MS International PLC Supply of MSI-DS 30mm Gun Mounts to US Navy (1572O)
September 29 2023 - 3:20AM
UK Regulatory
TIDMMSI
RNS Number : 1572O
MS International PLC
29 September 2023
29 September 2023
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) No 596/2014 which is part of UK law
by virtue of the European Union (Withdrawal) Act 2018
MS INTERNATIONAL plc
(the "Company")
CONTRACT TO SUPPLY MSI-DS 30mm GUN MOUNTS TO THE US NAVY
The Company is pleased to announce that a "first production and
supply" contract has been awarded by the United States Navy to our
wholly owned subsidiary company, MSI-Defence Systems US LLC, which
is based in Rock Hill, South Carolina, USA.
This first contract is for $23.5 million and is for the supply
of US Navy Mk38 MOD4 gun mounts (which is the US Navy nomenclature
for our MSI-DS 30mm gun mounts). Delivery of all equipment is for
no later than 18 December 2024.
In the Company's annual financial report for the year ended 30
April 2023, the Chairman Michael Bell stated "We perceive that we
are achieving a significant upward step change in the further
development of the Company that will again bring additional rewards
and success for the business".
This contract is further confirmation of that upward step change
and follows the Company's announcement on 1 September 2023 of the
award of the contract by the United States Navy for the procurement
of supplies and services to maintain the US Navy Mk38 MOD4 weapon
systems with a budget ceiling of $49.8 million over the period to
30 June 2028.
For further information please contact:
MS INTERNATIONAL plc Tel: +44 (0)13 0232 2133
Michael Bell
Shore Capital
Nomad and Broker Tel: +44 (0)20 7408 4090
Patrick Castle/Daniel Bush/Lucy Bowden
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCSEASWUEDSEFU
(END) Dow Jones Newswires
September 29, 2023 03:20 ET (07:20 GMT)
MS (AQSE:MSI.GB)
Historical Stock Chart
From Aug 2024 to Sep 2024
MS (AQSE:MSI.GB)
Historical Stock Chart
From Sep 2023 to Sep 2024