Pennant International, a company specialising in aviation software and training, has secured a £4.9 million contract with the Ministry of Defence. This agreement will span three years and involves a significant technology upgrade for the Royal Air Force’s GenFly training systems. This new deal is expected to boost the company’s revenues significantly.
In addition to this major contract, the Gloucestershire-based firm has expanded its reach across North America with two additional contracts. One of these is the first sale of software under the company’s newly introduced subscription model for its Auxilium suite. The client for this deal is a United States defence contractor that specialises in unmanned aerial systems.
Furthermore, Pennant International has received a separate £400,000 order from a Canadian defence contractor for technical services. With these developments, the company continues to strengthen its presence in both domestic and international defence markets.
In Summary, these contracts mark a positive trajectory for Pennant International, reflecting its growing influence and success in the aviation and defence sectors.
Pennant International Group plc (LON:PEN) was established over 60 years ago and is a leading global provider of technology-based maintainer training and integrated product support solutions. The Group operates worldwide, with offices in Europe, North America and Australasia.
