The BomberHere is what is happening:
1. The Bomber is not shipping planes. The question why?
The standard operating procedure (SOP) is too deliver a massive amount in the last 2 months as they did last year. This might still happen.
2. The Pearson Plant GTG timeline has been pushed to the right which means higher CAPEX, lower FCF, reduced debt repayment guidance and logistical challenges in manufacturing.
3. I'm confident a huge order will be announced later but this is creating uncertainty amongst investors.
4. Military contracts will increase but gouv procurement processes take years.
Martel needs to be transparent and forthright as he has been since he took over in 2020. Don't deviate from this policy because challenges arise. Nothing worse than not knowing.
My military experience has thought me that insecurity of what is going on is the worst thing that affects morale.
3.