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TP Group wins £1.95m defence sector orders

17 Dec 2015 07:00

RNS Number : 3300J
TP Group PLC
17 December 2015
 

17 December 2015

 

TP Group plc

("TP Group" or the "Group")

 

TP Group wins £1.95m defence sector orders

 

TP Group (AIM: TPG), the specialist technology, engineering and managed solutions group focused on the aerospace & defence and energy & process industry sectors, is pleased to announce that it has received two defence sector orders this week worth a total of circa £1.95m from Babcock International Group. These orders are for the overhaul of Submarine Atmosphere Control Systems during the refit of two UK Submarines. The work will be undertaken in Portsmouth over the next two years.

 

Phil Cartmell, Chief Executive Officer, commented:

"We are very pleased to secure further maintenance and repair work from Babcock. These orders further strengthen our order book in the aerospace & defence sector, and provide good visibility of both revenue and production activity at our Portsmouth facility for 2016 and beyond."

 

For further information please contact:

 

TP Group Plc

Phil Cartmell, Chief Executive Officer

01753 285 810

Mark Crawford, Chief Financial Officer

www.tpgroup.uk.com

 

Cenkos

Steven Keys / Mark Connelly

www.cenkos.com

 

020 7397 8980

Vigo Communications

Jeremy Garcia / Fiona Henson

020 7016 9570

www.vigocomms.com

 

NOTES TO EDITORS

 

TP Group is a group of innovative UK based engineering companies, supplying technologies and support to global Aerospace & Defence and Energy & Process Industries markets. The Group designs and develops advanced technologies; engineers complex equipment and systems; and provides support throughout their operational life. TP Group shares have been traded on the London Alternative Investment Market (AIM) since July 2001.

 

 

 

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