Training Systems Contract Win

Pennant International Group plc (AIM: PEN), the systems support software and training solutions company, is pleased to announce a new contract win within its Training Systems segment.

This new customer contract, initially valued at £1.0m, is for the supply of a virtual training simulator developed specifically for a UK manufacturer of air defence applications. The initial order covers the design, development and testing of the simulator and is subject to the provision of a bank guarantee which is being finalised and expected shortly. Following the successful delivery of this phase, Pennant expects further series production orders from 2027, to support the training requirements of the customer's end users in operational battlefield environments, providing additional follow on revenue opportunities for the Group.

This contract further strengthens Pennant's order book, with over £11m of new orders secured within the Training Systems segment since the Group's Interim Results in September 2025. Delivery of the initial contract is expected in H2 2026.

Phil Walker, CEO, commented:

"This latest Training Systems contract is the culmination of 12 months of partnership with our new customer, representing a UK company collaboration to combine world leading air defence systems with market leading synthetic training systems, continuing to fulfil Pennant's core objective of ensuring that mission critical assets are available where and when they are needed. It is also pleasing to introduce a new product to the market that is truly scalable. We expect to be working with this customer for years to come as they continue to expand their business."