Contracts Update
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Pennant International Group plc (AIM:PEN), the systems support software and training solutions company, is pleased to provide the following contracts update.
UK & Europe
The Company notes that the UK Ministry of Defence has announced its intention to contract with Pennant for a comprehensive technology upgrade to the RAF's GenFly training systems. The expected contract value is stated to be £4.9 million, to be delivered over a three and a half year period, with an award date of April 2025. The potential award is subject to contract and applicable defence procurement processes. A further announcement will be made in due course.
712275451 - GENFLY Refresh Contracts Finder Voluntary Transparency Notice - Contracts Finder
North America
Pennant is delighted to have secured its first sale of software under its new subscription model for the Auxilium suite. The customer is a United States defence contractor focusing on unmanned aerial systems.
In addition, an order has also been received from a Canadian defence contractor for technical services, with a value of £400,000 over eight months commencing this month.
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