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9.50 0.00 (0.00%)

Bid:

9.00

Ask:

10.00

Spread: 1.00 (11.111%)

Market Cap: £5.77m

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Petards Unit Secures Software Contract From Rail Infrastructure Client

Thu, 28th May 2020 06:51

(Alliance News) - Security and surveillance systems provider Petards Group PLC on Wednesday said that subsidiary RTS Solutions has been awarded a multi-year software support services contract from one of its major rail infrastructure customers.

The contract, which runs until 2024, fulfils RTS's budgeted order book for 2020 while providing strong additional cover for it in the years over the life of the contract, the company added.

Chair Raschid Abdullah said: "We are delighted to receive this contract for software support services within the rail infrastructure and the visibility it provides for RTS's order book for the current year and beyond".

Shares in Petards closed at 8.72 pence each in London on Wednesday, up 27%.

By Tapan Panchal; tapanpanchal@alliancenews.com