SciSys PLC Wins EUR3.9 Million Contract with Airbus
April 10 2018 - 8:47AM
Dow Jones News
By Oliver Griffin
SciSys PLC (SSY.LN) said Tuesday that it has been awarded a 3.9
million-euro ($4.8 million) contract by Airbus SE's (AIR.FR)
defense-and-space division.
The software and IT company said that under the contract, it
will develop the ground segment of Egnos V3, Europe's regional
satellite-based augmentation program, the aim of which is to
improve the performance of global-navigation satellite systems.
SciSys said the development stage of the contract will begin
this month, and is expected to continue until the third quarter of
2020, with a subsequent maintenance phase for up to five years.
Shares at 1209 GMT were up 4.3% at 144.50 pence.
Write to Oliver Griffin at oliver.griffin@dowjones.com
(END) Dow Jones Newswires
April 10, 2018 08:32 ET (12:32 GMT)
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