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Update re: Warrior Upgrade Project

31 Oct 2011 07:00

RNS Number : 1062R
SciSys PLC
31 October 2011
 



31 October 2011

SciSys PLC

 

Update regarding the British Army's Warrior Armoured Fighting Vehicle upgrade project

SciSys PLC, AIM stock code: SSY, ('SciSys' or the 'Company') - the supplier of bespoke software systems, IT based solutions and support services to the Media Broadcast, Space, Government & Defence, Environment and Applications Support sectors - is pleased to provide an update on the British Army's Warrior Armoured Fighting Vehicle upgrade project.

Representatives of SciSys were present at Ampthill, Bedfordshire, when the UK Ministry of Defence ("MoD") recently announced the selection of Lockheed Martin UK to lead a multi-million pound contract as part of the major £1 billion upgrade of the British Army's Warrior Armoured Fighting Vehicle.

 

Lockheed Martin UK's Warrior Transformation Team ("WTT") will introduce major improvements to the current Warrior Armoured Fighting Vehicle, including fitting and integrating the CT40 weapon system, as well as an open electronic architecture system and improved armour protection.

SciSys is a member of the WTT with special responsibility for the electronics architecture. The Company anticipates entering into meaningful dialogue with Lockheed Martin over the coming weeks regarding a possible contract as part of the overall transformation programme.

This positive development follows the indication given by SciSys in its interim report in September that it anticipated some positive progress regarding a decision by the MoD on the Warrior Capability Sustainment Programme (WCSP).

Under the WCSP Lockheed Martin UK will be responsible for upgrades and enhancements designed to maximize the investment made in Warrior vehicles to extend their lives into the 2040s.

 

The Board of SciSys will provide a further update to the market when discussions have progressed.

 

For further information please contact:

SciSys PLC

 

 

Mike Love

Executive Chairman

Tel : +44 (0) 1249 466 466

Chris Cheetham

Finance Director

 

 

 

 

Winningtons

Tom Cooper

Tel : +44 (0) 797 1221972

 

 

 

Canaccord Genuity

Simon Bridges

Cameron Duncan

Kit Stephenson

Tel : +44 (0) 20  7050 6500

 

 

 

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