Seth Seifman: Excellent. Okay. Thanks very much. I’ll stick to one this morning.
Operator: Thank you. [Operator Instructions] Our next question today comes from Myles Walton from Wolfe Research. Myles, your line is open. Please go ahead.
Unidentified Participant : Good morning. This is actually Emily on for Myles. Hi, everyone.
Christopher D. Kastner: Hi, Emily.
Unidentified Participant : So on a ship — Hi there. Another shipbuilding margin question. So, thanks for some additional color on 2024, but I was wondering, are you all able to do any leveling of quarterly cadence for ‘24 at this point? Is there a skew towards either half of the year or quarter-to-quarter? Any color on that would be great.
Thomas E. Stiehle: Yes. So I think it’s just a little premature. Obviously, we have some tentative plans right now. We work ourselves through the final planning process for ‘24 and on at the end of this year. We bring that to our internal management and Board here. Once we get that kind of solidified, I’d really like to take a look to see at the actuals at the end of the year, we’ve talked about those milestones, which we anticipate to hit in Q4, but they just get trickle into Q1. If that does, it would change the shape. So I wouldn’t want to get ahead of myself. But, we still maintain the same thesis here of expectation of incremental margin improvement. We think, I mentioned earlier with COVID getting further behind us, us putting the energy into hiring, extra training, retention.
The material seems like it’s stabilized. It’s not where we want it to be, but we have to get that improve, with the maturation of the workforce, anticipation of less rework, the roll over or the portfolio of the existing ships that have increased EACs and scheduled extensions. There’s a lot of positiveness kind of going into the follow on years here. And I would anticipate that to grow for shipbuilding. On the Mission Technology side, we’ve talked about still scaling that business. We’ve seen some fantastic growth going on the topline. And we have some work to go do and how we get our margins higher there, a little bit more on the fixed price instead of just, at 85% in cost type, additional technology, which should be able to have us deploy IP technology, more products, a little bit more products and services.
That should be able to put a premium on what we bid and what we achieve there. So, I would expect, improvement in the margin and at the Q4 call in February we’ll give you the shape of next year.
Unidentified Participant : Sounds good, Tom. And then, one quick follow-up. So on the maintenance side, that’s something that the Navy been pounding the drums about for a long time. Have you all been getting any more visibility from the Navy customer about timeline for maintenance, we know pretty well about the carrier cycle, but anything on the submarine side, I know those sometimes pop up, and it’s a good surprise, but it’s hard to plan specifically and then also on the surface side.
Christopher D. Kastner: Yeah. So, Emily, this is Chris. We don’t expect real surprise pop ups from a maintenance standpoint. We expect fairly consistent revenue for maintenance at Newport News. At Ingalls, we’ll be opportunistic if we see stuff that we could potentially participate in. But right now, it’s not in their forecast other than the work we’re doing on DDG 1000, which is really not maintenance. It’s upgrades.
Unidentified Participant : Great. Thanks, Chris.
Christopher D. Kastner: Sure.
Operator: Thank you. Our last question today comes from Gautam Khanna from TD Cowen. Gautam, your line is now open. Please go ahead.
