MUSA Contract Wins (8506Z)
March 22 2012 - 3:32AM
UK Regulatory
TIDMMAN
RNS Number : 8506Z
Manroy PLC
22 March 2012
22 March 2012
MANROY PLC
$1.7M IN NEW CONTRACT WINS FOR MANROY USA LLC
Manroy Plc ("Manroy"), the AIM quoted leading UK machine gun
manufacturer, is pleased to announce that Manroy USA LLC ("MUSA"),
its US associated company, in which it owns a 49% interest has
recently received US$1.7 million (GBP1.1 million) of new
contracts.
The contracts are:
1. An award for MUSA's Mk43 Electronic Boresight System (EBS) in
support of a US Air Force weapons programme. The EBS is utilised
within a weapon system in the precision boresighting of cannons and
can be operated by a single person.
2. An award for MUSA's EBS in support of a valuable commercial partner's weapons programmes.
3. An award for MUSA's EBS in support of a US Navy weapons programme.
4. An award for M2 and M3 .50" calibre Aircraft Barrels in
support of US weapons programmes. This award initiates production
of the .50" calibre barrel production line, which has a potential
capacity of over 1,000 barrels per month.
5. An award for rifle components in support of one of MUSA's
valuable commercial partners for civilian rifle products.
Glyn Bottomley, Manroy's Chief Executive, said: "These five
contract awards are very significant for MUSA. The EBS awards mean
Manroy's system is now in service with US DoD, with significant
opportunities for future contracts. Likewise, the barrel award will
accelerate .50" calibre barrel production for the US DoD, with
major opportunities for future contract awards of both the standard
.50" calibre barrel and the Aircraft variant. The award for rifle
components shows the versatility of MUSA production and puts us
firmly in the civilian rifle component manufacturing arena in
addition to military rifle production."
For further information please contact:
Manroy Plc Tel: 01252 874 177
Glyn Bottomley, Chief Executive
Paul Carter, Finance Director
Canaccord Genuity Limited - Nomad Tel: 020 7050 6500
and Broker
Robert Finlay
Peter Stewart
Tavistock Communications Tel: 020 7920 3150
Baron Phillips
Simon Compton
Notes to Editors:
Manroy is a UK based manufacturer of machine guns, mounts and
other associated products. A key Ministry of Defence supplier for
26 years, Manroy currently manufactures, supplies and supports:
-- the 12.7mm M2 Heavy Machine Gun ("HMG"), also known as the 0.50" calibre HMG;
-- the 7.62mm General Purpose Machine Gun ("GPMG"); and
-- weapon tripods and mounting systems.
Manroy is focused on the opportunity to derive further value
from existing partner relationships and create additional revenue
streams by continuing to expand the product offering, and to move
into new territories.
Ends
This information is provided by RNS
The company news service from the London Stock Exchange
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