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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% | 7.50 | 7.00 | 8.00 | 7.50 | 7.50 | 7.50 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Security Systems Service | 9.42M | -1.05M | -0.0173 | -4.34 | 4.55M |
From Jul 2019 to Jul 2024
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RNS Number : 5405Q
Petards Group PLC
20 October 2011
20 October 2011
Petards Group plc ("Petards")
Contract award
Petards, the AIM quoted developer of advanced security and surveillance systems, announces that it has been awarded a contract by the Ministry of Defence ("MOD") to provide defensive aids equipment for its new Chinook Mk6 helicopters.
The contract, worth over GBP2.5m, is for the supply of Electronic Countermeasures equipment which will form part of an integrated Defensive Aids Suite to be installed on all fourteen of the new aircraft. The project will commence immediately and the equipment is expected to be delivered by the end of 2012. Petards is the UK's Design Authority for this highly capable and sophisticated chaff and flare dispensing system which will significantly enhance the protection and countermeasures capability of the Chinooks to survive IR (Infra Red) or RF (Radio Frequency) guided missile attack.
Electronic Countermeasures equipment supplied by Petards Joyce-Loebl is widely installed on the UK's military aircraft fleet including the RAF's C-130 J and K transport aircraft, Merlin Mk.3, Chinook Mk.2, 2A and 3, and Puma helicopters, the Royal Navy's Sea King Mk.4 and Mk.7, Merlin Mk.1, and Lynx Mk.8 helicopters, and the British Army's Lynx Mk.9 helicopters.
Commenting, Bill Conn, Petards Chief Executive said:
"We are delighted that the MOD has selected Petards Joyce-Loebl for this project and we are very proud that our systems will help to protect the aircraft and most importantly the lives of our troops. It is an indication of the value that the Ministry of Defence place on our expertise in the field of electronic countermeasures which has been built up over many years."
For further information:
Petards Group plc www.petards.com Andy Wonnacott, Finance Director Tel: 0191 420 3000 WH Ireland Limited www.wh-ireland.co.uk Mike Coe / Marc Davies +44 (0) 117 945 3470
This information is provided by RNS
The company news service from the London Stock Exchange
END
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