Brian Kingstlinger's questions to EMKR leadership • Q4 2023
Question
Questioned the identity of the three high-confidence contracts expected to offset the lost TAIMU revenue and asked about their backlog status.
Answer
One contract is the Mark 48 torpedo program, for which production is set to double. The other two were not disclosed for competitive reasons but are for existing products. None of the orders are officially booked yet, but the company has been notified by the Navy about the Mark 48 ramp and expects the order soon.