Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from Myles Walton - Oppenheimer & Co.
Myles Walton - Oppenheimer & Co.
I wanted to ask you a couple of follow ups with respect to the strike, in particular. As you look to 3Q, just translating your comments, Rick, it looks like $50, $60 million of sales impact. Is that about right?
Richard Ill
Not far off. Not too far off.
Myles Walton - Oppenheimer & Co.
And then what would be the cash impact for the next couple of quarters, Dave?
David Kornblatt
I think we've done a good job on inventory. I think Boeing did a good job communicating to us, so I think we've been able to not beef up on inventory that we have not been able to produce. Our guys did a very good job in preparing for this. So I would expect that perhaps some of that $10 to $12 million, the lost profit, some of that would fall into Q3 and some into Q4 depending upon what the makeup schedule is and how they pick it back up. But I think it would be slightly less than that, Myles, but there obviously will be a hit as we don't get that profit.
Myles Walton - Oppenheimer & Co.
But you anticipate still running positive free cash flow for the remainder of the year?
David Kornblatt
Yes.
Myles Walton - Oppenheimer & Co.
And then, as you look at your suppliers and, coupling both the strike and the credit situation and the markets, are you seeing or are you getting concerned about any suppliers'0 ability to fund their own businesses and kind of keep your business on track?
Richard Ill
We haven't seen anything yet. It's interesting. We've had those conversations with Boeing because Boeing is, rightfully so, been concerned about our suppliers as well as us being their supplier. So we have gone down to each one of our business units and asked those same questions. We have not seen any problems in that area, albeit we have also, just like Boeing has done, we've held off our suppliers on a relatively significant basis all the way through our company.
So it just sort of shows you that this strike has a pretty big impact on the industry. But we haven't seen any inability to supply us or inability to hold the inventory on a negotiated basis with our supplier base. So it's working fairly well at this point in time. Obviously, there's more strain as the time goes on.
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