Just having a further think about the RAAS presentation and the “aerospace” opportunity,particularly satellite reference.
We all agree that the “can’t name the business” is likely to be Boeing, but I’m not sure that’s automatically the case in relation to the satellite “project”. Why couldn’t it be Raytheon? The March 2021 investor presentation has 4 “growth” projects and an “after balance date (post 31/12/2020) events” as follows:
Then in the RAAS presentation Stuart makes clear reference that the “commencement” of the qualification statement is actually further progressed than that (he says it’s an old presentation reference). It could be that Raytheon is the satellite work they are doing and the Boeing work is not specifically satellite part work?
Either way, the reference (both written and verbal in the presentation) to needing and searching for larger factory facilities is definitely encouraging that it is progressing positively IMO
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