Michael Ciarmoli: Got it. Helpful. Thanks, guys. I’ll jump back in the queue here.
Suman Mookerji: Thanks, Mike.
Operator: Thank you. One moment for our next question. And our next question comes from Mike Crawford of B. Riley Securities.
Mike Crawford: Can you guys hear me this time?
Steve Oswald: We can hear you, Mike. Loud and clear.
Mike Crawford: Excellent. Excellent. Glad to hear that. So thanks for sharing your playbook on Max deal. Is there a similar walk through you can share with your plans for BLR Aerospace?
Steve Oswald: We’re — look, you guys kind of got the playbook, right? So — but I think we’re going to use pretty much what we did with MAX deal, we’ll be in touch, right? As we go forward here, it’s still real early on BLR. So that’s about all I want to say. But we have high hopes like we’ve had our other four, and we’re going to use the same playbook.
Mike Crawford: Okay. Thanks. And then since you started your initial sales process in Monrovia, are you prepared at this time to provide any expectations on potential value you might receive for selling that property?
Suman Mookerji : Mike, we have an ongoing sales process, but we are not yet at a stage where we can share details around the expectations there. But as we move along the sales process, we’ll keep holders updated. Yes. I think, Mike, by December, we’ll have a communication out, okay? So you count on it. So to that later, Mike.
Mike Crawford: Okay. Thanks. And then can you share your expectations on inventory purchase accounting adjustments that we might see in the fourth quarter and/or next year from where you’re standing today?
Suman Mookerji : The inventory purchase accounting adjustments during the current quarter were mainly on account of inventory that had to be marked up for the BLR acquisition. And we do expect that to continue through Q1 and Q2 of next year, it kind of depend on the rate of revenue. But certainly, in Q1, we’ll see it in Q4 of 2023 and then certainly in Q1 and depending on revenue maybe a little bit in Q2, but not beyond that.
Mike Crawford: Okay. Thanks, Suman. And then final question for me is just relative to the renewed growth in military space, I really like to hear your thoughts on space, in particular, given all of the investment that’s going into that sector at this moment.
Steve Oswald : Mike, I’ll just — I’m going to give you a high-level view. I mean we certainly support the space programs, but we lean more towards the military side, I mean, candidly. So we do see a lot of investments ongoing. I mean we’re looking at interesting things. Most of that’s come out of Carson and we might have a few other support as we do ruggedized harnesses for NASA and for other things. But we’re probably not the best people to ask.
Mike Crawford: Okay. All right. Well, thank you.
Steve Oswald : Yes.
Operator: Thank you. [Operator Instructions] Our next question comes from Jason Gursky of Citi.
Jason Gursky : Hey, good morning everybody. Wanted to just dive in a little bit more about the relationship that you all have with Spirit. You mentioned some of the dynamics going on there with the 37 makes good sense, I think, to see a little bit of pause here in 2023 and then recovery in 2024. But part of the narrative with you all has been bringing in some more work from them. And I’m just kind of curious maybe to get an update from you. They’ve got new leadership there. It sounds like they’ve got somebody at the helm, there that is pretty focused on operations. So just kind of curious if you’ve got some sort of readout for us on kind of your initial interactions there and try to figure out whether there is an opportunity for the work that you do with them to potentially grow even more as they wrap their heads around and hands around all this on their plate.
