MoD contract award

Petards Group PLC 23 October 2007 Petards Group plc ('Petards' or 'the Company') Contract award Petards, the AIM listed developer of advanced surveillance systems, announces that Petards Joyce-Loebl has been awarded a major contract by the Ministry of Defence. The contract, worth over £1m, is for the supply of airborne chaff and flare dispensing equipment which will form part of an integrated defensive aids suite to be installed on rotary wing aircraft. Deliveries are expected to commence in early 2008 and should be completed by the end of 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. This is the latest in a series of contract awards received over recent years that have seen the equipment supplied for use on a wide variety of the UK's aircraft including the RAF's C-130 J and K transport aircraft, Merlin Mk.3, Chinook Mk.2, and Puma helicopters, the Royal Navy's Sea King Mk.4 and Lynx helicopters, and the British Army's Lynx Mk.9 helicopters. Petards Chief Executive Bill Conn said 'I am delighted that the Ministry of Defence has again selected Petards Joyce-Loebl to work with them on such an important project. This order together with the previous systems supplied has established Petards as one of the UK's leading suppliers of countermeasures dispensing equipment.' For further information: Petards Group plc Collins Stewart Limited Parkgreen Communications 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 The company news service from the London Stock Exchange
UK 100

Latest directors dealings