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spk_0: ladies and gentlemen today's conference is scheduled to begin shortly please continue to stand by and thank you for your patience hello and welcome to was that fiscal year two thousand and one issue fourth quarter earnings conference call no conflict was a call his wit ball with president and ceo you may proceed with the ball which
spk_1: a banker much for joining us today and we really fair share or letter earlier today when the market open and we hope you guys when time to rejoin today
spk_2: call for help
spk_1: brief opening remarks and in there are going una
spk_3: the first a rubber to be provides a barber shouldn't censure how you know this discussion will contain board with the famous this is a reminder actors can cause actual results to differ materially additional information concerning these factors as container as he bangs and cleaner was reasonable for some form ten thing and formed a few copies her me
spk_1: open the fcc or from our website as and that you're okay and from addition to the roberts is really all be marked as burger jack chairman the rcmp sean duffy corporal and of from development and promote as
spk_4: from investor relations
spk_1: just then a couple comments before we jump into the que they were another great quarter we generate record revenue record adjusted ebitda and we can don't on the him and momentum that we finished our last fiscal year with when she grew twenty five percent german here to occur and sixty five million and just that even die grew at more than twice the rate of fifty two percent of your that partners reflect the last year with the poor was one of his heart is here first hit by where shall air age where segments delivered from year over year revenue growth in selling services year over year double digit organic revenue growth was driven mainly by improvement in our and like activity business which was as we mentioned severely impact last year by kelvin the key to see sequential only improvements as passengers returned air travel but we're still well below pretending as levels or text robin revenue continue to grow up and been well of year over year and punchline as we continue see strong demand march try organic growth across a segment was also augmented by and the to acquisitions we made redundant yeah the close early in the corner come on systems had in revenue and even the performance or four percent and six percent year over year or two thousand and ten percent year over year increase in service revenue but the main driver or tackled a links cyber security and mobile broadband pipelines also contributed
spk_4: big that continued growth in the segment in addition
spk_1: to another nine hundred mood or and and large i'd like you and and twenty million dollars a backlog with that idea i q when the period that would feel that my twentieth represents care edible or ordered potential value of that one and the does and yankees of it's about four billion of an or and idea you guys that doesn't it reflected or backlog merkel them work had great for from performance with a strong revenue growth and a large reduction in our record law in that segment of on this was from the ramp up a bad intervals shipments of that cat has retarded and we had another strong contribution from our grab into systems division
spk_4: which is driven by of new space demand
spk_1: in addition to the really good financial results with been several key execution milestones we both on the ring net
spk_4: he died or european abroad men acquisition and and lexical both accelerate accelerator expansion into new and adjacent vertical markets such as energy and maritime and she's got the markets particularly in the in my region
spk_1: they're both expand our global operational and transportation capabilities and supported by had three google translation has been catalogued services and those geography is where she might have three regarded by the three conflation a payload of our first satellite the bias and three for the americas have better boeing for two months now for integration with the bus module and bottle environmental testing when installing i have the equipment on the first aircraft of and and test for delta airlines the film we have over five hundred and fifty aircraft and and contract like that in story continued accelerator with actually quarters and by this weekend we'll have about a aircraft and install at that and that's accelerating and the the team and reflector continued focus on execution ahead of eyes and three our global footprint expand in a new geographic convert the markets a recent results and i think key proof points we remain confident are no good runner five your financial targets that we communicate last year the that him and you see in her letter we also introduced revenue and adjusted the the dog guidance this time he the a picture of the near term ran towards that five year goal that we talked about you as garden shows we expect solid growth over the next two years across our business as we began to bring bison three network on life so that operator will go questions
spk_0: thank you ladies and gentlemen as the cost and when i started want on your telephone to withdraw your quest for plastic penalty against it was like a question press the pound key
spk_5: okay let's start once asked the question please stand out while we could pop off
spk_0: upper classes have from milan still acoustic
spk_6: with jp morgan yaalon is open
spk_3: thank you this is sebastiano on cell cell
spk_6: he fixed broadband mercer job the a mobility and other fish probyn break out in the matter when very helpful wondering if you could perhaps provide some of more similar incremental color just on the domestic broadband trends what are you seeing in terms of subscribers and our to him in results were stronger than we had anticipated i'm just want to see the comedian delve a little deeper into so
