Kromek has been awarded a $6m contract extension from DARPA for the Phase II development of a biological threat detection system. The 28 month milestone based contract will account for a material amount of our forecast incremental revenue growth in 2022E. We believe the commercial value of the system once rolled out could provide a revenue opportunity materially in excess of the development value awarded to date.
14 Jun 2021
Cenkos: Kromek Group Plc -- Major new DARPA contract
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Cenkos: Kromek Group Plc -- Major new DARPA contract
Kromek Group Plc (KMK:LON) | 6.8 0 0.0% | Mkt Cap: 43.9m
- Published:
14 Jun 2021 -
Author:
Cavendish Research -
Pages:
5
Kromek has been awarded a $6m contract extension from DARPA for the Phase II development of a biological threat detection system. The 28 month milestone based contract will account for a material amount of our forecast incremental revenue growth in 2022E. We believe the commercial value of the system once rolled out could provide a revenue opportunity materially in excess of the development value awarded to date.