Ann: Company Overview Investor Presentation, page-2

This is very interesting. Sounds like they already know who they will be acquiring.

Inorganic Expansion:
• The Group continues to seek the “right” inorganic expansion opportunity.
• Likely be a US ballistics competitor (market consolidation opportunity).
• Has existing contracts with the US DoD that are profitable and in good order.
• Help capitalise on the move of our XTclave technology into that Defence market.
• Speeds realisation US DoD “blue ocean” potential for our “next gen” products.
• Build long term annuity income streams from multi-year US DoD supply contracts