LONDON (Alliance News) - Engineering company Avon Rubber PLC on Wednesday said it looks set to meet market expectations for the full year amid solid trading in its protection and defence and dairy businesses.
Avon said delivers of its mask systems to the Department of Defense in the US have remained broadly flat in the first half, while its non-DoD markets have also performed well. It said a number of opportunities are in its pipeline and it expects to benefit from these orders next year. It also expects its flexible fabrications arm to show a strong second half performance.
It said its development programme with the US Air Force is also progressing well, and it has been awarded additional funding to support further testing over the next 12 months, with a contract expected to follow thereafter.
In its dairy business, the group saw positive momentum continue in the first half, with trading strong across the division.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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Avon Protection (AVON)