Contract Win (5391J)
01 July 2011 - 4:00PM
UK Regulatory
TIDMMAN
RNS Number : 5391J
Manroy PLC
01 July 2011
FOR IMMEDIATE RELEASE
1 July 2011
MANROY PLC
GBP1.6M MOD SPARES CONTRACT
Manroy Plc ("Manroy") (AIM:MAN), the leading UK machine gun
manufacturer, announces that it has signed a further contract with
the UK Ministry of Defence ("MoD") to supply spare parts for the
0.5" calibre Heavy Machine Gun ("HMG"). The contract value is
GBP1.6 million and delivery of the spare parts will commence as
soon as production capacity allows. This is expected to be within
the current financial year ending 30 September 2011.
Glyn Bottomley, Manroy's Chief Executive, said: "I am pleased
that we have secured a further contract with the MoD to continue
the supply of spare parts. This is a valuable win for us and
further demonstrates the strength of our ongoing relationship with
the MoD."
For further information please contact:
Manroy Plc Tel: 01252 874 177
Glyn Bottomley, Chief Executive
Paul Carter, Finance Director
Arbuthnot Securities Limited Tel: 020 7012 2000
Tom Griffiths
Ed Groome
Tavistock Communications Tel: 020 7920 3150
Baron Phillips
Matt Ridsdale
Notes to Editors:
Manroy is a UK based manufacturer of machine guns, mounts and
other associated products. A key Ministry of Defence supplier for
26 years, Manroy currently manufactures, supplies and supports:
-- the 12.7mm M2 Heavy Machine Gun ("HMG"), also known as the
0.50" calibre HMG;
-- the 7.62mm General Purpose Machine Gun ("GPMG"); and
-- weapon tripods and mounting systems.
Manroy is focused on the opportunity to derive further value
from existing partner relationships and create additional revenue
streams by continuing to expand the product offering, and to move
into new territories.
Ends
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