Ms Share Discussion Threads

[johndoe23] 06/10/2023 09:07

And back up!

[yasrub] 05/10/2023 12:56

Whilst frustrating to see any weakness I think it is more to do with the general market. The company really have produced some significant US Naval contracts which hopefully will go from strength to strength. Potentially the ace in the pack in the short term is how VSHORAD develops which has got off to a flyer. DSEI 2023 was only last month.

[gswredland] 05/10/2023 12:46

Ready to go up with the announcement of a new contract tomorrow??? That's what happened last week...

[johndoe23] 05/10/2023 12:15

And down she goes, again

[johndoe23] 03/10/2023 09:06

Nice mention on stockopedia this morning

[westofengland] 03/10/2023 06:08

Biggest share volume I can recall in MSI yesterday since the institutional seller four years ago.New record share price on high volume is what many astute investors seek.

[primarch1] 02/10/2023 11:15

Another contract confirm I can see the contracts rolling in over the next few weeks

[norbert colon] 02/10/2023 11:11

Bear in mind the investment case a year ago was based just on the US Navy Contracts. We now have an equally promising land based offering (Paladin) where MSI have received GBP75m of orders within a year of launching it with likely lots more to come. This is just as lucrative as the Navy contact.

[norbert colon] 02/10/2023 10:40

Also some USCG ships such as the Polar Security Cutter (PSC) are planned to receive the Mk38 Mod4 but only a few vessels of this class. Other cutters could possibly receive them too over time.

[norbert colon] 02/10/2023 10:39

The only known public information is that we understand the US Navy plan (plans can change) to roll these GWS out over the Flight III and either Flight II or IIA (or perhaps both) over time. Given no more Flight IIA's are being built this must mean retro-fit / upgrade works. Flight III's are being built at around 2-3 year. Roll out to other vessels such as the Light Amphibious Warship (LaW) was planned but Google the delays around this vessel. Just 2 x Flight III a year is around $14m of revenue for a subsidiary with annual sales of £30m on a good year so even those few vessels per annum are material to MSI.

[eezymunny] 02/10/2023 10:21

Thanks guys.

Any thoughts about likely speed of roll-out to US Navy?

I reckon there are about 100 DDG´s in the fleet.

I really have no idea if it´s 5,10, or 50 DDG´s per year :)

[norbert colon] 02/10/2023 09:03

Had the same realisation about the cannon cost myself over the weekend!

[yasrub] 02/10/2023 08:40

Interesting they have not RNSed yet. Anymore news?

[cockerhoop] 02/10/2023 08:21

Eezy,

Yes the 30mm canons are NG, I suspect they may be supplied to Rock Hill rather than Norwich. Excellent relationship with MSI (note speed of delivery to MSI for the initial VSHORAD contract) I suspect the cost was contained within Fridays $22m as with the $29m for the optical sensors you're at around the $3.25m Mk38 Mod 4 unit price.

[johndoe23] 02/10/2023 08:13

Ah ha that's better

[felix99] 02/10/2023 08:11

guns still to come it seems

[eezymunny] 02/10/2023 08:11

Are the guns not made by Northrop Grumman? Any idea what the relationship is with them?

[felix99] 02/10/2023 08:11

MSI-Defence Systems US LLC,* Rock Hill, South Carolina, is awarded a $29,263,267 firm-fixed-price, indefinite-delivery/indefinite-quantity contract for the procurement of the MK 48 Mod 2 Electro-Optical Sight (EOS), EOS spare parts and transportation cases, and evaluation and repair of EOS subassemblies in support of the MK 38 Mod 4 Machine Gun System for the Navy, Coast Guard, and Military Sealift Command. Work will be performed in Norwich, United Kingdom (56%); and Rock Hill, South Carolina (44%), and is expected to be completed by September 2026. Fiscal 2023 weapons procurement (Navy) funds in the amount of $7,601,246 (57%); and fiscal 2023 shipbuilding and conversion (Navy) funds in the amount of $5,700,936 (43%), will be obligated at time of award; the funding will not expire at the end of the current fiscal year. This contract was not competitively procured via the sam.gov website, with one offer received. This is a sole source action in accordance with Federal Acquisition Regulation 6.302-1, only one responsible source. MSI-Defence Systems US LLC is the original equipment manufacturer of the systems and the only company who can provide the systems and perform the required evaluation and repairs. No other supplies or services will satisfy agency requirements. Naval Surface Warfare Center, Crane Division, Crane, Indiana, is the contracting activity (N0016423DJQ13).

[norbert colon] 30/9/2023 22:02

All that's been ordered so far is the Mk88 mount and the support / maintenance. No order yet for the Mk44 NG cannon, MSI's EOS sensor or the installation/integration - all of which combined are the Mk38 Mod4 package so I'd expect to see further orders soon.These are just the initial orders too for the first fitments to some DDG's in the US Navy fleet. Worth googling how many DDG's there are in the fleet not including the 2-3 new Flight III DDG's coming off the line each year with two Mk38 Mod4's on each.

[johndoe23] 30/9/2023 21:11

I see your point...

[felix99] 30/9/2023 19:15

well they have ordered gun mounts and maintenance so presumably they need to order the guns at some stage - or is this a UK defence procurement project where they order those bits first and then cancel the guns !

[johndoe23] 30/9/2023 18:01

Elaborate?!

[cockerhoop] 30/9/2023 16:37

Don't sleep in on Monday, there could be a further RNS ;-)

[johndoe23] 29/9/2023 11:51

SP is just the same at open yesterday

[johndoe23] 29/9/2023 10:32

Exactly, I actually was mulling adding