£1.9m Export Defence Contract Award

RNS Number : 8511L
TP Group PLC
24 July 2017

£1.9m Export Defence Contract Award

TP Group (AIM: TPG), the specialist services and engineering group, is pleased to announce that it has been awarded a £1.9 million contract from a new customer, a shipbuilding prime contractor in South East Asia.

This new contract, which is expected to be delivered over a two year period, will see TP Group provide submarine life-support systems which will be built by TPG Maritime at its manufacturing and engineering centre in Portsmouth.

Phil Cartmell, Chief Executive Officer of TPG commented:

"We are very pleased to be working with this new South East Asian based tier-1 customer. The contract builds on TPG's longstanding successes in the region, as announced in prior years, and further strengthens our presence in this strategically important market."