TIDMMAN

RNS Number : 7087A

Manroy PLC

25 March 2013

MANROY PLC

MAJOR CONTRACT AWARDS UPDATE

Manroy Plc ("Manroy" or the "Group"), the AIM quoted leading UK Defence Contractor, is pleased to announce that it has received new contract orders totalling GBP8.7m from existing customers within Asia, Europe and the UK.

Included as part of these contracts is the award of a major order for GBP7.6m from an existing customer in Asia. In addition, this GBP7.6m contract, which is subject to normal license approval, involves the placing of an intra-group order to Manroy USA for approximately GBP5.0m. The balance of the new contracts is made up from several smaller but nonetheless significant export orders totalling GBP1.1m.

In addition, following the recent completion of its acquisition of Base (Manroy) Limited, further details of which were announced on 1 March 2013, the Group is pleased to announce that key elements of these new orders are now capable of being manufactured in-house.

These new contracts increase the Group's order book to approximately GBP19m, more than 70% above the GBP11m announced on 4 February 2013. This compares with total revenue for the Group during the year ended 30 September 2012 of GBP7.4m. The Board anticipates that circa half of the Group's current order book will be delivered during the current financial year.

Glyn Bottomley, Manroy's Chief Executive, said:

"These major orders are the result of high customer confidence in Manroy following successful delivery of previous orders. They are a testament to the hard work of everyone within the Company and they take the Manroy order book to a new record level. These are exciting times for everyone involved at Manroy, and we look forward to making further positive announcements during the coming months."

Ends.

Contacts:

For further information please contact:

   Manroy Plc                                                            Tel: 01252 874 177

Glyn Bottomley, Chief Executive

Paul Carter, Finance Director

   Allenby Capital                                                     Tel: 020 3328 5656

Mark Connelly

Alex Price

   Bankside Consultants                                         Tel: 020 7367 8888

Richard Pearson

Simon Rothschild

Harry Gourlay

Notes to Editors:

1. Manroy is a UK based defence contractor specialising in the supply of weapon systems for land, air and maritime applications.

2. A key Ministry of Defence supplier for 26 years, Manroy designs, manufactures, supplies and supports:

   --      the 12.7mm M2 Heavy Machine Gun ("HMG"), also known as the 0.50" calibre HMG; 
   --      the 7.62mm General Purpose Machine Gun ("GPMG"); 
   --      HMG Quick Change Barrel kits; 
   --      a range of turret products for armoured fighting vehicles; 
   --      weapon tripods and weapon mounting systems

3. Production of the HMG, along with support and spares is Manroy's core area of operation. In recent years Manroy has increasingly focused on the export market and diversification of its customer base into new territories.

4. Manroy owns 49% of North Carolina based Manroy USA ("MUSA"), a defence supplier to both military and civilian agencies.

   5.    MUSA manufactures a range of weapons systems and ancillary products, including: 
   --      The M2 HMG 
   --      M2 HMG Quick Change Barrel kits 
   --      Barrel manufacturing for both the military and commercial markets 
   --      M16 and M4 military rifles 
   --      Electronic boresights 
   --      Mounting systems 
   --      Commercial rifles and parts

6. MUSA's acquisition of the business and assets of Sabre Industries in March 2011 enhanced its penetration of the US market.

7. In April 2012, $10.4m (GBP6.6m) of Sabre's contracts with the US Department of Defense were successfully novated to MUSA.

The Group adheres strictly to UK legislation concerning the sale of weapons to foreign countries. Manroy's overseas sales are undertaken in adherence to UK Government regulations and approvals. Such sales are only undertaken after all appropriate UK Government licenses have been granted.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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