Manroy PLC Contract win (3292N)

TIDMMAN

RNS Number : 3292N

Manroy PLC

05 September 2013

5 September 2013

MANROY PLC ("MANROY" OR "THE GROUP")

NEW EURPOEAN GOVERNMENT CUSTOMER CONTRACT AWARD

Manroy, the AIM quoted UK Defence Contractor, is pleased to announce that it has been awarded a EUR1.7m (GBP1.4m) contract from a new European Government customer.

It is expected that the contract, for Heavy Machine Gun spares, will be delivered before 31 December 2013, with deliveries commencing in September 2013, subject to standard license approval processes.

Glyn Bottomley, Manroy's Chief Executive, said "This is a fantastic win with a European Government customer against strong competition. This contract also includes a 7 year exclusive framework agreement for further orders."

ENDS

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

Simon Rothschild

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 rifle barrels and spares 

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

END

CNTNKPDPDBKDKCK