Further Contract Awards - October's MoD orders now exceed £2m
30 October 2007
Petards, the AIM listed developer of advanced surveillance systems, announces a further major contract award from the Ministry of Defence.|
Following the announcement on 23 October of a contract for the supply of airborne chaff and flare dispensing equipment, Petards Joyce-Loebl has been awarded a further contract for similar equipment which will form part of an integrated defensive aids suite to be installed on rotary wing aircraft. The total of these two contracts is in excess of £2m. Deliveries on both contracts are expected to commence in early 2008 and are planned be completed during 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.
Petards Chief Executive Bill Conn said "It is very pleasing that the Ministry of Defence has awarded these significant contracts to Petards Joyce-Loebl which will further increase the installed base for our countermeasures dispensing equipment."
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