Ann: 2017 AGM Chairman & CEO Addresses & Business Update, page-5

The Boeing announcement shows good entry to the last remaining aerospace player - therefore fantastic news.

What was concerning is that with the huge improvement in shipping military aircraft parts, there isn't a similar improvement in topline sales growth. What we were told is that the more volume we ship, the bigger the discounts - therefore the increase is offset largely by the revenue per part - very concerning, as this means that with a doubling of ship-sets in the next 18 months - our revenue increase will be small.

Not sure which bright spark negotiated that - but could alsl have been because we were small and a price taker.

Still we should become a 90M company soon, and with the lean practices being implemented, some direcotrs not being renewed etc - we will save 3.5M each year as well, and get to breakeven.