Petards Group PLC
15 December 2006
15 December 2006
Petards Group plc ('Petards' or 'the Company')
New Contract Awards
Petards, the AIM listed developer of advanced surveillance systems, announces
that Petards Joyce-Loebl has been awarded contracts by the Ministry of Defence
with a total value of £1.3 million for the supply of electronic countermeasures
dispensers and missile warning equipment repair services. The countermeasures
dispensers are for use on the British Army Lynx Mk9 and will provide those
aircraft with a self protection capability. Deliveries are expected to commence
in June 2007.
The Ministry of Defence has also confirmed that it has awarded Petards
Joyce-Loebl a one year extension, to April 2008, to its existing exclusive
enabling contract which covers the supply of commercial VHF / UHF non-secure
radio products and systems.
Petards Chief Executive Bill Conn said 'Petards Joyce-Loebl has a long heritage
in supplying the UK defence industry and these orders are a demonstration of the
confidence that the Ministry of Defence has in the Company's capability to work
on significant projects such as these.'
For further information:
Petards Group plc
Andy Wonnacott, Finance Director 01932 788 288
www.petards.com
Parkgreen Communications 020 7493 3713
Paul McManus 07980 541 893
END
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