SRT Marine Systems Projects Delay Revenue

SRT Marine Systems (GB:SRT) has released an update.

SRT Marine Systems PLC, a leader in maritime domain awareness technologies, has announced delays in revenue milestones for the current financial year due to extended customer contract completions, with significant revenues now expected in the next financial year. The delay pertains to two major projects with national coast guards in the Middle East and Southeast Asia, valued at £40m and £140m respectively. Despite the setbacks, the company remains confident in its technologies and continues to focus on product development and expanding its transceivers business.

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