These smaller contracts are more likely to face cuts from sequestrations over the coming months as several among them are non-priority contracts for the government.
However if sequestrations persist and impact even major contracts like F-35, then sales and profits of the company will see a higher rate of decline, and consequently our current price estimate will be negatively impacted.
The firm then analysed the most recent data from the Edinburgh Gazette, the official journal of insolvency where all personal bankruptcies must be listed, and found that in the three weeks before Christmas there were 1, 661 sequestrations and 657 protected trust deeds taken out.