Chris Kubasik: And I’ll just chime in that, if you recall, last time we talked about the importance of our workforce, keeping them engaged and motivated and focusing on some of the attrition. And recall, in October, we talked about some of the things we’re doing that are unique. Michelle mentioned the increased merit. We also held all the benefit costs flat from an employee perspective. We’ve increased the budget for spot awards to recognize performance and some of the other initiatives. And that was a headwind and investments of over $100 million that we’re absorbing in 2023 and that provides a little bit of a drag, but it was the right thing to do, and I’m confident it’s going to pay off.
Operator: Next question comes from the line of Kristine Liwag with Morgan Stanley. Please proceed with your question.
Kristine Liwag: Hey. Good morning, guys. Chris, earlier you mentioned that the ViaSat deal closed 90 days ahead of expectations. Was this something that you did differently with this acquisition to help speed up the regulatory review? And how much of that playbook is applicable to the Aerojet Rocketdyne deal?
Chris Kubasik: Yes. Great question and good morning, Kristine. Yes, I said we closed it in 92 days. We have been forecasting mid-year. We made all the appropriate filings for HSR. We responded to all the questions within the 30-day period, for ViaSat that is. There are some international approvals. And I think when you just looked at it, it made a lot of sense, and we weren’t sure how that process was going to play out. Relative to Aerojet Rocketdyne, mid-January, we made our HSR filing. We all know the FTC is reviewing it. We’ve been very responsive in answering their questions, and we’ll see how that process works out. We’re — Eileen and I met with key customers jointly in the Pentagon to explain the rationale and answer their questions. So, I think it’s just being transparent, being responsive and getting the data request in, in a timely manner, so the process can work. So we’ll see how it plays out. But so far, everything is tracking.
Operator: Thank you. The next question is from the line of Peter Arment with Baird. Please proceed with your question.
Peter Arment: Good morning, Chris, Michelle. Hey, Chris, the TD acquisition seems like it’s a really great fit, as you kind of highlighted that you had two kind of capabilities. Maybe you could just talk a little bit about, if you see like a big product upgrade cycle or with that road map or what kind of opportunity it is for L3. Thanks.
Chris Kubasik: Yes. Thanks, Peter. Now look, we’ve talked about Link 16 being on 20,000 platforms. And that really gives us the ability to upgrade and modernize. So when I mentioned the IRAD we’re spending on the advanced data tactical link, that’s an obvious fit. One of the things we focused on in the negotiation, this was a carve-out. So that’s a little unique as to what we buy, what we don’t buy. And we really wanted to get access to a relatively small piece of the business, which was the Link 16 to space and Link 16 and Viasat’s on the SDA transport. Later this year will be a launch. We will have the first-ever Link 16 capability in space. And I think, again, that’s kind of the hidden jewel in this thing. There’s going to be Link 16 in space.
The connectivity from space to air is a game changer to focus on resiliency. So relative to revenue synergies, we’re very excited about the potential here with ViaSat. So the upgrade is going to happen. We’re investing in new products. We also have the existing product production that’s going well. So I think we’re going to look back on this one. It’s going to look pretty successful and pretty straightforward and off to a good start. So hopefully, that helps.
Operator: Thank you. Our final question comes from Richard Safran with Seaport Research Partners. Please proceed with your question.
Richard Safran: Thanks. Chris, Michelle, Rajeev, good morning.
Chris Kubasik: Good morning.