spk_7: i'm of the underlying trends in what is any indication or impact are you seen from you know space starlings launch
spk_8: and ramp
spk_4: i'm okay okay part
spk_9: the other a dominant issue for us over the next few colors and a new has brought in just gonna be supply we pretty much told out
spk_4: that the satellites and we have of the us to the main train were saying is his hydrogen from were bandwidth and a lot of that's being absorbed by customers that are upgrading to i am i haven't cried when there was so an alert were saying only few thousand order with you thousand viewers inspires but i suppose we have room
spk_9: you're buying or premium plans until that sort of holding that steady enough to up
spk_4: that then the other know that the other back to that that's entering into it is are these other markets that we're developing in advance
spk_9: advice and three with and the return of the and by coffee pivoting so that is causing us to go to a caravan with in the way that and both paid way for the fast growth in then in the new businesses and and deliver the revenue and arrangement
spk_4: our and counting on ten film of and it is just so that those kind of the factors at play in terms of overall the man
spk_9: overall demand is really hot and and get first weekend
spk_1: ilya tools the word working see that as a starting deserving people in the market and of overall demand are greater than a human with you're soaking up with this is so far knock not really material
spk_6: thank you the last call we indicated the weird expect the decline in subscribers and in and or the us market over until it becomes a line but in general we think the revenue the about flat year over year in in that raises rabbits ago that's helpful and perhaps it it
spk_1: at i get had haven't been any had knives subsequent shooting at the link six the potential yeah divestiture of proportion of the government business say anything they're me how she would be thinking about that obviously yet trendy links sixteen business in some way or the verticals remain strong i'm jacqueline anything we should be thinking about as it pertains to be a potential monetization of a portion of your government business now happy about it there won't be wouldn't say the about a year but but when we like them in a difference is growing and the we see continued very eyed man and and good growth
spk_6: and that segment so i think we're additional strongly are you found the no womb and rinna here pretty soon we will launch our first leo or that has links fix the on it and in so that new space element of living thing businesses a growth areas of
spk_10: but in general with it off whether it's acquisitions or divestitures we wouldn't make any comments out of here
spk_11: very moving once asked one for schon i'm just as we think about the cat back to run rate for the remainder of the are obviously call that about leverage for ticking higher through the rest of the year and just overall callbacks expectations and within fiscal twenty two in would be great thanks yeah jack
spk_12: yeah no problem
spk_0: out last or your name on average and targeting that three hundred million dollars per per quarter and march we were a little lighter corner cornerback around thirty year and we get closer to launch of an elegant number thank you
spk_13: alex question comes on the line of rick princess with again dylan help them
spk_14: he's always been her head of couple questions that can proceed that near term guidance on the long term path
spk_15: one quick housekeeping once i assume regnery is not in leave fixed us next blog and percent and that is just really us fixed broadband
spk_13: for it i should let john and
spk_16: after after after the attack
spk_13: and when we think about that near term guys of of revenue average annual revenue growth of approximately twenty percent on average annual either growth in the mid teens obviously this fiscal year you get eleven months where the benefit of the to acquisitions house we think about what x emanate wrote might look like over there
spk_11: period you did call them as emily was hoping the corner
spk_17: yeah i think i had a activity that an ama of all and if you recall live on or we talk about as and adamantly as a share are right that me the i'm not i know try that forty million on an ally
spk_13: again and it looks like magnet does split between sell services and product know or a commercial networks yeah
spk_4: for half a accent and a certified in alhambra hundred and their product effort on an anti labor and i'm fairly certain times that hundred and agenda of a commercial
spk_9: look at them a sense
spk_1: and i'm always think about the from the letter you mentioned recalibration of metrics reported can help us understand what you're thinking about how you recording what you might add to your tell easily might take away from what you're telling us
spk_9: sure so
spk_4: you might want to see a lot of demand across multiple vertical geographic market so that you're ready to join and cries in like i can be generally east i am a little government maritime energy he got all these different markets and we've gotta figure out how to
spk_18: lucky that across them will leave you're in you're clearly there's way more to me
spk_9: dimitri serve with the resources we have for the next few players would have a request others markets and we would really like have a dry robust and brazilian phone market we don't want to be over exposed to any one geographic marketers one for market so so joke mother tragic to pay you a hears you got our augustus as we want the women earn revenue earnings and has been in line with are happy ending an average agenda and we also want to build momentum florida increase in productivity of coverage will get total with have you gotten like to accident or have a and three
