George Shapiro: And Tom, if you could just provide the EAC for each of the sectors in the quarter?
Thomas Stiehle: Sure. So for the quarter, that was $111 million of favorability, $43 million of unfavourability, a net of $68 million was made up of about 50% Ingall’s. That net was 50% in Ingalls, about 35% of Newport News, about 15% in MT just for everyone on the call, you’ll see in the K, which does the whole year, was $309 million growth, gross favorability for the whole year, $191 million gross unfavorable with a net of $118 million. And that breaks out to be about 75% Ingall’s and 15% MT and 10% Newport News. I appreciate the question.
George Shapiro: Okay. Thanks very much.
Thomas Stiehle: Sure, George.
Operator: We will now be taking our last question from Scott Mikus from Melius Research. Scott, please go ahead. Your line is open.
Scott Mikus: I wanted to ask, is any of the customer-funded investments over the next 3 years? Is any of that contingent on the supplemental package making its way through Congress?
Christopher Kastner: That’s a good question, and I don’t have that in front of me. That’s a really good question. I don’t have that in front of me. I know part of it — I think a part of it is, but I couldn’t quantify it for you. So we’ll get that information for you, Scott.
Scott Mikus: Okay. Got it. And then thinking about the shipbuilding revenue growth rate, you’ve for a long time, talked about labor being the governor on output there. So how much can these investments improve throughput in the shipyard if retention rates don’t improve materially?
Christopher Kastner: Well, it has to be both, right? And we — when we do our projections, we risk adjust them. It’s not assuming that everything works out perfectly. So it has to be both. We have to improve our retention rates. We have to improve out of the supply chain, and we have to improve capacity. And if we do that, then throughput will significantly increase. But you’re absolutely correct. We have to be successful in both.
Thomas Stiehle: Scott, I’d supplement that, too, that as we’re building that out, how we hire, how we train, how we’ve retained we’re not standing flat for it, but I know that the yards themselves have active plans on either outsourcing or contract labor, using additional overtime crew that we do have, working the three full shifts where there’s a critical path. But there’s dials that we have to try and offset that in the near term. You can’t run that five or 10 years if you see – we see the demand we’re building out organically that we’ll be able to do things in the yards. But right now, there are dials and opportunity sets for additional labor outside the yard that we’re employing right now.
Scott Mikus: Okay. Got it. Thank you.
Thomas Stiehle: Thanks.
Operator: Thank you. This is all the time we have for the Q&A session today. So I would now like to hand back over to Mr. Chris Kastner for any closing remarks.
Christopher Kastner: Yes. Thank you, and thank you for joining the call today. I’m very proud of our team’s strong performance last year, and I’m confident that we will continue to create value for our shareholders this year. I would also like to remind you that we are hosting an Investor Day on March 20 and look forward to seeing many of you then. Have a good afternoon.
Operator: Thank you, everyone, for joining today’s call. You may now disconnect your lines, and have a lovely day.
