Manroy PLC Contract Awards for New and Existing Customers (9920W)

TIDMMAN

RNS Number : 9920W

Manroy PLC

04 February 2013

FOR IMMEDIATE RELEASE

1 February 2013

MANROY PLC

CONTRACT AWARDS FOR NEW AND EXISTING CUSTOMERS

Manroy Plc ("Manroy"), the AIM quoted leading UK Defence Contractor, is pleased to announce that it has received new contracts totalling GBP1.8m for new and existing customers within Asia and Europe.

Included in these contracts is confirmation, today, of a significant GBP1.0m order from an existing customer in Asia. This order is covered by export licences already held by the Group allowing delivery in the current financial year ending 30 September 2013.

Making up the balance of the new contracts are several smaller but significant export orders recently received totalling GBP0.8m.

These new contracts add to the Group's existing GBP9.0m order book reported in Manroy's announcement of results for the year ended 30 September 2012, increasing the order book to approximately GBP11m.

Glyn Bottomley, Manroy's Chief Executive, said: "It is encouraging to see the hard work invested over the last two years begin to reap rewards as these contract wins demonstrate our success in winning new and strategically important customers for the Group."

Ends.

Contacts:

For further information please contact:

   Manroy Plc                                                            Tel: [phone] 

Glyn Bottomley, Chief Executive

Paul Carter, Finance Director

   Allenby Capital                                                    Tel: [phone] 

Mark Connelly

Alex Price

   Bankside Consultants                                        Tel: [phone] 

Richard Pearson

Notes to Editors:

1. Manroy is a UK based defence contractor specialising in the supply of weapon systems for land, air and maritime applications.

2. A key Ministry of Defence supplier for 26 years, Manroy designs, manufactures, supplies and supports:

   --      the 12.7mm M2 Heavy Machine Gun ("HMG"), also known as the 0.50" calibre HMG; 
   --      the 7.62mm General Purpose Machine Gun ("GPMG"); 
   --      HMG Quick Change Barrel kits; 
   --      a range of turret products for armoured fighting vehicles; 
   --      weapon tripods and weapon mounting systems 

3. Production of the HMG, along with support and spares is Manroy's core area of operation. In recent years Manroy has increasingly focused on the export market and diversification of its customer base into new territories.

4. Manroy owns 49% of North Carolina based Manroy USA ("MUSA"), a defence supplier to both military and civilian agencies.

   5.    MUSA manufactures a range of weapons systems and ancillary products, including: 
   --      The M2 HMG 
   --      M2 HMG Quick Change Barrel kits 
   --      Barrel manufacturing for both the military and commercial markets 
   --      M16 and M4 military rifles 
   --      Electronic boresights 
   --      Mounting systems 
   --      Commercial rifles and parts 

6. MUSA's acquisition of the business and assets of Sabre Industries in March 2011 enhanced its penetration of the US market.

7. In April 2012, $10.4m (GBP6.6m) of Sabre's contracts with the US Department of Defense were successfully novated to MUSA.

The Group adheres strictly to UK legislation concerning the sale of weapons to foreign countries. Manroy's overseas sales are undertaken in adherence to UK Government regulations and approvals. Such sales are only undertaken after all appropriate UK Government licenses have been granted.

This information is provided by RNS

The company news service from the London Stock Exchange

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