bit early to kind of get ahead of ourselves here, but if there's upside, we're prepared to, and capacitize”