TPG secures BAE Systems contract

RNS Number : 4291Q
TP Group PLC
29 November 2016

TPG secures BAE Systems contract

TP Group (AIM: TPG), the specialist services and engineering group, announces it has been awarded a contract with BAE Systems Marine Ltd. for £5.3m.

The contract commences immediately and will be delivered over the next two years by the Group's engineering team in Portsmouth. This contract is in addition to the two previous announcements made in July and August this year, regarding sole-source negotiations that are now in progress for future contracts involving the MoD and TP Group.

Phil Cartmell, Chief Executive of TP Group commented: "We are delighted to have secured another contract with BAE Systems Marine Ltd as we have a long history of working with them on naval programmes. We look forward to working together to deliver this project."