Strat Aero Plc (LON:AERO) CEO Tony Dunleavy talks to DirectorsTalk about the significance of Readyjet, revenues from Westar and possibility of plans for a placement.
Strat Aero plc is a multi-divisional international aerospace services company, focussed primarily on the provision of complete client solutions in the Unmanned Aerial System (‘UAS’ market), which is predicted to show exponential growth over the coming decade. Commercial and military applications in UASs are expected to be a dynamic growth sector in the aerospace industry over the next 10 years with the UAS market forecast to grow to more than US$82.1 billion between 2015 and 2025 (AUVSI Economic Report 2013) and the global airborne Intelligence, Surveillance and Reconnaissance (‘ISR’) market estimated to grow to US$19.23 billion by 2023. UAVs promise to revolutionise business practices across multiple commercial sectors. Offering enhanced functionality and significant cost savings, UAVs are already being adopted across the industrial, governmental and military spectrum and there remains significant growth potential. With an extensive network of employees and consultants across offices worldwide, a management team with significant commercial experience and a defined development strategy which uniquely aims to provide fully integrated solutions, Strat Aero has the potential to become a significant international player in this exciting new industry.