TP Group Signs Collaboration Agreement With Collins Aerospace Mission Systems
By Anthony O. Goriainoff
TP Group PLC said Thursday that it has signed a two-year
collaboration agreement with Collins Aerospace Mission
Systems--part of Raytheon Technologies Corp.--to work on joint
power and atmosphere management opportunities for the global
The U.K. engineering company said that under the agreement it
will work on submarine and unmanned underwater vehicles, and that
there will be further opportunities for specialist electronics in
the wider U.S. defense market.
Collins Aerospace will lead the joint activity within the U.S.,
while TP Group will lead on activities for the rest of the world,
"We have been working together for many years in certain
atmosphere management programs and this offers an opportunity to
work in new programs and applications beyond this base and further
broaden our reach as we pursue our international growth plans,"
Chief Executive Phil Cartmell says.
Shares at 0810 GMT were up 0.05 pence, or 0.9%, at 5.85
Write to Anthony O. Goriainoff at
(END) Dow Jones Newswires
April 08, 2021 04:36 ET (08:36 GMT)
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