Business
New Contract Awards worth in excess of £13 million
New Contract Awards worth in excess of £13 million.
About this update from Pennant International Group Plc
[{"type":"text","content":"\n \nRNS Number : 8377Z Pennant International Group PLC 01 June 2016 \n\n \n \n1 June 2016 \n \n \nPennant International Group plc: Major New Contracts worth in excess of £13 million;\nTwo Middle-Eastern Training Contracts secured with potential to supply significant additional support;\n \nPennant International Group plc, (\"Pennant\" or \"the Group\"), 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 delighted to announce that its wholly owned subsidiary, Pennant Training Systems Limited, has signed a major new contract and has received confirmation of the award of another and has been instructed to commence work. The contracts are being undertaken for two Middle Eastern customers and have an aggregate value of over £13 million.\n \nThe contracts, one of which has been anticipated for some time, are both for the supply of a range of equipment, hardware and software, and maintenance support to aeronautical engineering training at training colleges in the Middle East. The equipment to be supplied includes Part Task Trainers to develop basic hand skills, mechanical and avionic systems for practicing maintenance activities and a virtual reality procedure trainer for aircraft marshalling and ground handling activities.\n \nThe contracts are expected to run through to the end of 2017. Both customers are adopting a phased approach to installation and integration, whereby incremental increases to technical capabilities and training capacity will be implemented, providing for the planned growth of both colleges, which are in turn expecte...