We anticipate 2023 capital expenditures will be in the range of $200 to $240 million including the $38 million carried over from 2022 into 2023. The high end of our range is still below the $250 million CapEx placeholder we shared at our investor conference. We are carefully managing our maintenance capital spend to ensure assets are in ramp-ready condition. Our 2023 CapEx includes capital for the titanium melt brownfield expansion project and 35% production increase from existing assets.

Feb 2, 2023 / receipt, needs a key / Don Newman, CFO | earnings call 2023-02-02 | transcript 3d03bedb-40fb-4243-a567-fb556d3849aa | chars 20997-21490 | segment 21

My recent travels to the Farnborough Airshow clearly makes this point. Completely full, international flights both ways. Each row was jammed with people from around the world.

Aug 4, 2022 / receipt, needs a key / Bob Weatherby, CEO | earnings call 2022-08-04 | transcript 668c1475-079b-4479-9b8a-c10f8a7c5af8 | chars 4489-4664 | segment 4

Second, airframe demand growth acceleration in 2023 aligned with international travel growth.

May 4, 2022 / receipt, needs a key / Bob, CEO | earnings call 2022-05-04 | transcript 044f607d-cab6-42ee-b6fe-a2370fe16121 | chars 13511-13604 | segment 14

Next, corporate costs should increase due to higher base and incentive compensation levels, along with elevated travel and business transformation expenses.

Feb 2, 2022 / receipt, needs a key / Don Newman, CFO | earnings call 2022-02-02 | transcript c635fad1-7f0a-4efe-b9e8-24c0a6612b73 | chars 20160-20316 | segment 21

I'm pleased to see millions of people returning to the skies for the summer travel season. Every day seems to bring another sign of recovery in airframe and jet engine demand. The current economic reawakening in everything from travel to consumer goods to energy is real. Despite lingering pandemic-related uncertainties, I'm confident the desire to travel is significant and growing worldwide. Ultimately, that drives the sustained lengthy backlog for many airliner programs.

Aug 3, 2021 / receipt, needs a key / Bob Weatherby, CEO | earnings call 2021-08-03 | transcript 80c0d345-4d7e-4786-ab9e-0396ae8b9eb3 | chars 2277-2753 | segment 2

Obviously we continue to monitor the longer term and still have our expectations, our forward looks as international travel's probably gonna be back by late 23, early 24, but we're not seeing any near-term impact from what's going on with the 787.

Aug 3, 2021 / receipt, needs a key / Don Phil, CFO | earnings call 2021-08-03 | transcript 80c0d345-4d7e-4786-ab9e-0396ae8b9eb3 | chars 22025-22272 | segment 23

First, these programs will create jobs, leading to increased discretionary spending for travel and consumer goods.

Apr 29, 2021 / receipt, needs a key / Bob, CEO | earnings call 2021-04-29 | transcript 08dab561-f3fb-4a4f-97bf-e165340b0749 | chars 19027-19141 | segment 19