It ramped up faster, customers adding scope that has the hand in the guidance range. If we look at Spectral, that one is ramping up ahead of plan as well. Customer really likes the open architecture and our software-based approach. We mentioned that that would start up with planning and design. Clearly, given the nature of the world events, we’ve had many more meetings than we believe we would have. Navy is very, very pleased and very impressed by the pace of our work and innovation. And last, many of you have written about this. Our large Intel job ramped up ahead of plan. We’re providing network and exploitation. We’re delivering as you would assume we would. The government selected the technically superior solution and they’re getting superior results and that’s driving even better top-line growth than we had originally expected.
Operator: Your next question comes from the line of Louie DiPalma with William Blair. Your line is open.
Louie DiPalma: Good morning, John, Jeff, and George.
John Mengucci: Good morning.
Jeffrey MacLauchlan: Good morning.
George Price: Hey, Louie.
Louie DiPalma: You referenced your three large wins over the past year, and it seems there are four if you include your defense Intelligence Agency ECS three award. The slide deck also discussed how awards or newer awards over the past year have approximately a six-year duration. But if you were to group these four like mega-billion dollar contracts together, when would you expect the revenue run rate to be fully ramped? And I think, John, you just said that Spectral is ramping faster than initial expectations, but is it a smooth three-year runway? Yeah, that’s the initial question. Thanks.
Jeffrey MacLauchlan: John will want to add to this, but they really vary, Louie. I mean, the NSA Intel job is ramping relatively quickly, and it will kind of reach its steady state run rate over the next handful of quarters. EITaaS and Spectral in particular are a little bit slower ramp because the front end of the program really is focused on planning. So the fact that those planning phases are proceeding ahead of schedule doesn’t obviate the fact that they are still in the planning phase. So those will continue to ramp into — well into FY’25 or so. I don’t know do you want to add anything about ECS three?
John Mengucci: No, I mean, look, that’s a very recent win. We’re working through start-up with our customer set, Louie, very de minimis as we get out of ’24. So you’ll see that one ramp more in the ’25 period in.
Louie DiPalma: Great. And a lot has been made about increased R&D associated with SA Photonics. But as these programs are ramping, do they initially carry a lower than company average margin structure, and so should the margin profile for these four awards increase over the next two years?
Jeffrey MacLauchlan: Yeah, there isn’t necessarily a one size fits all here, but as a general rule, you’re thinking about it the right way. I mean, they’re less profitable in the beginning as we’re ramping up and focused on produceability and transitioning into production. And of course, rate, production becomes more profitable, both more profitable in terms of rate, but also volume.
Operator: There are no further questions at this time. I will turn the call to John Mengucci for closing remarks.
John Mengucci: Thanks, Sarah, and thank you for your help on today’s call. We would like to thank everyone who dialed in or listened to the webcast for their participation. We know that many of you will have follow-up questions. Jeff McLauchlan, George Price, and Jim Sullivan, who has joined our IR team, are available after today’s call. Stay healthy and all my best to you and your families. This concludes our call. Thank you and have a great day.
Operator: This concludes today’s conference call. We thank you for joining. You may now disconnect your lines.
