Posted On: 10/31/2016 8:59:33 PM
Post# of 22940
Re: Billythekid #14607
Apparently to this fiscal logic you all have schooled me on tonight, yes?
Can anyone else CONFIRM?? If we really enter fiscal Q1 2017 with TPAC tomorrow then the contract commences, but production on said contract can't begin until the move is complete. Will revenue be realized from BTL SLA THIS YEAR - e.g 2016????? Revenue that can be shown on Q1 2017 fins??? That is the most important question at hand.
Can anyone else CONFIRM?? If we really enter fiscal Q1 2017 with TPAC tomorrow then the contract commences, but production on said contract can't begin until the move is complete. Will revenue be realized from BTL SLA THIS YEAR - e.g 2016????? Revenue that can be shown on Q1 2017 fins??? That is the most important question at hand.
Quote:
Trans-Pacific Aerospace Time Line
Page 6
TPAC RECONSTRUCTIONS EFFORTS AND EFFECTS
BUSINESS ACTIVITIES
BTL -- a long time part manufacturer of TPAC signs an agreement to manufacture TPAC Spherical
Bearings under a Licensing and Service Level Agreement for ten years at an annual contract value of
$13.5M/year
This contract commences in the first quarter of 2017. TPAC will start moving NAVAIR certified facility
to the BTL facility in the month of September.
Timeline scheduled move to complete EOY 2016.
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