spk_13: and one that increase our engineers genetic diversity and resilience nervousness so so that those are objective and local we're looking to do is your wife we know that people are funny some of these other metrics or cat what what about believe so
spk_1: we're getting you that i would take the eleven elderly gentleman in revenue and ejected cheap
spk_19: in will also will continue to get his method that shows the diversification of artists because of the as the us with to pin your second term kobe was very us
spk_9: written into hundred and now you can see we're back on track to get out of his game will give you that if we're still looking at ways to refine the next take into account all the market they can capture them politically and and would probably introduce some other metrics over the next year found the next year so
spk_4: certainly that as and yet i have three and service with a make sense in the local i don't hear lot about public as it's senseless game with his internet of things other companies are looking at ot other to issue is so not higher priority given good from the haven't got way more demand and supply right now
spk_9: that felt not lot of people that fine i have he businesses as sort of by definition level family things but there are there actually are some really interesting my own businesses album working on and especially with the addition of bringing that are driving applications
spk_20: those are you there
spk_1: did did they think of him as though recurring revenue is
spk_9: is pretty high relative to the acquisition cost of terminals that violate his toughest is referred rushed into and and there are a lot of you might imagine i think that are a video intensive
spk_13: that those types of i'll t applications are are down with attentive so odd things and moderator capital fastest growing mining things like that so those are absolutely in the near term and your turn
spk_21: can be said for us
spk_22: get off of think of things that need to be
spk_23: neither cloud computing to be able that the have a i elements back to how you control elements himself those things are very data intensive yeah
spk_9: the thought we were right now we're just including how that in our enterprise second at because roger prize applications okay they sort things smart thanks on say well that picture you
spk_4: alex question comes from the land
spk_24: oh beloved with barclay yellow
spk_1: yes good morning good afternoon thanks to all had a christian first visigoths to the guidance oh shit it's great that you're you're gets mclarty but i guess well we got a bit more and i was wondering what is the lumps lunch schedule that you have assumed in the them to terms of of of the the satellites noted to deliver that girls that was my first question l
spk_25: changed
spk_1: obviously those things can can move around a little bit so they have changed the game it before
spk_4: when when we we talked about up a roughly a nine month scheduled from a time we delivered the satellite a valid until the time they win shepherd obviously there's multiple factors that can cause that move to the laughter to the right it should be the most predictable part of the schedule
spk_26: versus building the payload say
spk_27: you could say well that represents a time frame of action then your yacht a month or two that for lunch preparation and them
spk_4: and then a young couple three months for testing and or tickets on orbit
spk_26: but right now we don't have a real reason the change the schedule was given in and but we might get something could happen
spk_28: and the interim as has been is it's too early since we gave the owing to change gonna tell her to hurt it
spk_9: and he did anything different them oh it's admirable right now
spk_13: that so that killed two one
spk_29: someone twenty two calendar comments
spk_26: he you can't do you want you to time frame doesn't that feel a thing it's a given the general they were like like you do
spk_9: yep yep
spk_30: thank you can add a second question about catholic school and other see if you see been indications of of the years
spk_16: and and
spk_11: because failing can be different from that he assume at some point in time
spk_31: the difficult to to hit it right
spk_9: i'm outside but
spk_11: i just wanted to confirm that the kind of numbers you didn't initially about the cuff of the calculation that were basically on track and but i have noted down it's like five hundred and fifty million dollars poured fire have three time like just maybe a hundred and fifty million for ground so that was the plan for last at three of i'm just want to confirm that was your it's what you got any mind and whether or not you're already spending something and by a thought for on that is something of be much should wait a little bit to start to well and culprit in our estimates app that hamilton and
spk_13: and and we talk about
spk_11: half a on convoy and or educate their their than an out on a two point three billion and fell for all three ally and for work again make progress takes me out of it
spk_16: or both and lodged in his chair as and
spk_1: and the satellite to get and in his hometown help me make sure
spk_32: all that in an engineer number on the other news work out right now
spk_26: for that me alone and more complete ah on that
spk_9: after years of them okay appears
spk_26: okay and i'm by a hub for it for him again it's to your and so there anything already been spent that is relevant
spk_27: work on some them early ah at and your shop effort there were some of the out in a what that ultimately was like
