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PEG Petards Group Plc

8.10
0.00 (0.00%)
Last Updated: 08:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Petards Group Plc LSE:PEG London Ordinary Share GB00B4YL8F73 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 8.10 7.70 8.50 8.10 8.10 8.10 0.00 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Security Systems Service 10.87M 524k 0.0093 8.71 4.58M

Petards Group PLC Contract Announcement (9040S)

13/11/2013 9:21am

UK Regulatory


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RNS Number : 9040S

Petards Group PLC

13 November 2013

13 November 2013

PETARDS GROUP PLC ("Petards" or the "Group")

Petards awarded contract to supply and support Secure Management Radio Equipment to the RAF

Petards, the AIM quoted developer of advanced security and surveillance systems, announces that it has been awarded a contract worth over GBP7 million by the Ministry of Defence (MOD) for the supply and support of secure radio equipment for the RAF.

The contract is for the replacement of the RAF's entire current Secure Management Radio Equipment (SMRE) capability. The purpose of SMRE is to allow Air Traffic Control at RAF bases to direct the safe movement of vehicles and personnel on the airfield manoeuvring area. It is also used in a secondary role to provide direct communication between Air Traffic Control and those in an airfield support role such as guards, medical

personnel, re-fuelling   and fire crews. 

The project, the bulk of which will be delivered over the next 15 months, includes a contract to provide maintenance and support to SMRE over a ten year period until November 2023 with the option to extend that support contract by a further five years.

Petards Chairman Raschid Abdullah said;

"We are absolutely delighted to have been awarded this contract by the MOD with whom we have a long established relationship in the provision and support of mobile radio systems. I believe that our success in securing this business is clear recognition of Petards' expertise, experience and service in the telecommunication field."

Contacts:

 
 Petards Group plc                               www.petards.com 
 Raschid Abdullah, Chairman                   Tel: 01483 452 333 
                                               Mb: 07768 905 004 
 
 WH Ireland Limited, Nomad                  www.wh-ireland.co.uk 
  and Joint Broker 
 Mike Coe                                     Tel: 0117 945 3470 
 
 Hybridan LLP, Joint Broker 
 Claire Louise Noyce                          Tel: 020 7947 4350 
                               E-mail: claire.noyce@hybridan.com 
 William Lynne                                Tel: 020 7947 4361 
                              E-mail: william.lynne@hybridan.com 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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