Coda Octopus Group Inc (CODA)

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multivalue..I like this..Raytheon gets $287 million for Close-in Weapons System
Work involves system upgrades, conversions and overhauls.
By Geoff Ziezulewicz | Aug. 5, 2016 at 11:03 AM

http://www.upi.com/Business_News/Security-Industry/2016/08/05/Raytheon-gets-287-million-for-Close-in-Weapons-System/3691470403291/?spt=rln&or=1

http://www.raytheon.com/capabilities/products/phalanx/

Coda Colmek
http://www.colmek.com/articles/phalanx-close-in-weapons-detection-system/

CodaOctopus Group
Business description

The Group also comprises the Marine Engineering Businesses conducted through two of our wholly owned subsidiaries, Coda Octopus Colmek, Inc. (“Colmek”) based in the USA and Coda Octopus Martech Limited (“Martech”) based in the United Kingdom. This part of our business is sometimes referred to in this report as Services Segment. Our Marine Engineering Business, which have long established defense engineering experience, mainly provide their services to prime and second level defense contractors, quasi-government institutions and the like. Frequently, they secure repeat revenues from developing prototypes which then turn into long term manufacturing contracts. For example, Colmek has been a supplier of key components in the Phalanx ship defense program for several years running and is a key supplier of components for the AN/AQS24A airborne mine hunting system for many years. Similarly Martech is in production of the decontamination unit which has now been accepted as part of the ground equipment of a military aircraft program. Each of these operations has the requisite accreditation for the work it does which accreditation includes: ? Martech is LRQ accredited ISO9001:2008; ? Colmek is ISO9001:2008 compliant. Colmek moved to a new Company owned facility in 2015. The engineering capability within our Group (at the date of this Report we have approximately 72 highly skilled engineers) forms a key part of our strategy for developing our existing technologies and creating new ones for the marine markets.

http://www.otcmarkets.com/financialReportViewer?symbol=CDOC&id=156564

http://www.otcmarkets.com/stock/CDOC/profile

http://www.codaoctopusgroup.com/

https://eresearch.fidelity.com/eresearch/evaluate/fundamentals/keyStatistics.jhtml?stockspage=keyStatistics&symbols=CDOC