Aurrigo's automotive division wins three-year, £4.5m framework deal

(Sharecast News) - Aurrigo International said on Monday that it had secured a three-year £4.5m advanced engineering framework agreement for its automotive division, covering electrical systems for a next-generation supercar programme.

The AIM-traded company said the agreement would see it supply new high-performance electrical system sets to a long-standing vehicle OEM customer.

It said £0.81m of contracted orders under the framework would be recognised in the 2026 financial year, with the remainder expected to be placed across 2027 and 2028 in line with the customer's production schedule.

Aurrigo described the award as a record contract for the division, adding that it reflected the strength of its research and engineering capability in high-tech electrical systems and integration, as well as its track record in delivering complex, high-value programmes to demanding quality and timing requirements.

The company said the agreement supported its growth objectives across the high-performance automotive and autonomous vehicle sectors, with the automotive division strengthening and complementing the engineering, integration, validation and programme delivery capabilities of its autonomous division.

Chief executive officer, professor David Keene, said the contract was "further proof of our world-class engineering and delivery capability".

"Our automotive team is the innovation engine behind our autonomy capabilities, with a vertically integrated R&D function where advances in hardware, software, and AI are engineered into real-world autonomous systems, turning complex programmes into deployments built to exacting standards," he said.

"That same discipline and technical depth feeds directly into our autonomous division as we scale autonomy into demanding, safety-critical environments.

"We continue to see a strong pipeline for the autonomous division supported by high engagement from a number of blue-chip parties and positive progress across ongoing testing programmes."

At 0930 BST, shares in Aurrigo International were flat at 67.5p.

Reporting by Josh White for Sharecast.com.

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