New capacity for the Defence sector is being added in Alabama, preventing EOS prices from falling as the US dollar rises. However the intended customers for this new capacity have not diminished in interest or enthusiasm as the US currency has strengthened because those customers mandate US production.
Which intended customer would mandate US production, but the US Department of Defense? This will be huge.
Raises profit outlook current year from 5 to 10 million. Margins on the rise and 2019 will see some serious profits. No competitor for the R-400S Mk2 weapon system in sight. Blue sky.
Cheers
Ann: Half Year Accounts, page-3
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Mkt cap ! $271.0M | |||
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