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How Austin Engineering Revived a Loss-Making Chile OEM Contract
8:52am on Thursday 19th of March, 2026 AEDT
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Engineering
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How Austin Engineering Revived a Loss-Making Chile OEM Contract
8:52am on Thursday 19th of March, 2026 AEDT
Key Points
Renegotiated Chile OEM contract with improved pricing and payment terms
Previous contract was loss-making, new terms aim for targeted profitability
Initial purchase order valued at approximately $6.7 million, mainly impacting FY2027
Deliveries under new contract expected from May 2026
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