As it is, building naval vessels for the US these guys appear to eke out only around 8% EBIT margin for all the hard work, while legend has it that US defence contractors typically charge $20 for a bolt or screw. The profitability is uninspiring and more billions in orders will leave them exhausted with paltry profits -hell, even mining contractors drilling into rock or hauling mud make better margins here.
ASB Price at posting:
$3.90 Sentiment: None Disclosure: Not Held
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