Business
Contract amendment adds £2.3m to Order Book
Contract amendment adds £2.3m to Order Book.
About this update from Pennant International Group Plc
[{"type":"text","content":"\n \nRNS Number : 2123Z Pennant International Group PLC 13 March 2017 \n\n \n \n13 March 2017\n \n \nPENNANT INTERNATIONAL GROUP PLC\n(AIM: PEN)\n \nCanadian contract amendment adds further £2million to Order Book\n \nPennant International Group plc (\"Pennant\" or \"the Group\"), the AIM quoted supplier of integrated support solutions, products and services, principally to the defence, rail, aerospace and naval sectors and to Government Departments, is pleased to announce that Public Services and Procurement Canada (\"PSPC\") has amended a contract with Pennant Canada Limited in Ottawa, Ontario, Canada. The amendment adds an additional C$3.8 million (£2.3 million) in contract value to the existing services consulting contract to September 2018. \n \nThe contract allows for provision of a range of services to the Canadian Department of National Defence (\"DND\") to optimize the use and effectiveness of Pennant's OmegaPS suite of supportability software products in use throughout DND. \n \nThe contract amendment allows for additional services to \"be called upon as and when required by the customer\". The increased funding will predominantly impact performance in 2018 and increases the Group's order book by in excess of £2 million.\n \nPhilip Walker, Chief Executive of Pennant stated: \"This increase in the contract ceiling serves as an important step in ensuring that the Department of National Defence derives maximum benefit from the use of the OmegaPS software suite.\"\n\n\n\n\n \nContacts:\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nPennant International Group plc\n\n\nwww.pennantplc.co.uk\n\n\n\n\nPhilip Walker, CEO\n \n\n\n+44 (0) 1452 714 914\n\n\n\n\n\n\n\n\n\n\n\n\nWH Ireland Limited\n\n\nwww.wh-ireland.co.uk\n\n\n\n\nMike Coe / Ed Allsopp\n\n\n+44 (0) 117 945 3470\n\n\n\n\n\n\n\n\n\n\n\n\nWalbrook PR (Financial PR)\n\n\nwww.walbrookpr.com\n\n\n\n\nPaul Vann / Tom Cooper\n\n\n+ 44 (0)20 7933 8780\n+44 (0)7768 807631\n\n\n\n\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END CNTUUVWRBUAOAAR\n ","length":5038,"tagName":"div"}]