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PEG Petards Group Plc

7.50
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
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

Petards Group PLC Contract Award (4439A)

22/12/2014 11:00am

UK Regulatory


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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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