U.S. Army Next-Generation Ballistic Helmet Order
29 September 2022
Avon Protection plc
("Avon Protection" or "the Group")
U.S. Army Next-Generation Ballistic Helmet Order
Avon Protection is pleased to confirm that the Group has received its first delivery order worth $42.1 million from the U.S. Army under the Next Generation Integrated Head Protection System (NG IHPS) helmet contract W91CRB-21-D-0022.
Manufacturing ramp-up is progressing to plan after completing rigorous testing, with initial deliveries commencing in the first half of FY23 positioning Avon Protection as the leading helmet supplier to the U.S. DOD.
Paul McDonald, Chief Executive Officer at Avon Protection, commented:
"The receipt of this first delivery order is an important milestone for the NG IHPS, and a critical step in getting our advanced life-saving technology rolled out to U.S. military personnel with this first order. This programme cements our position as a global leader in head protection technology, and specifically as a centre of excellence in high-specification ballistic helmets."
For further enquiries, please contact:
Avon Protection
Paul McDonald, Chief Executive Officer +44 1225 896 848
Rich Cashin, Chief Financial Officer
Rory Wiltshire, Investor Relations Manager
MHP Communications
Andrew Jaques +44 771 003 2657
Charlie Barker avonprotection@mhpc.com
Pete Lambie
Legal Entity Identifier: 213800JM1AN62REBWA71
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation ("MAR") EU no.596/2014. Upon the publication of this announcement via Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.
Note to editors:
Avon Protection designs and produces life-critical personal protection solutions for the world's militaries and first responders. With a portfolio that includes Chemical, Biological, Radiological, Nuclear ("CBRN"), respiratory and head protection products, our mission is to enhance the performance, efficiency and capability of our customers whilst providing ever increasing levels of protection.
Avon Protection operates from six sites employing approximately 1,000 people and is listed on the London Stock Exchange (LSE: AVON).
For further information, please visit our website www.avon-protection-plc.com
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