Question-and-Answer Session
Operator
Alright, thank you sir. (Operator Instructions)
And our first question is from the line of Mark Parr with Keybanc Capital Markets. Please go ahead.
Mark Parr - Keybanc Capital Markets
Hey, good morning. I had a question on aerospace and Michael, I think I heard you say you expect pull through of backlog, is that right?
Michael Goldberg
Well that’s what we’ve seen so far. I think the—I think I said as we know that there’s a big backlog and so at this -
Mark Parr - Keybanc Capital Markets
At least one or two planes, right?
Michael Goldberg
Yes, at least one or two. So at this time though - our best estimate is that we’re anticipating that the build rates would be somewhat close to where they have been. I think it’s unknown as to what the financial credit market impact is going to be.
So, we’re going to also keep a very close eye on this but we haven’t heard of anything yet which suggests that the planes aren’t going to be built. All of the customers are kind of pulling away so, at this stage our best information is that should this—with the conclusion that the good rates should remain pretty solid.
Mark Parr - Keybanc Capital Markets
Okay, and so a minute here we’re just talking about the commercial side, how much of a pick up are you expecting out of JSF program at this point?
Michael Goldberg
I think I’ve outplayed these numbers talk about the kind of doubling of the production for that. You could—
Mark Parr - Keybanc Capital Markets
What does that mean for you guys, as far as revenues are concerned?
Michael Goldberg
It’s our - approximately taking our revenues from about 3 million to about 10 from ’08 to ’09. So it’s about $7 million increment as that build occurs, I think, based on a build of about 21.
Mark Parr - Keybanc Capital Markets
Okay, alright. And in the - could you talk a little bit about the inventory accounting that’s going to emerge in ’09 with the new ERP system, are things going to become more transparent from - as far as LIFO is concerned?
Scott Stephens
Yes, Mark, we expect that they will and we’ve got the conversion right now planned for early next year. And we’ll anticipate providing you more details as we start the conversion. But yes, in the net effect, better transparency on the historicals on LIFO and the impact of LIFO on our results.
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