spk_26: well mouth spending it just think that the past
spk_27: we're we're started working but
spk_4: others rather than great them and the bill off question so to to the of the day that that there was an article visuals piss test the by but new cloud says no respectable far as i can say and and it shows that
spk_33: in a solid the speed on starling car or rich two hundred megabits a boy you guys and youths use another i'm all around twenty megabytes now and i'll make a bit further i realized that apples to apples your if you are full capacity rookie i'm trying to
spk_4: to to to manage that as well as you can and of of his kid different mixing their customer base but i just was curious to hear from you what what what you thought about those numbers if
spk_9: that that that to the line with what you're expecting him and the how have you been thought to think about odds you could deliver with by assault three i guess it's against with
spk_4: it's always a mix between volume street hockey
spk_9: yeah for one and get rid of it and other things that of the most obvious thing under his feet as measurement and now we offer service plans with different feet so that of vast majority of our customers are on plans with twelve or twenty five make a present speeds but we have
spk_4: canada thousands of customers with fifty or hundred feet
spk_9: and speech
spk_34: that we deliver on those planes are about wonderful
spk_35: to verify and their have hundred megabits per second
spk_0: and that i'm in our view the at the apples to apples comparison and in the thing i would emphasize that yeah even with the your the number of subscribers that we have in our satellites being effectively oh we we do need to be that way you know we advertise
spk_36: so
spk_37: a that include that have been hundred megatons planned for that to you that olivia more relevant comparison of oscars the anything and the same is true that you know if you look at that article don't go that you are referencing would have done is not just wrapped as for all service providers that provide most speed they just provide average another different service years and compare that to start
spk_38: which has only one circus fear
spk_4: so that's really the part that i to able to the sense
spk_31: thank you
spk_9: imagine next question comes on the lawn of
spk_39: with more than family lot line
spk_4: great thank you very much a hundred so badly as little that you talked about the link sixteen leo going up for what is the process for our the the the had to testing of that and a potentially for a a larger order following that and then i think in the past you've talked about if there was government funding a domestic
spk_40: leo kanner broadband product might be interesting to you with other see got the broad downtown for the infrastructure bell working it's way through congress with significant funding for broadband so i wondered if you'd any any thoughts on that and how that mice applied of i sat as well thanks
spk_4: okay first under on the league team leo there there is definitely interest in you as the again to extend the range
spk_9: he which is it it's a line of sight network
spk_4: and it has terrestrial realize that you still have a fairly limited coverage area in a particular network
spk_9: the data and is on may fifteen is really really valuable for a number of applications including an application better well beyond the range of each network
spk_4: so that's less of a family that was driving guilty interesting
spk_9: there are it's a few different initiatives that of which were involved to to provide wifi in space
spk_4: so how you ha what the ultimate as a that is it will depend a little bit on with organization and up having the lead i regret how we have your horse program during a favorite programs well our involved in for for like fifteen in space there are would we believe they're still offensive
spk_9: additional work to be done on networking ground
spk_4: your terminal and probability with space but the functionality of space is is how you integrated other data we took so overall with the and really really interesting that a really big opportunity but it a little bit early to to to be more specific about how and problematically helpful will turn out of though and i think that that we really liked about it is that
spk_9: there's opportunity for us especially given what's going on now to work with a lot of that
spk_4: customer organization that we do work with in order to help shape that program and that you make me feel really been one of the reasons we've been so successful is arguably to kind of
spk_41: work with end users in anticipate with their needs are that out that how we to go
spk_1: most of i'm a product line is through that type of not home in light of we think is really good similar opportunity in space
spk_9: on it and a commercial the real problems get we have you do
spk_4: we have a filing that we've done for and cape and
spk_0: nine geosynchronous orbit system where we've proposed to lower the altitudes from meal julio
spk_42: in order to the really say that kinda some one hundred milliseconds range so that that our still yours that still pending approval from the fcc and also were do an additional work leo's doing work on the of business models
spk_43: with that kind of work on stay sustainability which is a really i think is can be a very big factor in how they have the of market develops especially given filing for cotto hundred thousand new leo's in the last
spk_39: few for couple quarters
spk_43: so ah
spk_4: philip i fail to stay tuned for that and i think will come up with you're gonna continue to evolve our plans were also on a word with other ngs own partners to the extent that that we can that live that area we're going to arctic them with leave a rather were with others
