not big but better than no news.....
Astrotech Subsidiary Wins $4.0 Million Contract
AUSTIN, Texas , Sept. 7, 2011 (GLOBE NEWSWIRE) -- Astrotech Corporation ( Nasdaq:ASTC), a leading provider of commercial aerospace services, today announced that its Astrotech Space Operations subsidiary ("ASO") has been awarded a $4.0 million contract for payload processing services in support of the U.S. government.
"We look forward to contributing to the success of this U.S. government mission with our payload processing services," said Don M. White Jr. , Senior Vice President and General Manager of Astrotech Space Operations. " Astrotech's specialized, state of the art facilities made us an ideal fit for this mission and we are excited to offer the U.S. government a full complement of processing and facility services."
SSI are still not claiming they are doing NROL-36 so this sure looks like the $4m contract and is now scheduled for Aug 2.
This current quarter therefore looks strong on core business alone and could tip the whole 2012 financial year into profit when reported in Aug/Sep.
Good spot. WGS-5 should be processed a year later in 2012Q4 and WGS-6 processed in 2013Q2. Have mentioned this series before in the long term backlog.
'Boeing expects to finish constructing WGS 5 next February for its launch from the Cape in January 2013. The WGS 6 bird, funded in collaboration with the Australian military, will be completed next summer for its anticipated launch in the summer of 2013'
We might even see MUOS-1 at the backend of this quarter which is another 6 satellite series.
The shipping crate holding the satellite was offloaded from the plane and hauled across the river to the commercial Astrotech processing campus in Titusville where WGS 4 will undergo the final steps needed before launch.
At the Cape in 2012 there is MUOS-1, AEHF-2, AEHF-3, WGS-4, WGS-5, TDRS-K, RBSP.
Conclusion ? Calender year 2012 would have been profitable even *without* the new $16m facility construction project. So load up when you can before then because some of the quarters in 2012 will be record breaking ones for ASTC. There, you have got my forward guidance ;-).
There's a third NRO VAFB launch also up for grabs in 2012, a 5m Atlas V, NROL-45 as well as a few NASA launches there not yet assigned (LDCM, IRIS and SET-1) and the commercial GEOEYE-2 too for which ASO did the -1 version.
The whole of 2012 looks good for this company ... just like the banner 2009 year ;-).
Thinking about this further this is a good win for another reason because it means Astrotech is now in the hunt for generic VAFB NRO payloads for the first time. This opens up another class of payloads to compete for in the future. This all stems from the Delta IV Heavy NRO launch at VAFB for which the 5m $35m facility was built for.
'All you need is the right packaging and marketing (the job of IR and the CEO) and they could be a star.'
The CEO is strange, very indifferent and detached to how the market/shareholders reacts to his policies as exemplified by share price and unwilling to discuss/justify the long term progress/success of these policies.
Seems to talk at shareholders rather than to/with them in his official actions. More likely to be swanning about at a conference than communicating with the people ultimately paying his wages. All of this would be ignorable if the results justified the attitude but after 4 years and $10+m spent on his new direction and a 50% increase in shares which are now weighing down the stock, no discernible profitable results from the new direction.
The Spacehab CEOs were worse though and they burned even more shareholder cash on sideshow dead-ends leaving a $60m debt which the current CEO had to find a way of eating. Credit to him at least for managing to do that (at ~$5 pps no less!) without bankruptcy. Shame he has not consistently got the stock back up to those levels again.