Thank you, Madam Chair.
I'd like to thank everyone for being here.
My first question is for Mr. Hayes.
Mr. Hayes, someone said at our last meeting that there is currently very little leeway with respect to renewing ships before the end of their useful life, that the situation seems to have worsened and that the action plan is not delivering the anticipated results.
In a few words, what are your concerns about our ships potentially reaching the end of their useful life? How would that impact national security?