MS International PLC Contract For Electro-Optical Sight Systems (3739O)
October 02 2023 - 6:10AM
UK Regulatory
TIDMMSI
RNS Number : 3739O
MS International PLC
02 October 2023
2 OCTOBER, 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 ELECTRO-OPTICAL SIGHT SYSTEMS TO THE US
NAVY
The Company is pleased to announce that a further 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 contract is for $15.8 million and is for the supply of our
newly developed MSI-DS Electro-Optical Sights System (which US Navy
nomenclature identifies as the US Mk48 MOD2 Electro-Optical Sight
Systems) as part of our MSI-DS 30mm weapon systems. Delivery of all
equipment is for no later than 31 May, 2025.
The Electro-Optical Sight System is a new, fully tried and
tested system developed in house by MSI- Defence Systems Ltd in our
Norwich facility.
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 announcements 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 and on 29 September of the award of the contract by
the United States Navy for the supply of Mk 38 MOD4 gun mounts with
a value of $23.5 million.
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
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END
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