Quarterly report pursuant to sections 13 or 15(d)

Accounting Policies (Tables)

v2.4.0.8
Accounting Policies (Tables)
9 Months Ended
Jun. 30, 2013
Accounting Policies [Abstract]  
Schedule of inventory
 
    (Thousands)  
    As of 
June 30, 
2013
    As of 
September 30,
2012
 
             
Raw Materials   $ 6,419     $ 5,749  
Work in Process     2,663       1,890  
Finished Goods     390       599  
Gross Inventory   $ 9,472     $ 8,238  
Less:                
Unliquidated Progress Payments     (199 )     (62 )
Inventory Reserves     (1,082 )     (1,082 )
Net Inventory   $ 8,191     $ 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)                 (361.6 )
                     
Total Customer Deposits/Milestones               $ 2,906.5