Avon has announced a 10-year framework contract award from the NATO Support & Programme Agency (NSPA) for FM50 mask systems. It is a further encouraging development for Avon Protection, which will form the core of the group when the dairy disposal completes. The order secures long-term supply to NATO forces for the first time and supports the anticipated Military mask systems order intake from the Rest of the World. Avon currently trades on an FY21e P/E of 27.3x.
19 Aug 2020
Avon Rubber - Multi-year mask system agreement for NATO
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Avon Rubber - Multi-year mask system agreement for NATO
Avon Protection PLC (AVON:LON) | 1,187 95 0.7% | Mkt Cap: 359.2m
- Published:
19 Aug 2020 -
Author:
Andy Chambers -
Pages:
2
Avon has announced a 10-year framework contract award from the NATO Support & Programme Agency (NSPA) for FM50 mask systems. It is a further encouraging development for Avon Protection, which will form the core of the group when the dairy disposal completes. The order secures long-term supply to NATO forces for the first time and supports the anticipated Military mask systems order intake from the Rest of the World. Avon currently trades on an FY21e P/E of 27.3x.