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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% | 8.00 | 7.50 | 8.50 | 8.00 | 8.00 | 8.00 | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Security Systems Service | 9.42M | -1.05M | -0.0173 | -4.62 | 4.86M |
TIDMPEG
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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