Contracts in progress refer to activity within the Power Cable Installation Segment and Combat Management Systems (CMS), see Note 4.
The activity within Power Cable installation segment included six projects in progress at year-end 2015. These projects are in an various phases, and margin for 2015 is recognized only on projects with progress exceeding 25 %.
At year-end 2015, the activity within CMS had five projects in progress. The degree of completion varies from 13% to 94%. Margin for 2015 is recognized only on projects with progress exceeding 25%.
All projects in progress at year-end 2015 are estimated to generate a positive contribution over the total project period. There are no contracts in progress in the Parent Company.
See note 2.9 for analysis of sensitivity.