Avon Rubber PLC (LON:AVON) shares rose 3.3% to 3,264p after it announced an increase in the value of a contract it has with the US Army.
The value of the existing US Army Integrated Head Protection System low rate initial production contract has increased by an estimated US$28.4mln.
As part of the change to the contract, the US Army has placed an US$18.9mln order for ballistic helmets.
Deliveries are expected to start in the current fiscal year and will contribute to the group’s military revenues for the year.