" Strange this made the mainstream news but didn't warrant an ASX announcement!?! I'd have thought anything that would boost sentiment would be jumped on? "
TR
Yes TR, bizarre to say the least, its like they're trying to keep it a secret ...
" Satellite contract win for Hills Article , Step Electronics
HILLS Holdings’ electronic and communications division has won a multi-million dollar Federal Government contract to service overseas agencies.
The four-year contract is for the design, supply and installation of the Department of Foreign Affairs and Trade’s (DFAT) bandwidth efficient global satellite network for 51 Australian Embassies and other overseas offices.
STEP Electronics – part of the Hills Holdings Group’s expanding Electronics and Communications division – won the contract following a competitive tender process involving at least a dozen businesses, including many of STEP’s major industry competitors.
“The DFAT contract is another major breakthrough for our Electronics and Communications Group as it re-emphasises our expertise in the very specialist area of dynamic bandwidth optimised satellite communications technology,” Hills Holdings Group managing director, Ted Pretty, said today.
“It also highlights the ability of our STEP Electronics team to pitch battle against some of the major global players in this niche field, and be successful,” Mr Pretty said.
“The ramifications of this contract for Hills are significant as other DFAT portfolio agencies including AusAID, Austrade and ASIS, along with other government departments such as AFP, AGD and Customs & Border Protection Services, will also be able to access the services and equipment under this contract for their own bandwidth efficient satellite communication needs.” "
http://www.hillsholdings.com.au/News/Satellite win for Hills
HIL Price at posting:
84.0¢ Sentiment: Hold Disclosure: Held
