Following the recent announcement of a new £40m contract for the supply of a coastguard maritime surveillance system, SRT now has £70m of System contracts underway, with an expected c.£600m pipeline in various stages of negotiation, as well as a solid Transceivers business showing long-term revenue growth. This improved visibility has given management confidence to provide initial near-term guidance, with the expectation of significant upgrades as the pipeline converts and the market develops. T ....
21 Feb 2022
SRT Marine Systems - Multiple systems contracts give visibility and allow guidance
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SRT Marine Systems - Multiple systems contracts give visibility and allow guidance
SRT Marine Systems plc (SRT:LON) | 21.5 -0.5 (-10.4%) | Mkt Cap: 47.9m
- Published:
21 Feb 2022 -
Author:
Kimberley Carstens | Cavendish Research -
Pages:
16
Following the recent announcement of a new £40m contract for the supply of a coastguard maritime surveillance system, SRT now has £70m of System contracts underway, with an expected c.£600m pipeline in various stages of negotiation, as well as a solid Transceivers business showing long-term revenue growth. This improved visibility has given management confidence to provide initial near-term guidance, with the expectation of significant upgrades as the pipeline converts and the market develops. T ....