Shares in LPA Group (AIM:LPA), the engineering specialist in electronic and electromechanical components, rose 38% following three significant contract wins in the export rail market, worth a combined £4 million.
The company secured a five-year contract with SNCF Voyageurs, France’s national rail operator, to design and supply bespoke interior LED lighting for regional and inter-city fleet retrofits, renewing a 16-year partnership.
LPA was also awarded a contract by Siemens Mobility to manufacture LED lighting for the overhaul of Munich Metro’s rolling stock, due for completion by 2025.
A third agreement with Grammer will see LPA provide seat electronics and lighting for Alstom-built Avelia Horizon TGV trains, deliverable by 2026.
In early trading, the stock was changing hands for 78.75p, up 21.75p.