“I feel really good about our overall plan for the year even though I expect the China situation will take away some of the headroom we've built with our strong first quarter deliveries at BCA.”

In context

“rs and we're actively assessing options for remarketing already built or in process airplanes. And for the nine airplanes not yet in the production system we're engaged with our customers to understand their intentions for taking delivery and if necessary, we have the ability to assign those positions to other customers. It's an unfortunate situation but we have many customers who want near-term deliveries so we plan to redirect the supply to the stable demand and we're not going to continue to build aircraft for customers who will not take them. We've bounded our exposure and until we get more clarity, we're going to do our best to keep the China situation from impacting our production flow. We put in place a conservative recovery plan this year anticipating some perturbations or risk so I feel really good about our overall plan for the year even though I expect the China situation will take away some of the headroom we've built with our strong first quarter deliveries at BCA. We continue to work this situation proactively with the administration and it's clear that they understand the importance of the aerospace industry to the U.S. economy and the role that Boeing plays as a top U.S. exporter. So before I wrap up my prepared remarks I want to recognize and thank our employees for their work in the quarter. We've really had a good start to the year and I'm glad we put a conservative plan together that allow us to deal with the tariffs. Let me also give a special shout out to Matt Welch who is moving on to his new role as BCA CFO. He's done a great job for us so congratulations and thanks Matt for all you've done. Now let me hand it over to Brian to detail the operating results before we take your questions. Brian? Brian West: Thanks Kelly. Good morning, everyo”