Manroy PLC Contract win (3292N)
05 September 2013 - 9:51PM
UK Regulatory
TIDMMAN
RNS Number : 3292N
Manroy PLC
05 September 2013
5 September 2013
MANROY PLC ("MANROY" OR "THE GROUP")
NEW EURPOEAN GOVERNMENT CUSTOMER CONTRACT AWARD
Manroy, the AIM quoted UK Defence Contractor, is pleased to
announce that it has been awarded a EUR1.7m (GBP1.4m) contract from
a new European Government customer.
It is expected that the contract, for Heavy Machine Gun spares,
will be delivered before 31 December 2013, with deliveries
commencing in September 2013, subject to standard license approval
processes.
Glyn Bottomley, Manroy's Chief Executive, said "This is a
fantastic win with a European Government customer against strong
competition. This contract also includes a 7 year exclusive
framework agreement for further orders."
ENDS
For further information please contact:
Manroy Plc Tel 01252 874177
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
Simon Rothschild
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 rifle barrels and spares
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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