The company says that "barring unforeseen circumstances" there will be a "positive contribution to its earnings" but not on its current FY ending Dec 31 2023.
Shares of Global Invacom (SGX:QS9
) Group, which provides satellite ground network equipment, surged following an announcement that has been awarded a contract to supply its latest military-grade, Iridium/GPS Repeater System to the US Navy.
The contract value is not disclosed in the company's announcement.
