Aerospace defense contracts run 25 to 40 years and demand deep pockets to fund complex aircraft development. Suppliers and customers need long-term relationships and sustained funding through serial production to make these multi-decade commitments work.
those are strategic suppliers. This is what I learned from coming from aerospace and defense, because that's a long-term association. So I just wanted to clarify from those perspectives. Yeah, absolutely.
It's a great point. Thank you. It's a great point. I too have spent years working within the defense and aerospace sector and still do now. Our clients are in, in that sector, and you're absolutely right. Those— a lot of those contracts in the defense world are very long contracts for a start, you know, 25, 30, 40-year contracts with the development of different, you know, different airplanes, for example. They are very, very long contracts and you've got to have very deep pockets. You've got to think really, really strategically around these arrangements. I say deep pockets simply because these projects run for so long. A lot of the spend is right up at the serial level. To release funding. You've got to be in it for the long term on both sides of that relationship in order to make that work. So yeah, absolutely, it's a great point you've raised, Nanda.
