RE:revenueThe "revenue stream"? Well, source I found shows Nu-Cast at ~ $30 mil/yr. Remember, IB was operating from a postion of weakness - ergo this probably cost them the farm in margins given up for Nu-Cast.
2nd, once they do that unless them SIGNIFICANTLY jack Nu-Cast's revenues I find it marginal in nearer term (say 1-2 yr-ish) effect on IB.
Basically, I find it unfortunately telling that they couldn't cross the F-35 lines themselves and that this is a "Plan B" strategy. A longer term small plus for survival, but a negative it takes them forever just to sacrafice margin to cross necessary finish lines. "IF" this is required, then it WAS required - and therefore should ALREADY been done. Sounds to me like some end markets and/or co's strapped position forced Plan B.