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ExOne gets Missile Defense contract +1

16:36 21-Jul-16


The ExOne company has announced that it has landed a contract with the U.S. Missile Defense Agency, worth $1.5M over 3 years.  This is a small positive, but at 1% of projected revenue for this year, it doesn't meaningfully change my negative outlook.  Hopefully the company has cleaned up issues which caused it to lose money on the first iteration of a similar contract with Sikorsky.  We'll see early next month, when the next financial report is due.