From Naval Sea Systems Command, dated 16/07/2024
MK38 MOD4 OIR (MSI) Open and Inspect/Repair of MK38 MOD4 GWS
MK38 MOD4 Spares (MSI) Procure MK38 MOD4 Spares sole source from MSI
Both contracts listed as new
Both valued at > $2M < $7.5M |
Yes. Thank you all for really informative contributions. |
Thanks guys for an informative board.
Good to see buying coming in |
As previously mentioned on this board,
From the Navy Budget 2024
"DDG 51 Flight IIA and Flight III Destroyers will receive the new 30mm MK38 MOD 4 Gun Weapon System (GWS), which is integrated with the AEGIS combat system for greater lethality and accuracy in the execution of C-UAS and Counter Unmanned Surface Vehicles (C-USV) operations."
Flight 11A - 45 Active, 2 under construction.
Flight 111 - 1 Active, 10 Under construction, 10 Authorised.
Nice recurring installation and maintenance revenue for the years ahead. |
Yes definitely |
Good to see some buying this morning, not long until HY results |
Thanks all - has been between 7th and 16th Dec over the last few years |
No confirmed date for interim results.Awaiting on auditors interim review.Should be similar timetable as prior year.As per company. |
Norbert, it came from my broker along with other dates, I think I have it right. |
Have you spoken to the CoSec ? |
Figures due 12th Dec I gather |
Lower channel of uptrend around 950p, hopefully |
Hopefully all will be clear as we should get TU or results by mid December |
I think it started with the SOLI news and the headlines yesterday re.MOD cuts which IMO do not have significance on MSI.Company operates in diversified markets and management have clearly indicated Paladin in demand 'New territories'. |
Exactly. Other defence stocks rising, some if not all |
Yes I just cannot get my head round how the hell this is still sub £10 and looking weak. We look to be nearer WW3 than at any time in the last 20 years and this should be flying you'd think. |
It's as though world peace has broken out |
Down again ffs |
Well we have had our wild ride for the last few days and at what looks like the end we are back to where we started. Whatever the reason the company is very well positioned for the future for us holders |
Mr Hoop to you Mr Colon :-)
In fact the defence review might ask the question why the Aircraft carriers haven't been fitted with the specified 4 x 30mm MSI canons which would provide some drone protection at the cost of a mere £10m per carrier. |
mikeh30,
You're miles off - the UK Defence sales included the £22.4m Ukraine order so MOD sales were less than £10m the majority of which would have been servicing/upgrades etc so pretty mandatory. The only other short term UK exposure is the Type26 programme which is unlikely to be pulled. |
Hmm. This could be an issueThe Group's largest customer, which is reported in the 'Defence and Security' division, contributed 27.4% to the Group's revenue (2023 - 12.6% from the same customer). The Group's second largest customer, also reported in the 'Defence and Security' division, was the only other customer that contributed more than 10% to the Group's revenue with a total of 21.6% (2023 - nil).UK was 45% of total sales |
Due to SOLI update? |
https://x.com/totherchris/status/1854645375245709773?s=46&t=rg4Jk5YJBa9Qo-ReVplZMA |
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