Business
New Contract Award & Notice of 2015 Final Results
New Contract Award & Notice of 2015 Final Results.
About this update from Pennant International Group Plc
[{"type":"text","content":"\n \nRNS Number : 1865O Pennant International Group PLC 05 February 2016 \n\n \n \n \n5 February 2016\n \nPennant International Group plc: New Contract Award valued at up to £2.2million\nNew landmark contract with leading global aerospace and defence contractor\n \nPennant International Group plc (\"Pennant\"), the Aim quoted supplier of integrated logistic support solutions, products and services, principally to the defence, rail, aerospace and naval sectors and to Government Departments, is pleased to announce that its wholly owned subsidiary, Pennant Training Systems Limited, has been awarded a new, landmark contract with one of the world's leading aerospace and defence contractors.\nThe contract, referred to in the trading update announcement of 11 December 2015 when pre-contract work had begun, has a value of £0.2m. It also includes further options which, if exercised by the customer will increase its aggregate value to in excess of £2.2m over 18 months. \nThe contract is for the development of training for aircrew and engineering staff.\nPennant's CEO Chris Snook said \"This is the second global OEM contractor to be added to Pennant's customer base since September 2015 and is further evidence of Pennant's growing reputation within the global defence industry. We look forward to developing a strong and mutually beneficial relationship.\" \nPennant expects to announce preliminary results for the year ended 31 December 2015 on 7 March 2016.\n \n\n\n\n\nEnquiries:\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\n\nPhil Walker, CFO\n\n\n+44 (0) 1452 714 914\n\n\n\n\nChris Snook, CEO\n\n\n+44 (0) 1452 714 914...