Ann: Appendix 4D and Half Yearly Report and Accounts, page-44

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igor90

97 Posts.

26/03/18

11:08

Post #: 32020699
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Originally posted by Inductor ↑

Well,
perhaps there is some light at the end of the tunnel .... the US appropriations Omnibus released on Friday approved a heap of Navy spending:

Equipment Procurement – The legislation provides a total of $144.3 billion – $133.9 billion for base requirements and $10.4 billion for OCO/GWOT requirements – for equipment and upgrades. Funding for base requirements is $19.9 billion above the request and $25.4 billion above fiscal year 2017. These funds support our nation’s military readiness by providing the necessary platforms, weapons, and other equipment our military needs to train, maintain the force, and conduct successful operations.

For example, the bill includes:

- $23.8 billion to procure 14 Navy ships, including funding for one carrier replacement, two DDG-51 guided missile destroyers, two Virginia-class submarines, three Littoral Combat Ships; one Expeditionary Sea Base; one Expeditionary Fast Transport; one amphibious ship replacement; one fleet oiler; one towing, salvage, and rescue ship; and one oceanographic survey ship

Mayhap there are a couple of sheckels in there for CFO holders? Perhaps with the approval of funding, the existing contract they were concentrating on will move forward, and a probability of picking up some orders for the new ships?

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I doubt this will change anything. Even if the US Navy contract comes through, who will get it? CFO or Touchstone?

CFO Price at posting: 18.0¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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