Strat Aero Shares Rise After Subsidiary Wins Supply Deal From Aviva
07 April 2018 - 1:15AM
Dow Jones News
By Maryam Cockar
Shares in Strat Aero PLC (AERO.LN) rose Friday after the company
said that its subsidiary Geocurve Ltd. will supply aerial survey
and inspection services to insurer Aviva PLC (AV.LN).
Strat Aero said this is a "positive development for the company"
and will provide more information on its effect on group revenue
when it becomes clearer.
In February, Strat Aero said Geocurve won a 3D and virtual
reality survey contract that from the U.K. Environment Agency that
will provide revenue of GBP1.1 million over three years.
At 1413 GMT, shares in Strat Aero were up 0.02 pence, or 56%, at
0.07 pence.
Write to Maryam Cockar at maryam.cockar@dowjones.com
(END) Dow Jones Newswires
April 06, 2018 11:00 ET (15:00 GMT)
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