Pennant International Group PLC
27 March 2006
For immediate release 27 March 2006
PENNANT INTERNATIONAL GROUP PLC: NEW 5 YEAR CONTRACT
Pennant awarded £3.8 million Service Provision Contract by MoD
Pennant International Group plc, announces that its training systems subsidiary,
Pennant Training Systems Ltd., has been awarded a new service provision contract
by the Ministry of Defence for five years with an option for a further 2 years.
The contract is worth an initial £3.8 million and has provision for additional
services throughout the life of the contract which could significantly enhance
its overall value.
The contract is to provide training equipment support at 4 RAF bases including
the Defence College for Aeronautical Engineering ('DCAE') Cosford and the Army
and Royal Navy establishments DCAE Arborfield and DCAE Sultan. It will include
maintenance engineering, design and software support to both hardware and
software based training systems.
Chris Snook, Chief Executive, Pennant International group plc, commented:
'The award of such a significant and prestigious contract is great news for
Pennant and is a tribute to the skill and dedication of our staff. It further
cements the long-established relationship Pennant enjoys with the MoD which I
look forward to developing further in the future'.
-ends-
Enquiries:
Chris Snook, Chief Executive,
John Waller, Group Finance Director
Pennant International Group plc Tel: 01452 714914
Paul Vann/Ken Rees
Winningtons Financial Tel: 0117 920 0092
Note:
Pennant International Group plc, quoted on the AIM market of the London Stock
Exchange, is a provider of integrated logistic support solutions including
training software systems and technical documentation and analysis for
multinational customers worldwide. Based in Cheltenham, UK, it has operations in
the USA, Canada and Australia
This information is provided by RNS
The company news service from the London Stock Exchange
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