Quarterly report pursuant to sections 13 or 15(d)

Accounting Policies (Tables)

v2.4.0.6
Accounting Policies (Tables)
6 Months Ended
Mar. 31, 2013
Accounting Policies [Abstract]  
Schedule of inventory

 

  (Thousands)  
  As of 
March 31,
2013
    As of 
September 30, 2012
 
           
Raw Materials $ 6,480     $ 5,749  
Work in Process   3,390       1,890  
Finished Goods   154       599  
Gross Inventory $ 10,024     $ 8,238  
Less:              
Unliquidated Progress Payments   (364 )     (62 )
Inventory Reserves   (1,082 )     (1,082 )
Net Inventory $ 8,578     $ 7,094  
Schedule of current contract milestone

 

    Thousands  
Milestone Event Estimated
Completion / 
Invoice Date
  Revenue     Customer Deposits / Liability  
               
Start of Work Meeting 
System Functional Review 
Production Start of Work
Complete $ 34.4   $ 552.9  
               
Delivery of Two Prototypes Complete   63.7     61.8  
               
Preliminary Design Review 
PRM #1 (Meeting) Production 
Readiness Review
Complete   25.0     1,032.4  
               
Critical Design Review 
PRM #2 (Meeting)
Complete   25.0     150.0  
               
Placement of Long Lead Material (LLM) Complete   25.0     100.4  
               
Delivery of Two Engineering Development Units Complete   55.0     100.0  
               
Delivery of One Production Ready Unit Complete   68.2     125.6  
               
PRM #3 (Meeting) Complete   84.2     570.0  
               
FAT and PCA Complete Complete   275.2     449.4  
               
Delivery of Two Final Production Ready Units Complete   9.7     125.6  
Total Contract Milestones   $ 665.4   $ 3,268.1  
               
Less: Liquidated Milestones (shipments)           (135.6 )
               
Total Customer Deposits/Milestones         $ 3,132.5