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Pin to quick picksPetards Regulatory News (PEG)

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Market Cap: £5.77m
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Contract Award

22 Dec 2014 11:00

RNS Number : 4439A
Petards Group PLC
22 December 2014
 



22 December 2014

 

Petards Group plc

("Petards" or "the Company")

 

MOD Contract Award

 

Petards, the AIM quoted developer of advanced security and surveillance systems, announces that it has been awarded a contract by the Ministry of Defence ("MOD") to provide defensive aids equipment for use on aircraft within its fleet.

The contract, worth over £1m, is for the supply of Electronic Countermeasures equipment which will form part of an integrated Defensive Aids Suite to be installed on Royal Navy Merlin Mk 2 helicopters. The equipment is expected to be delivered in the second half of 2015.

Commenting, Raschid Abdullah, Petards Chairman said: "We are delighted that the MOD has chosen Petards for this electronic countermeasures project which will serve to protect these aircraft and the lives of the Service Personnel that fly in them. The Company has been supplying and servicing such systems for the MOD for many years and we believe that this is indicative of the value that the MOD places on our expertise in this specialist field."

 

For further information:

 

Petards Group plc

www.petards.com

 

Raschid Abdullah, Chairman

Mb: 07768 905 004

 

Andy Wonnacott, Finance Director

Tel: 0191 420 3000

 

 

WH Ireland Limited, Nomad and Joint Broker

www.wh-ireland.co.uk

 

Mike Coe

Tel: 0117 945 3470

 

 

Hybridan LLP, Joint Broker

www.hybridan.com

Claire Louise Noyce

 

Tel: 020 3713 4581

claire.noyce@hybridan.com

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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