Great news ..... clearly FBR will be laser focussed on ensuring...

Great news ..... clearly FBR will be laser focussed on ensuring those first 10 builds meet all the targets. Assume these targets have been set conservatively to hit the initial milestone for the initial Hadrian X purchase options. The key for me will be the average block laying of 285 / hr.

Fingers crossed .However whilst all the steps following the agreement on the first builds are "options" the chances of success are high. Firstly, CRH clearly sees this as an opportunity to become a major player in the automated construction. Like most innovations, first in has a real opportunity to dominate a market and be quite profitable. Secondly, with the amount of effort by all parties to reach this agreement the overarching philosophy will be a positive one on how to overcome any hurdles to make it work. Rather than looking for exit opportunities.

Expect there will only be a machine supply announcement (Liebherr?) following agreement on executing the first option on supply of 20 Hadrian's. At this point I'd expect Liebherr will see there is a market for supply of Hadrian X's