Thank you, Madam Chair.
An important recommendation for the Auditor General as we work through the third yard process.... I mentioned earlier that the early days of the national shipbuilding strategy were characterized by overly optimistic forecasts—on all sides, frankly. Taking those lessons learned, both in terms of schedules but also in terms of the challenges in reaching target states for both VSY and Irving shipyards—and they have not yet reached target state—is important as we work with Chantier Davie to go through the third yard process.
I will turn to Simon Page to add some details concerning target states.