Financial PerformanceAIN's MC business continues to present limited growth opportunities, with the segment remaining in decline and Heimbach's integration providing little earnings upside while being margin dilutive.
Market DemandDemand for the LEAP and 787 programs appears uncertain, impacting the decision to adjust production levels.
Operational ChallengesThe ramp of AEC’s largest defense program, CH-53K, continues to be challenged, with a $13.3mn charge booked related to the program due to labor inefficiencies and increased material costs.