Manroy PLC Contract Awards for New and Existing Customers (9920W)
04 February 2013 - 6:00PM
UK Regulatory
TIDMMAN
RNS Number : 9920W
Manroy PLC
04 February 2013
FOR IMMEDIATE RELEASE
1 February 2013
MANROY PLC
CONTRACT AWARDS FOR NEW AND EXISTING CUSTOMERS
Manroy Plc ("Manroy"), the AIM quoted leading UK Defence
Contractor, is pleased to announce that it has received new
contracts totalling GBP1.8m for new and existing customers within
Asia and Europe.
Included in these contracts is confirmation, today, of a
significant GBP1.0m order from an existing customer in Asia. This
order is covered by export licences already held by the Group
allowing delivery in the current financial year ending 30 September
2013.
Making up the balance of the new contracts are several smaller
but significant export orders recently received totalling
GBP0.8m.
These new contracts add to the Group's existing GBP9.0m order
book reported in Manroy's announcement of results for the year
ended 30 September 2012, increasing the order book to approximately
GBP11m.
Glyn Bottomley, Manroy's Chief Executive, said: "It is
encouraging to see the hard work invested over the last two years
begin to reap rewards as these contract wins demonstrate our
success in winning new and strategically important customers for
the Group."
Ends.
Contacts:
For further information please contact:
Manroy Plc Tel: 01252 874 177
Glyn Bottomley, Chief Executive
Paul Carter, Finance Director
Allenby Capital Tel: 020 3328 5656
Mark Connelly
Alex Price
Bankside Consultants Tel: 020 7367 8888
Richard Pearson
Notes to Editors:
1. Manroy is a UK based defence contractor specialising in the
supply of weapon systems for land, air and maritime
applications.
2. A key Ministry of Defence supplier for 26 years, Manroy
designs, 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");
-- HMG Quick Change Barrel kits;
-- a range of turret products for armoured fighting vehicles;
-- weapon tripods and weapon mounting systems
3. Production of the HMG, along with support and spares is
Manroy's core area of operation. In recent years Manroy has
increasingly focused on the export market and diversification of
its customer base into new territories.
4. Manroy owns 49% of North Carolina based Manroy USA ("MUSA"),
a defence supplier to both military and civilian agencies.
5. MUSA manufactures a range of weapons systems and ancillary products, including:
-- The M2 HMG
-- M2 HMG Quick Change Barrel kits
-- Barrel manufacturing for both the military and commercial markets
-- M16 and M4 military rifles
-- Electronic boresights
-- Mounting systems
-- Commercial rifles and parts
6. MUSA's acquisition of the business and assets of Sabre
Industries in March 2011 enhanced its penetration of the US
market.
7. In April 2012, $10.4m (GBP6.6m) of Sabre's contracts with the
US Department of Defense were successfully novated to MUSA.
The Group adheres strictly to UK legislation concerning the sale
of weapons to foreign countries. Manroy's overseas sales are
undertaken in adherence to UK Government regulations and approvals.
Such sales are only undertaken after all appropriate UK Government
licenses have been granted.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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