TP Group Awarded GBP5.3M BAE Systems Contract
29 November 2016 - 10:04PM
Dow Jones News
LONDON--TP Group PLC (TPG.LN) said Tuesday it has been awarded a
contract with BAE Systems Marine Ltd. for 5.3 million pounds ($6.5
million).
The specialist services and engineering group said the contract
commences immediately and will be delivered over the next two years
by the group's engineering team in Portsmouth.
TP Group shares at 1032 GMT up 1 pence, or 14.3%, at 5 pence,
valuing the company at GBP21.1 million.
-Write to Razak Musah Baba at razak.baba@wsj.com; Twitter:
@Raztweet
(END) Dow Jones Newswires
November 29, 2016 05:49 ET (10:49 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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