The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Ben Varrow - RBC - Analyst
: Thanks, Ben Varrow from RBC. I'll do 3 to start, please, maybe kicking off with, I'll do it 1 by 1. Just on chess in terms of delivery, so it's sort
of 5% margin in the first half. Is that where you expected it to be? Obviously you've done the management change now. Is it sort of heading
the right way in terms of delivery? How should we think about that part of the mid-teens margin there?
Question: Ben Varrow - RBC - Analyst
: That's a good segue into my next one, which is on the opportunity with Ryan Mattel.
Sky Ranger system, obviously that can be quite significant there. Can you just shed a bit of light on perhaps who else is supplying into that
system and the opportunity that you see from that?
Question: Ben Varrow - RBC - Analyst
: Competitions as in rival intori Matel system or is it?
Question: Ben Varrow - RBC - Analyst
: And it's my last question, sort of similar as well, but in terms of capacity, sort of how Much scale do you think you could take on at chess
and then broadly for the rest of the group as well, obviously you've done the investment now in Kiel is is that it now in terms of capacity
expansion?
Question: Ben Varrow - RBC - Analyst
: Thanks.
Saab and Poland, I understand you're part of that system. Can you maybe chat through?
That opportunity to the extent that you can and perhaps the other opportunities that EAC has in the submarine sonar space.
Question: Ben Varrow - RBC - Analyst
: Last one, Ele's provision, obviously that could unwind this year. Can you just chat through.
The steps in that, so you've got the factory acceptance tests, and then how should we think about the provisioning on the sort of next 3
boats as you go.
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