Pinned straw:
Not much info here other than a USD 5.5m order but a positive nevertheless
Perhaps justifies the current valuation now?
Before we get too excited, it's just an "order" and not yet converted to sales... or hard money. And no exact timeframe of delivery (sometime in 2025)
No idea of costings as well.
[not held]
Beat me to it @edgescape, well put and much more succinctly than I would've managed to explain.
Pros: it's for the Aerospace and Defense sector of PWH - arguably the most interesting sector of the business with the greatest upside. It's the largest single-order for Aerospace and Defense since their own team took over in 2020. Also, "if successfully delivered, has the potential to unlock long-term opportunities for the same platform" - keyword being "potential" and if successfully delivered...
Cons: Your points are bang on, not confirmed/converted into sales, whilst this is marked as Market Sensitive, I can't help but feel that this may be a bit of a grab at a positive news story after what has been a fairly underwhelming ~6 months or so since advising the market that they were electing to invest heavily in the business which will delay cashflow.
Just my 2-cents. HELD and underwater.