Avon Rubber has announced the award of a material contract for c.37,000 FM50 masks to a non-DoD customer, for delivery in H1 18. This is one of the Middle Eastern contracts which have been in negotiations for the last 18 months. While terms have not been disclosed, we would anticipate a contract value of perhaps c.$11-12m. We do not expect to upgrade our estimates at this stage, as our forecasts implicitly assume one large order is won each year. However the award helps build the order book and ....
23 May 2017
N+1 Singer - Avon Rubber - Contract award helps underpin forecasts for FY18
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N+1 Singer - Avon Rubber - Contract award helps underpin forecasts for FY18
Avon Protection PLC (AVON:LON) | 1,237 519.5 3.5% | Mkt Cap: 374.3m
- Published:
23 May 2017 -
Author:
Jo Reedman -
Pages:
3
Avon Rubber has announced the award of a material contract for c.37,000 FM50 masks to a non-DoD customer, for delivery in H1 18. This is one of the Middle Eastern contracts which have been in negotiations for the last 18 months. While terms have not been disclosed, we would anticipate a contract value of perhaps c.$11-12m. We do not expect to upgrade our estimates at this stage, as our forecasts implicitly assume one large order is won each year. However the award helps build the order book and ....