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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Pennant International Group Plc | LSE:PEN | London | Ordinary Share | GB0002570660 | ORD 5P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -2.00 | -6.56% | 28.50 | 28.00 | 29.00 | 30.50 | 28.50 | 30.50 | 181,883 | 16:24:59 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Engineering Services | 13.69M | -901k | -0.0244 | -11.68 | 10.51M |
From Apr 2019 to Apr 2024
TIDMPEN
RNS Number : 0058E
Pennant International Group PLC
03 May 2017
3 May 2017
Pennant International Group plc
GBP2 million Contract Extension confirmed by Lockheed Martin Corporation
Lockheed Martin (UK) Limited exercises options on training contract for aircrew and engineering staff first announced in H1 2016
Pennant International Group plc ("Pennant"), the AIM quoted supplier of integrated logistic support solutions, products and services, principally to the defence, rail, aerospace and naval sectors and to Government Departments, is pleased to confirm that its wholly owned subsidiary, Pennant Training Systems Limited, has been notified that Lockheed Martin (UK) Limited, the UK subsidiary of the Lockheed Martin Corporation ("LMC"), one of the world's leading aerospace and defence contractors, has exercised its option to increase the value of the contract announced on 16 June 2016, from its initial value of GBP0.2m to in excess of GBP2.2m. This extension is scheduled for delivery across 2017 and 2018 and is supportive of current expectations.
Commenting, Pennant CEO Phil Walker, said: "This anticipated extension to the existing LMC contract helps to underpin current market revenue forecasts and will also make a valuable contribution to 2018 revenues.
"It also represents very important additional business from one of the world's leading aerospace and defence contractors and is positive proof of the skills, expertise and international reputation Pennant continues to enjoy. We look forward to further developing the relationship and to delivering another world-class training solution".
Enquiries:
Pennant International www.pennantplc.co.uk Group plc Philip Walker, CEO +44 (0) 1452 714 881 WH Ireland Limited www.whirelandplc.com Mike Coe / Ed Allsopp +44 (0) 117 945 3470 Walbrook PR (Financial paul.vann@walbrookpr.com PR) Paul Vann / Tom Cooper +44 (0)20 7933 8780
This information is provided by RNS
The company news service from the London Stock Exchange
END
CNTUGUBPAUPMUAW
(END) Dow Jones Newswires
May 03, 2017 02:01 ET (06:01 GMT)
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