spk_9: and with and just own everything ourselves that would allow us to deliver services that we want to these hundred dad
spk_39: hundred models which we think ultimately still way things are going to turn out
spk_1: thanks my
spk_9: the gun alex question comes from the lawn like crawford would be rally security
spk_4: helping and thank you
spk_1: further to or the proliferation of all of these
spk_4: the sensory satellite constellation going out that are just like him
spk_9: just an ever increasing amounts of data as their bedroom more progress on talking to anyone about using players that three is sort of like a bad call network where they get up upload the data into up up the geo and and down back down there to get the data and of the people that one or more quickly yeah yeah a bully
spk_4: oh that would require was them pointing to them in an antenna to you that than the main the main requirement there
spk_44: traffic figure and i think of it as the way things work now primarily ah if this really two months the dominant bowed now is that satellite have ground pointing radios that
spk_4: and the day they collect to earth patients that are distributed around the world and the printer paper government commercial systems the your that the what a major issues is that there are no rounder stations inside and in a lot of places where refined to collect information
spk_9: ashley over ocean
spk_43: and the other areas and so people are interested in and getting that that data back sooner so were were involved in a number of to friends wait for due to have one of which is where he is better which is that i could have an additional upward pointing radio that really stuff pretty much immediately upon like you were in the girl a can relay data that if they use that you do you think a satellite and kind of a related note and there are a number of government and some civilian that i had do just that already in it's very very expensive with us government and civilians outlawed yoga like nasa or or governments allies to do that and it can be far far less expensive
spk_4: with that that i like i said three so so we're working with ah both gonna be a government commercial operators lunar average and doing that is on the other thing that doing as well is people are in in do sort of a similar thing
spk_9: relaying among other and yes oh satellites and that's another area that we've been really successful and though for instance on the radio network we'd go there their honor in or satellite links and we have a number of government programs on those hitters link wow so that would allow people to relay controller date information
spk_4: ah has out is lowered
spk_9: and using printers and then were doing which is ties into the same thing is
spk_4: that big building a number of really large rounder stations which that of would allow these and things out a way to transmit much higher volumes of data without having to make a satellite bigger and more powerful from ah from a transmission perspective so that so big they didn't think of it is
spk_43: different approaches are aimed at the same issue which is how i get a lot of data down really fast and him the other part is how do that
spk_45: as quickly as possible for from when i like that data to get in the attack to the ground
spk_5: okay thank you martha mm
spk_46: the final question for moves as relates to a c d so companies have invested billions of dollars trying to make phased array
spk_47: your flat panel antennas that a low cost of easy for consumers to install informed get their their data about their and is that still something you envision been able to offer with by said three and if so how soon on that would that just be with your own technology are you like or others as well
spk_1: okay so i'm good at the padres are valuable when you have to come from the real point and that can be because you you can have a satellite and moving platform now be at the cost me before we report the point for you have a fifth user terminal and including that i that's why you have to have them for or something similar to that flora for a non you into this conclusion a dollar moving back that and moving terminals are muslims in general so would you know we've
spk_9: lou working on all of those moods
spk_48: we know he recently get a of i have a small a three and ten on a business get and so deal with think mobility platforms are probably the first place that the we would have high let that have a phased array technology we have a bit of higher to router
spk_9: was one of the other benefits or router remote desert would allow you to quickly ah among multiple different satellite so that be a little different things that i tore multiple different and yes as allies and for the path of hybrid services that we're talking
spk_1: having a favor and and even for a terminal who is what make that possible
spk_4: so so working at all those guess you're certainly will have those out in the back and three and typing added isn't that other one of the things on the presidential that you can do self install it doesn't have to be a phased array and low other locales things for on those as well like
spk_9: thank you very much
spk_4: and like
spk_49: thank you
spk_47: or next class on the line
spk_1: quantity and then ah i had a question about that role in the reason nine hundred and fifty million dollar i like your contacts and twenty seven different companies on that can you know ah what a drop files that's all there is a month tagged then perhaps a
spk_47: nine hundred fifty million get a percentage he thinking of survive had to claim
spk_1: the herpes and the fact that that value is distributed among and everybody that's at their idea you contract for via that and and the past orders will evolve and enough go to evolved from studies that specific yeah contractual task and that there's a lot of things in there that the that we could deal with the without but that's not a shared value
