RNS today16 Mar 2011 11:28
"been awarded a GBP1.2 million order from a leading global defence, security and aerospace company";
The strong trading experienced by all of the Group's divisions during the first half of the year, reported in the Interim Results on 23 December 2010, has continued into the second half. Steatite, our battery products and industrial computer division, completed its move into an excellent new building at the start of January, with limited interruption to business, and is already benefitting from the state of the art manufacturing and assembly facility.
As a consequence, the Board expects that the performance for the second half of the year will be comparable to that of the first half, ignoring approximately GBP150,000 of exceptional costs incurred during that period in relation to relocation expenses at Steatite, final acquisition costs at Rugged Systems and non-recurring restructuring costs at Solid State Supplies.
The Group's open order book continues to be strong and the Board is pleased to report that Steatite has just been awarded a GBP1.2 million order from a leading global defence, security and aerospace company for command and control systems for the defence market. This new order is the first to be received under a new two year agreement and will be shipped during the first half of the financial year to 31 March 2012.
We continue to pursue our stated strategy of seeking complementary UK acquisitions within the electronics industry and believe that we are well placed to enhance shareholder value in this manner.
http://www.investegate.co.uk/Article.aspx?id=201103160700210189D
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