The company's wording is it is "unlikley" they can negotiate a settlement that recovers costs incurred on the contract. So around breakeven sounds like a best case scenario. Also, not sure what their definition of costs is. Does it include depreciation? Probably not. Still depreciation wouldn't have been anywhere near $100m on the contract. Maybe $50m-$60m. So best case scenario is probably $40m-$50m profit uplift from here but likely to materially less.
I'm not an engineering guy so my understanding of the reason for the loss relates solely to the revised quantities agreed by the parties (a significant reduction presumably).
NRW got another win today, page-66
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