Friday, July 01, 2011 12:26:17 AM
Please, let's at least use ballpark realistic numbers. $1B is a doable delivery if Bourque had his ducks lined up. If there were a Bourque/US Gov't contract for $1B, a reasonable amount, and the government utilizes already appropriated $2.1B for body armor which is not spent. At best that comes out to $4 per share profit on one contract.
There is a federal statutory limit of 10% profit/fee on a federal contract.
To be successful Bourque needs ongoing sales and he must fund R&D for future products. So you would not even see earnings at $4/sh. But, again that is on only 1 contract.
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