SAS 0.00% 1.6¢ sky and space company ltd

@OzJ, the KPMG report has to paint the worst case scenario if...

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  1. 919 Posts.
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    @OzJ, the KPMG report has to paint the worst case scenario if contracts are terminated.

    Another example is the 4 launches with Virgin Orbit.
    There would be something in those contracts that say that if the contract is terminated, SAS have to pay penalties.
    One thing that the KPMG report doesn't take into account with respect to Virgin Orbit is that VO are not ready to launch yet, so there may be aspects of the contract that can be negotiated in good faith between the 2 parties.
    Likewise, it doesn't factor in renegotiations with GOM with respect to the 6U and 8U contracts.

    So keep in mind that KPMG have to base there audited report on worst case scenarios.

 
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