Pennant International Group PLC Contract amendment adds £2.3m to Order Book (2123Z)
March 13 2017 - 3:00AM
UK Regulatory
TIDMPEN
RNS Number : 2123Z
Pennant International Group PLC
13 March 2017
13 March 2017
PENNANT INTERNATIONAL GROUP PLC
(AIM: PEN)
Canadian contract amendment adds further GBP2million to Order
Book
Pennant International Group plc ("Pennant" or "the Group"), the
AIM quoted supplier of integrated support solutions, products and
services, principally to the defence, rail, aerospace and naval
sectors and to Government Departments, is pleased to announce that
Public Services and Procurement Canada ("PSPC") has amended a
contract with Pennant Canada Limited in Ottawa, Ontario, Canada.
The amendment adds an additional C$3.8 million (GBP2.3 million) in
contract value to the existing services consulting contract to
September 2018.
The contract allows for provision of a range of services to the
Canadian Department of National Defence ("DND") to optimize the use
and effectiveness of Pennant's OmegaPS suite of supportability
software products in use throughout DND.
The contract amendment allows for additional services to "be
called upon as and when required by the customer". The increased
funding will predominantly impact performance in 2018 and increases
the Group's order book by in excess of GBP2 million.
Philip Walker, Chief Executive of Pennant stated: "This increase
in the contract ceiling serves as an important step in ensuring
that the Department of National Defence derives maximum benefit
from the use of the OmegaPS software suite."
Contacts:
Pennant International www.pennantplc.co.uk
Group plc
Philip Walker, CEO +44 (0) 1452 714 914
WH Ireland Limited www.wh-ireland.co.uk
Mike Coe / Ed Allsopp +44 (0) 117 945 3470
Walbrook PR (Financial www.walbrookpr.com
PR)
+ 44 (0)20 7933 8780
Paul Vann / Tom Cooper +44 (0)7768 807631
This information is provided by RNS
The company news service from the London Stock Exchange
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