Last checked at 15 Feb 2018 07:00
15 February 2018
AVON RUBBER p.l.c.
UK MoD General Service Respirator Agreement
Avon Rubber p.l.c. is pleased to confirm that, further to the announcement that it was the preferred bidder for the above contract on 3 November 2017, Avon Protection has now entered into a 5 year contract with the UK Ministry of Defence ("MoD") for the resupply and in-service support of its General Service Respirator.
Production is expected to commence during the first half of 2019, after product approvals are complete, with the contract anticipated to generate revenues in the order of £16 million over the 5 year period. Avon Protection will incur additional capital expenditure of £3 million across financial years 2018 and 2019 to obtain product approvals and prepare for production.
For further enquiries, please contact:
Avon Rubber p.l.c. |
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Paul McDonald, Chief Executive Officer | 01225 896 300 |
Nick Keveth, Chief Financial Officer |
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Weber Shandwick Financial |
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Nick Oborne Tom Jenkins | 020 7067 0700 |
Legal Entity Identifier: 213800JM1AN62REBWA71
Classification: Inside information under article 17 of the Market Abuse Regulation.
Note to editors:
Avon Rubber p.l.c. is an innovative technology group specialising in respiratory protection systems and milking point solutions through its two businesses, Avon Protection and milkrite | InterPuls. We design, test and manufacture specialist products and services to maximise the performance and capabilities of our customers.
Avon Protection is the recognised global leader in advanced Chemical, Biological, Radiological and Nuclear (CBRN) respiratory protection systems for the world's Military, Law Enforcement and Fire markets.
milkrite | InterPuls is a global leader providing complete milking point solutions to customers across the world with the aim of improving every farm it touches.
For further information, please visit our website: www.avon-rubber.com