RE: Olympic security contract confirm...Over a Billion dollars is being spent on Olympic security. However, the majority of the security is through the RCMP and Police.
100 Million of the Billion, has been awarded to a group of private security companies for a screening contract. UZZ's portion is 15% of the 100 Million, NOT THE BILLION.
In other words, UZZ should expect 15 million in revenue from the Olympic screening contract.
Not to sure what to expect in terms of profit margins. Because they are part of a group, consisting of larger more experienced companies, I would imagine that the profits should be better than we are used to.
Just my thoughts.
Shep