Dear Muppet655
Remember that the ORPE contract which has just been recognised in sales was prepaid to 70% ( hence the guarantees being lifted) and the C130J contract was prepaid to 90%...They have managed a really interesting funding from their customers. I supect if you saw the balance sheet, a lot of those prepayments have now gone and fresh cash will be coming regularly. On that basis, they must be very close to being cash flow positive. The recognition of ORPE is distorting the sales up this quarter - good on them- , but as they go, the next quarter should continue to grow(without ORPE) as mentionned in the press release.
Dear Muppet655 Remember that the ORPE contract which has just...
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