Yeah I called the company today, and they confirmed that it is the same contracts from the 3/3 announcement. I dont understand why there was no release except to say that they are perhaps waiting for confirmation from Sikorsky.
If you read through the release from the 3/3, you will find that we are not supplying parts to the MH-60r but Sikorsky have confirmed that if they win the contract that they will help develop the new quickstep technology and incorporate into manufacture process as well as assist us win future contracts (giving us the inside run).
I think we are just lacking a regular revenue stream and the share price reflects that. the fact that they had to raise substantial funds over the last couple of months indicates to me that they think they are well off any contract that offers that also.
Feel free to ring and confirm yourself. my thoughts
mh-60r helicopters, page-8
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