Petards Group PLC
30 October 2007
Petards Group plc ('Petards' or 'the Company')
Contract award
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.'
For further information:
Petards Group plc Collins Stewart Europe Ltd Parkgreen Communications Ltd
Andy Wonnacott, Finance Director Mark Connelly Paul McManus
Tel: 01932 788 288 Tel: 020 7523 8000 Tel: 020 7479 7933
www.petards.com Mob: 07980 541 893
paul.mcmanus@parkgreenmedia.com
This information is provided by RNS
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