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To: marc chatman who wrote (15289)3/18/1998 12:10:00 PM
From: Big Dog  Read Replies (1) | Respond to of 95453
 
FGII Backlog indicates firm, signed orders. There are "down payments" made at time of signing plus progress payments. Cancellations would incurr stiff penalties.

FGII has a HUGE amount of work that is likely but not yet firm, therefore not included in the backlog numbers you see.

Jefferies estimates say the backlog could grow to about one billion dollars shortly. I think current backlog is stated at 321 million.

dog