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Manroy PLC (MAN)

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Monday 09 December, 2013

Manroy PLC

New Order and FAA Approval

RNS Number : 9692U
Manroy PLC
09 December 2013
 

9 December 2013

 

MANROY PLC ("Manroy")

 

NEW ORDER AND INITIAL FIRST ARTICLE APPROVAL ("FAA") FOR MANROY USA LLC ("MUSA")

 

 

Manroy, the AIM quoted UK Defence Contractor, is pleased to announce that it has been awarded a further £0.5m contract for its new GPMG product from an existing  customer. It is expected that this contract will be delivered within the current financial year, subject to standard license approval processes.

 

Manroy is also pleased to announce that MUSA has received FAA for one of the products under the contracts novated across from Sabre Defence Industries LLC. This now releases $3.2m of the $10.6m of novated contracts awaiting FAA approval. Production will start this month with subsequent monthly deliveries starting in January 2014 for a period of about 2 years.

 

Glyn Bottomley, Manroy's Chief Executive, said: "The new UK order is the result of Manroy providing ongoing support and excellent service to this existing customer. The award of the FAA approval is a momentous step for MUSA and we look forward to completing the final FAA process for the remaining products."

 

ENDS

 

 

 

 

For further information please contact:

Manroy Plc                                                           Tel 01252 874177

Glyn Bottomley, Chief Executive

Paul Carter, Finance Director

 

Allenby Capital                                                    Tel: 020 3328 5656

Mark Connelly

Alex Price

 

Bankside Consultants                                       Tel: 020 7367 8888

Richard Pearson

Simon Rothschild

 

 

 

Notes to Editors:

 

1.     Manroy is a UK based defence contractor specialising in the supply of weapon systems for land, air and maritime applications.

 

2.     A key Ministry of Defence supplier for 26 years, Manroy designs, manufactures, supplies and supports:

·      the 12.7mm M2 Heavy Machine Gun ("HMG"), also known as the 0.50" calibre HMG;

·      the 7.62mm General Purpose Machine Gun ("GPMG");

·      HMG Quick Change Barrel kits;

·      a range of turret products for armoured fighting vehicles;

·      weapon tripods and weapon mounting systems

 

3.    Production of the HMG, along with support and spares is Manroy's core area of operation. In recent years Manroy has increasingly focused on the export market and diversification of its customer base into new territories.

 

4.    Manroy owns 49% of North Carolina based Manroy USA ("MUSA"), a defence supplier to both military and civilian law enforcement agencies.

 

5.    MUSA manufactures a range of weapons systems and ancillary products, including:

·      The M2 HMG

·      M2 HMG Quick Change Barrel kits

·      Barrel manufacturing for both the military and commercial markets

·      M16 and M4 military rifles

·      Electronic boresights

·      Mounting systems

·      Commercial rifle barrels and spares

 

 

 

The Group adheres strictly to UK legislation concerning the sale of weapons to foreign countries. Manroy's overseas sales are undertaken in adherence to UK Government regulations and approvals. Such sales are only undertaken after all appropriate UK Government licenses have been granted. 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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