03 Mar 2016
US DoD order received
Avon Rubber has announced a follow-on order from the US Department of Defense for mask systems as part of its 10 year sole source supply contract. The order is for 166k masks, which provides the group’s anticipated volume of M50 mask systems out to the end of FY16. We do not anticipate changing our forecasts due to this order, as we already assume ongoing sales of masks to the DoD. However we would expect investors to be reassured by the receipt of this order, which helps to underpin consensus e ....
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US DoD order received
Avon Protection PLC (AVON:LON) | 1,179 -47.2 (-0.3%) | Mkt Cap: 356.7m
- Published:
03 Mar 2016 -
Author:
Jo Reedman -
Pages:
3
Avon Rubber has announced a follow-on order from the US Department of Defense for mask systems as part of its 10 year sole source supply contract. The order is for 166k masks, which provides the group’s anticipated volume of M50 mask systems out to the end of FY16. We do not anticipate changing our forecasts due to this order, as we already assume ongoing sales of masks to the DoD. However we would expect investors to be reassured by the receipt of this order, which helps to underpin consensus e ....