CFO 0.00% 0.2¢ cfoam limited

Ann: Operational update, page-19

  1. 1,942 Posts.
    Years and years away from meaningful revenues. From experience defense contracts take many many years to turn to revenue and usually any American defense company like a Northrupp or a Navy/Army/Airforce contract has many many layers before they agree to any contracts. They need to see proof of delivering sustainable quantity, the company must be majority owned or controlled by an Amercian Company just o get a US DOD contract just to name a few and that's after much tyre kicking , testing , tooling etc.........long way to go.
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