Submarine Equipment Refurbishment Contract
RNS Number: 2856B
TP Group PLC
09 January 2018
DEFENCE REFURBISHMENT CONTRACT WIN
TP Group (AIM: TPG), the specialist services and engineering group, is pleased to announce that it has been awarded a c.£0.9m contract by a defence prime contractor to overhaul an atmosphere management system already fitted to an operational submarine.
The contract, which commences immediately, forms part of a broader, through-life support programme that is typical for equipment which remains in service for periods in excess of 30 years. This contract is expected to be delivered during 2018 by the Company's engineering teams across the UK.
Phil Cartmell, Chief Executive Officer of TPG commented: "We are very pleased to kick off the New Year with another contract to support in-service equipment in the submarine fleet. This is a reminder that our equipment is expected to perform its critical function over a prolonged period, and demonstrates the high technical standards and long term partnership that such equipment demands, and which continue to provide a strong foundation for our business."