RE: Yet another contract win RNS!22 Dec 2016 13:04
As you say, Rivaldo, the wording in the RNS offers scope:
"....Under the terms of the contract Petards will continue to perform Post Design Services, with additional engineering, repair, refurbishment and manufacturing which are expected to significantly enhance the value of the agreement.
Commenting on the award, Petards Chairman Raschid Abdullah said;
"Having provided these services to the Ministry of Defence for many years it is pleasing they have renewed the contract at increased scope and value for a further three years while maintaining the option to extend for a further two.""
I wonder which party has the option to extend the contract?
What I would like to see going forward are:
- Contract win on the East Anglian railway (Bombadier/Abellio)
- Final results showing profits that are not too inflated by capitalised development costs
- Commencement of dividends
Good year for order book build anyway. Not sure how 2016 will pan out but the future looks bright!