GenFly Contract Update
Received formal invitation to negotiate GenFly RAF training systems upgrade contract worth circa £4.9 million.
- Anticipated contract value circa £4.9 million
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Pennant International Group plc (AIM:PEN), the systems support software and training solutions company, provides the following update further to the announcement by the UK Ministry of Defence ("MOD"), on 23 October 2024, of an intention to contract with Pennant for a comprehensive technology upgrade to the RAF's GenFly training systems.
As the MOD's chosen supplier, Pennant has now received an 'Invitation to Negotiate' from the MOD which commences the formal negotiation process intended to lead to contract award.
The anticipated contract value remains as per the Company's announcement on 23 October 2024 (circa £4.9 million) and, subject to agreeing terms, Pennant expects the contract to commence during Q3 2025. A further announcement will be made once the contract is agreed and signed.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.