Contract Update

RNS Number : 1809D
TP Group PLC
04 July 2016

This announcement contains price sensitive information 

Contract update

TP Group (AIM: TPG), the specialist technology, engineering and managed solutions group, today confirms that the MoD has issued a notice detailing its intention to award a sole source contract to TPG Maritime, a wholly owned subsidiary of TP Group, for an asset availability service contract relating to Submarine Air Purification. 

The contract, upon award, would be for an initial 7 years with an optional 3 years extension and is estimated to be worth £27.8 million over the full life cycle of the contract.

TP Group anticipates the contract will commence in early 2017.

Further information can be found at http://ted.europa.eu/udl?uri=TED:NOTICE:227000-2016:TEXT:EN:HTML&src=0