Chip Blankenship: So I don’t know about the tighter timeline, but traction and things that are within our control, the rapid complex machining centers that we’re standing up at a few different locations at Woodward plants. That equipment is starting to hit the floor next quarter and be in the installation and commissioning phase, so that by third quarter and our fourth fiscal quarter for sure, we’ll be producing quite a number of parts and controlling our own destiny and be able to offload some of our struggling suppliers in the machining category. So that’s something that we have a good line of sight to and are able to control the actions that will lead to that benefit.
Christopher Glynn: Does that lead to any, sort of, increment step-up in the run rate as a proportion to your current base revenue outlook?
Chip Blankenship: It certainly will alleviate disruptions and so I believe that will translate into consistency, which will give an overall uplift to output. But we are essentially going to be trading planned capacity that’s not producing to actual capacity that we can count on, if that makes sense.
Christopher Glynn: I think so. Thank you.
Operator: Your next question comes from the line of Matt Akers with Wells Fargo. Your line is now open.
Matt Akers: Hey, good afternoon, guys. Thanks for the question. I wanted to ask about guided weapon, and you said they’re down? Are they down year-over-year, sort of, on a tougher compare? Do they sort of slow down sequentially? And just help us understand kind of where we are? Is there more downside? And I guess specifically, are you seeing any more demand there around either Ukraine and for a while, we’re talking about some JDAM or just general, kind of, restocking of munitions that, that could maybe pick up a little bit?
Mark Hartman: Yes. So I’ll take the two questions, Matt. And so the JDAM decline on the guided weapon side continues to be soft. I mean, there is a year-over-year, but it isn’t really the tough comp you may recall from following us that we had a sizable step down really in fiscal 2022, compared to fiscal 2021. We are still anticipating and talked about another continued softness on the guided weapon side of our business. It’s not as significant of a step down as what we’ve seen in the prior year, but it’s still there just based on the ordering volumes that they’ve had. Which then transitions into your second part of your question around have we seen any uptick in orders from anything in the Ukraine conflict? And we haven’t yet at this point, you hear of some opportunities that might be out there, which is — for us and typically on foreign military sales, the ordering pattern and I’ll call it more of a drop in type order that we don’t have a lot of visibility to versus a lot of the — on the DoD side of our business, we have orders out for a couple of years typically.
So that would be the opportunity for us. That some of that may come forward for us. But at this point, we haven’t seen any firm orders.
Matt Akers: Thank you.
Mark Hartman: Welcome.
Operator: Your next question comes from the line of David Strauss with Barclays. Your line is now open.
David Strauss: Thanks. Good afternoon.
Chip Blankenship: Good afternoon.