spk_9: that the lobby we do on that is that it is an area that we've done for
spk_4: thirty years with to simulations for multiple aircraft ah there we have been the primary developer and provider of the simulators
spk_9: that i used to evaluate aircraft and
spk_4: carter it's hard to make what that for her porch be a kid get the get communications the player primarily
spk_1: communications and other that are things that matter with between
spk_4: yeah
spk_1: and the we done that for
spk_50: find that one of the major markets is for all the advanced fighter jets the next day on his arse english equipment that that that pertains to
spk_51: burnley come near term does course
spk_9: nothing
spk_1: look at the clarification some something he said earlier i wouldn't have i heard right did you say that that by that we will have real months of testing once it's monster
spk_12: but can i get it would have two to three months of a good it it could be for our help them for to be sooner is a very very complicated network obviously it's our first one and we want to be expelled a thorough and the testing of it so but you know what we will give more updates as we're closer to that than
spk_0: and with love read me to get that before
spk_52: on
spk_25: and then the focusing on the real time the earth ah network you to time other reasons for her ground connectivity and how many of those and panels the since have you had completed this point and can you reminded him or how many new decline globally
spk_53: open with that working as bait for a long time
spk_1: so is this it's a bunch of the news base platforms that mark was talked about and very very very large ah
spk_54: and antennas and in america right now we have multiple programs gone simultaneously right now
spk_1: oh but this did this to happen there's two different ah element to this what is as providing and has
spk_55: to customers have purchased those in heaven and used and only for that works that we also have
spk_56: at your service where we will either you then and is that we own or that partners
spk_0: and and sell time on those in the multiple systems as service so that are others back to a similar service that the services can be differentiated a number of ways by the size of a and his by where they're located what rf and the operation
spk_53: to your we've been oriented towards are more of the emerging markets with witcher are frequency bands
spk_57: and playing those intended and in them and playfully think england
spk_25: that it had those applications that are main effort right now is not owning a whole bunch of and as but on building apartment at work for that
spk_58: and peter
spk_59: i
spk_60: mac having get an answer right now and of a number of and that i don't know what it is that the it's not it's not or miss that would matters a lot is that can pass the placement of those and and as an eye on what we think is the
spk_61: the the way the market emerge in which and and i was gonna be the most important to look for the were really worried is towards where we think the markets going which is a higher chance at higher speeds
spk_25: you thank you
spk_58: alex question comes from the long run i think the question
spk_61: talk about your try again and you seem like an impact crime
spk_25: the main shortages and impacts on your terminals cause deliverables or thing
spk_60: it would really go for deliveries the day it's a very the that of restart the see them at a communal drop those was mainly in you know damien in and longer lead item server that we have so he oregon we will have it you know it's not
spk_9: it read that as a the good news during the window nowhere in and the biggest impact that everybody we have left of and and cycle and pretty good inventory we actually have pretty inventory built on the government's side and so we haven't seen much to date that we have forecast in our outlook oh him a additional impact for delays
spk_4: a double very much
spk_62: thank you
spk_9: alex question comes from the lot of guilt with jeffries open
spk_1: give
spk_9: one of my favorite pronunciation my name's heather
spk_1: hope that have a
spk_4: and the tumbleweeds american sitcom nat cycle you guys continent and
spk_9: and and and he mind i was combat to partner
spk_4: awesome and and leader we're the mobility of other than ask about and province and and the question prompted by
spk_9: i'm tempted to the elements in the car sales
spk_4: he read months one time to lucky
spk_9: inactive because he's a similar lines and predicting and nine ten it's honesty traffic
spk_1: she i believe in which is a big departure and wound to didn't then and another the must up with a dry run and having a month last network different ah
spk_58: shouldn't the anthrax vaccine privileges
spk_60: oh one able to it might have a comments what you think about you and you have the
spk_63: again
spk_64: oh it's not super surprising that an operator had only their the same at night
spk_4: fact at the market will go to the operators them there are some really if the challenges with doing mobility with
spk_9: if that without vote buying the of that i that have very loud
spk_4: these
spk_18: i could entire theme myth another another and years of systems work think of it as a m i have double coverage and with and go coverage by mean i can be anywhere but i can't be everywhere i have i have
spk_65: specially think about by come the problems that are around of airports we a large numbers airplane that dispersed in all directions are lots of different directions that the really hard problems or for her of the of meddling with the spot beans and that you have very very large salads and then
