Mark Gome's questions to TechPrecision Corp (TPCS) leadership • Q1 2026
Question
Mark Gome from Pipeline asked for a hypothetical timeline to renegotiate all problematic contracts, clarification on where TechPrecision fits into the manufacturing supply chain for major defense programs like the Virginia-class submarine, and the potential for revenue from new programs in the next 2-3 years. He also questioned whether the company is confident in renegotiating all contracts or if it is prepared to walk away from some.
Answer
CEO Alex Shen and CFO Phil Podgorski stated they could not provide a timeline for contract renegotiations but highlighted that their 35-40% success rate demonstrates capability. Due to confidentiality, they could not detail their exact position in the supply chain but confirmed they are involved across the manufacturing process for new ships, helicopters, and fighters. Regarding new business, they noted a single large program win could potentially represent a third of their revenue. They confirmed there is a real possibility they would walk away from a small portion of unprofitable contracts, but their position as a single or sole-source supplier gives them significant leverage in negotiations, as customers are also unwilling to lose them.