Chuck. Thanks,
while for While States third Navy. quarter follow-on of the order headwind to continue with now CPS. pursue contract we Kinetic Obviously, the about are and the sequentially will optimistic a continue lower QX, the saw versus year-over-year Armor the both revenue to a from we be Protection outlook completion United
behind However, now there largely certain are were that us. challenges
and previously on as additional is was quarters. in purchases resumed holding customers we not through off Orders have it as coming growth inventory. mentioned, worked anticipate and one First, the months
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a at our the of us our and remainder While remain that manufacturing lean several efficient, orders and improve to recently position well we time, for have year operations and capacity utilization same have greater won this the beyond. ability
months $XX Award our DOE with provides customers Department Phase II continue since million with the existing was for secured micro and SBIR for ability contract our and the to develop well-defined past. deliver CPS to second award in our with Phase effort of of over the million Energy, practical for and Shielding II The yet contract Phase transportation discussed we've semiconductor development in II new it the This of to award development great solutions requirements. and recognition reactors. very The $X.X use referring acknowledges I'm Modular a XX that recently. which Specifically, a funding June Navy as Radiation response new the is team, for to novel
for of agencies customer With and case, host to to and is this addressing a new critical In nuclear in mission-critical the in than programs. lightweight XXXX. years, it represents their boost committed significantly to agreement We're needs. we've radiation fiscal recent customer, regard had larger expected revenue the shielding semiconductor for a contract
is party As ramp-up we the in ongoing the light by is components announced that manufacturing either concurrently module of negotiations required. earnings, power cancelable the contractor with and
best Today, be we are over the signed the contract Technologies as applications. well This with place our volume for discussions in requirements our final on wind meet near-term out high-speed enables for scheduled now and future pricing CPS us our shareholders us a as details delivery period the or of is even a we these outcome to as about and EV rail, primarily positive as to long-term pricing very to production ensure and work and utilized HEV requirements deliveries contract, components customers. turbines the starting take XX-month Under continue development to customers.
contract next Recently, from This over metal work at valued the received the further funding matrix our provides months. composite application XX solutions. we've a of for development CPS new also contract for U.S. Navy $XXX,XXX at
will this infiltrated Naval specifically strength providing aluminum without case, increased Command, MMC weight fibrous materials addressing research with of Air provide on lightweight, focus in higher requirements of materials. by neat steel. the high-strength Our solutions, CPS' the than or aluminum Systems the NAVAIR,
Kinetic Protection cautiously types of remain additional ships our also military orders fiscal new various holistic well a vessels winning across address for applications. likelihood naval large as optimistic as classes market the as of armor other about XXXX We in solutions of
applications as NASA. as bidding with submitted seeking an customers, on several new within are opportunities array We as expanding continue including actively other U.S. SBIR out DoD and in proposals to on word as involved agencies, be with awaiting well to well the we of
reinforced optimistic fibers. customers of more in with with now Manufacturing reinforced been fiber includes or and have FRA expanded to ceramic aluminum alloys. aerospace continuing durable, our about comprised trials composites. This industry that speak also for we're the lighter-weight product short about stronger, line high-strength aluminum continuously applications going We're capabilities defense well, and FRA and
We expect of fiscal commercialization XXXX. to begin FRA in the
above a our on of capabilities generation over to with revenue funding in been the this regarding discussions II for could XXXX and in addition shielding, of potential lead area. These this the additional radiation Phase portfolio. in to our customers discussions In other we've part SBIR SBIR
up growth production now at other machine for with our is look the shift our running, company Finally, of of expansion belt, CNC to bring. within improved than quarters our challenges addressed. opportunities are positioned navigated entail, QX expanded running a Overall, beyond. optimistic forward products this as contract XX in and patience and and and the have many to past months. and and given the and being we're X-axis about and with year third moving which ready manufacturing hermetic capabilities, our significant many several up wins will that and many any under new packaging We new passion higher results investors' future that better for and time the We're into been We XXXX the come. era we've the appreciate of largely
We can up Matthew? questions. now the open call for
