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4 Jun 2013 08:05
Armour Group plc ("Armour" or the "Group")
Contract Win
Armour, the UK's leading consumer electronics group focused on the in-car communications and entertainment and home entertainment markets, is pleased to announce that Armour Automotive, its wholly owned subsidiary, has won a significant contract to supply Argo Tractors with the in-cab radio/audio system for their McCormick and Landini tractor ranges.
The ruggedised radio/audio system supplied has been designed and developed by Armour Automotive to meet the specific requirements of the agricultural vehicle market and is being incorporated by Argo Tractors in a new cab design that starts to be rolled out in July 2013. The first year sales of the contract are anticipated to be an estimated £200,000 rising thereafter to an estimated £400,000 per annum by 2015/16. This contract represents a further expansion of Armour Automotive's activities in the agricultural vehicle market, where it already supplies audio solutions to a number of the leading European tractor manufacturers.
Further Details:
George Dexter Armour Group PLC Tel: 01892 502700
John Harris
Geoff Nash finnCap Tel: 020 7220 0500
Ben Thompson
Stephen Norcross (broking)
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