MS International PLC Contract to Maintain MSI-DS 30mm Weapon System (1657L)
September 01 2023 - 8:44AM
UK Regulatory
TIDMMSI
RNS Number : 1657L
MS International PLC
01 September 2023
1 September 2023
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) No 596/2014 which is part of UK law
by virtue of the European Union (Withdrawal) Act 2018
MS INTERNATIONAL plc
(the "Company")
CONTRACT TO MAINTAIN THE MSI-DS 30mm WEAPON SYSTEM FOR THE US
NAVY
The Company is pleased to announce that a maintenance contract
has been awarded by the United States Navy ('NAVSEA') to our wholly
owned subsidiary company, MSI-Defence Systems US LLC, which is
based in Rock Hill, South Carolina, USA.
The contract is on a sole source basis for the procurement of
supplies and services to maintain the US Navy Mk38 MOD4 weapon
system (which is the US Navy nomenclature for our MSI-DS 30mm naval
weapon system). The contract commences with immediate effect, with
a budget ceiling of $49.8 million over the period to 30(th) June
2028.
In the Company's annual financial report for the year ended 30
April 2023, the Chairman, Michael Bell, stated "Regarding the
ongoing opportunities in the US, we cautiously believe that we are
well placed to be awarded a contract to supply our MSI-DS 30mm
naval weapon system to the US Navy."
The Company has yet to be awarded a production and supply
contract related to the US Navy Mk38 MOD4 weapon system but the
awarding of this maintenance supply and service contract
substantially increases our confidence that we shall also be
awarded such a production contract from "NAVSEA", shortly.
For further information please contact:
MS INTERNATIONAL plc Tel: +44 (0)13 0232 2133
Michael Bell
Shore Capital
Nomad and Broker Tel: +44 (0)20 7408 4090
Patrick Castle/Daniel Bush/Lucy Bowden
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END
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