Last checked at 2 Sep 2008 07:00
Embargoed Release: 07:00hrs Tuesday 2nd September 2008
Avingtrans Plc ("Avingtrans" or the "Group") Major contract win with Rolls-Royce Group Plc
Avingtrans Plc (AIM:AVG), the designer, manufacturer and supplier of critical components and associated services to the medical, energy, industrial and global aerospace sectors is delighted to announce it has signed a Long Term Agreement with Rolls-Royce Group Plc.
The Group will supply rigid pipe assemblies and components from its Aerospace Division, B&D Patterns in the UK and Sigma Precision Components in Chengdu, China. The total value of the agreement is expected to be in excess of $40m.
Roger McDowell commented:
"We are very pleased that our Aerospace Division has been able to secure this prestigious contract with Rolls-Royce Group Plc. The combination of a capable UK-based business combined with our established capability in China, enable us to deliver significant value over the life of this Long Term Agreement."
-ENDS-
For further information, please contact:
Avingtrans Plc
Roger McDowell, Non-Executive Chairman
Tel: 0115 949 9020
KBC Peel Hunt (Nominated Adviser and Broker)
Julian BluntDavid AndersonTel: 020 7418 8900Hansard GroupAdam ReynoldsTel: 020 7245 1100
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