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 Apr 2024 to May 2024 Click Here for more MS Charts.
MS (AQSE:MSI.GB)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more MS Charts.