P38A Are P38's the new Classic

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I thought the P stood for Pegasus as in the name of the building it was developed in. Cant remember where exactly I read this. To me it stands for Paranoia!
 
I thought the P stood for Pegasus as in the name of the building it was developed in. Cant remember where exactly I read this. To me it stands for Paranoia!

All their cars were P, e.g. P35 Rover. Project seems the most obvious. Paranoia probably most fitting though. You're right there. Or problem, perhaps. Or please just get me home!
 
It was Pegasus. Project Pegasus was the secret code name for the "replace the Range Rover" project started in building 38A. I've read that, I know I have.
 
I've attached the page on the Pegasus name from the James Taylors book. The next page basically goes on to say they then went on to change the name to something less interesting "Project 38A".
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