We are into the first week after it was suggested that Boeing would complete the CVM testing. Will we hear confirmation of that completion?
Upon the completion, Boing should be compiling the documentation to submit to the FAA for approval of CVM sensors to be used as an alternative means of compliance for checking for cracks in the aft pressure bulkhead area. It was Boeing's intention to submit the final documentation to the FAA by 30th September.
Hopefully we will be advised that Boeing have commenced compiling the documentation.
On the basis that Boeing complete the testing & make the submission to the FAA, I would assume that final approval would be relatively certain. That being the case it should be later this calendar year when contracts with major airlines are signed & sensors will be starting to be installed in their aircraft. Upon the FAA approval, SMN should start to receive payments from Delta for installations already completed.
Is there any reason, if you believe the above is fait accompli, that the share price will not be many multiples of the current price?
SMN Price at posting:
42.0¢ Sentiment: Buy Disclosure: Held
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