Shares in X-ray screening small-cap Image Scan Holdings PLC (AIM:IGE) shot up on Thursday after announcing a new contract with UK defence contractor NP Aerospace.
Image Scan will provide NP Aerospace with its TreatScan portable X-ray system. The estimated contract value is £3 million over 36 months.
Vince Deery, Image Scan's chief executive, said: "I am delighted that we have secured this contract, which has been achieved against stiff international competition.
“This success stems directly from our revised product development strategy to focus on high-performing portable systems and confirms our confidence in the strength of our extended portable X-ray product range within a competitive market."
Shares were up 6.4% to 1.41p.