Well, another of my predictions as been realised (research...

Well, another of my predictions as been realised (research pays!). Today Adacel announced a $2mill contract to enhance the approach radar simulation abilities of its installed base of 90 USAF TSS.

By my count, Adacel has now won around $49.5mill worth of contracts this calendar year.

Within the next few months, I predict Adacel will win mid-sized MaxSim contracts with (1) the FAA, and (2) the RAAF.

Longer term I see Adacel winning very large MaxSim contracts with the FAA and with the US Navy.

My sense is that this is the start of a long, steady rise in Adacel's share price. Because Adacel's share price coming off a very low base, returns of 150% from current levels are not out of the question over the next 12 months.

Watch this space.