MoD contract award
October 23 2007 - 7:50AM
UK Regulatory
RNS Number:1930G
Petards Group PLC
23 October 2007
Petards Group plc ("Petards" or "the Company")
Contract award
Petards, the AIM listed developer of advanced surveillance systems, announces
that Petards Joyce-Loebl has been awarded a major contract by the Ministry of
Defence.
The contract, worth over #1m, is for the supply of airborne chaff and flare
dispensing equipment which will form part of an integrated defensive aids suite
to be installed on rotary wing aircraft. Deliveries are expected to commence in
early 2008 and should be completed by the end of that year. The defensive aids
suite is designed to protect the aircraft from a range of ground launched
missiles including shoulder-launched man-portable air defence systems (MANPADS)
that are in widespread use throughout the world.
This is the latest in a series of contract awards received over recent years
that have seen the equipment supplied for use on a wide variety of the UK's
aircraft including the RAF's C-130 J and K transport aircraft, Merlin Mk.3,
Chinook Mk.2, and Puma helicopters, the Royal Navy's Sea King Mk.4 and Lynx
helicopters, and the British Army's Lynx Mk.9 helicopters.
Petards Chief Executive Bill Conn said "I am delighted that the Ministry of
Defence has again selected Petards Joyce-Loebl to work with them on such an
important project. This order together with the previous systems supplied has
established Petards as one of the UK's leading suppliers of countermeasures
dispensing equipment."
For further information:
Petards Group plc Collins Stewart Limited Parkgreen Communications
Andy Wonnacott, Finance Director Mark Connelly Paul McManus
Tel: 01932 788 288 Tel: 020 7523 8000 Tel: 020 7479 7933
www.petards.com Mob: 07980 541 893
paul.mcmanus@parkgreenmedia.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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