HAMP.L Regulatory News (HAMP)

20 Oct 2009 07:00



20 October 2009

Hampson wins USD28 million contract

Hampson Industries PLC ("Hampson" or "the Group"), the international aerospace and precision engineering group, announces that its aerospace tooling division has been awarded a new contract worth USD28 million (£18 million).

The contract, which is for the design and manufacture of precision tools for composite airframe structures, will start to contribute to revenue in the second half of the current financial year. No additional capital expenditure is required.

Hampson's Chief Executive, Kim Ward, commented as follows:

"Despite the previously announced delays in the placing of larger tooling orders by customers in recent months this latest win, combined with the high value of our outstanding pipeline of quotations, reinforces our confidence in the potential for further new tooling work to be released over the coming months as several major new programmes reach design maturity and prepare for production."

Ends.

Further information:

Kim Ward, Chief Executive +44 (0)1384 472941

Howard Kimberley, Finance Director +44 (0)1384 472946

Marylene Guernier/Ed Orlebar, M:Communications +44 (0)20 7920 2369/2323

About Hampson:

The Group's operations are structured into three business segments, serving primarily the global commercial and military aerospace and specialist engineering markets from manufacturing facilities in the UK, North America and India.

Approximately 95% of the Group's sales are derived from its aerospace activities, the balance from the market for automotive turbocharger components. Hampson is world leader in the design and manufacture of close tolerance tooling and assembly systems for composite and metallic aero structures. The Group employs approximately 1700 people worldwide.

Hampson Industries PLC is listed on the main market of the London Stock Exchange (Symbol: HAMP). For more information on Hampson: www.hampsongroup.com 

Cautionary Statement: 

This announcement contains forward-looking statements that are based on current expectations or beliefs, as well as assumptions about future events. These forward-looking statements can be identified by the fact that they do not relate only to historical or current facts. Forward-looking statements often use words such as anticipate, target, expect, estimate, intend, plan, goal, believe, will, may, should, would, could, is confident, or other words of similar meaning. Undue reliance should not be placed on any such statements because they speak only as at the date of this document and, by their very nature, they are subject to known and unknown risks and uncertainties and can be affected by other factors that could cause actual results, and Hampson's plans and objectives, to differ materially from those expressed or implied in the forward-looking statements.

There are a number of factors which could cause actual results to differ materially from those expressed or implied in forward-looking statements. Among the factors that could cause actual results to differ materially from those described in the forward-looking statements are; increased competition, the loss of or damage to one or more key customer relationships, changes to customer ordering patterns, delays in obtaining customer approvals for engineering or price level changes, the failure of one or more key suppliers, the outcome of business or industry restructuring, the outcome of any litigation, changes in economic conditions, currency fluctuations, changes in interest and tax rates, changes in raw material or energy market prices, changes in laws, regulations or regulatory policies, developments in legal or public policy doctrines, technological developments, the failure to retain key management, or the key timing and success of future acquisition opportunities or major investment projects.

Hampson undertakes no obligation to revise or update any forward looking statement contained within this announcement, regardless of whether those statements are affected as a result of new information, future events or otherwise, save as required by law and regulations.