The second last LCS delivered. Not so long ago they had 4 or 5 of these in production at any given time.
Each multi ship program loses money at the start and becomes highly profitable as the program matures as they make 'learnings'.
Earnings, cash and in particular Net Profit after Tax will be somewhat constrained for a while going forward while the bulk of earnings coming from the early stages of most ship classes. This when they need to rattle the tin for capex.
This is going to be interesting for a while.
IMHO DYOR
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Last
$6.30 |
Change
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Mkt cap ! $2.653B | |||
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