TP Group secure £2m export defence equipment contract

RNS Number : 3165S
TP Group PLC
25 June 2018

TP Group secure £2m export defence equipment contract

TP Group (AIM: TPG), the specialist services and engineering group, is pleased to announce it has received an order for £2m from Naval Group under the terms of the five-year framework agreement announced 7 June 2018.

This order is to build and supply an advanced gas management system, following announcement of a preliminary contract on 12 December 2017. The work, which will be carried out by the Group's Engineering & Technology business unit, will commence immediately and is expected to be completed in 2019.

Phil Cartmell, Chief Executive of TP Group commented:

"Following the announcement of our strategic framework agreement earlier this month, I am very pleased to have secured this first order and begin the delivery process under this arrangement."