so orders we know about from previous announcements below.
Orbital ATK- $75m per annum
then preferred bidder for two contracts each worth $120m a year. Assume this latest $410m contact is for just one of these contracts converted and then one more potetnially to come?
So we have a company now in defence that is at $195m a year in locked in contract values, same as its market cap, with significant growth to come...
I know many companies on the ASX valued much more than EOS that dream of such revenue numbers.
From previous annoucements:
On 21 June 2017 EOS announced it had executed a $170 million contract to supply approximately 600 weapons systems to Orbital ATK. The order is deliverable in monthly shipments from November 2017 through early 2020 and the annual shipment values are up to $75 million.
NEW CONTRACTS During 2017 the R-400S-Mk2 product was tendered for two other international customers with significant weapons’ systems requirements, both of which exceed the current Orbital ATK contract in scale and term. Both customers have chosen EOS as the preferred bidder for contract negotiation. EOS has negotiated and performed contracts for both customers before. Conversion of “preferred bidder” status to a final contract requires successful completion of contract negotiations covering commercial terms, price, schedule, technology transfer and local content. In addition, both Australia and the USA must provide export licences before EOS finally accepts a contract. The company is confident of completing sufficient contracts during 2017 to exceed AU$500 million in cumulative orders for its new R-400S-Mk2 weapon system. Either of these new programs would raise the total production capacity required for the product to more than $120 million per year.
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