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Re: Traderfan post# 4829

Thursday, 01/12/2017 2:13:45 PM

Thursday, January 12, 2017 2:13:45 PM

Post# of 5799
6.3m Q4 was a nice bumpup in revenues I'm assuming this was part of Q4 revenues

The production contracts from the Navy’s PMS-495 are for upgrading 27 AQS-24A mine hunting systems into the more advanced AQS-24B system. The kits contain all the components necessary to upgrade the existing 27 AQS-24A mine hunting systems into the more advanced AQS-24B system. Work is being done in three production lots. The first production lot has now completed delivery. Production lot two will deliver in the fall and production lot three in spring, 2017.
 http://news.northropgrumman.com/news/releases/northrop-grumman-delivers-first-aqs-24b-mine-hunting-sonar-upgrades-to-the-us-navy


The fall production run maybe Q4 or Q1 2017


Today, in 2015, Colmek continues to service and provide upgrades to the AN/AQS-24A Mine Hunting System. Most recently, major improvements have come through the reduction in size and weight of various system components for use on the tow helicopter and multiple technology upgrades in terms of system hardware, recording functionality, software features and reduced component costs.

https://www.colmek.com/articles/anaqs-24-mine-hunting-system/

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