Question-and-Answer Session
Operator
(Operator Instructions) Our first question comes from Cai von Rumohr - Cowen & Company.
Cai von Rumohr - Cowen & Company
Yes. Thank you very much. I guess 787 is on a lot of our minds. Jim, you mentioned that the fix is straightforward, but I guess first would be with this fix, if it’s straightforward, what does it imply for performance of the aircraft maintainability and service life?
Secondly, there have been all kinds of rumors about kind of a partial redesign of the wing, is that just to make it easier to kind of implement this fix or is it something broader and what kind of rough range of timeframes could this imply?
Jim McNerney
Well, we have learned nothing, Cai that says this is anything other than a local issue with a local fix. I’m not sure where the discussion comes from that says a major redesign of the wing is in the offing. We don’t see that. Having said that, we have been through the analysis that confirms and predicts what happened analytically.
We have now have chosen the approach we want to take on the fix itself in terms of the parts and their placement to reinforce the area and we have done some initial testing to give us a high degree of confidence that we have got the right fix.
Now we are onto putting together an implementation plan which has some challenges as you’re moving around in very tight spaces in the airplane and getting some things done and that’s what we are in the midst of doing. So a high degree of confidence in knowing what to do and working through with an abundance of caution exactly how to do it, but with a great deal of confidence that we are on the right path here. As to its impact on the performance on the airplane, we don’t see that.
Either performance metrics or maintainability, there is not much weight involved. The performance of the airplane is not impacted and therefore it’s a matter of working through this issue and getting to the other side and getting the program back on track, and we will be updating you as we said this quarter.
Operator
Our next question is from the line of Howard Rubel - Jefferies.
Howard Rubel - Jefferies
Thank you very much. I just wanted to talk for a moment about inventories. It’s appreciated that you disclosed the size of the 787, but could you address how you’re recovering from the strike and why we’re not seeing some improved runoff and then also how is it that you’ve now finally been able to or talk about the success on the 787 in relieving some of the deferred costs there, James?
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