Robert Mehrabian: Let me answer the last question first. We’re right in the middle of our planning cycle for our operating plan and made presentations to our Board yesterday, and the answer is yes. Let me now go back to the organic question that you asked for this year. Fundamentally, we’re going to have — organically, we’re going to be relatively flat in our overall Digital Imaging business, maybe a little — a percent down, but that’s partly because we’re also cleaning up some stuff that are not profitable. On the other hand, we will have organic growth of almost 6% in our Instrumentation businesses, which, as I said, is environmental, test and measurement, and marine. We’re going to have similarly, over 6% in our Aerospace and Defense organic growth, and about 8% in our Engineered Systems. So, those are very healthy growths for this environment that we’re all experiencing.
Rob Jamieson: And then, I guess, just one specific to test and measurement. You said you had a new protocol product that was coming to market in September. Just wondering what the uptake is and how customers are reacting to that? And is that — could that be an incremental benefit to that sliver of instrumentation in fourth quarter?
Robert Mehrabian: Yes. The new protocol is the PCI Express Gen 7. The life cycle of that is usually a couple of years. I think we’ll see some benefit from that next year, probably later next year. But the flip side is the protocol business that we just bought, Xena is fulfilling a gap that we had in our protocol businesses, which was the high-speed network protocols, and they fill that gap very well. So we love our protocol businesses and hope that we can buy more of them as time goes on.
Operator: Next, we go to Kristine Liwag with Morgan Stanley.
Kristine Liwag: Congratulations on the leadership changes. Robert, I hope that this change means you get some extra free time.
Robert Mehrabian: I hope so, too. I have my new leaders shaking their head, across the table from me, but I hope I will. Yes. Thank you, Kristine.
Kristine Liwag: Well, great, and it’s been wonderful to follow your career and what you’ve done for Teledyne. So, maybe with the leadership changes, I mean, sometimes there’s also a change in strategic focus. I mean, Teledyne is a much broader and bigger company than it was over 20 years ago. You mentioned earlier that M&A is still a priority over share buybacks. I guess, as we look out the next 5, 10 or even 20 years and maybe that question is a little too broad of a scope for this call, but how do we think about the strategic direction for Teledyne? Like where to from here?
Robert Mehrabian: Well, first, let me answer the first question. The way we operate in the current Teledyne is a lot of the M&A ideas come from our businesses. Now, we are proactive. At any one time, we have a large funnel of businesses that we’re looking at. But that will not change because it comes from Digital Imaging, it comes from Instrumentation and marine and A&D. And these are areas that the two leaders that are taking over are responsible for. So I don’t think in the short term, things will change. Also in the short term, at least, I’m still going to be here. And of course, Jason helps make a lot of the capital allocation decisions. But having said that, we will probably focus more on commercial businesses as we go forward.
