Business
Contract For Electro-Optical Sight Systems
Contract For Electro-Optical Sight Systems.
About this update from Ms International Plc
[{"type":"text","content":"\n\n2 OCTOBER, 2023\n \nThis 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\n \nMS INTERNATIONAL plc\n(the \"Company\")\n \nCONTRACT TO SUPPLY ELECTRO-OPTICAL SIGHT SYSTEMS TO THE US NAVY\n \nThe Company is pleased to announce that a further contract has been awarded by the United States Navy to our wholly owned subsidiary company, MSI-Defence Systems US LLC, which is based in Rock Hill, South Carolina, USA.\n \nThis contract is for $15.8 million and is for the supply of our newly developed MSI-DS Electro-Optical Sights System (which US Navy nomenclature identifies as the US Mk48 MOD2 Electro-Optical Sight Systems) as part of our MSI-DS 30mm weapon systems. Delivery of all equipment is for no later than 31 May, 2025.\n \nThe Electro-Optical Sight System is a new, fully tried and tested system developed in house by MSI- Defence Systems Ltd in our Norwich facility.\n \nIn the Company's annual financial report for the year ended 30 April 2023, the Chairman Michael Bell stated \"We perceive that we are achieving a significant upward step change in the further development of the Company that will again bring additional rewards and success for the business\".\n \nThis contract is further confirmation of that upward step change and follows the Company's announcements on 1 September 2023 of the award of the contract by the United States Navy for the procurement of supplies and services to maintain the US Navy Mk38 MOD4 weapon systems with a budget ceiling of $49.8 million over the period to 30 June 2028 and on 29 September of the award of the contract by the United States Navy for the supply of Mk 38 MOD4 gun mounts with a value of $23.5 million.\n \n \n \nFor further information please contact:\n \nMS INTERNATIONAL plc Tel: +44 (0)13 0232 2133\nMichael Bell\n \nShore Capital\nNomad and Broker &nb...