Defense Program 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.
Demand UncertaintyDemand for the LEAP and 787 programs appears uncertain, impacting the decision to adjust production levels.
Financial PerformanceAIN cut its C24 sales/EPS guide by ~4%/~17% due to $24MM of charges across the CH-53K, an unnamed Gulfstream program, and various Boeing programs.