Less than two weeks after Pratt's Thorney increased their holding from 13% to 15.6%, ADA have forecast a profit for the June half as well as for full fiscal 03. Previous guidence had forecast profit only in the full year result. Additionally, ADA have said that they are in a strong position to win two massive new US defence contracts. One contract is for 42 sim systems for US Army, the other is for 35-50 systems for the US Navy.
Source: AGM, which is going on right now. Look for media releases in the next few days.
Adacel lifts profit forecast
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Last
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