20 February 2008
Major Contract Award
Aegis is pleased to announce that it has secured a contract for the supply of a specially developed innovative modular body armour system to a major overseas defence client.
The contract has an initial value of £1.8m for goods for immediate delivery with potential further sales, including upgrades, totalling £3.2m over three years. The contract was won against strong international competition from companies from Europe, Australia and USA.
Commenting on the announcement, Tim Wightman, Chairman of Shieldtech Plc, said:
"We are delighted with this contract win. The contract was contested against some strong competition from all over the world and so the win further enhances our reputation as a major global player in the body armour industry."
For more information please contact:
Shieldtech plc Tel: +44 (0) 1925 840048
Tony O'Neill, Chief Executive Officer
Robert Denton, Group Finance Director
Seymour Pierce Tel: +44 (0) 20 7107 8000
Nicola Marrin / Mark Percy
Buchanan Communications Tel: +44 (0) 20 7466 5000
Tim Anderson / Isabel Podda / Ben Romney