Pennant International Group plc (LON:PEN), the systems support software and training solutions company, has provided the following contracts update.
UK & Europe
The Company notes that the UK Ministry of Defence has announced its intention to contract with Pennant for a comprehensive technology upgrade to the RAF’s GenFly training systems. The expected contract value is stated to be £4.9 million, to be delivered over a three and a half year period, with an award date of April 2025. The potential award is subject to contract and applicable defence procurement processes. A further announcement will be made in due course.