spk_9: that were i think the as of issue though
spk_66: a sustainability that to be some or didn't have a should be allocated can turn out to be a very big big factor in that but we do thing is that a hybrid approach remote the or organ approach with your theme and they more operators
spk_67: kind of come come to the conclusion that movie orbit but hybrid makes complete sense is one thing is endemic yeah i picked up a lot more likely long term solution
spk_0: and yet it in god's to the inmarsat orchestra thing your kids you bake terrestrial into that it's possible certainly for terrestrial mobile mobile and view of land deal with a be good
spk_68: i think there's some challenges with that scale that it's it's possible but we will we would say is that having more tools in your took it to deliver a conference of services good and remember the comprehensive services are going i do not have internet access but other fall probably media entertainment other other forms of that communications well thanks your question such a detailed one thing that not that we we still think that the mention of value that we had been successful at them added the right one as delivered a lot of they'll get an area where there's like a man if the that to problem yet both and of in bed with is the dominant value
spk_1: i went into the dominant value proposition and thing we've been the most focused on and as of and group absolutely on right track is both both and with in the right place for the most of us remembered go go was a very low latency network
spk_69: the that we've never had a that we compete against as much lower latency that leo
spk_68: and that wasn't the right image of i pending your hands probability
spk_70: he see it now
spk_9: allocating capital into or from abilities in the medium term i
spk_4: i mean nothing when we are
spk_71: i said look we're we're interested in and yes oh we're interested in hybrid our we have discussions going on with and oh providers about cooperating so that's one way you know that one way to fulfill it
spk_4: we've been pretty clear and it a guy is is that that research from cisco same buying are others that
spk_9: he low latency component a total broadband traffic is not a very big fraction of the total so you can certainly we can certainly enter the market using third party networks whether it makes sense for us to to to owner of the only i guess yet owner economics or because we can greatly improve productivity it other than the other thing that ever was still at a pack of out of it will depend on
spk_1: no when somebody can bring these things
spk_9: market as hell and and we get from fighting on and that have an influence on but an rv it as capital in it and our confidence that they're going to be there and for kind on the most part of our network yeah and thank you
spk_4: thanks of
spk_9: thank you ladies and gentlemen we have time for one more color
spk_4: call from the pommel with will play a lot rick my concern good afternoon
spk_1: i'm many of their defense pack providers like booz allen parsons man pack and macri systems are seeing funding and program delays who are you seeing this is wow even know your govern
spk_14: name the laden crew nicely during the quarter
spk_68: we talk about it last year where we had seen some an act of both covered and administration changes in terms of delays but not really a minute it now back to normal that we've seen a lot of water flow and that there's a second get on and for for mark i'm other relates to space sustainability
spk_72: you think that there's a limit to the number of satellites that can ultimately go into liao and order to it
spk_11: you know everything sustainable on and prevents collision then do you expect regulators to eventually like prize or even stop driving licenses because this be so much traffic up there
spk_25: yeah two hundred and fifty become a continent the some semblance of never let him
spk_73: yeah
spk_74: but we enter yes there's a limit to left go in there if a little bit complicated because it's not only the numbers out depends on a like the cross sectional area of satellite or to like orbits therapy and
spk_0: how those orbits may overlap or intersect but the map with the allies are so i don't wanna oversimplified but yet there's a limit your the p f c c it when it comes to the us
spk_1: had said like three times in proposed rulemaking user or other preceding that yet there's a limit the number of ah guess i can be in lit i think it's it's only a question of time for people by calculating with those limits i'd also raspberry a that to research had others have published and including know others and in a study that was done by mitre that calculated for the number of young for satellite that are and say have the same characteristics start in the roughly six hundred kilometer orbit know there it's like low tens of thousands of satellite before to breathe start going without bounds and you can even maintain that me he satellites in orbit because of them probability and likelihood so this is it's a real issue it's not just as there's and increase in little of work to help compile and
spk_0: for the correlate of other people's input as well that that that is where things are headed that i think that the the main issue of nothing though we're seeing with lot of international a everything with europe when the opinion is talking about having constellation or and in a writer another administrations as well well is a third of it there they found in number of satellites
spk_75: or or think of salads with given characteristics how she that number be allocated among different countries and then what fools the countries have to to help assert what they're what they're right
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