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Contract win

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RNS Number : 1112L
Petards Group PLC
04 September 2019
 

4 September 2019

 

PETARDS GROUP PLC

("Petards" or the "Group")

 

Contract Win

 

Petards, the AIM quoted developer of advanced security and surveillance systems, announces that it has been awarded a £1.1 million contract by a major UK defence systems contractor to provide Electronic Countermeasures equipment for use on a UK Ministry of Defence ("MOD") programme.

 The contract is for the manufacture and supply of equipment that will form part of an integrated Defensive Aids Suite on military aircraft.  Most of the equipment is expected to be delivered in the second half of 2020.

Commenting, Raschid Abdullah, Petards Chairman said: "We are delighted to have been reselected for the next phase of this electronic countermeasures project which will serve to protect aircraft and the lives of the Service Personnel that fly in them. The Company has been supplying and servicing such systems for many years and we believe that this is indicative of the value that our customer places on our expertise in this specialist field".

 

 

Contacts:

 

 

Petards Group plc

www.petards.com

 

Raschid Abdullah, Chairman

Mb:  07768 905 004

 



 



 

WH Ireland Limited, Nomad and Joint Broker

www.whirelandplc.com

 

Mike Coe / Chris Savidge

Tel:  0117 945 3470

 



 

Hybridan LLP, Joint Broker

www.hybridan.com

Claire Louise Noyce

 

Tel:  020 3764 2341

[email protected]

 

 

END


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Quick facts: Petards Group PLC

Price: 13.5

Market: AIM
Market Cap: £7.76 m
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