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Https://assets.publishing.service.gov.uk/media/65ba3b7bee7d490013984a59/Command_Paper__1_.pdf
Couple of paras mentioning shipbuilding and defence in the document issued
Its easy to get bitter TCM when you have lost money in a share as you must have with KEFI but let it go, bitterness and posting here every day is no way to go through life, it eats you up.
Well done Crypto, free meal out, well played
Google Ethiopian armed forces buying recently. There has been a massive amount of ramping up of their capabilities and equipment over the last couple of years so while any regional fighting should it occur is not good news there will only be one winner.
I think early to mid next year will be very positive for Saudi
TO be fair right at the end he says 3 to 4 week and that banks asked for 2 more weeks from end of Nov so it looks like mid December for credit approval then 3 months of other sign offs before credit draw down around March
Thanks Rob, encouraging. Ties in with next webinar at start of December I suppose
Thanks for the notes Rob. Encouraging that maybe finally nearing credit approvals and about Saudi. Did they say about still expecting project launch this quarter?
Mon/Tue are still October
Yeah Navy Lookout seem supportive of expanding UK yard capacity. I thought the comments at the end were fair.
Build
More details of the construction strategy have become public. Navantia will build more than half of the first vessel in Cadiz including the more complex after sections which will then be shipped by barge for assembly in Belfast. It is possible a larger percentage of ships 2 and 3 will be constructed in Northern Ireland. Appledore shipyard in Devon will construct the bow sections, although not in a single piece. As part of a £77M investment in facilities for FSS, before first steel is cut in 2025, H&W have just begun civil works to improve the Belfast yard. This includes a 5,000m2 extension to the existing fabrication halls and an automated line able to handle 16m2 panels.
Those close to the project say they have “full confidence in the prime”, even if there were production issues at Belfast, Navantia could take on more work in Spain. However, the contract is structured to incentivise maximum UK supply chain involvement. The controversies around the overseas work share may continue but the pathway is set and the navy needs these ships as soon as possible. Those with genuine concern for UK shipbuilding would now do better to focus their efforts on doing everything possible to help support Harland & Wolff in delivering the contract on time. Having mobilised the skills and revived a third naval shipbuilding facility in the UK, ensuring the Multi-Role Support Ship project is fully funded and work flows on smoothly from FSS is the next big challenge for the industry.
Https://www.navylookout.com/refining-the-fleet-solid-support-ship-design/
Still has same items listed for Q3 sign off. ie by end of next week
£150k buy at lunchtime
Or an Annual results update which basically said the same thing as January
Exactly surely investors can expect an update since none has been provided since the January RNS in which they also had the cheek to include a new investor presentation and then follow that up by going silent for 6 months. Not exactly great investor relations
Sitting in the building dock now
Well worded RNS for once.