Ann: Significant Cash Receipt and Updates on Guidance and Funding, page-157

Referring to your security comment about Elbit in the UK. Elbit appears to be pushing on quite successfully in the UK with radios, the apparently insecure software and most recently training systems all under contract. Does the UK not care about Sovereign capability or security? they're much bigger than the ADF. I wouldn't discount Elbit yet. They have a lot more people here in Australia.

Land 200 Phase 3 will be a big program but $1.5-2.5B is the program cost, not the contract value. About 1/3 of that is Commonwealth program costs like paying for the contractor managing the contract like the MSPs and a whole bunch of Commonwealth expenses. So that leaves $1B-1.8B. Lets assume C4Edge win 100% of the Contract value. If EOS are acting as Prime, with all the member companies doing the work, then they clip the ticket and catch $100-180m spread across the program (probably 4-5 years) separate to what they have to pay the other members of C4Edge. Now, I'm not saying that $100-180m is not material but if that's $20-36m/year revenue for the duration of the acquisition contract. They have to win 100% of the contract value!

how much do you add to their share price for that program in maybe 4 years?