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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 |
TIDMPEG
RNS Number : 4439A
Petards Group PLC
22 December 2014
22 December 2014
Petards Group plc
("Petards" or "the Company")
MOD 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 use on aircraft within its fleet.
The contract, worth over GBP1m, is for the supply of Electronic Countermeasures equipment which will form part of an integrated Defensive Aids Suite to be installed on Royal Navy Merlin Mk 2 helicopters. The equipment is expected to be delivered in the second half of 2015.
Commenting, Raschid Abdullah, Petards Chairman said: "We are delighted that the MOD has chosen Petards for this electronic countermeasures project which will serve to protect these aircraft and the lives of the Service Personnel that fly in them. The Company has been supplying and servicing such systems for the MOD for many years and we believe that this is indicative of the value that the MOD places on our expertise in this specialist field."
For further information:
Petards Group plc www.petards.com Raschid Abdullah, Chairman Mb: 07768 905 004 Andy Wonnacott, Finance Director Tel: 0191 420 3000 WH Ireland Limited, Nomad and www.wh-ireland.co.uk Joint Broker Mike Coe Tel: 0117 945 3470 Hybridan LLP, Joint Broker www.hybridan.com Claire Louise Noyce Tel: 020 3713 4581 claire.noyce@hybridan.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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