LPA Group Shares Rise on Project Award
15 October 2020 - 7:31PM
Dow Jones News
By Adria Calatayud
Shares in LPA Group PLC rose Thursday after the company said
that it has been awarded a project by Siemens Austria for the
design and supply of interior lighting and door-status lights for
London Underground's Deep Tube upgrade program.
The U.K. lighting and electro-mechanical system manufacturer
said the initial award is for the supply of lighting systems for 94
newly designed train sets, with scheduled product deliveries from
2023. The Deep Tube upgrade program has options for a further 216
train sets across other London Underground deep tube lines, LPA
said.
LPA said the project award remains subject to contract and is in
line with the company's expectations.
Shares in LPA at 0753 GMT were up 13% at 81 pence.
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
October 15, 2020 04:16 ET (08:16 GMT)
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