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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
VT Group | LSE:VTG | London | Ordinary Share | GB0031729733 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 795.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:8100S VT GROUP PLC 03 December 2003 VT GROUP SECURES #100M ARMY TRAINING CONTRACTS EXTENSION VT Group, the Support Services and Shipbuilding company, has consolidated its position as one of the UK's leading suppliers of military training by extending its two contracts to train the British Army's mechanical and electrical engineers. The three year extensions, with options for MOD to extend for up to two further years, are worth nearly #100m in total and take effect from early 2004. VT started its training activities at the Bordon and Arborfield garrisons of the Corps of Royal Electrical and Mechanical Engineers (REME) Training Group in 1998. Training at the garrisons is now provided to over 5000 soldiers and civilians a year at all levels up to degree standard. These extensions will be a prelude to the introduction of the tri-service Defence Training Review (DTR) where VT, which is also a leading provider of training services for the Royal Navy and Royal Air Force, is hoping to play a significant part. VT Group Chief Executive Paul Lester commented: "Our partnership with the Army has led to considerable improvements in training output and that has been reflected in the extension of the contract. We are now established as one of the Armed Forces' major providers of technical training and are well placed to secure new business under the DTR initiative." This information is provided by RNS The company news service from the London Stock Exchange END CNTFSAFEDSDSEFE
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