Avon has announced that it has been awarded a sole source contract to supply the US Department of Defense (DoD) with M69 Joint Service Aircrew Mask Systems for Strategic Aircraft with a maximum value of $92.7m over up to seven years. As flagged at the FY18 results, it is a significant contract for Avon Protection’s military activities and should make an initial revenue contribution in FY19 once the first order is received in the near future. Using our estimates, Avon is trading on a FY2
07 Jan 2019
Avon Rubber - M69 aircrew mask systems success
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Avon Rubber - M69 aircrew mask systems success
Avon Protection PLC (AVON:LON) | 1,194 95.5 0.7% | Mkt Cap: 361.3m
- Published:
07 Jan 2019 -
Author:
Andy Chambers -
Pages:
2
Avon has announced that it has been awarded a sole source contract to supply the US Department of Defense (DoD) with M69 Joint Service Aircrew Mask Systems for Strategic Aircraft with a maximum value of $92.7m over up to seven years. As flagged at the FY18 results, it is a significant contract for Avon Protection’s military activities and should make an initial revenue contribution in FY19 once the first order is received in the near future. Using our estimates, Avon is trading on a FY2