Contract win to supply equipment to a major UK defence prime contractor
RNS Number : 2986Z
TP Group PLC
14 December 2017
TP Group secures £6.9m defence contract
TP Group (AIM: TPG), the specialist services and engineering group, is pleased to announce that it has been awarded a £6.9m contract to supply equipment to a major UK defence contractor.
The contract, which commences immediately, is part of a critical long-term defence programme and is expected to be completed over the next two years by the Company's engineering team.
Phil Cartmell, Chief Executive Officer of TPG commented: "We are delighted to continue our participation in such a critical, long-term programme within the UK defence sector. This contract will ease the delivery of the overall programme by aligning the skills and competences of our engineering businesses in Portsmouth and Manchester with our delivery partners.
"The scale and importance of such a contract also improves production visibility at our facilities, in addition to continuing the positive trading momentum currently being experienced across the Group."