RC Fornax CEO on bumper Q1 trading update, new space contract

RC Fornax PLC (AIM:RCFX) CEO Paul Reeves joined Stephen Gunnion in the Proactive studio with more about the company's record-breaking performance, highlighting a significant surge in new contract wins and operational momentum. Reeves explained that RC Fornax secured £2.5 million in total orders in the latest quarter, including £2.2 million in new work. He noted that this increase reflects internal structural improvements, such as hiring a new head of sales and managing director, alongside refined sales processes. "It's a combination of a number of things — changes, process changes, people changes — which ultimately is bearing fruit now," he said. Reeves also pointed to improving industry conditions. With uncertainty in the defence sector subsiding, tier one contractors have resumed spending, which has positively impacted RC Fornax. A key strategic development is the company’s first major public sector space contract in the UK. Reeves said this marks a shift in approach, tapping into framework agreements that offer “billions of spend year on year.” RC Fornax will lead a consortium for this work and retain all developed IP, supporting its transition from a service provider to a product-focused business. Visit Proactive’s YouTube channel for more insightful interviews. Don’t forget to like this video, subscribe to the channel, and enable notifications so you don’t miss any updates. #RCFornax #PaulReeves #DefenceContracts #UKSpaceIndustry #FrameworkAgreements #SMEConsortium #PublicSectorTech #TechIP #Aerospace #DefenceInnovation #ProactiveInvestors