TP Group wins £1.95m defence sector orders

RNS Number : 3300J
TP Group PLC
17 December 2015

TP Group wins £1.95m defence sector orders

TP Group (AIM: TPG), the specialist technology, engineering and managed solutions group focused on the aerospace & defence and energy & process industry sectors, is pleased to announce that it has received two defence sector orders this week worth a total of circa £1.95m from Babcock International Group.  These orders are for the overhaul of Submarine Atmosphere Control Systems during the refit of two UK Submarines.  The work will be undertaken in Portsmouth over the next two years.

Phil Cartmell, Chief Executive Officer, commented:

"We are very pleased to secure further maintenance and repair work from Babcock.  These orders further strengthen our order book in the aerospace & defence sector, and provide good visibility of both revenue and production activity at our Portsmouth facility for 2016 and beyond."