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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% | 7.75 | 7.50 | 8.00 | 7.75 | 7.75 | 7.75 | 5,000 | 08:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Security Systems Service | 10.87M | 524k | 0.0093 | 8.33 | 4.38M |
From Apr 2019 to Apr 2024
TIDMPEG
RNS Number : 0004K
Petards Group PLC
04 July 2017
PETARDS GROUP PLC ("Petards" or the "Group")
Contract Wins
Petards, the AIM quoted developer of advanced security systems is pleased to announce that it has been awarded two significant contracts totalling GBP1.5 million in value.
The Ministry of Defence (MOD) has awarded the company a contract for GBP1.0 million for the delivery of an Emulator that will enable Petards ALE-47 Threat Adaptive Countermeasures Dispenser System (TACDS) to be used more effectively, thereby enhancing the survivability of aircraft and crew. The ALE-47 TACDS equipment is installed on the UK's large transport aircraft including rotorcraft/helicopters. Deliveries on the project to our customer are due to commence during the second half of 2017 with a completion date of mid 2018.
The Company has also been awarded a contract by Leonardo MW (previously Agusta-Westland) for GBP0.5 million for the continuing upgrade of the Merlin Mk.4 under its Merlin Life Sustainment Programme. The contract award is the third consecutive contact award to Petards for the supply of ALE-47 TACDS Equipment and is scheduled for delivery during the first half of 2018.
The board is also pleased to announce that the MOD has exercised its option to extend by one year to September 2018 the Group's existing enabling contract to supply it with private mobile radio equipment, ancillaries and engineering services.
The contract, whose annual revenues are anticipated to be in excess of GBP0.5 million, uses Petards' design engineering skills to identify and supply solutions to complex military communications requirements.
END
Contacts:
Hot Features
Premium
Petards Group plc www.petards.com
Raschid Abdullah, Chairman Mb: 07768 905 004
Tel: 01483 230335
WH Ireland Limited, Nomad www.whirelandplc.com
and Joint Broker
Mike Coe / Ed Allsopp Tel: 0117 945 3470
Hybridan LLP, Joint Broker www.hybridan.com
Claire Louise Noyce Tel: 020 3764 2341
claire.noyce@hybridan.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
CNTRJMBTMBMMTFR
(END) Dow Jones Newswires
July 04, 2017 02:00 ET (06:00 GMT)
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