“Now, BDS is going to move positive despite a continued drag from the charges, primarily from the benefit of favorable receipt timing that's natural and seasonal in that part of the business.”

In context

“ndar year, but importantly, positive momentum as we accelerate cash flows exiting the year that sets us up very nicely for 2026. Now, in terms of levers, the first half of the year, BCA is going to be negative driven by the working capital usage and continued investment in the 777X program. BDS is going to be negative due to the prior period charges running through, as well as normal seasonality as it pertains to customer receipts. And BGS is going to be nice and steady contributing to the first half. As we go to the second half, BCA is expected to flip positive, because then we'll get the benefit of the working capital as deliveries accelerate while we still invest in the 777X program. Again, it's all going to be a function of our ability to work those higher deliveries in the back half. Now, BDS is going to move positive despite a continued drag from the charges, primarily from the benefit of favorable receipt timing that's natural and seasonal in that part of the business. And then BGS, we tend to have a better second half than first half, so it's going to be a nice steady but growing profile for the second half. And as I mentioned, the CapEx is going to be a bit higher, but for good reason, because that's all about growth. So, in terms of the numbers that you described, that's a reasonable ballpark of what we're aiming at, and we're managing all the levers and keeping you updated as we move through the course of the year. Peter Arment: I appreciate it. Thanks. Operator: The next question is from Sheila Kahyaoglu from Jefferies. Please go ahead. Sheila Kahyaoglu : Hey, good morning. Hey Kelly, maybe on the fixed price development programs within BDS, it seems like the timing to stabilize those keeps getting pushed to the right. How are you actively managing”