From the first half of FY14 results released to the market on 26/2/14 QHL stated 'The company has submitted a number of commercial-in-confidence tenders to aerospace and defence companies regarding potential new contracts, and continues to progress its plans to commercialise its Quickstep process and resin spray transfer technologies.'
QHL have already started diversifying beyond the F35, but it would be great if they could win some major tenders, sign some major contracts and diversify to the extent where the ongoing problems with the F35 are seen to be taking the icing off the cake rather than taking away the whole cake itself.
Given the potential QHL have I am not thinking of selling nor do I have any intention of selling at any time in the future, but I can understand how some might be feeling increasingly nervous about their investment.
QHL need to secure additional contracts to diversify their revenue streams and de-risk the company going forward. Signing a major automotive contract in the near future would be a really important step towards achieving that, but the markets they operate in are so big and continue to grow so rapidly that additional major contracts in any industry would be welcome.
It doesn't matter where the contracts come from, just as long as they come. I'll sit back and wait for the news to flow and hope the positive outweighs the negative.
http://www.abc.net.au/news/2014-03-27/f-35-fighter-jets-still-plagued-with-problems/5349756
http://rt.com/usa/f35-jet-software-delay-233/
http://rt.com/news/chinese-jet-cyber-espionage-stolen-718/
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