Avon Rubber has announced another M50 order in the final year of the 10-year sole-source contract with the US Department of Defense (DoD). This order underpins FY18 and FY19 expectations and we make no changes to our forecasts. However, Avon is in advanced negotiations with the US DoD on future programmes, which fit comfortably with its growth strategy.
17 Jul 2018
Avon Rubber - More M50s
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Avon Rubber - More M50s
Avon Protection PLC (AVON:LON) | 1,064 0 0.0% | Mkt Cap: 321.9m
- Published:
17 Jul 2018 -
Author:
Annabel Hewson -
Pages:
2
Avon Rubber has announced another M50 order in the final year of the 10-year sole-source contract with the US Department of Defense (DoD). This order underpins FY18 and FY19 expectations and we make no changes to our forecasts. However, Avon is in advanced negotiations with the US DoD on future programmes, which fit comfortably with its growth strategy.