(Sharecast News) - Avon Protection has announced the receipt of a significant contract from the US Army on Monday.
The London-listed company confirmed its third delivery order, valued at $36m, as part of the 'Next Generation Integrated Head Protection System' (NG IHPS) helmet contract.
It was first awarded the contract in September 2021.
"This order is a testament to the strength of our long-term contract positions, the growing demand in our addressable markets and the trust our customers place in our cutting-edge technologies every single day, all of which further underpin our position as a leader in mission-critical ballistic head protection," said chief executive officer Jos Sclater.
At 0839 GMT, shares in Avon Protection were up 3.7% at 1,010p.
Reporting by Josh White for Sharecast.com.
Avon Protection (AVON)