Let me start with the Black Hornet franchise: we expect the Black Hornet nano‑drone, from BH‑3 to BH‑4, to generate about $500 million of cumulative revenue over the period, with orders in the United States, Europe and the Middle East. Management said we’ll remain with the $500 million for now, noting some pockets are growing faster than 10%. Rogue 1 is in full‑rate production and first contracts are expected to increase substantially with time. That’s not us – we remain disciplined and acknowledge larger defense orders are still pending and timing is lumpy.
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