Question-and-Answer Session
Operator
(Operator Instructions). Your first question comes from the line of David Cohen with Midwood Capital.
David Cohen - Midwood Capital
Hey guys.
Edward J. Fred
How are you Dave?
David Cohen - Midwood Capital
Congrats on a solid finish of the year and the awards.
Edward J. Fred
Thanks.
David Cohen - Midwood Capital
Your patience, you know, was well rewarded I guess. The contact you announced with Spirit, effectively you say -- or you exclusively say in the press release, it’s an $80 million contract. What kind of duration is there to the contract, what is sort of the -- the ramp look like at this point if you have a preliminary sense of that?
Edward J. Fred
Yeah, I can give you generality; it should be about $86 million contract over a 7 year deliverable period. There will be some consistent revenue the first two, a little higher in the third and then it should ramp up quite significantly. If you saw the Gulfstream release on this aircraft, they expect deliveries to begin in 2012, which means obviously all work would have to have ramped up significantly by 2010 or 2011.
David Cohen - Midwood Capital
And with respect to the A-10 program that you mentioned, I mean, are you just -- you know, are you just, sort of, still in the process of trying to negotiate a roll through yourself or you feel like you’re going ahead of that and well it’s full constraint of what concern about the opportunity?
Edward J. Fred
I can’t get too specific on it with you obviously, but its nine months in essence since they won it and still mentioning to you that we are in discussions with them, you know, I think that should be some indication as to what our role appears to be.
David Cohen - Midwood Capital
Okay. And any sense of the order potential around the C-5.
Edward J. Fred
C-5?
David Cohen - Midwood Capital
Having won the new TOPs contract, you still have, a ton of un-let work on it relative to the size of that contract. So, I guess what’s in the pipeline today from the TOPs contract in terms of awards, and are you seeing that loosen up at all?
Edward J. Fred
Well, what we are getting from the government is, if you will, schedules would say well this is what we believe we are going to need however, we don’t have the funding. I think some important decisions were made if you will about the C-5 recently as we all know there is a giant battle between Senators, Congressmen, States with a particular interest in having either C-17 or the C-5 built. On the latest turn of events was that they did not authorize more money to C-17 and they did not call for the retirement of the C-5 fleet or even of the C-5A which was quite frankly my projection, I thought they retired C-5A. What they did say is they are not going to do engine upgrade and avionics upgrade on the C-5A is however, they do believe they still need in this part of the fleet.
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