Quadrant Group PLC
20 July 2000
QUADRANT GROUP PLC
TRADING STATEMENT
Quadrant Group plc ('Quadrant') announces that a special
purpose joint venture company, Quest Flight Training Limited
('Quest'), of which Quadrant owns 50%, has been awarded a
contract by the UK Ministry of Defence for the provision of
aircrew simulator training for the RAF's Boeing E-3D Sentry
aircraft.
Quest has been specifically set up for this programme and is
50/50 joint venture owned by Quadrant and Evans & Sutherland
Computer Corporation of Salt Lake City, USA, the world's
leading supplier of sophisticated simulation visual systems.
The Contract will run for a minimum of 25 years and is
expected to generate in excess of £60 million of revenues
over the full 30 years.
Quest has at the same time placed a £3.2 million contract
with Quadrant's subsidiary Quadrant Systems Limited to
update the RAF's current E-3D full flight simulator
including a new instructor Operating System, a new Navigator
Station with a Global Positioning System Integrated
Navigation System (GINS) and updates to the Flight and
Controls Systems. Quadrant Systems Limited will also
provide support to Quest through the life of the programme.
Chief Executive of Quadrant, David Coghlan, commented:
'The award of the E-3D contract is a major milestone for
Quadrant and we are very pleased to be working with our
partners Evans & Sutherland on this prestigious Ministry of
Defence programme.'
David Coghlan, Chief Executive, Quadrant Group plc- + 44 (0) 1527 850 080
Jeff Sandiford, Chairman, Quadrant Systems Limited- + 44 (0) 1444 246 226
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