Deepak Chopra: Well, this is Deepak here. Absolutely not. We have the capacity. We have facilities in England. We have facilities in the U.S. We have facilities to help. And this is a thing that we’ve been saying all along that differentiates us from our competitors. We also have what we call intercompany relationship. So that when we want to expand the cargo product line or the detection product line in Rapiscan, we have the ability to go to the vendor base that’s friendly to us, plus expand our own intercompany manufacturing of Optoelectronics division, which supplies key componentry to these areas. So no, we’re not going to pass any business just for this. This was planned. And we are very much focused, and that’s one of the things that Alan said that this is a significant win, but we’ve handled these things before.
And we’re going to start manufacturing. And yes, there’s the inventory increase. Yes, there will be more production pressure in fiscal ’23 towards 24%, but we are capable of it. Alan, do you want to add anything?
Alan Edrick: No, I think that’s summarized quite nicely.
Christopher Glynn: I agree. On my follow-up was on O&M segment. It’s kind of in and around the electronics area. We’re starting to see a lot of destocking. You’ve noted consistently you’re expanding scope with existing and adding new because of your fulfillment capabilities and great global presence. Just from an end market point of view, I was curious. I think you’re kind of insulated there, too, maybe two thirds of your business is defense. Health care and automotive certainly hasn’t overshot from a cyclical perspective. So do you feel you’re kind of insulated from the so-called electronic cycle that’s clearly rolling in some areas?
Deepak Chopra: Well, very good question. The good news for us is we are so diversified. We have such a broad customer base that no one industry or no one specific area affects us up and down. We are very broad. Our marketplace, as you mentioned, aerospace, defense, medical, automotive, it’s a very broad portfolio. And that’s been our success story, and that has been very well done. And at the same time, I’ve emphasized again and again that for the time to come, this big focus on our customer base looking to get less dependent on China makes the big plus long-term investment with their vendors. And if we are a good vendor, we have a long-term relationship to keep expanding, and we can have the ability to talk to our customers.
Do you want us to manufacture in India for the Indian market? Do you want to manufacturer in Malaysia, Indonesia? We can do all that, and that’s been a very big plus story, and we look at that as a broad-based not dependent on any one specific thing or customer or industrial.
Operator: And your next question comes from Jeff Martin with ROTH Capital Partners.
Jeff Martin: Wanted to get a sense as the large international carbon vehicle inspection order was a competitive bid. Curious, what factors do you believe ultimately led to you limit award?
Deepak Chopra: I don’t understand the question.
Alan Edrick: The question was what were the competitive factors that led us to win the $200 million-plus deal.
Deepak Chopra: Sorry, not very clear. Basically, we have said that before, we consider ourselves one of the top performers in the cargo space. Customers rely on us. We have a very good reputation. And being a vendor and a good supplier to CBP also is a big plus as a good reference. So that all over the world, we are considered. And we always say that, if there is going to be a dinner party, we definitely get invited. If there’s a dance, we get invited. And then we feel proud about it that we — our dancing steps are good. We don’t trip over each other. And our technology is good. Search scan software is a unique thing. Our product base is very broad we have what we call the broadest product portfolio to offer to the customer, transmissive backscatter combination.
