On the face of the 3 March announcement it looks good. But, unfortunately, it lacks detail. There is nothing bankable in that MOU. Helping develop the process to become a supplier has no indications of potential revenue streams or time lines. Indeed, there is no commitment to purchase anything form QHL. What is actually enforceable under that MOU and who is going to enforce it? The Australian Govt? Sorry, the helicopter contract is signed so its hard to see any real leverage! We don't even have the main JSF contracts signed yet (2 years after the MOU).
The 3/3 announcement was really PR for the Seahawk bid. PR is nice but it QHL's case it never seems to put anything on the top or bottom lines unfortunately.
QHL has hit the point where the hype isnt winning investors. The failed capital raising attempt and SPP have demonstrated that so clearly.
At QHL it is simply a case of "show me the money, Philippe!" Nothing else matters anymore.
mh-60r helicopters, page-10
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