Last checked at 7 Jan 2019 07:00
7 January 2019
AVON RUBBER p.l.c.
U.S. Department of Defense M69 Aircrew Mask Contract
Avon Rubber p.l.c. is pleased to announce that Avon Protection has been awarded a sole source contract to supply the U.S. Department of Defense ("DoD") with the M69 Joint Service Aircrew Mask for Strategic Aircraft, related accessories and engineering support. The contract has a maximum value of $92.7million over a duration of up to seven years, being a five-year base period plus two further one-year option periods.
Avon Protection anticipates receiving the first order under this contract shortly with deliveries expected to commence in the second half of the current financial year. As outlined in our 2018 results announcement, the first order will contribute to our expected Military revenues for the 2019 financial year.
Commenting, Paul McDonald, Chief Executive Officer, said:
"I am delighted to announce this contract award which, following a collaborative development programme with the DoD, brings the M69 Aircrew Mask into production. This is a significant new multi-year mask system platform for Avon Protection and extends our capabilities into the important aviation sector.
We are continuing to pursue a number of other identified opportunities with the DoD and Rest of World Military customers, both to extend our portfolio further and broaden our customer base."
For further enquiries, please contact:
Avon Rubber p.l.c. |
|
Paul McDonald, Chief Executive Officer Nick Keveth, Chief Financial Officer | 01225 896 300 |
Legal Entity Identifier: 213800JM1AN62REBWA71
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation ("MAR") EU no.596/2014. Upon the publication of this announcement via Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.
Note to editors:
Avon Rubber is an innovative technology group which designs and produces specialist products and services to maximise the performance and capabilities of its customers. We specialise in Chemical, Biological, Radiological and Nuclear ("CBRN") and respiratory protection systems, as well as milking point solutions through our two businesses, Avon Protection and milkrite | InterPuls.
Avon Protection is the recognised global leader in advanced 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 dairy farmers across the world with the aim of improving every farm it touches.
For further information, please visit our website: www.avon-rubber.com