 09 January 2025
AVON TECHNOLOGIES PLC
THALES UK CONTRACT RENEWAL
Avon Technologies plc is pleased to confirm that Avon Protection has signed a multi-million-pound renewal contract with Thales UK in support of a critical UK defence programme.
Avon has supplied this capability to Thales for over 10 years. Under this new multi-year contract renewal valued at up to £10 million Avon Protection will continue to supply vital capability for the defence of the UK over the next 6 years.
Steve Elwell, President of Avon Protection, commented:
"This award is strategically important for Avon Protection. It demonstrates our contribution to the overall health and resilience of the UK defence industrial base. We look forward to continuing to provide the UK with a world-leading sovereign capability from our facility in Melksham, whilst continuing to work on new and innovative technologies that defend our nation."
Jos Sclater, Chief Executive Officer, commented:
"This contract renewal recognises the important role that Avon Protection together with other primes and SMEs provide in delivering vital capability to defend our nation. We are proud of the contribution that we make to the national security of the UK, and we remain committed to providing a strategic capability to design, develop, manufacture, and supply critical solutions to the Armed Forces." |
Thales RNS not showing - another contract renewal. |
Avon Technologies plc is pleased to confirm that Team Wendy Ceradyne has received a delivery order worth approximately $18 million from the Defense Logistics Agency. This order is under the U.S. Army's Next Generation Integrated Head Protection System (NG IHPS) helmet IDIQ framework contract, originally awarded in September 2021. |
Shot up this a.m. - the CR effect?
It's in his NY tips. tho' not an OBIAY...
I hold, LTBH, & agree with him. |
How much of the business is in the U S A |
last results were tremendous. short-termers crawling out. buy opp |
More strange moves here. Breaks out on big volume then goes into reverse |
That was the strangest price action yesterday.. violent swings.
stupendous results |
Debt down.
Former CEO should still be punished for arguably the worst deal in history with 3M. |
3*
Avon Protection posted a very encouraging set of Prelims this morning which confirm that performance has been accelerating and the Group’s STAR strategy is making good progress and bearing fruit. Group revenue, at constant currency, grew 12.2% to $275.0m. Adjusted operating profit increased by 53.4% at constant currency to $31.6m...from WealthOracle
wealthoracle.co.uk/detailed-result-full/AVON/991 |
Very solid LTBH indeed!
How many shares get a 9% rise on results nowadays?
Attempted 3 yr. B/O. |
Indeed - and the promise of growth for some years from here. Even the exceptional adjustments don’t seem too unreasonable. Rather quickly it now looks undergeared - but the previous management didn’t have a great track record of acquisitions,so will be interested to learn more about what they will do with the cash. |
Cracking results! |
Another US DOD contract from last week
Looks promising for tomorrow |
Peel Hunt are pretty UK institutional centric and corporate advisory centric. Joint brokers are often appointed because they offer complementary skills/markets/clients. In this case there maybe a banking relationship with Barclays and/or management want to tap Barclays bigger representation into the US institutions. Or maybe they are working on something like an acquisition in the US |
Joint broker why 2 fairly simple format? I wonder |
interesting move up today after the gentle fall of recent weeks. Positive TU coming? |
Article in today's DT about Russia's use of chemical gas in Ukraine. It concludes: "Britain is uniquely placed to solve this problem for the Ukraine military, as it did for the Peshmerga. The UK is the largest and best manufacturer of respirators on the planet, serving the full needs of the US DoD, the UK MoD and most Nato countries. This non-lethal aid should be much easier and quicker to sanction than some of the lethal targeting permissions President Zelensky is requesting so urgently. There is no time to waste."
AVON calling. |
Name has change from 1st August. It's now Avon Technologies plc. |
Hopfully will stop the gentle fall in the share price |
Nice upgrade |
Rns, order and marginal upgrade |
*BARCLAYS STARTS AVON PROTECTION WITH 'EQUAL WEIGHT' - PRICE TARGET 1400 PENCE |
hxxps://euro-sd.com/2024/06/major-news/38793/avon-protection-at-eurosatory/
More good news - new multi year contract with New Zealand navy and other product updates |
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