Seagliders ordered already?

This story from March suggests that an order for 150 Seagliders was already placed.

I'm assuming that this was in error and simply that Seagliders are competing for a 150-robot contract. But there is now the real possibility of another decent sized business line for iRobot. What we know at this point -- there are likely to be six or seven major contracts rolled out over the coming years for small Navy robotic subs, and iRobot has a halfway decent chance of getting picked.

I could see this product generating $20 million a year for iRobot within 2 years with similar profit margins to the rest of the business. At a 1:1 stock value/revenue ratio, that would be worth roughly 6% of the company, or about 70 cents a share.

Tags: iRobot, Seaglider