Good morning. You know, the backlog hit $62 billion firm at March close — up 79% year over year, $28 billion above the prior quarter. Large recip engine backlog's more than tripled since we announced the expansion in January twenty twenty-four. Customers locking in orders into twenty twenty-eight. Power and Energy estimated to carry a substantial share. Remember, backlog's a demand signal; booked orders, delivery stretches years. Revenue lands over time. Based on what we see today, we're disciplined.

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CAT / The backlog: record $62 billion, orders into 2028

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2026-07-14T23:19:59.870Z