LONDON (Alliance News) - Technology and engineering firm TP Group PLC on Monday said it has won a GBP1.5 million, 12-month contract extension from the UK Ministry of Defence.
The extension covers equipment support services for submarine air purification systems used on the Royal Navy's fleet.
"We are delighted to have received an extension to our existing services contract from the MoD. It provides validation of the high quality of the service we deliver and enables TP Group to provide continuity of service to this strategic programme," said Phil Cartmell, TP's chief executive said.
"Today's extension also provides the group with greater visibility of long-term revenues and strengthens the position of our maritime business within the global submarine equipment supply and support market," he added.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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