Avon Rubber PLC US DoD M53A1 Contract (9550T)
March 26 2019 - 2:01AM
UK Regulatory
TIDMAVON
RNS Number : 9550T
Avon Rubber PLC
26 March 2019
26 March 2019
Avon Rubber p.l.c.
U.S. Department of Defense M53A1 mask and powered air system
contract
Avon Rubber p.l.c. is pleased to announce that Avon Protection
has been awarded a sole source contract to supply the U.S.
Department of Defense ("DOD") with the M53A1 mask and powered air
system and related accessories. The framework contract, which also
covers additional Avon Protection products, including the ST54
self-contained breathing apparatus, has a maximum value of $246
million over a duration of up to 7 years, being a five-year base
period plus two further one-year extension periods.
Avon Protection anticipates receiving the first order under this
contract shortly, with deliveries expected to commence in the
second half of the current 2019 financial year (ending 30 September
2019). As outlined in the Group's 2018 final results announcement,
the first order will contribute to our expected Military revenues
for the 2019 financial year.
Commenting, Paul McDonald, Chief Executive Officer, said:
"This is another significant, multi-year contract for Avon
Protection and demonstrates our ongoing focus on technological
excellence and innovation leadership as we continue to deliver
against our growth strategy.
"Together with the M69 aircrew mask contract announced at the
beginning of the year, this underpins our medium term outlook and
provides good visibility of revenues going forward.
"We continue to pursue a number of other identified
opportunities with the DOD and Rest of World Military customers,
which give us further confidence in the Group's prospects."
For further enquiries, please contact:
Avon Rubber p.l.c.
Paul McDonald, Chief Executive Officer 01225 896 300
Nick Keveth, Chief Financial Officer
MHP Communications
Andrew Jaques 0203 128 8570
Charlie Barker
Pete Lambie
Legal Entity Identifier: 213800JM1AN62REBWA71
Note to editors:
Avon Rubber is an innovative technology group which designs and
produces specialist products and services to maximise the
performance and capabilities of its customers. We specialise in
Chemical, Biological, Radiological and Nuclear ("CBRN") and
respiratory protection systems, as well as milking point solutions
through our two businesses, Avon Protection and milkrite |
InterPuls.
Avon Protection is the recognised global leader in advanced CBRN
respiratory protection systems for the world's Military, Law
Enforcement and Fire markets.
milkrite | InterPuls is a global leader providing complete
milking point solutions to dairy farmers across the world with the
aim of improving every farm it touches.
For further information, please visit our website:
www.avon-rubber.com.
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END
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