Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from the line of Carter Copeland – Barclay’s Capital
Carter Copeland – Barclay’s Capital
Could you clarify something, you made a comment about moving 787 deliveries out of 2009, presumably those are the Boeing shipments, not your shipments to Boeing, could you clarify that for me.
Clayton Jones
Those are our shipments to Boeing.
Carter Copeland – Barclay’s Capital
So have you already shipped presumably all of the units they need to have all the flight test airplanes and then presumably some early production units?
Clayton Jones
Today we are assuming we have shipped all of the shipments that they will need in our fiscal year 2009.
Carter Copeland – Barclay’s Capital
On the pension if the discount rate were to actually not provide, so if spreads were to come in a bit and you didn’t have the discount rate benefit what sort of headwind would that put on the pension side?
Patrick Allen
Our discount rate provides about $5 million for every quarter point. The discount rate increased about a full percentage point from our measurement date in 2007 to our measurement date in 2008. I would say that the spreads even widened further. Since our measurement date is September 30, its about $5 million a quarter point.
Carter Copeland – Barclay’s Capital
So $20 million all in if it were just the asset hit without the discount rate benefit.
Patrick Allen
That’s correct.
Operator
Your next question comes from the line of Robert Spingarn - Credit Suisse
Robert Spingarn - Credit Suisse
You talked about the 12% aftermarket comp, could you talk a bit about what the core spares business did within that? In other words, air transport and then biz jet regional, taking out the mods and some of the other business you mentioned.
Patrick Allen
I think our core service and support business was up roughly 5% year-over-year and now remember though that we had an extra week this year in our service business which is the one that benefits the most from the extra week so if you neutralize for that it was roughly flat year-over-year.
Robert Spingarn - Credit Suisse
That’s an improvement sequentially from June and March. That the March quarter we had negative aftermarket, the presumption we heard that business jet spares were weakening there, again in June as well. You talked about that last time, so how is that trending as we go further into this?
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