The margin will be say 8-10% upfront,...but then rise to say 25% for all spare parts/refurbishments etc type contracts which will likely drag for many many yrs, like other defence contracts.
They also stated at the AGM the space tracking contract they are looking to put in place with the A Gov will be likely around a $500 mill over a 10 yr period contract, and produce around a $25 mill NPAT each yr from 19 onwards I think they said.
Reason is they have invested around $80-100m, and the Gov will return this capital as part of the contract. Also the sites are largely unmanned, hence high margin.
a stock with serious growth prospects, how rare's that
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The margin will be say 8-10% upfront,...but then rise to say 25%...
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