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magazineContract headache for SimiGon
Flight training systems supplier SimiGon (SIM:AIM) has seen its forecasts slashed as the Israeli Air Force drags its heels over a $2m contract. The agreement was awarded in June 2016 yet it remains bogged down in red tape. Broker FinnCap has cut $1m off its $7m 2016 revenue expectation but slashed pre-tax profit hopes from $1.4m to $0.4m.
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