29 Nov 2016 10:30
29 November 2016
This announcement contains inside information
TP Group plc
("TP Group" or the "Company")
TPG secures BAE Systems contract
TP Group (AIM: TPG), the specialist services and engineering group, announces it has been awarded a contract with BAE Systems Marine Ltd. for £5.3m.
The contract commences immediately and will be delivered over the next two years by the Group's engineering team in Portsmouth. This contract is in addition to the two previous announcements made in July and August this year, regarding sole-source negotiations that are now in progress for future contracts involving the MoD and TP Group.
Phil Cartmell, Chief Executive of TP Group commented: "We are delighted to have secured another contract with BAE Systems Marine Ltd as we have a long history of working with them on naval programmes. We look forward to working together to deliver this project."
For further information, please contact:
TP Group plc Phil Cartmell, Chief Executive Officer Derren Stroud, Chief Financial Officer www.tpgroup.uk.com
| Tel: 01753 285 810 |
Cenkos Stephen Keys / Mark Connelly www.cenkos.com
| Tel: 020 7397 8980 |
Vigo Communications Jeremy Garcia / Fiona Henson www.vigocomms.com
| Tel : 020 7830 9700 |
NOTES TO EDITORS
TP Group is a group of innovative UK based engineering companies, supplying technologies and support to global markets. TP Group designs and develops advanced technologies; engineers complex equipment and systems; and provides support throughout their operational life. The Company's shares have been traded on the AIM market since July 2001.