Investment Case
We are well positioned to deliver exceptional value to shareholders. Through our STAR strategy, we have developed strategic initiatives with a focus on protecting more lives through our innovative products and delivering improved margins, cash flow and returns on capital for our shareholders.
Superb execution through our STAR business system driving returns and cash flow
- An empowered workforce which can apply a continuous improvement culture to build competitive advantage
- Transformation plan to deliver mid-teen margins, improved ROIC and high cash flow in progress
Growing addressable markets, driven by global threats
- Growing markets at 2–4% CAGR
- Global instability and current conflicts driving demand and emphasising the importance of soldier and first responder protection
Stable revenue base and well‑underpinned growth
- High visibility of future growth with valuable recurring revenue base and stable after‑market revenue
- Sole sourced or primary sourced on key Programs of Record
- Long history of partnering with customers on break-through technology
Strong competitive moat driving above market growth
- World-leading, innovative technology
- Deep material science, product design and manufacturing capability, aligned to customer priorities and future threats
- Decades of experience protecting the lives of NATO militaries and first responders
- Brands represent trust and reliability