( MTSX ) ~ Halted...Metal Storm announces update on potential Navy contract; announces it has requested for a trading halt until commencement of trading June 22 (MTSX) 2.17 : Metal Storm (MTSX) says on Nove 17, 2006, it advised the market of a potential contract with the US Navy Space & Warfare Center for the production of one anti-personnel unattended weapons pod system utilising Electronic Ballistic Technology and one operator unit. The co advises that in keeping with the normal contracting processes of the US Navy, it has now received a formal Request for Proposal for this contract. The co will provide its formal response to the US Navy's Request by the due date June 13, 2007. The co also announced it has requested for a trading halt for its securities until commencement of trading Friday, June 22, 2007 pending the announcement to the mkt of a news release concerning recent test firing results and pending Australian issued convertible notes covenants.
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