Ministry of Defence E3D Sentry PFI Contract

Quadrant Group PLC 10 November 1999 Ministry of Defence E3D Sentry PFI Contract Quadrant Group plc ('Quadrant') announces that a special joint venture company ('SPV'), of which Quadrant owns 50%, has won selection as the Preferred Bidder for a Private Finance Initiative contract to be awarded by the UK Ministry of defence for the provision of pilot training for the RAF's Boeing E3D Sentry aircraft for a minimum of 25 years. If the selection proceeds to a firm contract, signature is anticipated to be around April 2000. Such a contract would be expected to generate approximately £50 million of revenues for the SPV over the full 30 year contract life. In addition, if and when the contract is finalised, the SPV will place short term orders worth in the region of £1.75 million with Quadrant's subsidiary Systems Limited, for updating the RAF's current E3D full fight simulator. Quadrant's 50% partner in the SPV is Evans & Sutherland Computer Corporation, the world's leading provider of flight simulator visual systems. For further information, please contact David Coghlan, Chief Executive of Quadrant Group plc - 01527 850 080, or Jeff Sandiford, Chairman of Quadrant Systems Limited - 01444 246 226

Companies

Synectics (SNX)
UK 100

Latest directors dealings