Item 4. CONTROLS AND PROCEDURES.
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Item 4. CONTROLS AND PROCEDURES.
Evaluation of Disclosure Controls and Procedures. Under the supervision and with the participation of the Company's management,
including the Chief Executive Officer and Chief Financial Officer, the Company evaluated its disclosure controls and procedures as defined
in Rules 13a-15(e) and 15d-15(e) under the Exchange Act. Based on this evaluation, the Chief Executive Officer and Chief Financial Officer
concluded that the Company's disclosure controls and procedures were effective as of June 30, 2025, and that the information required to
be disclosed by the Company in the reports that it files or submits under the Exchange Act is recorded, processed, summarized, and
reported, within the time periods specified in the SEC's rules and forms, and that such information is accumulated and communicated to
management, including the Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required
disclosure.
Changes in Internal Control Over Financial Reporting**.** During the quarter ended June 30, 2025, the Company continued to exit from
various transition service agreements with GE Aerospace primarily related to information technology systems that impact financial
reporting. Consequently, responsibility for execution of related internal controls transferred to the Company, including certain general
information technology controls in connection with information technology environment changes. Other than those discussed in the
preceding sentences, no change in the Company’s internal control over financial reporting occurred during the quarter ended June 30,
2025, that materially affected, or is reasonably likely to materially affect, the Company's internal control over financial reporting.
*Non-GAAP Financial Measure
2025 2Q FORM 10-Q 37
PART II
ITEM 1. LEGAL PROCEEDINGS**.** See Note 20 in the Notes to the consolidated and combined financial statements for information
relating to legal matters.
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