mst completes mpm-nlws contract

Just flipped into ASX and the announcement's out that MST has completed all requirements under the MPM-NLWS Technology Development phase contract.

Th US Governement has provided written confirmation that all contract data deliverables have been received and accepted.

"The next step in the Marine Coprs aquisition process will be the Engineering and Manufacturing Development phase. Under EMD the selected system will be more fully developed to a production ready state. We are expecting the source selection process for EMD to begin in Q4 this year."

There's more in the announcement from Safariland/BAE, plus a great picture. Check it out. The market HAS to recognise this progress soon...surely!