“There is strong demand for these airplanes and we are actively assessing options should we need to redirect the 41 China airplanes that are already built or currently in production.”

In context

“outside the U.S. and importantly the company has a large and diverse backlog of over $0.5 trillion with our key commercial programs sold out into the next decade. Specifically on China, it represents approximately 10% of our commercial backlog and if we need to redirect supply to more stable demand the strong market backdrop across the rest of the world still supports our planned production rate increases. Regarding free cash flow, we set a conservative plan for the year and had a strong start operationally which we believe puts us in a position to largely offset any potential cash flow impact of China deliveries this year as well as higher expected input costs due to tariffs. Regarding deliveries our plan for the rest of the year was to deliver roughly 50 airplanes to customers in China. There is strong demand for these airplanes and we are actively assessing options should we need to redirect the 41 China airplanes that are already built or currently in production. We will continue to monitor the demand situation and if tariff related impacts expand beyond China, we would expect to see additional pressure. Broadly the markets we serve continue to be significant and our backlog of more than a $0.5 trillion demonstrates the strength of our core product portfolio. Long term these fundamentals underpin our confidence in managing the business with a long-term view built on safety quality and delivering for our customers. And before I open it up for questions, I too would like to thank Matt Welch for his partnership over almost four years and we all know they weren't easy four years. He's a terrific Boeing leader and we wish him all the best in his new promotion, and we welcome Eric Hill into the IR role. With that, we'll open it for questions. Operator:”