New Contract Wins

15 December 2006

Petards, the AIM listed developer of advanced surveillance systems, announces that Petards Joyce-Loebl has been awarded contracts by the Ministry of Defence with a total value of £1.3 million for the supply of electronic countermeasures dispensers and missile warning equipment repair services. |The countermeasures dispensers are for use on the British Army Lynx Mk9 and will provide those aircraft with a self protection capability.  Deliveries are expected to commence in June 2007.

The Ministry of Defence has also confirmed that it has awarded Petards Joyce-Loebl a one year extension, to April 2008, to its existing exclusive enabling contract which covers the supply of commercial VHF / UHF non-secure radio products and systems.

Petards Chief Executive Bill Conn said "Petards Joyce-Loebl has a long heritage in supplying the UK defence industry and these orders are a demonstration of the confidence that the Ministry of Defence has in the Company's capability to work on significant projects such as these."

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