Before covid one of the many discussion points centred around, not the rate of contract take up, but the rate of installation retrofitting current flying aircraft.
Delta has now agreed to retrofitting its 737NG aircraft at the rate of 4 per quarter, in line with its existing maintenance program. I believe all other airlines will fit sensors similarly to Delta, timed in accordance with specific aircraft maintenance requirements.
Thus its unlikely to have sensors on an entire retrofitted fleet for a number of years.
However, the big contracts are for Boeing and Airbus (and Embraer etc) to fit sensors onto new aircraft. Those will provide real revenue growth. When will that occur? Not sure, but that's when the share price will really take off.
Before covid one of the many discussion points centred around,...
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