Good thoughts but I think it is a long stretch to link it to the UK Boeing purchase.
On 29 february 2016 Covata announced to the ASX the following:
"In parallel to this, the Company has been requested by the Prime Tenderer to be involved in discussions and consultations between a number of entities, including government agencies, community groups, IT service providers and various other third-parties with ties to the tender.
On 31/03/2016 Covata announced to the ASX the following:
"In parallel to this, the Company has been requested by the Prime Tenderer to be involved in discussions and consultations between a number of entities, including government agencies, community groups, IT service providers and various other third-parties with ties to the tender. "
And on 29 April, Covata announced to the ASX in their presentation slide (refer slide 25) the following:
"Covata is in negotiations with a multi-national Defence Prime awarded a UK government tender, announced on February 29. Covata was a named solution in the successful bid and will support the Prime as it advances through the process.
Phase 1: This phase is the takeover of ‘as is’ status, which includes the transfer of full time government employees into the Prime’s workforce and the takeover of the IT infrastructure.
Phase 2: Over the next three months the Prime will determine, for the customer, what is known as ‘future state’. This is where the solution architecture and supporting vendors will be commercially engaged. From here the ‘future state’ software and infrastructure required by the Government customer and its stakeholders will begin implementation.
NB: These contract negotiations remain under strict NDA The Prime is three months into a multi-phased, multi-year deal; "
Comment:
I don't think this fits the profile of the recent UK Government deal with Boeing.
Sounds like two separate UK Government IT related reseller agreements are currently in progress:
* Prime Tenderer
* FCOS
Sounds like slow but encouraging progress and closer to being announced.
CVT Price at posting:
21.0¢ Sentiment: Hold Disclosure: Held