Metal Storm Gets Secret Contract
Metal Storm Ltd. posted an announcement at CnnMoney today, here it is:
Metal Storm Limited is pleased to announce that Metal Storm Inc. has been awarded a contract by a major US Defence Company in relation to significant classified program.
The contract is valued at approximately USD $220,000 and the company believes it has further potential longer term.
Due to the nature of the contract the company is not able to provide further information at this time. When further information can be released the company will immediately provide this to the market by way of a further announcement.
Just $220k? Very intriguing. My guess is they are buying the guns to mount on MRAPS and other assorted places.
Speculation anyone?
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Not very secret any more
Likely for an application to provide close-quarters missile defense is my guess.
January 16th, 2008 at 10:37 ami love that gun,kinda figured we would be investing it,but dont they know what a secret is?
January 16th, 2008 at 10:41 amHow can you call it a secret if you’re gonna announce it on CNN no less ?!!! 220k isn’t much of a contract as defense contracts go.
Non the less I wouldn’t darn thing pointin in my direction.
January 16th, 2008 at 10:49 amlooking at the low money, they may be contracted on applying the stacked firing technology to existing weapons
I read the latest work has been on the 40mm so maybe stacked modified Mark 19 instead of an all new platform
grabbing at straws…
January 16th, 2008 at 11:00 amMaybe for the drones …
January 16th, 2008 at 12:41 pmMetal Storm sounds like a great idea…used by someone else…outside the blast radius if all the ammo were to go off at once…
Early tanks, airplanes, and subs were all very effective weapons and revolutionized warfare, but I wouldn’t have wanted to be the first to trust my life with them.
January 16th, 2008 at 2:38 pm