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MSI Ms International Plc

1,000.00
5.00 (0.50%)
17 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ms International Plc LSE:MSI London Ordinary Share GB0005957005 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  5.00 0.50% 1,000.00 980.00 1,020.00 1,007.50 975.00 991.00 14,470 15:54:26
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Special Industry Machy, Nec 83.96M 4.12M 0.2521 39.67 163.25M

MS International PLC Supply of MSI-DS 30mm Gun Mounts to US Navy (1572O)

29/09/2023 8:20am

UK Regulatory


Ms (LSE:MSI)
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From May 2023 to May 2024

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TIDMMSI

RNS Number : 1572O

MS International PLC

29 September 2023

29 September 2023

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018

MS INTERNATIONAL plc

(the "Company")

CONTRACT TO SUPPLY MSI-DS 30mm GUN MOUNTS TO THE US NAVY

The Company is pleased to announce that a "first production and supply" contract has been awarded by the United States Navy to our wholly owned subsidiary company, MSI-Defence Systems US LLC, which is based in Rock Hill, South Carolina, USA.

This first contract is for $23.5 million and is for the supply of US Navy Mk38 MOD4 gun mounts (which is the US Navy nomenclature for our MSI-DS 30mm gun mounts). Delivery of all equipment is for no later than 18 December 2024.

In the Company's annual financial report for the year ended 30 April 2023, the Chairman Michael Bell stated "We perceive that we are achieving a significant upward step change in the further development of the Company that will again bring additional rewards and success for the business".

This contract is further confirmation of that upward step change and follows the Company's announcement on 1 September 2023 of the award of the contract by the United States Navy for the procurement of supplies and services to maintain the US Navy Mk38 MOD4 weapon systems with a budget ceiling of $49.8 million over the period to 30 June 2028.

For further information please contact:

   MS INTERNATIONAL plc                                     Tel: +44 (0)13 0232 2133 

Michael Bell

Shore Capital

   Nomad and Broker                                                   Tel: +44 (0)20 7408 4090 

Patrick Castle/Daniel Bush/Lucy Bowden

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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END

MSCSEASWUEDSEFU

(END) Dow Jones Newswires

September 29, 2023 03:20 ET (07:20 GMT)

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